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New York bill proposes to ban crypto mining for 3 years over carbon concerns

Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New York Senate Bill 6486 was proposed by Democrat senator Kevin S. Parker, the Chairman of Committee on Energy and Telecommunications, and co-sponsored by fellow Democrat

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Bitcoin mining in China set for ‘stricter supervision’ due to carbon concerns

China’s crypto mining operations may be set for stricter supervision in the future, with the Government reportedly concerned about the energy consumption of Bitcoin mining in particular. Beijing sent an “emergency notice” to conduct checks on data centres involved in Bitcoin and other cryptocurrency mining operations on April 27, which

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Microsoft uses blockchain technology to purchase soil carbon credits in Australia

Microsoft has employed blockchain technology to purchase soil carbon credits in Australia. In combination with Regen Network — built on the Cosmos (ATOM) blockchain — the CarbonPlus Grassland credits were initially issued to two ranches in New South Wales.The carbon credits are used as a measure of soil sequestration, which

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Bringing carbon emissions reporting into the new age via blockchain

Blockchain for supply chain management is one of the most practical business applications for large, multi-party sectors seeking trust and transparency across daily operations. As such, the mining and metals sector has now started to leverage blockchain technology to effectively track carbon emissions across complex, global supply chains. This month, the

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Ridesharing Giant Cabify to Track and Offset Carbon Emissions Using Blockchain Platform

One of the world’s largest ridesharing companies, Cabify, is moving to offset its carbon emissions with the help of blockchain technology.Announced last week, the Latin American ridesharing business has tapped Valencia, Spain-based blockchain fintech firm ClimateTrade to digitize and track its carbon emissions.ClimateTrade’s chief marketing officer, Ana Karen, told CryptoX

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