Category: Mining

Exxon Mobil uses excess natural gas to mine Bitcoin from oil wells in North Dakota. The waste gas would usually have to be burnt off in a process known as flaring. However, it is being repurposed to mine crypto using shipping containers filled with Bitcoin miners. Exxon has partnered with Crusoe Energy, a company backed

The leader MP on the Markets in Crypto Assets report for the European Parliament, Stefan Berger, has just released the timeline for the next stage of the democratic process for crypto regulation in Europe. The legislation is currently going through trilogues, a part of the parliamentary procedure that takes the form of informal conversations between

Miners are at the core of the Bitcoin network, providing security to the whole ecosystem of users, businesses, and hodlers. Bitcoin (BTC) mining companies aim to serve as bitcoin investment vehicles, helping to give investors bitcoin exposure without holding the asset directly. To read the rest of this article, sign in or join CryptoSlate Edge.

According to a study run by Bankless Times, the carbon footprint created by Bitcoin mining globally accounts for 0.19%, which is the same amount the Czech Republic emits as an entire country. Data collected since 2018 shows that there will be a 150% surge in Bitcoin mining energy consumption during 2021. As of February 2022,

The ECON committee of the European Union voted against a de-facto ban on cryptocurrencies that rely on the proof of work consensus protocol, like Bitcoin, that was included in the latest draft of the MiCA, or Markets in Crypto-assets Regulation, report. Erster Etappensieg bei #MiCA im Ausschuss! Mit der Annahme meines Vorschlags haben die Mitglieder

Crypto markets have experienced highly volatile months, even by crypto’s standards. The year began with rising inflation shortly followed by the Russian and Ukraine war, causing Bitcoin’s price to retrace significantly from the $50k level at which it stood by the end of 2021. This recent series of events have impacted the mining industry in

Around the middle of this year, Ethereum, the second-largest blockchain in terms of monetary value, and with hundreds of billions of dollars worth of assets depending on its operation, will transition from the Proof-of-Work consensus algorithm securing the system today, to the Proof-of-Stake system of tomorrow – a procedure described by many as changing the

China’s approach towards “free cryptocurrencies” has been evident through its many actions. For example, even though the country holds more than 10% of all Bitcoin transactions, they also banned crypto fundraising and mining. Twenty firms exited China as a response to these bans. On the other hand, China is closest to releasing its own CBDC. China

Since the sanctions were imposed on Russia, whether cryptocurrencies could provide relief has been discussed by many. While some argue that they can behave as a bypass from the sanctions, others claim that it will be useless as ruble trades are rare and sanctions don’t entirely isolate Russia. David Carlisle, the director of Policy and