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A new study from the New York Digital Investment Group (NYDIG) has projected that Bitcoin’s energy consumption will remain below 0.5% of the global total over the next decade.NYDIG published its 'Bitcoin Net Zero' research paper this month, finding that Bitcoin’s energy consumption and carbon emissions will not skyrocket in
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A major South Korean telecommunication company, KT Corp, has outlined plans to create a fully electronic documentation service, utilizing blockchain technology to contribute to environmentally conscious ambitions.The telecommunications firm currently provides around 90% of the nation’s fixed-line mobile networks, as well as a further 45% of broadband high-speed internet services.
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press release PRESS RELEASE. The highly anticipated new crypto friendly social platform, Carbon, has launched. Carbon has been in beta stage since March, undergoing thorough testing, improvements and added features and gaining over 12,000 beta testers. Offering an emphasis on free speech as well as great security and privacy, Carbon includes an
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Supply chain management platform VeChain has announced a new service for combining businesses to overhaul their carbon footprint data management practices.The new service, detailed in a Medium post on Thursday, combines decentralized ledger technology with a software-as-a-service (SaaS) business model.The Digital Carbon Footprint SaaS Service “allows enterprise users to log
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IBM Japan is collaborating with Mitsubishi Heavy Industries (MHI) to launch a blockchain-based solution for the tracking, capture, and re-usage of CO2. Dubbed CO2NNEX, the CO2 tracking platform will be powered by IBM’s blockchain technology while Mitsubishi will be responsible for managing the physical infrastructure that captures the gas, according
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Debates regarding the amount of energy required to mine Bitcoin (BTC) have been ongoing. While tech pioneers such as Elon Musk have recently mentioned that the crypto industry is headed toward a greener future, some academic researchers have noted that mining BTC consumes more power than that of small countries. While these
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Hashdex will be investing a portion of its assets acquired and managed via BITH11 ETF into mitigating growing carbon emissions through the purchase of carbon credits and green tech.Hashdex which has recently launched a new exchange-traded fund called BITH11 is planning to adopt carbon neutrality by investing earnings acquired via
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BITH11, a new exchange-traded fund (ETF) launched in Brazil by crypto-focused alternative investment firm Hashdex Asset Management, claims to be the country’s first “green” Bitcoin ETF.The fund plans to neutralize its associated carbon emissions through purchasing carbon credits. To meet the ETF’s objectives, Hashdex has partnered with Germany’s Crypto Carbon
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SkyBridge is committed to make Bitcoin mining a green industry through renewable energy.SkyBridge Capital, a global alternative investment firm that specializes in hedge fund products, has announced a strategic partnership with MOSS Earth, a climate technology company focused on environmental services especially global operations. According to the partnership details, SkyBridge
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Global investment firm SkyBridge Capital has partnered with carbon credit provider MOSS Earth to purchase tokens representing 38,436 tons of carbon offsets. SkyBridge announced the move on August 2, with founder Anthony Scaramucci forecasting that the Bitcoin mining industry “will be fully renewable by the end of the decade." For
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