Cryptocurrency Analysis and News Portal
Bitcoin miner Marathon Digital Holdings plans on taking a big step toward carbon neutrality with plans to transition its Montana mining facility to use sustainable power sources elsewhere.The Nevada-based company intends on relocating its coal-powered Hardin, Montana facility to a location that uses sustainable, non-carbon emitting energy sources. The move
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A budding movement within the crypto industry says it can keep carbon out of the atmosphere by locking it on a blockchain. Can it succeed? Source
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As well as driving a lot of demand for clean energy, crypto’s blockchain technology, which was designed to share a catalog of transactions so coins can’t be spent twice, can digitize and streamline clean energy markets. This involves assigning digital identities to clean energy facilities, for example, and creating digital
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The venture aims to bring cryptocurrency benefits to natural CO2-removal processes. Source
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Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels, they claim. Bitcoin Mining Allegedly Less Green Since Miners’ Exodus From China Cryptocurrency mining
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BitRiver Rus, based in Irkutsk, Siberia, is one of the largest mining firms in Russia, offering hosting services for large-scale mining. Its data centers are 300 megawatts, and the company plans to increase their size over sixfold by the end of 2022. The company manages five proprietary data centers it
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Carbon offset protocol KlimaDAO has now accrued over 14 million on-chain carbon offsets and is causing waves in the more traditional carbon offset industry.The aim of KlimaDAO is to acquire as many carbon offsets as it can in order to drive up their value and make offset-generating activities more profitable.The
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Billion-dollar companies across the globe are betting big on Bitcoin (BTC). Recent analysis from European investment manager Nickel Digital Asset Management found that 20 publically listed companies with a market capitalization of over $1 trillion have about $9.6 billion invested in BTC. Individual investors are also taking an increasing interest
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Due to the carbon footprint of mining operations, some governments and regulators, such as the Chinese, are taking action, the report said. But as the market value of cryptocurrencies expands “people will find a way to mine, trade and use cryptocurrencies, especially in an unregulated market.” Original Source
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In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.The 2021 United Nations Climate Change Conference (COP26), where I exhibited my art,
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