Nic Carter, other pro-Bitcoiners fight climate impact narrative in new paper

Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin advocates and the former president of ERCOT, the operator of Texas’ electrical grid. The Nov. 22 paper titled “Leveraging Bitcoin Min ...

Bitcoin price and energy use for mining highly correlated: UN report

A recent study conducted by the United Nations suggests a direct correlation between the price of Bitcoin (BTC) and the energy needed for mining operations.UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mini ...

The Impact of Renewable Energy on Environmental Sustainability

Crypto Market Turns Green Following Ethereum Futures ETF Approval and Dollar Weakness The cryptocurrency market experienced a positive surge on Friday, with several major cryptocurrencies making notable gains: Bitcoin (BTC): Bitcoin saw a 2.4% increase in the past 24 hours, pushing i ...

Tether’s Venture into Bitcoin Mining in Uruguay: Challenges and Opportunities

Tether Holdings Inc., the company behind the leading stablecoin USDT, announced on March 30 their new enterprise with sustainable Bitcoin mining in Uruguay. Five months later, there was a new update on August 24 on what could be one of these new Bi ...

Oman Launches Second Cryptocurrency Mining Center in Push for Digitalization

The Sultanate of Oman has launched a new cryptocurrency mining center, the second mining facility to open in the country in the past 10 months. According to a local publication, the Oman Daily Observer, a data hosting and cryptocurrency mining center, was opened in the Salalah Free Zone, which is ...

The Agenda podcast chats with Energy Web on how to fight climate change with the help of blockchain

This summer, parts of the United States are wilting under a multimonth stretch of sweltering heat, and data suggests that summer temperatures will continue to creep up in the coming years. The planet is on what seems to be a pretty clear path to soon reaching 1.5 degrees Celsius of warming for th ...

Is Biden’s controversial Bitcoin mining tax dead or set to rise from the ashes?

Bitcoin (BTC) miners in the United States can breathe a sigh of relief after a proposed tax on crypto mining did not make it into a bill to raise the U.S. debt ceiling that appears set to pass.The Digital Assets Mining Energy (DAME) excise tax proposal sought to charge crypto miners a tax ...

Tether to Invest in Mining Facilities for Renewable Energy in Uruguay

Tether, the largest stabelcoin issuer, announced plans to invest in mining facilities in South American Uruguay. Tether officials have admitted that they plan to provide funding to a local licensed company to create renewable energy sourc ...

Block’s CEO Becomes Major Investor in Bitcoin Startup Azteco, Raises $6 Million

Block's CEO became the biggest investor during the investrun of bitcoin startup Azteco. In total, the company managed to raise $6 million. Azteco offers a simplified way to buy bitcoins for people who do not have bank accounts. ...

Tax Proposal Threatens US Bitcoin Miners as CEO Warns of Negative Consequences

Earlier this month, the administration of U.S. President Joe Biden proposed a 30% tax on miners' income. But according to Marathon Digital CEO Fred Thiel, such a tax would not work. According to Fred Thiel, introducing such draconian measures would simply force mining com ...

Soluna Secures $14 Million Funding for Renewable Bitcoin Mining Centers, Shares Rise

Shares of Soluna, a developer of environmentally friendly bitcoin mining data centers, rose 12% after the firm raised $14 million in funding. The funds will be used to complete the development of the Dorothy 1B project in Texas in a new deal with Navitas Global. The deal ...

In April, crypto-scanners collected a “catch” of $103 million

This is what the CertiK report Exploits played a special role here Let's explore in detail Analysts at CertiK presented the traditional report on cryptocurrencies. ...

Jack Dorsey’s Block Company Develops Prototype ASIC Chip for Decentralized Bitcoin Mining

Jack Dorsey's Block Company has completed development of a prototype ASIC chip that should accelerate the market entry of an open-source bitcoin mining rig. The Block team claims the new five-nanometer (5nm) chip will be the key to decentralizing bitcoin mining. It will ...

World Economic Forum Recognizes Bitcoin Mining’s Environmental Benefits

The World Economic Forum (WEF) has acknowledged the positive impact of bitcoin mining on both the economy and the environment. According to their recent video publication, bitcoin mining has the potential to reduce greenhouse gas emissions significantly. The WEF advocates for the shift of mine ...

Irish Farmer Turns Cow Dung Into Bitcoins Using Excess Energy

An innovative farmer from Armagh, Northern Ireland, has found a novel way to utilize excess energy on his farm - by converting cow dung into digital currency. Tom Campbell, the farm owner, employs a technique called anaerobic digestion to break down biodegradable matter, resulting in the producti ...