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IMF Warns Ongoing War in Europe Will Have a ‘Severe Impact on the Global Economy’
7.3.2022
In a report published on Saturday, the International Monetary Fund (IMF) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global economy.” The IMF’s report says there is “extraordinary uncertainty” in the air,...
Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’
6.3.2022
While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of one ounce fine gold is nearing the $2K mark, benchmark coal prices have been surging, aluminum values broke...
Analysts Debate Economic Fallout Odds From Russia’s Invasion, Historian Says World May Face Worst Energy Crisis Since the 1970s
4.3.2022
While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown into the conversation. Reports concerning the U.S. economy note that risks of an economic recession are climbing, and energy market...
Genesis Digital Plans a 100% Clean Energy Mining Center in Sweden
4.3.2022
The new facility will be powered by a mix of hydro, nuclear and wind energy sources
Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation
3.3.2022
A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision sparked objections from the crypto community. MiCA Proposal...
How NFTs and the Metaverse Can Help Save the Planet
28.2.2022
The head of a leading South Korean cryptocurrency exchange has recently promised that its non-fungible tokens featuring the world-famous K-pop band BTS will be minted by “low carbon, eco-friendly” technology after receiving backlash from environmentally conscious young fans about...
China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims
26.2.2022
Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels...
European Parliament to Cancel Vote on Crypto Assets Framework
26.2.2022
The European Parliament will not hold a planned vote on crypto regulations after texts that can be interpreted as an attempt to ban coins with energy-intensive mining sparked negative reactions. The lawmaker leading the legislative effort says the matter needs clarification before MEPs can have...
Monster Energy files NFT and metaverse trademark applications
24.2.2022
The beverage maker has filed a total of four trademarks with the United States Patent and Trademark Office
EU Parliamentarians Push to Limit Bitcoin Use Over Energy Concerns
24.2.2022
A draft regulatory package calls for the restriction of cryptocurrencies that use proof-of-work consensus mechanisms
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims
24.2.2022
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation. Bitcoin...
Morgan Stanley Says Bitcoin Cannot Escape Energy Requirements
23.2.2022
Increased investor interest means that sustainability has become an important consideration for crypto, the bank said
Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms
23.2.2022
Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down...
Mining worldwide: Where should crypto miners go in a changing landscape?
19.2.2022
Which nations are the new harbors of miners, and where can Ether and Bitcoin be successfully — and profitably — mined in 2022?
Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners
17.2.2022
The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined calls to legalize the industry and utilize Russia’s strengths as a mining...
Bitcoin Mining Difficulty Hits Its 3rd All-Time High in a Row
17.2.2022
Bitcoin (BTC) mining difficulty has made another jump, hitting a new all-time high (ATH) – the third one in a row.
Further cutting into the miners' profit margins, the mining difficulty (the measure of how hard it is to compete for mining rewards) just went up 4.78%, reaching almost 27.97...
Bitcoin Miners Get Creative as Mining Difficulty Set for New All-Time High
16.2.2022
Bitcoin (BTC) miners are increasingly turning to creative methods to become more efficient, while at the same time attempting to improve the image of the electricity-guzzling industry. The new initiatives come as the difficulty of mining new BTC is already at it its highest level ever, and...
Russian Ministry wants to legalize Bitcoin mining in specific areas
15.2.2022
The proposal aims to recognize crypto mining as a commercial activity and introduce taxes on its realized profits
Are we misguided about Bitcoin mining's environmental impacts? Slush Pool's CMO Kristian Csepcsar explains
14.2.2022
In one instance, Bitcoin miners are helping oil companies cut flaring by using generators running on natural gas that would otherwise be burned into the atmosphere
Intel to Develop Crypto Mining Accelerators, Claims Circuits Will Deliver ‘1000x Better Performance per Watt’
12.2.2022
The California-based technology company and the world’s largest semiconductor chip manufacturer by revenue, Intel, has revealed the company will “contribute to the development of blockchain technologies” by offering “energy-efficient accelerators.” Intel executive...