Eric Adams, mayor of the city of New York, indicated his disagreement with the bill, sanctioned by the state Congress, that prohibits crypto mining based on Proof of Work (PoW) considering that the “measure is not the way to follow to reduce the environmental impact of the activity.”
The bill would…
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PoW
They propose to suspend cryptocurrency mining in New York
New York lawmakers are preparing to amend the state's Environmental Conservation Law and are proposing to suspend cryptocurrency mining operations that use the proof-of-work (PoW) authentication protocol to validate business activities of…
European Parliament rejects the ban on PoW mining
The European Parliament's Committee on Economic and Monetary Affairs has rejected the version of the draft Digital Assets Market Act (MiCA) that prevented cryptocurrencies based on Proof-of-Work (PoW) mechanisms.
The version of the law…
European Parliament suspended the discussion of regulatory framework on crypto assets
The parliamentarians of the European Union indefinitely suspended the vote on the regulatory framework for digital currencies that was scheduled to take place on February 28 and intended to approve a package known under the acronym MiCA,…
Amazon seeks protection against DDoS attacks
The e-commerce giant, Amazon, applied for a proof of work patent (PoW) in order to avoid distributed denial of service (DDoS) attacks.
As described in the application, this patent will allow to constitute the required work in a PoW…
Ethereum ready for the transition to Proof of Stake code
Justin Drake, a researcher at the Ethereum Foundation, said that code specifications for the first phase of the Ethereum transition to a PoS network are already underway. It is expected that by June 30 it will be operative since it is the…