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| November 20, 2018

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Union complains about United Airlines’ plan for fewer attendants on international flights

November 9, 2018 |

The union that represents flight attendants for United Airlines is objecting to plans by the Chicago-based carrier to eliminate one flight attendant position on most of its long-haul international flights, starting in February.

The airline says the move won’t “impact our customer experience” and…


L.A. Times – Business

Chechnya to Create Mining Pool for Eurasian Economic Union Countries

September 23, 2018 |

Chechnya to Create Mining Pool for Eurasian Economic Union Countries

Chechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Chechen Mining Pool

Alvi Karimov, the press secretary for the head of Chechnya, confirmed to RBC news outlet on Sept. 21 that a Eurasian crypto mining pool will be established in the Chechen Republic.

“The head of Chechnya, Ramzan Kadyrov, and Yuri Pripachkin agreed to establish a Eurasian mining pool in Chechnya,” a representative of the Russian Association of Crypto Industry and Blockchain (Racib) told the publication. Pripachkin is the president of Racib.

Chechnya to Create Mining Pool for Eurasian Economic Union Countries
Ramzan Kadyrov (left) and Yuri Pripachkin (right). Photo credit: Racib.

Noting that “The project should unite the resources of the miners from the countries of the Eurasian Economic Union (EAEU): Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan,” the publication detailed:

The pool will be the first step in the implementation of the ‘Crypto Chechnya’ program, which is aimed at developing the region’s economy with the use of blockchain technologies.

Dmitry Marinichev, Russia’s Internet Ombudsman appointed by President Vladimir Putin in 2014, believes that “mining pools in Russia have great potential due to the cold climate in many regions and inexpensive electricity,” the publication conveyed.

Regulatory Sandbox

Chechnya to Create Mining Pool for Eurasian Economic Union CountriesRBC reported that Racib and the Chechen Republic will submit an application to the Bank of Russia in the next few days to operate the mining pool within the framework of the country’s regulatory sandbox.

Pripachkin explained that the mining pool can only be launched “after the adoption of the laws regulating the operation of cryptocurrency in the territory of Russia,” adding that “It is assumed that the relevant bill will be considered by the State Duma in the autumn session,” the publication noted.

According to the association’s estimates:

The potential effect of launching a site in Chechnya with the appropriate authority may increase the tax revenues of the republic by more than 10% per year.

Chechnya to Create Mining Pool for Eurasian Economic Union CountriesRacib also believes that the mining pool and other development in the sector “will help Russia significantly increase the share of world production of cryptocurrency,” the news outlet described. The association added that “Today in Russia, there are more than 350,000 private miners and up to several thousand mining farms,” RBC conveyed. In August, news.Bitcoin.com reported on Pripachkin saying that, in the first half of this year, “the number of mining enterprises in Russia has increased by 15% to 75,000,” noting that “Russia accounts for about 6% of the world’s mining market.”

Russia is currently developing a regulatory framework for cryptocurrency. Three bills were submitted to the State Duma in May. However, after the first reading in the spring, the regulators postponed the second reading and the final voting to the fall session, as news.Bitcoin.com previously reported.

What do you think of Chechnya creating a mining pool? Let us know in the comments section below.


Images courtesy of Shutterstock and Racib.


Need to calculate your bitcoin holdings? Check our tools section.

The post Chechnya to Create Mining Pool for Eurasian Economic Union Countries appeared first on Bitcoin News.

Bitcoin News

Union Leader Says a New Nafta Won’t Work Without Canada

September 3, 2018 |

The president of the AFL-CIO said a new North American Free Trade Agreement won’t work if it doesn’t include Canada, a day after President Trump indicated his willingness to proceed with a bilateral deal with Mexico alone if necessary.
WSJ.com: US Business

The longtime head of the UFW is stepping down. His replacement will be the first woman to lead the union

August 29, 2018 |

Longtime United Farm Workers President Arturo Rodriguez will step down from leadership of the union founded by his father-in-law, Cesar Chavez, the union confirmed Tuesday.

His replacement, Teresa Romero, will be the first woman and first immigrant to lead the labor organization.

Romero, 60, the…


L.A. Times – Business

CNN

Russia plans largest war games since end of Soviet Union

August 22, 2018 |

Russia will stage the its largest war games since the fall of the Soviet Union next month, the country’s Defense Ministry said Monday.
CNN.com – RSS Channel – World

Union workers in Long Beach collect enough signatures to qualify hotel ‘panic button’ proposal for ballot

July 31, 2018 |

Union workers in Long Beach have collected enough petition signatures to place on the ballot a measure requiring hotels with more than 50 rooms to give workers a “panic button” to call for help in the event of a sexual assault.

The Long Beach city clerk’s office confirmed Tuesday that hotel workers…


L.A. Times – Business

TSA launches new training program for airport screeners, but the union is not impressed

July 23, 2018 |

Faced with an unusually high turnover rate among airport screeners, the Transportation Security Administration is starting a program to “foster career growth” by letting screeners learn new skills while on the job.

The union representing TSA workers likes the sentiment, but says the program, which…


L.A. Times – Business

Trump: ‘European Union Is a Foe’

July 16, 2018 |

President Trump has raised eyebrows ahead of his meeting with Vladimir Putin regarding who he feels are the enemies of the United States. In an interview from Scotland with CBS News, the president told anchor Jeff Glor that the EU with its 28 members, many of which are longstanding US…
Newser

Brexit bill becomes law, allowing UK to leave European Union

June 26, 2018 |

Britain’s Queen Elizabeth II approved the government’s Brexit legislation Tuesday, allowing the country to leave the European Union.
FOX News

Limbo Lingers for the European Union

May 10, 2018 |

Crises from Greece to Brexit have left crucial questions for the EU unaddressed over the past decade. One that can be ducked no longer, Simon Nixon writes, is a new long-term budget, and it won’t be easy.
WSJ.com: What’s News Europe