environment

What Happened: Over the weekend, crypto markets rallied after Elon Musk tweeted that Tesla Inc (NASDAQ: TSLA) would resume accepting Bitcoin (CRYPTO: BTC) for payments when clean energy usage by miners was confirmed to be over 50%. “When there’s confirmation of reasonable (~50%) clean...

The World Bank will not help El Salvador implement a transition to Bitcoin (CRYPTO: BTC) after the country moved to adopt the cryptocurrency as legal tender. What Happened: According to a report from Reuters, the organization cited environmental and transparency issues with Bitcoin as the...

What Happened: Only a day after passing a bill to make Bitcoin (CRYPTO: BTC) a legal tender in El Salvador, the nation appears to be moving towards harnessing renewable energy from its volcanoes to mine the cryptocurrency. The country’s president Nayib Bukele said in a Tweet that he had...

What Happened: In a senate hearing on Wednesday, U.S Senator Elizabeth Warren called for lawmakers in the country to take a more direct approach to address the problems posed by cryptocurrencies. "Cryptocurrency has created opportunities to scam investors, assist criminals, and worsen the...

Algorand (CRYPTO: ALGO) is focusing on its green credentials and hoping to attract the attention of environmentally-conscious companies, such as Elon Musk's electric car manufacturer Tesla Inc. (NASDAQ: TSLA). What Happened: In May, Musk announced that Tesla would no longer...

Amidst a new wave of efforts to combat the concerning environmental impact of mining cryptocurrencies, Blockfolio recently proposed “a hot tub that's heated by mining dogecoin” and called for Elon Musk to “just make it happen.” What Happened: The Tesla Inc (NASDAQ: TSLA...

Ethereum’s founder Vitalik Buterin believes that the shift to a Proof-Of-Stake (PoS) mining model would greatly reduce the cryptocurrency’s carbon footprint. What Happened: Proof-of-stake is a solution to the [environmental issues] of Bitcoin—which needs far less resources to...

Bitcoiners around the world aren’t convinced that Elon Musk is the right person to lead the debate around “cleaner Bitcoin mining.” What Happened: In an interview with Bloomberg TV, popular Bitcoin (CRYPTO: BTC) proponent and partner at Castle Island Ventures Nic Carter said that...

A Dutch court ruled on Wednesday that Royal Dutch Shell (NYSE: RDS-A) is partially responsible for climate change. The district court in The Hague ordered Shell to reduce its carbon emissions by 45% by 2030 as compared to 2019 levels. The ruling is in accordance with the United Nations Paris...

Last week, Chinese regulators decided to crack down on the mining of Bitcoin (CRYPTO: BTC) and other cryptocurrencies partly due to environmental concerns and a surge in the illegal coal extraction. What Happened: According to Fortune, Chinese authorities pushed against crypto mining...

Cathie Wood’s Ark Investment Management believes that concerns such as Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk’s over Bitcoin’s (BTC) energy consumption are “misguided.” What Happened: Ark Invest analyst Yassine Elmandjra said in a note Monday that the impact...

Recent research suggests that the traditional financial system consumes much more energy than Bitcoin (CRYPTO: BTC) does. What Happened: According to a report by cryptocurrency bank Galaxy Digital, Bitcoin consumes 114 TWh of electrical energy per year, while the banking industry...

It could have been just another crazy week in crypto. But then Musk decided to drop the “BTC is bad for the environment” bomb, and it became an even crazier week.  Let’s recap on what happened and what you should take into consideration for the next one. Musk strikes again To...

Cathie Wood-headed ARK Invest’s Director of Research Brett Winton is calling Bitcoin (BTC) a “novel economic institution” and said its potential outweighs its energy requirements — a stance diametrically opposite taken by Tesla Inc (NASDAQ: TSLA) CEO Elon Musk. What...

A bill proposed in the New York State could force local miners of Bitcoin (CRYPTO: BTC) and other crypto assets to move or stop their activities for three years. What Happened: The New York Senate Bill 6486 was proposed by a Democrat senator and Chairman of Committee on Energy and...