PANews reported on March 14 that according to The Miner Mag, the British Columbia Court of Appeal upheld the provincial government's decision to restrict electricity use for Bitcoin mining operations and rejected the attempt of Conifex Timber, a Bitcoin mining hosting service provider, to obtain unlimited electricity use. The court supported BC Hydro, emphasizing that it prioritizes the public interest, protects the province's electricity supply and prevents consumers from increasing electricity prices. Concerns about the impact of cryptocurrency mining on energy consumption have led to restrictions on the industry in several Canadian provinces.
British Columbia court upholds Bitcoin mining hashrate limit
- 2025-03-15
Kentucky Cryptocurrency Bill HB701 Passed Senate and Sends to Governor for Signature
- 2025-03-15
David Sacks, the “Crypto Czar”, sold more than $200 million in digital assets through individuals and companies before taking office
- 2025-03-15
CryptoQuant: Bitcoin demand has continued to weaken since December last year
- 2025-03-15
Bitwise Strategist: Strategy Stocks Are Essentially Altcoins of Traditional Finance
- 2025-03-15
UK Court of Appeal rejects man's bid to dig through garbage dump for hard drive containing $676 million in Bitcoin
- 2025-03-15
Goldman Sachs mentions cryptocurrencies in annual shareholder letter for the first time, acknowledging their growing role