greenidge generation holdings
New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis
Greenidge’s 65,000-square-foot facility was initially built in 1937 as a coal plant before eventually being closed down in 2011. The plant remained dormant for five years before Atlas Holdings, Connecticut-based private equity company, converted it into a natural gas plant in 2016 to generate clean energy. Because of the high power that crypto mining machines use in their operations, countries have initiated stricter measures to discourage miners from conducting their mining activities. Some of these measures involve increased electricity fees, which have compelled most miners to move to other cities with favorable electricity billing.
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.
Bitcoin is Teaching Generation Z How to Properly Save, says 10T Holdings Co-Founder
Dan Tapiero, the co-founder of digital asset firm 10T Holdings, has disclosed that Bitcoin is playing an instrumental role in teaching Gen Z how to save.
Ripple Most Likely to Relocate Blockchain Firm to Japan Over Other Countries, Says SBI Holdings CEO
It appears that blockchain firm Ripple Labs may favor Japan over other locations when considering new headquarters outside of the United States.
FCH Network Develops the Next-Generation Blockchain Alternative to Solve Current Problems of DLT
Since 2008 when the Bitcoin blockchain was founded by Satoshi Nakamoto, the distributed ledger technology has undergone comprehensive progress. Most significantly, the establishment of smart contracts to the Ethereum blockchain created an entirely new technological setting. But most of these development efforts face significant roadblocks that limit wide applications of blockchain technology in various industries. With this regard, FCH develops the next-generation blockchain alternative to fix current issues of the distributed ledger technology.
China to Dominate Global Tech Standards? Expert says “It Would be Tough”
China announced a new 15-year blueprint as part of the country’s global technology push, to set the global standards for the next-generation of technologies, including blockchain.
US Tax Office Warns Coinbase Users To Declare Crypto Holdings Before IRS Clampdown
The IRS may soon start clamping down on crypto users particularly those affiliated with Coinbase exchange who do not properly report their crypto holdings.
Mike Novogratz Intends to Donate Most of His Bitcoin Holdings to Charity, But With a Condition
Mike Novogratz has stated that he would be donating most of his Bitcoin (BTC) holdings to charity.
Russian Civil Servants Required to Declare Crypto Holdings Beginning in 2021
Russia’s public officials will be obligated to declare all their private cryptocurrency and digital asset holdings, effective from the start of 2021.
SBI Holdings Supports Ripple, says that XRP is not a Security in Japan
While many in the crypto industry have moved away from XRP, SBI Holdings has made it clear that it is still a firm supporter of Ripple.
IOTA’s Next Generation Wallet—Firefly: What New Features to Expect
Firefly, the new wallet comes with a range of improvements that will transform IOTA into an enterprise-ready protocol.
SEC Report Reveals MicroStrategy “May Increase” its Bitcoin Holdings Beyond Initial Purchase of $250 Million
Microstrategy has revealed in its United States Securities and Exchange Commission (SEC) report that it “may increase” its Bitcoin (BTC) holdings.
OKG Holdings Says OKEx Founder Investigation Won't Impact Business, OKB Price Plunges Further
OKG Technology Holdings Limited has announced that operations won't be affected, despite the PRC investigation into controlling shareholder and OKEx Founder Star Xu.