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” Could Bitcoin miners’ troubles trigger a ‘death spiral’ for BTC price? “ A July 9 post by @PricedinBTC on the “cost to mine Bitcoin” in the United States gathered the crypto community’s attention, especially considering the recent headlines that BTC miners have made. The crypto bear market and growing energy costs have caused a…
” Bengal Energy to mine Bitcoin using ‘stranded wells’ in Aussie outback “ Canadian oil and gas company Bengal Energy, is dipping its toes into Bitcoin (BTC) mining as a way of utilizing the untapped energy from its gas wells in the far reaches of the Australian outback. According to a report from The Australian,…
” Stranded no more? Bitcoin miners could help solve Big Oil’s gas problem “ The energy usage and environmental impact of Bitcoin (BTC) mining have been frowned upon and been under the scanner by various international financial institutions. The International Monetary Fund (IMF) mentions how Bitcoin mining consumes “vast amounts of computing power and electricity.”…
“# Russian officials consider proposal to mine Bitcoin with associated gas ” The Russian government is considering a new project to mine Bitcoin (BTC) with associated petroleum gas. Vasiliy Shpak, Deputy Minister of Industry and Trade of Russia, has reportedly filed a proposal with the Russian central bank and the Ministry of Digital Development to use…
“# The future of the vast oil and gas industry depends on blockchain ” The age of digital transformation has arrived, leading traditional industries to adopt new technologies to accommodate a fully digital future. As such, it shouldn’t come as a surprise that the trillion dollar oil and gas industry has quietly started to leverage…
“# Saudi Aramco dismisses ‘false and inaccurate’ rumors on Bitcoin mining ” The Saudi Arabian Oil Company (Saudi Aramco) stirred interest among crypto enthusiasts last year after investing $5 million in blockchain-based oil trading company Vakt. While this move aimed to digitize and streamline post-trade processing, Saudi Aramco was also rumored to undertake Bitcoin (BTC)…
“# Different kind of gas fees — Electrocoin enables crypto petrol payments in Croatia ” Crypto-payment processing firm Electrocoin is partnering with a local oil and gas company in Croatia to allow drivers to pay for a full tank using crypto. According to Croatian news outlet Poslovni dnevnik, people needing to gas up their vehicles…
“# Synthetic dreams: Wrapped crypto assets gain traction amid surging market ” Amid all the excitement of crypto’s biggest bull run in history, some assets have been outperforming even the current high-performing market. In particular, Synthetix (SNX) has been on an epic tear, leading the growth of the whole niche. The news of a Coinbase…