EU Parliamentarians Push to Limit Bitcoin Use Over Energy Concerns
A draft regulatory package calls for the restriction of cryptocurrencies that use proof-of-work consensus mechanisms. Source
Read MoreA draft regulatory package calls for the restriction of cryptocurrencies that use proof-of-work consensus mechanisms. Source
Read MoreMining for cryptocurrencies can be highly energy intensive, with bitcoin mining alone requiring the same amount of electricity as the Netherlands' annual total power generation, or 0.5% of total global electricity consumption, Morgan Stanley said in a report entitled “ESG Considerations.” Source
Read MoreAccording to recent filings with the United States Patent and Trademark Office (USPTO), Monster Energy has four pending trademark applications related to the nonfungible tokens (NFTs) and metaverse realms. The first trademark application consists of downloadable virtual goods comprised of, but not limited to, beverages, food, supplements, sports, gaming, music, and
Read MoreNothing has shaped modern human life on this planet more than electricity. It powers our homes, our appliances, our heating and cooling systems, our electronics, our computers, our phones and the internet. It powers industry, science, research, hospitals, agriculture, manufacturing, construction, and public transportation. Electricity is so essential that we
Read MoreBitcoin miner CleanSpark (CLSK) is considering strategic alternatives for its legacy energy business, aiming to focus solely on its bitcoin mining segment, the company said in a statement accompanying its quarterly earnings report for its fiscal first quarter ended Dec. 31. Source
Read MoreBTIG analyst Gregory Lewis expects the sale could help the miner “flip the script” of its growth trajectory. Original Source
Read MoreIn its first quarterly results since coming public late last year, Sydney-based Iris Energy (IREN) reported mining 364 bitcoin in the fiscal second quarter (ended Dec. 31), up 51% from three months earlier. Original Source
Read MoreResearchers recently reported that Bitcoin mining has a shocking energy consumption level that is comparable to a medium-sized country. Blockchain is the most booming technology of our time, with implementation across various industries such as health care, supply chain management, games and entertainment, and so on. Blockchain is a boon
Read MoreThe Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more notably occupied by miners in
Read MoreThe past few months have been less than pleasant for Bitcoin (BTC) bulls, but they are not alone. Persistent comments from the United States Federal Reserve hint at plans to raise interest rates in 2022 and thi is causing investors to seek protection in inflation-protected bonds.The monetary authority signaled its
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