ChainCatcher news, the Russian government's Electricity Development Commission approved cryptocurrency mining restrictions on Monday, which will take effect on December 1, with a subsequent enforcement period from November 15 to March 15 each year until 2031.Deputy Energy Minister Evgeny Grabchak confirmed this decision, which targets 13 regions including Irkutsk, Buryatia, and Transbaikal, but excluding Moscow. The approval to extend the enforcement period is aimed at managing peak electricity demand and addressing energy shortages. Other affected regions include Karachay-Cherkessia, Kabardino-Balkaria, Donetsk, and Luhansk People's Republic.

ChainCatcher news, according to Bitcoin Magazine's disclosure on the X platform, one of Europe's largest telecommunications companies, Deutsche Telekom, will begin utilizing surplus energy for Bitcoin mining.

ChainCatcher news, AI infrastructure company Crusoe Energy is about to complete a $500 million equity financing, led by billionaire Peter Thiel's Founders Fund. This round of financing brings the company's valuation to $3 billion, doubling from two years ago.In the previous weeks, Crusoe Energy just announced a $3.4 billion joint venture agreement with Lancium Clean Campus to build data centers in Texas.

ChainCatcher news, Russian Deputy Energy Minister Evgeny Grabchak announced that due to ongoing energy shortages, Russia will restrict cryptocurrency mining in specific regions. The affected areas include the Far East, southwestern Siberia, and southern regions with limited power resources. The power shortage may persist until 2030, making large-scale mining difficult to sustain in the long term. The state news agency TASS confirmed the ban.Law enforcement actions have been launched against illegal or household mining. On October 28, Russian authorities arrested a resident of Novosibirsk who was suspected of power fraud related to cryptocurrency mining, profiting over 12 million rubles (approximately $123,000). The case is still under further investigation.

ChainCatcher news, according to Cointelegraph, BitMEX co-founder Arthur Hayes predicts that if tensions between Iran and Israel escalate, the price of Bitcoin will rise alongside the surge in oil and energy prices.

ChainCatcher news, according to Decrypt, Indian police recently cracked a case of fraud impersonating a government solar energy project, seizing $100,000 worth of USDT with the assistance of Binance exchange. It is reported that the fraud gang impersonated officials from the Indian Ministry of Power, claiming to have obtained the rights to expand the national solar network, luring individual investors under the guise of helping India achieve its renewable energy goals.The fraud gang promoted a company named "M/s Goldcoat Solar" through social media, impersonating senior government officials and displaying forged so-called proof of returns from previous investors. They used forged innocent personal information to activate SIM cards, establishing an extensive network to conceal their true identities.

ChainCatcher news, according to Cointelegraph, U.S. District Court Judge Jamel Semper dismissed a class action lawsuit against the Bitcoin mining company Iris Energy without prejudice, ruling that the investors who brought the lawsuit failed to prove that the company had ever made false statements or intentionally misled investors.The lawsuit accused Iris Energy, its executives, and its underwriters (including JPMorgan and Citigroup Global Markets) of violating the Securities Act and the Securities Exchange Act during its 2021 IPO. The plaintiffs claimed that there were several key inaccuracies in the documents related to the Australian crypto mining company's IPO in November 2021 and in other statements made in the following months. Additionally, they alleged that Iris concealed risks and failed to disclose information regarding loans for financing mining equipment, making several "false and misleading" statements about the company's overall financial condition, including its profits, losses, and assets on hand.However, Judge Semper found that Iris was not obligated to disclose all details of its loan financing, and the plaintiffs failed to prove that Iris's disclosures were materially misleading.

ChainCatcher news, the decentralized energy network Starpower announced today that after gaining attention from Solana, the company will launch "the world's first Web3-supported energy storage battery." The project is led by Chief Scientist MetaLattice and developed in collaboration with world-leading manufacturers such as CATL and Weihen Technology. Starpower stated that despite the execution difficulties exceeding expectations, the company plans to launch the product in the fourth quarter of this year.According to the RootData page, in June of this year, Starpower completed a $2 million Pre-Seed funding round, with participation from Alliance and others.

ChainCatcher news, according to The Block, Bitcoin mining machine manufacturer Bitdeer is about to launch a brand new advanced chip after successfully completing the tape-out process. This SEAL02 chip, co-developed with semiconductor manufacturer TSMC, will have "excellent" energy efficiency at lower operating speeds, specifically 13.5 J/TH.

ChainCatcher news, Australian energy technology company Powerledger has announced its entry into the Solana ecosystem, claiming that it shares common values with the blockchain network as interest in regenerative finance (ReFi) grows. This integration aims to enhance the "narrative of clean energy and sustainability within the blockchain space."Powerledger will integrate its products with the Solana mainnet and cease operations of its own Solana Virtual Machine (SVM) blockchain. Powerledger stated, "At the core of Powerledger and Solana is a shared vision of innovation, sustainability, and transparency—values that are becoming increasingly important as the world shifts towards ReFi (regenerative finance) and sustainability."ReFi aims to create an economic system that goes beyond generating financial returns, focusing on restoring and enhancing social, environmental, and economic well-being. According to CoinGecko, as of the publication of this article, the total market cap of ReFi is $110.57 million.

ChainCatcher news, as reported by Bitcoin Magazine, Robert F. Kennedy Jr. recently stated in a letter to The Economist that Bitcoin mining is a powerful new tool to support renewable energy-intensive grids.He pointed out that while the power grid is under pressure from manufacturing, electric vehicles, and data centers, the electricity consumption pattern of Bitcoin mining is different from traditional usage and can have a positive impact on the grid. Kennedy emphasized that unlike facilities such as data centers, Bitcoin mines operate only when electricity is cheap and abundant. When electricity scarcity leads to price increases, the mines can reduce their consumption within seconds.Additionally, Kennedy noted that Bitcoin miners actively participate in demand response programs, allowing grid operators to control their electricity usage to stabilize the grid. The participation of Bitcoin miners in these programs helps to bid in the open market, reducing electricity costs for consumers.

ChianCatcher news, renewable energy company Fuse announced the completion of a $12 million strategic financing, led by Multicoin Capital, bringing the company's total funding to $90 million to date.According to the press release, the company plans to use the funds to launch Project Zero, a renewable energy DePIN project: "As a comprehensive energy company, Fuse provides distributed energy (DER) installation, electricity trading, and electricity retail. The company currently manages 18 megawatts of renewable energy projects, with another 300 megawatts of renewable energy projects in preparation. Fuse Energy, a subsidiary of Fuse, is a vertically integrated electricity retailer."

ChainCatcher news, Sun Yuchen stated on his social platform that the Tron Super Representative Council proposed to raise the energy cap to 150 billion, which is another adjustment following the previous increase to 120 billion. The aim is to allow TRX staking to generate more energy, thereby reducing network fees and increasing network activity. If the proposal is approved, it will take effect by this Friday at the latest.

ChainCatcher news, modular clean energy solution Exowatt has completed a $20 million seed round financing, with participation from a16z and OpenAI CEO Altman.Exowatt addresses the energy demands of data centers through its ceramic battery technology. The company claims its technology can store solar energy for months, helping to cope with the rapid growth of electricity consumption in data centers. Exowatt employs a "modular system" to generate, store, and schedule clean energy.It is reported that Exowatt has accumulated 1.2 gigawatts of orders, primarily focused on data centers and cryptocurrency mining projects in the United States.

ChainCatcher news, according to CryptoSlate, the Vice President of Research at Bitcoin mining company Riot Platforms, Pierre Rochard, stated that in Texas, excess electricity production caused its price to drop to $0 at one point, and Bitcoin miners were able to absorb this surplus energy, effectively stabilizing the grid.Analysis points out that Bitcoin mining is often criticized for its energy consumption and environmental impact. However, it also provides significant benefits, particularly in terms of grid stability and energy efficiency. One key advantage is that Bitcoin miners can quickly turn mining equipment on and off, responding to fluctuations in energy demand.

ChainCatcher News, Tokyo Electric Power Company's subsidiary Agile Energy X in Japan has begun experimenting with Bitcoin mining using surplus power from renewable energy sources such as solar energy. The company has installed mining equipment next to solar power plants in Tochigi and Gunma Prefectures as part of its green energy utilization efforts.Company representative Kenji Tateiwa stated that mining can provide a new source of revenue for power generation companies and promote further adoption of green energy.The Japanese government plans to achieve net-zero greenhouse gas emissions, or carbon neutrality, by 2050, and it is expected that the share of renewable energy will further increase in the future. According to Agile Energy X's estimates, if renewable energy accounts for nearly half of the national power supply, approximately equivalent to the annual electricity consumption of 70 million households will be wasted. If 10% of this can be utilized for Bitcoin mining, it is expected to generate an annual revenue of about 360 billion yen (2.5 billion USD).

ChainCatcher message, Sun Yuchen posted on X that TRON community proposal No. 92 has now come into effect, raising the energy cap to 12 billion. This means that TRX stakers can conduct more transactions, reduce Gas fees, and increase network activity.

ChainCatcher message, according to the official TokenPocket X account, due to the outbreak of meme season on the Tron network, the Gas fees on the Tron network have continued to soar. Tron has also become the highest-earning blockchain project at present, with a 24-hour income exceeding 1 million USD, which is double that of the second place, Pump.Fun. The TokenPocket wallet has launched an energy leasing feature, saving users over 50% on Gas fees. The TokenPocket subsidy campaign has currently accumulated savings of over 800,000.00 USD in Gas fees for users.