environment
White House Suggests Banning Proof-Of-Work Crypto
The Biden administration believes that crypto asset mining consumes a lot of electricity. The White House researchers are urging crypto miners to explore greener alternatives.
Clearbot Revolutionizes Water Cleanup with Autonomous AI Technology
Clearbot, founded by Hong Kong graduates, uses NVIDIA Jetson technology for autonomous, efficient waterway cleanup, tackling ocean pollution with AI-driven boats.
UN Research Unveils Bitcoin's Environmental Toll Beyond Carbon Emissions
A UN study reveals Bitcoin mining's significant environmental impact, including carbon emissions, water and land damage, and heavy reliance on fossil fuels. It calls for urgent regulatory and technological interventions to promote a sustainable digital currency ecosystem.
Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information
Virginia Tech study reveals ChatGPT's limitations in providing local-specific info on environmental justice, highlighting geographic biases.
Bittrex to Shut Down U.S. Platform
Bittrex will close its U.S. platform on April 30, citing the current regulatory and economic environment. Customer funds are safe and available for withdrawal. The shutdown will not affect Bittrex Global, which will remain open for trading.
European Commission Unveils Strategy to Lead Web 4.0 and Virtual Worlds
A new strategy for Web 4.0 and virtual worlds has been unveiled by the European Commission in an effort to steer the next technological revolution and guarantee a safe, open, and welcoming online environment for individuals, organizations, and government agencies across the EU.
Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition
Hive Digital Technologies acquires a data center in Boden, Sweden, enhancing its Bitcoin production and affirming its commitment to green energy and AI.
CFTC Whistleblower Program Gains Traction with $16 Million Awarded in 2023
The CFTC's Whistleblower Program in 2023 awarded $16 million to whistleblowers, contributing to over $3 billion in enforcement sanctions. Recognizing their role in combating financial fraud, the program now focuses on environmental fraud through a task force.
Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy
Marathon Digital Holdings and Nodal Power are launching a 280 kW Bitcoin mining pilot project in Utah, converting harmful methane emissions into electricity for sustainable mining.
US Senator Questions Bitcoin Mining Firm on Environmental Impact
US Senator Elizabeth Warren questioned bitcoin mining firm Greenidge Generation Holdings about the impact of its operations on power prices, climate change and the local area as part of her efforts to tackle the negative consequences of cryptocurrency mining on the environment.
SEC Chair Gensler Faces Congressional Pressure Over EU Coordination and Lack of Transparency
The House Committee on Oversight and Accountability has intensified scrutiny on SEC Chair Gary Gensler over the SEC's coordination with the EU on legislative matters and a perceived lack of transparency. The discord, highlighted in a letter dated October 12, 2023, follows a pattern of communication deadlock between the SEC and Congress, with implications on broader legislative and regulatory frameworks. The Committee expects more forthright engagement from the SEC by October 19, 2023, threatening compulsory processes for compliance.
SEB and Credit Agricole launch digital bond platform on blockchain
Skandinaviska Enskilda Banken (SEB) and Credit Agricole have launched a blockchain-based platform called "so|bond," which allows institutional clients to issue, trade and settle bonds digitally. The platform uses a validation protocol called "Proof of Climate awaReness," which minimizes its environmental footprint while incentivizing nodes to improve their environmental impact.
Riot Blockchain's Texas Mining Operations Disrupted by Winter Storms
Riot Platforms' 2023 hash rate ambitions were slowed by Texas winter weather.
British Columbia Court Upholds Government's Temporary Ban on Cryptocurrency Mining Electricity Supply
British Columbia's Supreme Court upheld a temporary suspension of electricity supply to new cryptocurrency mining operations, emphasizing the government's role in balancing energy demands with sustainability goals.
Bittrex to Wind Down US Operations
Cryptocurrency exchange Bittrex will wind down its US operations due to regulatory and economic challenges. US customers are advised to withdraw their funds by April 30, 2023.
Can Cryptocurrencies Help Solve the Global Environmental Crisis?
Cryptocurrencies have come a long way since the inception of Bitcoin in 2009. From being viewed as a mere experiment, they have become a mainstream asset class with a market capitalization of over $2 trillion. However, as the popularity of cryptocurrencies continues to grow, so does the scrutiny surrounding their environmental impact.
Ash Environmental DAO Announces Ash Token Sale to Champion Social Good
Ash Environmental DAO has announced the dates of its token sale. The event will run from April 17 to May 7, giving participants the chance to purchase the Ash token and become part of a global ecosystem committed to funding high-impact innovations to address real-world challenges.
New Wave of Green Energy Programs Influence Crypto Mining Sector
The mass exodus of crypto mining operations out of China based on intensified crackdowns has triggered the urge for sustainable and environmentally friendly mining activities.
Square Says It Has No Plans of Purchasing More Bitcoin After $20 Million Loss
Following Tesla's announcement that it will halt Bitcoin payments, Square disclosed that it had no intentions of buying more Bitcoin.
Ripple Co-Founder Proposes Alternatives to Proof-of-Work Model to Make Bitcoin More Sustainable
Many industry experts have addressed the issue of sustainability, and how the current Bitcoin network can be tweaked to achieve better energy efficiency.
New York Seeks to Stop Bitcoin Mining For 3 Years Until Environmental Impact Assessment Done
A new bill could force crypto firms to halt their Bitcoin mining activities in New York state.
United Nations Showcases NFTs Meant to Foster Climate Change Awareness
The United Nations, through its UN-Habitat program, is taking advantage of NFTs to create awareness about the global climate crisis through an initiative called DigitalArt4 Climate.
Unclear Crypto Regulations in South Africa Alarm Entrepreneurs
Cryptocurrency regulation is still largely unclear in South Africa, creating a strenuous business environment for crypto entrepreneurs.
Ripple CEO Disagrees with Coinbase CEO's Apolitical Work Policy, Considers Relocating Overseas
Coinbase CEO Brian Armstrong has banned political discussions in the crypto work environment, a move that Ripple CEO Brad Garlinghouse disagrees with.
Nigeria Eyes New Regulatory Framework to Boost Crypto and Blockchain Adoption
Nigeria’s Ministry of Finance is collaborating with the nation’s capital market watchdog, to provide a new regulatory environment for the blockchain and crypto space.
Brazil Highlights Blockchain Technology as a Digital Strategy Goal
Last week, Brazil unveiled its Digital Government Strategy that highlighted the use of distributed ledger systems and blockchain technology to transform major parts of the economy, especially in a post-COVID-19 environment.
Pantera Capital CEO Dan Morehead Predicts Bitcoin Price Rebound Despite Slow Economic Recovery
In an investor letter, Dan Morehead Pantera Capital CEO explained why the current market environment could be a boom for Bitcoin as investors seek new opportunities.
April 23: ETH Eating The Stablecoin World
Will ETH-inspired rally continue to drive the market? Will oil stabilize despite a fundamental short-term storage environment with a popular flawed ETF product? Will halvening next month start getting the market excited? Bottom line: mixed messaging.
Beyond Banking: DBS Bank’s Digital Transformation into Smarter ‘Phygital’ Banking Services
In 2019, despite facing an increasingly challenging and uncertain environment, especially the second half of last year, DBS achieved a record performance and successfully launched DBS’ First Fully Virtual Wealth Management Account Opening Solution.
Bakkt BTC Options Trading Falls To Zero: What Does This Mean for Mainstream Adoption?
The impetus behind Bakkt was to create a safe and regulated environment where larger institutions, corporation and investors would feel comfortable leveraging for access to the nascent crypto market. The trading volume or lack thereof seems to indicated that these larger investors are still weary of cryptocurrency.
China Unveils Blockchain Services Network Aimed to Build Ecosystem Along with Hyperledger, Ethereum and EOS
Hyperledger Fabric, Ethereum, EOS, ChainSQL, WeBank’s FISCO BCOS, and Baidu’s Xuperchain are also planned to be added to the “ecosystem play,” and “internet environment,” as explained by Zhiguang Shan, the Chairman of the BSN’s Development Association. This network of blockchains will be available for those who are interested to take part in it, including small to medium-sized businesses.
Bitclub Crypto Ponzi Scheme Suspects Petition Court For Release Citing Coronavirus Fears
Two men accused of operating a crypto Ponzi scheme, the BitClub Network, which defrauded thousands of investors out of $722 million, have requested a New Jersey federal court to grant them a temporary release. The two prisoners have petitioned a New Jersey federal judge as they fear they could contract the coronavirus if they are not freed from the enclosed county jail environment.
Love is in the Chain: Could Blockchain be the Solution to People's Dating Woes?
The dating scene, as it exists today, is a minefield. Fake profiles, catfishing, scammers, and just plain old rudeness puts many people off the very act of dating. But a relatively recent newcomer into the tech field might just be the solution to the inherent problems of today's dating environment. Can blockchain technology dating's best friend?
Dell Uses VMware’s Blockchain Solutions to Track Recycled Packaging Materials
Waste management is one of the main challenges after global warming, which affects the natural environment. Dell is committed to developing solutions to enable better waste management. Recently, Dell partners with VMware to track recycled packaging materials using blockchain.