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“# Chinese hydropower plants on sale as crypto miners move abroad ” Small-scale hydroelectric plants in China are reportedly looking for new customers as crypto miners go abroad amid a nationwide crackdown on mining activity. According to the South China Morning Post (SCMP), advertisements for small-scale hydro plants with 50-megawatt capacity have surged on Chinese…
“#Duke Energy’s botched war of words” Efforts to defend Duke Energy from a proxy campaign led by billionaire Paul Singer have recently taken two quiet steps backwards. Last month, Singer’s hedge fund Elliott Management urged the utility to split its $78 billion electric-and-gas empire into three companies — an unusual proposal in an era of…
“# Winklevoss’ Gemini buys carbon credits to cut Bitcoin’s CO2 footprint ” Gemini, a major cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is responding to Bitcoin’s (BTC) environmental issue by purchasing carbon credits. On Thursday, the company announced its long-term initiative to incorporate climate-conscious measures into its business, launching a collaboration with Climate Vault, a…
“#Oil may hit $100 a barrel amid volatility, say energy CEOs” Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday. “There is quite a chance to reach $100, but we could see again in the coming…
“# UN sees blockchain technology as tool to fight climate crisis ” Amid ongoing concerns over Bitcoin’s (BTC) carbon footprint, the United Nations has said out that cryptocurrency’s underlying technology has massive potential for fixing global issues like climate change. The UN will keep exploring the uses of blockchain technology as a way to fight…
“# Denied electricity, world’s 5th-largest mining pool leaves China for Kazakhstan ” BTC.com — a major crypto mining pool that is operated by BIT Mining and owned by the NYSE-listed Chinese lottery service provider 500.com — has announced the successful relocation of its first batch of mining machines to Kazakhstan. BTC.com was founded by Jihan…
“# City in Sichuan reportedly orders crypto miners to shut down for investigation ” Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province has reportedly halted local Bitcoin (BTC) mining farms. Authorities in Ya’an City, a prefecture-level city in the western part of Sichuan province, have ordered local Bitcoin mining…
“#Trump blasts Biden-Putin summit saying ‘good day for Russia’” Former President Donald Trump said Wednesday night that his successor’s summit meeting with Russian President Vladimir Putin was “a good day for Russia” and added that “I don’t see what we got out of it.” “We didn’t get anything. We gave a very big stage to…
“# One River Digital sees spike in demand for carbon neutral Bitcoin ” Institutional investors have been showing a stronger appetite for a carbon-neutral Bitcoin (BTC) investment solution by One River Digital Asset Management. One River Digital, a crypto-focused hedge fund offering exposure to Bitcoin and Ether (ETH), announced Wednesday that an “overwhelming majority of…
“# El Salvador’s president wants to build volcano-powered crypto miners ” Nayib Bukele’s plans for crypto in El Salvador are still in motion, with the president now calling for a geothermal power company to make certain facilities available to Bitcoin miners. In a Wednesday tweet from Bukele, the president said he would be instructing Mynor…