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“# Algorand pledges carbon-negative blockchain ” Smart contract platform Algorand plans to achieve a carbon-negative network by implementing a “sustainability oracle” in partnership with ClimateTrade, in a move that could make blockchain adoption more environmentally friendly. The partnership, which was announced Thursday, enables Algorand to notarize its on-chain carbon footprint and then lock the equivalent…
“# Texas wants to protect privacy elements of blockchain companies, says Blockcap ” Crypto mining company Blockcap, which recently announced it would be setting up new offices in Austin, says Texas could become an alluring region for the industry. In an exclusive interview with Cointelegraph, Blockcap founder and executive chair Darin Feinstein said the firm…
“# Governments can stop Bitcoin by shutting down mining, says Electric Capital exec ” Electric Capital co-founder and partner Curtis Spencer implied that the Bitcoin network may owe its continued existence to the grace of world governments. In a panel at the Collision web summit on Tuesday, Spencer said lawmakers are the ones giving Bitcoin…
“# Bitfarms estimates Argentinian facility will reduce BTC mining costs by 45% ” Canadian Bitcoin mining firm Bitfarms has updated its plans for expansion in South America, revealing it has secured an eight-year contract to draw up to 210 megawatts, or MW, of electricity for $0.022 per kilowatt-hour, or kWh. According to an April 19…
“# Did a massive Chinese power outage cause Bitcoin’s crash down to $50k? ” Woo noted reports identifying the blackouts were published late last week, with the power outages occurring to facilitate safety inspections in response to a recent flooding accident at a local coal mine that saw 21 miners temporarily trapped underground after power…
“# Bitcoin hash rate hits record 200 EH/s in fresh BTC price bull flag ” Bitcoin (BTC) has seen a classic indicator of a coming bull run pass a historic milestone as miners commit more and more resources to its future. According to data from on-chain monitoring resource Glassnode on Friday, Bitcoin’s network hash rate…
“# Bitmain’s new Ether ASIC mining rig may not fix GPU shortage after all ” Cryptocurrency mining rig manufacturer Bitmain announced the pending release of a new Ether (ETH) miner on April 16. The Antminer E9 model is an application-specific integrated circuit chip, which will run on the Ethereum blockchain’s Ethash algorithm. No official release…
“# Chinese mining pools’ hash power plummets amid regional blackouts ” The hashing power of top Bitcoin mining pools located in Northwest China appears to have plummeted due to a regional blackout to enable safety inspections. The news was reported by Wu Blockchain, the author of Chinese crypto newsletter Wublock, who noted significant drops in…
“# Our Man in Shanghai: Coinbase listing scorned, graphics cards seized, nostalgia coins rule ” It was a relatively quiet week in China’s blockchain space as events were overshadowed by the surge in the BTC price and the Coinbase direct listing in the U.S. Many locals reacted with surprise to the news, showing that exposure…
“# Chinese investors reboot Iranian Bitcoin mining facility ” After four months of closure, Iran’s largest Bitcoin mining facility is set to resume its operations. According to a report by IranWire, the decision to restart operations at the Bitcoin mining farm was due to massive financing put up by Chinese backers. Located in Rafsanjan, a…