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“# From mining to software: China’s regulatory crackdown on crypto continues ” Financial regulators in China have shut down a Beijing-based software company they suspect of providing services to crypto traders. In a Tuesday joint statement, the Beijing Financial Supervision and Administration Bureau and the Business Administration Department of the People’s Bank of China issued…
“# Crypto mining firm Argo Blockchain eyes secondary Nasdaq listing ” Argo Blockchain, a publicly traded blockchain technology company focused on cryptocurrency mining, is looking at a potential secondary listing on the Nasdaq exchange. On Tuesday, the company announced that it is now exploring the possibility of a secondary listing on the Nasdaq as part of…
“# New York locals accuse gas-fired mining operation of heating Seneca Lake ” New York locals are accusing Greenidge Generation’s gas-fired Bitcoin mining plant of heating Seneca Lake in upstate New York. On a daily basis, the Greenidge plant is permitted to withdraw 139 million gallons of water from the lake and discharge 134 million…
“# China crypto ban a ‘huge opportunity for Canada,’ mining group head says ” China’s regulatory crackdown on cryptocurrencies continues to alienate major miners. Dubai-based investment company IBC Group reportedly plans to end Bitcoin (BTC) and Ether (ETH) mining operations in China following ban announcements from the different provinces across the country. The group has…
“# Cambridge and IEA data shows bitcoin carbon intensity peaked last year ” According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked. The environmental impact of bitcoin’s electricity usage is a favorite talking point…
“# Greenidge plans to expand mining operations to South Carolina ” Bitcoin mining company Greenidge Generation announced it would be starting operations in South Carolina as early as this year. In a Friday announcement, Greenidge said it would be operating in a carbon neutral crypto mining facility in the city of Spartanburg. The company said…
“# Proposed bill in Iran could ban all foreign-mined cryptocurrencies ” A new bill drafted by the Iranian Parliament Commission on Economy aims to restrict the use of cryptocurrencies within the country while providing a clearer legal framework for miners. According to a Friday report from the Tasnim News Agency, lawmakers drafted a bill titled…
“# Bitcoin Mining Council survey estimates a 56% sustainable power mix in Q2 ” The global Bitcoin mining sector has reached a 56% sustainable power mix in Q2, according to estimates from a Bitcoin Mining Council (BMC) report. “Bitcoin mining uses a negligible amount of energy, is rapidly becoming more efficient, and is powered by…
“# Kazakhstan to introduce new energy fees for crypto miners in 2022 ” As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners. President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed last a new law that imposes an additional tax fee…
“# China’s miner exodus a ‘big net positive for crypto,’ Mike Novogratz says ” As major miners are leaving China one after another following the country’s crackdown on Bitcoin (BTC), Galaxy Digital CEO Mike Novogratz has echoed other experts in seeing the migration out of China as a positive development. Novogratz explained on Bloomberg that…