British Columbia to block new crypto mining projects from provincial power grid

Crypto NewsTuesday, October 21, 2025 at 8:20:04 AM
British Columbia to block new crypto mining projects from provincial power grid
British Columbia is moving to permanently block new cryptocurrency mining projects from accessing its provincial power grid, a decision that could significantly impact the crypto industry in the region. This legislation aims to prioritize energy connections for other essential services, reflecting growing concerns over the environmental impact and energy consumption associated with crypto mining. As the demand for sustainable energy increases, this move highlights the balancing act between technological innovation and environmental responsibility.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
British Columbia to Permanently Ban New Crypto Mining Projects From Grid
NegativeCryptocurrency
British Columbia has announced a permanent ban on new crypto mining projects from accessing the electrical grid, a move that reflects growing concerns over the environmental impact of cryptocurrency mining. This decision is significant as it aims to protect the province's energy resources and reduce carbon emissions, but it also raises questions about the future of the crypto industry in the region and its potential economic contributions.
DAOs are redefining the corporation, and the law isn’t ready | Opinion
PositiveCryptocurrency
Decentralized Autonomous Organizations (DAOs) are poised to transform the corporate landscape, offering a more open and accountable structure. As regulators begin to take notice, there's potential for DAOs to become a significant part of the global economy, promoting transparency and inclusivity. This evolution matters because it could reshape how businesses operate, making them more accessible and responsive to the needs of their communities.
Latest from Cryptocurrency
GENIUS Act Could Shield Bitcoin From Fed Oversight, Governor Barr Warns
NeutralCryptocurrency
Federal Reserve Governor Michael S. Barr recently spoke at DC Fintech Week, commending Congress for its efforts to regulate stablecoins. However, he cautioned that the way the new law is written might inadvertently create loopholes that could allow Bitcoin-related assets to be included in stablecoin reserves, potentially escaping direct oversight from the Federal Reserve. This discussion is crucial as it highlights the ongoing challenges in regulating cryptocurrencies and the need for clear guidelines to prevent financial risks.
Bitcoin whales execute $3B ETF trades with BlackRock for portfolio benefits
PositiveCryptocurrency
Bitcoin whales have made significant moves by executing $3 billion in ETF trades with BlackRock, highlighting a growing institutional adoption of cryptocurrency. This shift not only enhances liquidity but also improves tax efficiency, indicating a broader acceptance of regulated digital assets in the financial landscape. Such developments are crucial as they pave the way for more investors to enter the crypto market, potentially stabilizing and legitimizing the industry.
Kraken CEO hits back as banker calls stablecoin yields a ‘detriment’
PositiveCryptocurrency
Kraken co-CEO Dave Ripley has responded strongly to a banker who labeled stablecoin yields as a 'detriment.' Ripley argues that consumers should have the freedom to earn yields on their stablecoins rather than being limited to traditional bank interest. This discussion highlights the growing importance of stablecoins in the financial landscape, as they offer alternative investment opportunities and challenge conventional banking practices.
Analyst Projects $175K Bitcoin Price as Regulatory Climate Improves in US
PositiveCryptocurrency
A recent analysis suggests that Bitcoin could reach a price of $175,000 as the regulatory environment in the U.S. becomes more favorable. This potential surge is significant for investors and the cryptocurrency market, indicating a shift towards acceptance and stability. As regulations improve, confidence in Bitcoin may grow, attracting more investors and potentially leading to a new era for digital currencies.
110-year-old retailer Bealls partners with Flexa to enable crypto payments across 660 stores
PositiveCryptocurrency
Bealls, a 110-year-old retailer, is making waves by partnering with Flexa to allow crypto payments in 660 of its stores. This move could significantly boost the mainstream adoption of digital currencies, potentially reshaping retail payment trends and influencing how consumers shop. As more retailers embrace crypto, it could lead to a broader acceptance of digital currencies in everyday transactions.
Forget Bitcoin’s Halving — The ‘Business Cycle’ Is The Real Market Killer: Analyst
PositiveCryptocurrency
Bitcoin has seen a notable increase of about 4% recently, trading close to $110,000. This uptick is encouraging for both short-term traders and long-term holders, especially as easing tensions between the US and China could positively impact risk assets like Bitcoin. Analysts suggest that a break above $112,200 could signal further strength in the market, making this a crucial moment for investors to watch.