Cryptocurrency Analysis and News Portal
It was only a matter of time before China slapped a ban on Bitcoin (BTC) mining, trading and crypto services. To do anything with Bitcoin anywhere in the People’s Republic, one needs a special exemption. The Chinese government’s given reason for the Bitcoin crackdown is to reduce its well-documented climate
Read More
The Wikipedia proposal has sparked online discussions among Wiki users and contributors, most of whom have so far expressed support for banning crypto donations. However, the foundation noted that “this is not a majority vote, but instead a discussion among Wikimedia contributors. Agreement is gauged based on the merits of
Read More
On December 31, the software community founded in 1998, Mozilla, announced it was accepting crypto-asset donations via Bitpay. However, shortly after the announcement, a number of people complained about the decision the company made. A week later, Mozilla has announced it is backing away from digital currency acceptance for now
Read More
The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is currently drawing up a list of witnesses. They will be questioned about the energy use of proof-of-work mining, the type of mining used for bitcoin, according to the report. Original Source
Read More
Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company’s emissions. Warren’s letter insists “Greenidge and other [bitcoin mining] plants raise concerns about their impacts on the global environment.” Elizabeth Warren Takes Aim at
Read More
“Given the extraordinarily high energy usage and carbon emissions associated with Bitcoin mining, mining operations at Greenidge and other plants raise concerns about their impacts on the global environment, on local ecosystems, and on consumer electricity costs,” she wrote, asking for a detailed response by Dec. 17. Original Source
Read More
Recently, the cloud mining platform BitFuFu has aroused the wide concern of both the industry and users, which has made its way into the top rank of the cloud mining industry in less than one year after operation and won the strategic cooperation and investment from Bitmain, the mining giant. Leo,
Read More
Digital collectibles platform Terra Virtua has moved from the Ethereum blockchain to Polygon in an attempt to be greener.In a Monday announcement, Terra Virtua said it had switched to Polygon as part of a plan to create a more sustainable nonfungible token, or NFT, ecosystem. The platform claimed the move
Read More
“Proof of work is proof of burning,” is fast becoming the dominant view of Bitcoin (BTC) among those who are serious about tackling the climate crisis. The words are from a United Kingdom government representative for this year's COP26 UN climate talks, cited this week in the Financial Times.The same article
Read More
However, Elon noted that Tesla will not sell the existing Bitcoin investment as they plan to use it once the mining shifts to renewable and greener energy sources. Bitcoin price slid as much as 15%, below $50,000, after Elon Musk halted Tesla Inc (NASDAQ: TSLA) purchases with the
Read More