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“# The focus of the blockchain climate discussion is missing the point ” As the nonfungible tokens craze took off at the start of the year, many climate-conscious artists vocalized their disapproval of Ethereum’s energy consumption. In May, Elon Musk then derailed Bitcoin (BTC), citing the energy consumed by Bitcoin as cause for Tesla to…
“# Charitable sustainable NFTs for the United Nations’ 17 SDGs ” In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. The United Nations General Assembly (UNGA)…
“# Canadian investment firm plans to plant trees matching buys in Bitcoin ETF ” Accelerate Financial Technologies is planning to match each investment in its pending Bitcoin exchange-traded fund with the planting of thousands of trees. According to a Friday report from Bloomberg, the Calgary-based investment services company has pledged to plant 3,450 trees for…
“# VeChain launches blockchain platform to encourage carbon data reporting ” Supply chain management platform VeChain has announced a new service for combining businesses to overhaul their carbon footprint data management practices. The new service, detailed in a Medium post on Thursday, combines decentralized ledger technology with a software-as-a-service (SaaS) business model. The Digital Carbon…
“# Clearing the air: Renewably sourced Bitcoin may ensure a clean energy future ” Bitcoin (BTC) may be the last thing one might consider when thinking about ways to ensure a clean-energy future. This has especially become the case following a tweet sent by tech entrepreneur Elon Musk back in May, in which he stated…
“# Crypto miner Argo Blockchain goes ‘climate positive’ on greenhouse gas emissions ” Cryptocurrency mining company Argo Blockchain announced Tuesday that it has reached an important milestone in its climate strategy, sending a strong signal that environmental sustainability remains one of its primary focuses. The company claims its crypto operations have become “climate positive” for…
“# Terra Virtua moves to Polygon blockchain, citing environmental concerns ” 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…
“# Measuring success: Offsetting crypto carbon emissions necessary for adoption? ” Debates regarding the amount of energy required to mine Bitcoin (BTC) have been ongoing. While tech pioneers such as Elon Musk have recently mentioned that the crypto industry is headed toward a greener future, some academic researchers have noted that mining BTC consumes more power…
“# Greenidge Generation will use BTC mining profits to build solar farm ” Bitcoin mining company Greenidge Generation is planning to increase the number of renewable energy sources available for use in New York. In a Thursday announcement, Greenidge said it would be using the profits from its Bitcoin (BTC) miners in the Finger Lakes…
“# Green energy crypto mining ETF launches on New York Stock Exchange ” An exchange-traded fund focusing on more environmentally friendly crypto mining operations and infrastructure has been launched in the United States. The new Viridi Cleaner Energy Crypto-Mining and Semiconductor ETF started trading on Tuesday, July 20, on the New York Stock Exchange under…