Lightning adoption continues. Cloud miners face crackdown. Thailand to enact new crypto legislation. - Recap 13 Mar
The lightning network reaches 1000 nodes. Meanwhile, Japan's third largest electricity provider is experimenting with bitcoin lightning payments. Chubu Electric Power Co. has entered into a proof-of-concept with local bitcoin and Internet of Things (IoT) startup Nayuta, to explore how bitcoin payments can be made via the Lightning Network.
Cloud mining service Genesis Mining has been told to stop operating in the state of South Carolina, according to a cease-and-desist order released on March 9. Cloud mining is where users can pay to 'rent' mining hashpower from a mining services provider.
Thailand will enact a new law to comprehensively regulate cryptocurrencies, with the power of regulation granted to the ICO-friendly Security and Exchange Commision (SEC) as opposed to the central bank or finance ministry.
Heat from bitcoin miners is being used to grow tomatoes in green houses. The issue surrounding the environmental impact of cryptocurrency mining, as well as what to do with the excess heat it generates, has become a major point of debate in the industry.
John Oliver featured a 20 minute segment on Bitcoin. He gave a basic definition of Bitcoin, Blockchain and Cryptocurrencies and focused on warning people about possible scams (including collapsed ponzi scheme Bitconnect and possible overhyped ICO of EOS).
Meanwhile in Slovenia... “Roundabout Kranj,” as the monument has been officially dubbed, sees a Bitcoin logo placed in the center of the roundabout.
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The bitcoin logo looks amazingly placed
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