Category: Environment

‘Buy Bitcoin, plant a tree, lower your time preference’: a Sequoia story

June 16, 2022

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When the market falls faster than a tree in the forest, the phrases “zoom out,” and “lower your time preference,” take root. “Zoom out” refers to taking a break from the omnipresent price charts that populate news feeds and Twitter threads. Consider looking at the price of Bitcoin (BTC) over the past five years–as opposed […]

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Bitcoin and banking’s differing energy narratives are a matter of perspective

June 11, 2022

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The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the emissions generated due to a company’s cash and investments, such as cash, cash equivalents and marketable securities. The report revealed that for […]

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IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

June 8, 2022

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In addition to eco-friendly components, the IMF recommended central banks to include other features in the CBDCs, such as compliance, higher resilience and offline capabilities. 40 Total views 12 Total shares An International Monetary Fund (IMF) study on energy consumption revealed the importance of design choices within the crypto ecosystem to build an environmentally friendly […]

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Environmental groups urge US government to take action on crypto miners

May 10, 2022

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Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits. 1698 Total views 51 Total shares A group of eight organizations focused on the environment have called on different government agencies under the Biden administration to implement new approaches in response to […]

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Law Decoded: Competing narratives around crypto clash on the Earth Day, April 19-26

April 25, 2022

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The future of crypto adoption will largely depend on which of the competing narratives about digital assets and blockchain’s environmental effects prevails. 700 Total views 15 Total shares Regulation by enforcement, a fast and economical substitute for thorough rulemaking, is widely regarded as some of the U.S. executive agencies’ preeminent approach to crypto regulation. It […]

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Wikimedia community supports proposal to stop foundation from accepting crypto donations

April 13, 2022

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The arguments in favor included environmental concerns surrounding Bitcoin transactions and “the risk to the movement’s reputation for accepting cryptocurrencies.” 1384 Total views 24 Total shares Requests for comments on a proposal urging the Wikimedia Foundation to stop accepting donations in cryptocurrency have closed, with the majority of users voting in favor. According to a […]

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Seven times Bitcoin miners made the world a better place

April 9, 2022

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What do a swimming pool, beef jerky, a caravan, timber, animal waste, a Guatemalan lake and a high school have in common?  They’ve all been saved by Bitcoin (BTC) mining. From reusing “waste” heat to getting the job done — to receiving a cool blast of air to dehydrate meat, to cleaning up pollutants, Bitcoin […]

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Intergovernmental Panel on Climate Change calls cryptocurrency CO2 emissions a ‘growing concern’

April 4, 2022

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The group said that all technologies — seemingly including crypto — had the potential to enable emissions reductions as well as increased emissions based on how they were governed. 1351 Total views 25 Total shares The United Nations arm aimed at assessing the science related to climate change, the Intergovernmental Panel on Climate Change, or […]

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Bengal Energy to mine Bitcoin using ‘stranded wells’ in Aussie outback

March 31, 2022

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Canadian oil and gas miner Bengal Energy, is set to begin its trial project of accessing formerly “stranded” gas wells with portable Bitcoin mining rigs. 2428 Total views 35 Total shares Canadian oil and gas company Bengal Energy, is dipping its toes into Bitcoin (BTC) mining as a way of utilizing the untapped energy from […]

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Green and gold: The crypto projects saving the planet

January 11, 2022

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It seems as though the potential benefits of cryptocurrency are often overshadowed by the technology’s inherent vulnerability to exploitation.  And it’s true, crypto adoption does come with risks. Over the past year, governments from around the world have raised concerns that crypto could be used to finance terrorism or other illicit activity like money laundering. […]

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