Category: Environment

New York businesses ask governor to deny permits for crypto mining

October 18, 2021

Crypto Nanobot 0

Crypto mining’s environmental impact continues to raise concerns with regulators and businesses alike. 681 Total views 5 Total shares The New York State Governor Kathy Hochul has been asked by a group of local businesses to deny permits for converting the city’s old fossil-fuel power plants into crypto mining centers. The request comes in the […]

Continue Reading

The focus of the blockchain climate discussion is missing the point

October 2, 2021

Crypto Nanobot 0

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 withdraw its plans to accept BTC as payment for its electric cars. Both […]

Continue Reading

SEC boss tells EU Parliament crypto and fintech could be as disruptive ‘as the internet’

September 2, 2021

Crypto Nanobot 0

SEC chairman Gary Gensler promoted cooperation between Europe and The United States in seeking to regulate decentralized financial technologies. 4228 Total views 61 Total shares Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has appeared virtually before the European Parliament to share his policy recommendations regarding the regulation of crypto assets. […]

Continue Reading

Canadian investment firm plans to plant trees matching buys in Bitcoin ETF

August 27, 2021

Crypto Nanobot 0

The investment firm filed the application for its Bitcoin ETF with Canadian securities regulators in February. 2106 Total views 23 Total shares 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 […]

Continue Reading

ETH 2.0 will help Ether outpace Bitcoin, Pantera Capital CEO predicts

August 3, 2021

Crypto Nanobot 0

Ether has more potential than Bitcoin as a newer cryptocurrency, and the latest EIP 1559 will help the token trade more like a fixed asset, Pantera Capital CEO said. 938 Total views 7 Total shares Amid the looming Ethereum London hard fork, Pantera Capital CEO Dan Morehead predicted that the upcoming upgrade would likely help […]

Continue Reading

Cambridge and IEA data shows bitcoin carbon intensity peaked last year

July 2, 2021

Crypto Nanobot 0

Worst case projections seem to suggest that bitcoin emissions will be down by more than two-thirds in five years. 1541 Total views 6 Total shares According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked. […]

Continue Reading

Perlin (PERL) price gains 100% as the focus on green energy solutions intensifies

June 19, 2021

Crypto Nanobot 0

Generating momentum and attracting investor attention can be a challenge during the best of times in the cryptocurrency market and it is an even bigger challenge when the markets are choppy like the entire crypto ecosystem has been the past couple of months.  Despite the recent downturn, Perlin (PERL), which has managed to rally 140% […]

Continue Reading

Top mining, metals firms test blockchain to trace cobalt for electric cars

May 20, 2021

Crypto Nanobot 0

Miners Glencore, CMOC and Eurasian Resources Group, together with battery material supplier Umicore, are looking for ways to ensure the cobalt used for electric vehicles is traceable. 5164 Total views 12 Total shares Establishing responsible cobalt sourcing practices has become a major focus of attention for human rights groups, environmental researchers and others in recent […]

Continue Reading

Experts debate Bitcoin climate footprint in latest Cointelegraph Crypto Duel

April 30, 2021

Crypto Nanobot 0

In the latest Cointelegraph video debate, experts discuss pathways towards making Bitcoin more sustainable. 2697 Total views 29 Total shares In the latest Cointelegraph Crypto Duel, founder of Digiconomist Alex de Vries and CEO and founder of Blockchain for Climate Joseph Pallant debated the intensity of Bitcoin’s footprint and possible paths forward to reduce it.  […]

Continue Reading

All that mined is not green: Bitcoin’s carbon footprint hard to estimate

April 10, 2021

Crypto Nanobot 0

The debate around the environmental impact of the Bitcoin mining ecosystem is heating up once again as academics have provided a fresh dose of perspective on the subject. In an opinion piece written by Noah Smith, a former assistant finance professor turned columnist, took aim at the Bitcoin (BTC) mining industry in March, suggesting that […]

Continue Reading