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“# Green energy tokens capitalize on Tesla’s decision to nix Bitcoin payments ” After months of touting the benefits of Bitcoin (BTC) and blockchain technology, Tesla CEO Elon Musk shocked the crypto Twitter on May 12 by announcing that the electric car company would suspend its accepting BTC as a form of payment, citing concerns…
“# Beijing investigates crypto mining farms to improve energy efficiency ” Beijing authorities are reportedly conducting inspections of crypto mining data centers to better understand their impact on energy consumption, Reuters reports Thursday. The Beijing Municipal Bureau of Economy and Information Technology on Tuesday sent an emergency notice to the city’s data center operators asking…
“# Former gov’t official blames crypto mining for energy crisis in Kyrgyzstan ” Amid growing concerns over the energy sector in Kyrgyzstan, a former government official has argued that cryptocurrency mining is a major factor driving the energy crisis. Daniyar Akmatov, former director of the state investment protection organization, the Investment Promotion and Protection Agency,…
“# The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining ” Tesla — a top 10 company in the Fortune 100 that is run by one of the world’s wealthiest people, Elon Musk — transferred $1.5 billion of its treasury cash into Bitcoin (BTC) in early February. Musk’s Bitcoin purchase startled traditional investors, who…
“# Asia-Pacific’s solarized digitalization agenda in pandemic times ” The virtual 7th Asia-Pacific Climate Change Adaptation Forum was jointly hosted by the Ministry of the Environment of Japan and the Asia Pacific Adaptation Network with the theme “Enabling Resilience for All: The Critical Decade to Scale-up Action.” The forum took place in March and was…
“# Crypto mining will be a bridge to 100% renewable energy production, says Mike Colyer ” Mike Colyer, CEO of Foundry Digital, a crypto mining subsidiary of Digital Currency Group, says that mining Bitcoin could eventually help the world transition to green energy. Speaking at the Crypto Mining Forum online event today, Colyer said he…
“# Alliance of major firms aims to reduce crypto’s carbon footprint ” A group of more than 20 firms comprising crypto, finance, technology, energy, and non-government organizations has banded together to focus on the environmental impact of cryptocurrency. In an announcement today, the Crypto Climate Accord — reportedly inspired by the 195-signatory Paris Climate Agreement…
“# UK Bitcoin mining revenues soar but China hogs 75% of ‘blood coin’ production ” United Kingdom-based Bitcoin (BTC) mining firm Argo Blockchain just recorded the best quarter in its history, generating record revenues for three months straight. Yet despite the burgeoning cryptocurrency mining venture emerging in the west, the vast majority of Bitcoin production…
“# No ‘blood coin’ for Kevin O’Leary as investor takes stand on Bitcoin energy consumption ” Shark Tank and Dragon’s Den personality Kevin O’Leary is taking a stand against what he terms “blood coin,” that being Bitcoin (BTC) mined in China. The investor declared that he would only deal with “clean coin” — coins mined…
“# Blockchain-based renewable energy marketplaces gain traction in 2021 ” Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to…