A state-owned electric utility provider in the Canadian province of British Columbia is set to halt all new electricity-connection requests from cryptocurrency miners for a period of 18 months. The British Columbia government made the announcement in a statement on Dec. 21 stating that the pause will allow the government and BC Hydro to develop a permanent framework that can better balance the needs of crypto miners and both its residents and businesses in the region. Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation said that the move was made to preserve the clean energy it provides for …

Republican Senator Pat Toomey, who is set to retire from U.S. Congress at the end of the term, has used one of his last few weeks in office to introduce a new stablecoin bill, aimed at creating a regulatory framework for “payment stablecoins.” Toomey — who also serves as the Ranking Member of the U.S. Banking Committee — said the Dec. 21 bill, called the Stablecoin TRUST Act of 2022 would serve as a framework for stablecoin regulation for his fellow senators who are looking to push out stablecoin legislation in 2023. In a statement, the senator called stablecoins an …

The California Department of Financial Protection and Innovation (DFPI) has ordered crypto lending platform MyConstant to cease offering a number of its crypto-related products over alleged state securities law violations. The DFPI stated in a press release on Dec. 21 that it has ordered MyConstant to “desist and refrain” from offering its peer-to-peer loan brokering service and interest-bearing crypto asset accounts, which it says are in violation of the California Securities Law and California Consumer Financial Protection Law. The DPFI alleged that MyConstant’s offering and selling of its peer-to-peer lending service called “Loan Matching Service” violates one of the state’s …

Twitter has added a new crypto feature that enables Twitter users to search the price of Bitcoin (BTC) and Ether (ETH) simply by typing “Bitcoin” or “Ethereum” into the search tab. The Elon Musk-led social media platform didn’t announce the new feature to the public. However, the Documenting Bitcoin account was one of the first to highlight the update, and shared a screenshot of the new price index feature to its 853,700 Twitter followers on Dec. 21. Twitter now shows the #bitcoin price! pic.twitter.com/GWg6i3Ibkb — Documenting Bitcoin (@DocumentingBTC) December 21, 2022 Upon searching crypto token names on Twitter, Ether’s price …

Another year in the crypto space has nearly passed. As usual, Twitter has been a hotbed of crypto-related conversation during the turbulent year. From Terra’s collapse and the whole situation with FTX to Elon Musk’s takeover of Twitter, 2022 has played out like a television drama, keeping people on the edge of their seats. Tweets can act like time capsules from the past, offering up memories or documenting particular historical points. Here are 10 memorable tweets from 2022. The Terra collapse The crypto space suffered several blows this year, and among them was the collapse of the Terra project. Terra …

Progress continues on the creation of a digital euro, and the European Central Bank (ECB) has documented it in a second progress report that described design and distribution options recently approved by its governing council. The report considered four crucial issues, roughly in keeping with the timeline the ECB set for itself that tentatively culminates in a decision on whether to transition from the investigation to the realization phase of work in Q3 2023. The report outlined the roles of the Eurosystem and intermediaries and established that supervised intermediaries would be responsible for all management and user-facing roles in the …

Each person who receives cryptocurrency becomes a member of a community already numbering in the millions, with common goals, interests and plans. But how can you find the right gift for the crypto enthusiast in your life when the holidays come around? It’s no secret that people struggle to choose gifts when they want to meet the expectations of another person. This holiday season, Cointelegraph has put together a list of crypto gifts that crypto hodlers will appreciate. Crypto It may seem too simple, but it can be difficult to find someone who refuses investments with great value. One option …

2022 will go down as a challenging year for the cryptocurrency and blockchain space, but the adversity faced has been strewn with plenty of positives for the decentralized application (Dapp) ecosystem. DappRadar has released its yearly report on the industry, focusing on challenges faced alongside notable technological achievements and an increasing number of active daily users. Cointelegraph highlights the main takeaways from the DApp industry in 2022, which are pertinent, considering macro factors like inflationary concerns in major economies, the collapse of industry-specific projects like Terra/Luna and FTX as well as market woes across the board. Perhaps most telling is …

The transactions of “designated crypto assets” entered into from the tax year 2022 to 2023 onwards will be qualified for the Investment Manager Exemption in the United Kingdom. Certain legislation was announced by the U.K. government back in April and is now executed by the Commissioners for His Majesty’s Revenue and Customs (HMRC). On Dec. 20, the HMRC published its legislation to define ‘designated crypto assets' and include them in the list of investment transactions that qualify for the Investment Manager Exemption. The regulation, coming into effect on Jan. 1, 2023, doesn’t contain a positive definition of “designated crypto assets.” …

Over the last year, the crypto space has endured lasting market volatility and scandals, which have negatively affected consumer trust in the industry. However, an end-of-the-year report from Accenture revealed that consumers are still holding crypto - and for the long term. According to Accenture’s 2022 Global Consumer Payments report, while many consumers still prefer traditional payment methods such as cash or credit card, one in five surveyed consumers now own a cryptocurrency. For those that hold crypto 28% say the choice to enter the crypto space is due to a long-term investment. This is followed by 22% of consumers …

As blockchain gaming gains broader adoption, 3 out of 4 game developers are expecting to work on Web3 game projects in the future, according to a recent survey. Blockchain entertainment firm Coda Labs commissioned a survey, targeting game developers to have a peek at their thoughts about Web3. After conducting the survey, the researchers found that a majority of the respondents believe that Web3 gaming is on its way to their firms. 75% of the participants expect to work on Web3 projects in the future. Apart from this, more than half of the survey participants believe that Web3 will revolutionize …

The crypto bear market has also been called a builder’s market by many leading figures and companies in the industry. New data from Nasdaq reveals that investors had this mindset as they continued to sink money into Web3, particularly metaverse-related projects. According to the data over the last year 216 metaverse funding deals were completed, totaling out to nearly US$2 billion in funding. At the top of the funding pool were “support” based services, aka the main components for building. “Digital architects, game designers, AI developers, content creators and custom metaverse services were suddenly needed to build metaverse experiences.." Animoca …