Canada Awards 300-Megawatt Block of Electricity to Attract Bitcoin Miners – Plus Ethereum, Ripple and XRP, Litecoin, Stellar, Tron, Cardano Crypto Flash

From a win for Bitcoin mining in Canada to the most popular decentralized applications on the Ethereum blockchain, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Hydro-Québec, Canada’s largest electric company, will award a 300-megawatt block of electricity to the local blockchain industry to attract Bitcoin miners. The total amount of electricity allotted to the blockchain sector is now 668-megawatts.

Canada’s power companies already clock some of the lowest electricity prices around the world. At $0.10/kWh, less than a quarter of the rate for New York and Boston, energy prices in Québec are far below those of other major cities across North America.

According to the announcement,

“[The new allocation] will allow us to accommodate these new customers without negatively impacting our power budget. We will be able to protect the low rates offered to our customers.”

Comparative index of electricity prices residential customers
Consumption: 1,000 kWh/month
Source: Hydro-Québec

Says Jonathan Hammel, a Bitcoin technology consultant with the Montreal Economic Institute, 

The decision of the Québec Energy Board is a major victory for Bitcoin miners in Québec but also for Bitcoin in general. It’s a clear demonstration that Bitcoin-related businesses are operating within the scope of the law of the land.”

Ethereum

Crypto research company Santiment has revealed the top 10 decentralized apps built on Ethereum, based on developer activity in the last month.

At the top of the list is Storj, a decentralized cloud object storage service, with 155.60 hours of developer activity. Other top projects include Status, a mobile messenger and browser DApp; Augur, a platform for peer-to-peer market predictions; and Loom, a PaaS network for decentralized social app and game development.

Ripple and XRP

SEC-registered investment adviser Sharespost has issued an investment report on Ripple. The report analyzes the…

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