News Snapshot:
The eastern Chinese province of Anhui became the latest region of the Asian country to announce a total ban on cryptocurrency mining, noting that the move will help alleviate an acute power shortage, made it known this Wednesday Reuters. The move was justified by the fact that the province faces a “serious” shortage of electricity supply. Thus, it is expected that in 2024 the demand for electricity in the region will reach 73.1 million kilowatts, while the current supply is only 48.4 million kilowatts, which represents a relatively large gap. In addition to eradicating mining, Anhui will carry out price...
