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Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining

24.5.2021
When billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity as well as its impact on the environment. In fact...

Greenpeace Has Stopped Accepting Bitcoin Donations Due to Network’s Environmental Impact

23.5.2021
Greenpeace, the ecological NGO, has stopped accepting bitcoin donations due to the big impact the cryptocurrency network has on the environment. The organization, which was one of the first NGOs to add bitcoin to its donations arsenal, has now backpedaled due to the growing energy consumption...

Ark Invest: Bitcoin Mining Net Positive to Environment, Concerns of BTC’s Energy Consumption Are Misguided

18.5.2021
Following concerns raised by Tesla CEO Elon Musk about Bitcoin’s energy consumption, global asset manager Ark Investment Management explained that the concerns are “misguided.” Referring to its research using real-world data, the investment firm emphasized that “the impact...

Banking system consumes two times more energy than Bitcoin: research

17.5.2021
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year

Mark Cuban to Elon Musk: Accepting Bitcoin Will Actually Benefit the Environment

16.5.2021
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has made an argument that accepting cryptocurrencies, including bitcoin, will actually help the environment. He told Elon Musk, whose electric car company Tesla has suspended accepting bitcoin, citing environmental...

John Lennon’s Son Defends Bitcoin- Musician Highlights Carbon Footprint Tied to Consumerism

16.5.2021
Over the course of the last week, the concern tied to the environmental impact bitcoin mining produces continues to be a very topical discussion. On May 14, the musician and activist, Sean Ono Lennon, the son of John Lennon and Yoko Ono, said that he’s more concerned with consumerism than...

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars

16.5.2021
This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used...

Low Energy Proof-of-Work: Bitcoin Improvement Proposal Wants to Change Network’s Algorithm

15.5.2021
The most topical conversation in the world of cryptocurrencies right now is the effects of bitcoin mining on the global environment after Elon Musk heated up the conversation. Following the recent Tesla announcement, the cofounder of Siphox and Powx, Michael Dubrovsky, revealed the nonprofit Powx...

Bitcoin Markets Blood Red After Tesla Announcement, Crypto Economy Sheds Billions

13.5.2021
Digital currency markets have seen better days, as billions of dollars were shaved off the entire crypto-economy after Tesla revealed it would not be accepting bitcoin over environmental concerns. The entire market capitalization of all the crypto assets in existence has dipped under the...

Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies

12.5.2021
A European country in the Balkans region could start regulating the crypto environment within its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history. Bill Aims...

Bank of Russia Tests Services Related to Cryptocurrencies

9.5.2021
Russia’s central bank has examined three platforms offering crypto-related services. The projects have been tested in its regulatory sandbox in the course of 2020. Bank of Russia has received dozens of requests to pilot various financial services since it created the closed regulatory...

Venezuelan Minimum Wage Reaches $3 as More Venezuelans Take Refuge in Cryptocurrencies

5.5.2021
The president of Venezuela, Nicolas Maduro, approved a minimum wage raise increase last week that took it to three dollars monthly, a very low income for the citizens of the country that are facing a strong economic crisis since 2013. However, the crypto environment has been growing, and...

Phuture Raises $1.5m in Seed Funding to Launch Indexing Protocol on Ethereum

3.5.2021
PRESS RELEASE. Phuture, a decentralised protocol built for the creation and investment of passive index strategies in a Web3 environment, today announced that it has completed its private seed round fundraise. The round, led by Ascensive Assets, raised a total of $1.5 million. Once live, Phuture...

Comedian Bill Maher excoriates environmental impact of crypto

2.5.2021
The mention of Dogecoin still got a few cheers from the socially distanced audience

Experts debate Bitcoin climate footprint in latest Cointelegraph Crypto Duel

30.4.2021
In the latest Cointelegraph video debate, experts discuss pathways towards making Bitcoin more sustainable

Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work’s Energy Consumption

25.4.2021
Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other...

Former Employees From Major South Korean Firms Quit Their Jobs After Pocketing Millions in Crypto Profits

24.4.2021
South Korea’s crypto-sphere has been witnessing a volatile environment in terms of regulatory moves, as bitcoin prices and other altcoins are also having wild moves. Such a scenario hasn’t stopped the country’s middle class to profit from the crypto market, even with very...