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Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners
8.10.2022
The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions have changed and the country needs the energy currently used by miners. Mining Firms...
Solar ‘Bazooka’ Bitcoin mine warms warehouse amid Europe’s energy crisis
6.10.2022
A warehouse in the Netherlands swapped out natural gas for Bitcoin miner heating — saving money, efficiency and the planet
First Mover Asia: BitMEX Shift From Hong Kong Reflects the Toll of Stringent Covid Policies; Bitcoin Trades Sideways Amid Energy, Employment Concerns
6.10.2022
The crypto exchange leased out a full floor of the prestigious Cheung Kong Center in 2018 but now relies increasingly on remote work. BitMEX’s largest office is now in Singapore. Bitcoin trades sideways
Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US Lawmaker
5.10.2022
Jared Huffman, a United States lawmaker who advocates for increased scrutiny of crypto-mining entities, has reportedly chastised U.S. energy agencies that he accuses of failing to act on the White House’s call on them to do “reliability assessments of current and projected...
Argentina's State-Owned Energy Company Moves Into Crypto Mining
3.10.2022
YPF is currently supplying power for a 1 megawatt operation and plans to launch a second project eight times larger before the end of the year
S&P Global Report Says EU and UK Are in a Recession, Putin Thinks the West Is Greedy
2.10.2022
Today’s blustery global economy has everyone on edge as inflation has wreaked havoc on the wallets of ordinary people and energy prices continue to soar worldwide. According to Credit Suisse, “the worst is yet to come,” as the global investment bank’s analysts believe...
‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels
2.10.2022
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from...
Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies
1.10.2022
New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and reduce what its sponsors label as uncontrolled consumption of electricity in the sector....
Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners
1.10.2022
Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly from the Russian power generation and distribution giant Inter RAO. Miners...
Paraguayan Senate Rejects Presidential Veto to Cryptocurrency Bill
30.9.2022
The Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2. The Senate defended the initiative, stating that passing the bill would benefit the country due to its effect on tracking the energy consumption of crypto...
Germany’s Inflation Hits Double Digits for the First Time Since WWII, Parliament Reveals $195B Subsidies Package to ‘Make Prices Drop’
30.9.2022
Following the Covid-19 pandemic, the massive amount of stimulus, and amid the Ukraine-Russia war, Germany’s inflation has soared. Official data from Germany’s consumer price index (CPI) indicates that inflation jumped to a 10.9% annual pace in September and it’s the first time...
Researchers allege Bitcoin's climate impact closer to 'digital crude' than gold
30.9.2022
Bitcoin mining raises a “set of red flags for any consideration as a sustainable sector,” according to researchers
Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power
29.9.2022
Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones...
Research Finds Bitcoin Mining Equates to 0.10% of Global Greenhouse Gas Emissions
27.9.2022
According to a recent report published by the Cambridge Centre for Alternative Finance (CCAF), bitcoin mining worldwide accounts for around 0.10% of global greenhouse gas (GHG) emissions or 48.35 million tons of carbon dioxide per annum. Moreover, CCAF’s report details that...
Nuclear and gas fastest growing energy sources for Bitcoin mining: Data
27.9.2022
Some governments can negatively impact Bitcoin's environmental footprint by banning BTC mining, according to new data from Cambridge
British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike
26.9.2022
The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal U.S. dollars per unit, but rebounded against the greenback to 1.0775 by 11 a.m. Monday...
B Riley to Take $100 Million Equity Stake in Publicly Listed Bitcoin Miner Iris Energy
26.9.2022
Publicly traded sustainable Bitcoin (BTC) mining firm Iris Energy has signed a deal with investment bank B. Riley Financial per which the latter can buy up to $100 million in equity over the next two years.
According to the filing with the US Securities and Exchange Commission (SEC), B. Riley...
WEF Launches Crypto Sustainability Coalition to Leverage Web3 Technologies in Climate Change Battle
26.9.2022
The World Economic Forum (WEF) has launched the Crypto Sustainability Coalition, an initiative dedicated to assessing the role of Web3 technologies in the fight against climate change. The organization, which is composed of 30 companies, educative groups, and other institutions, will research...
Nicolas Maduro Tempts West With an Abundance of Oil and Gas, Venezuelan President Wants Sanctions Lifted
25.9.2022
Amid the economic rumblings across the world and the energy crisis in Europe, Venezuelan president Nicolas Maduro has said his country is ready to step up and help with oil. Despite the fact that Venezuela has the largest supply of crude oil in the world, U.S. economic sanctions imposed in 2019...
Is post-Merge Ethereum PoS a threat to Bitcoin's dominance?
25.9.2022
Cory Klippsten, the CEO of Swan Bitcoin, shares his views on how "the competition for liquidity" between Bitcoin and Ethereum will play out after the latter's switch to a proof-of-stake system