Two Mining Companies Among Georgia’s Major Electricity Consumers

Two companies mining cryptocurrencies have topped a list of the largest consumers of electricity in Georgia. In this crypto-friendly nation, however, that’s not necessarily a sin or a disadvantage. Energy-intensive enterprises in the Caucasian country purchase the power they need at wholesale prices. Also read: Huobi and Major Russian Bank to Provide Legal Help to…

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Daily Byte: 10.22.2018

Armenia puts one foot in the crypto mining circle, Washington state takes one foot out, and the Ether short market gets shaken all about. Here’s some of what’s happening for October 22, 2018: Armenia Opens $50 Million Mining Farm Hoping to become the next crypto mining hotspot, Armenia has opened a 3,000-machine mining farm at…

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Chechnya to Create Mining Pool for Eurasian Economic Union Countries

Chechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries. Chechen Mining Pool Alvi Karimov, the press secretary for the head of Chechnya, confirmed to RBC news outlet…

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More Communities Join the Legal Action against Crypto Ads Ban

Cryptocurrency associations and businesses from Switzerland, Kazakhstan and Armenia have joined the initiative to sue Internet corporations over restrictions on crypto-related advertisements. The class action lawsuit will be filed in New York. Legal costs will be covered with funds raised through donations to a wallet registered in Estonia.   Also read: Twitter Confirms Restrictions on ICOs…

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Bitcoin ATM Installed in Georgia Amid Growing Interest in Crypto

A new automated teller machine now offers Georgians a fast and easy way to buy and sell bitcoin and litecoin. Support for bitcoin cash has been promised, and other cryptos will also be added in the future. The ATM has been set up at a burger restaurant in the heart of the Georgian capital Tbilisi….

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