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Aftershock: Russia’s Bold Move to Ban Crypto Mining Across Key Regions!

December 27, 2024
in Tech News
Home Tech News

Our mission is to provide unbiased product reviews and timely reporting of technological advancements. Covering all latest reviews and advances in the technology industry, our editorial team strives to make every click count. We aim to provide fair and unbiased information about the latest technological advances.
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The Tech Avenues of December: Key Updates and Innovations

As we reach the quieter days of late December, the ‌tech landscape ⁣offers an array of significant updates. While we reflect ⁤on the innovations and events that shaped 2024, notable ‍developments are unfolding in various sectors, including a stringent clampdown on cryptocurrency in Russia and exciting new seasons of popular Netflix series.

Russia’s Five-Year Crypto​ Mining Ban

In a dramatic ‌move reported by state media outlet Tass, officials ⁢in ​Russia have decided to prohibit cryptocurrency​ mining across ten regions for a period of six years. The government’s principal concern revolves ⁤around the substantial energy consumption associated with crypto mining‌ activities. Reports⁢ indicate that these operations contribute almost 2.5% to ‍overall energy usage in the United States alone. The enforcement date for ‍this ban is⁣ set for January 1 and will remain active until March 15, 2031.⁢ Interestingly, it was only in November that cryptocurrency was fully legalized within Russian jurisdiction.

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This Week’s Noteworthy Tech ‌News Highlights

  • Creative Ways to Utilize Your $100⁤ Holiday Gift Card: Explore‍ fun ideas post-Christmas.
  • The Best Games of Engadget’s Year Awards: Selection highlights ranging from indie hits to mainstream‌ successes.
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‘Squid Game’ Set for Its Farewell Season in 2025

A thrilling announcement came as Netflix revealed plans for a third and final season of its acclaimed series “Squid Game,” slated for‍ release next year after an intense second season premiered recently. While details​ about how Season‍ Two concluded remain under wraps, ⁤fans can ‍anticipate closure soon from this culturally impactful show.

The Must-Play Games From Last Year: Engadget’s Picks For 2024

Engadget Games

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This ‌last year presented a wealth of outstanding video game releases following an already impressive lineup from⁣ 2023. No matter your‍ preferences—whether they lean towards captivating indie titles or high-profile games—there was something available for every gamer out there. Rest ⁣assured; our celebratory articles have been restructured into distinctive narratives dedicated solely to these gaming highlights.

LG Innovates with Dual-Purpose Indoor Gardening Light

LG Indoor Gardening Appliance

The latest innovation from LG merges functionality with aesthetics through its novel standing lamp designed not just as lighting but also as ⁤an indoor gardening solution.‌ This ⁤modern lamp features varying LED brightness settings aimed at promoting ‍plant growth while also providing soft illumination during nighttime hours—a design element that enhances ambiance when not serving its horticultural purpose. Capable of accommodating up to twenty plants simultaneously, it incorporates a built-in water tank holding up to 1.5 gallons so users ‍won’t ‍even have watering concerns!

This article originally appeared on Engadget at Trouble loading link?

Tags: banbansblockchaincryptocrypto-miningCryptocurrencyDigital Currencyeconomic impactenergy policyminingMorningMultipleRegionsRegulationsRussiatechnology

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