The crypto-climate implications are under a study to determine the scope for balancing energy usage and climate change associated to digital assets by the President’s Agency of Science and Technology Policy (OSTP), an administrative office of the United States. On March 9, US President Joe Biden signed an executive order directing various federal agencies to […]
Tag Archives: United States
Bitcoin miners in the United States are expecting to double the hash power of their mining operations through 2022. Other global players have been selling their Bitcoin in order to secure cash. Despite Bitcoin’s (BTC) three-month downturn, cryptocurrency mining farms in the United States remain devoted to boosting their capacity with new technology. Marathon Digital […]
Moving ahead, traditional financial institutions must collaborate with cryptocurrency custodians, sub-custodians, and service providers. The digital economy is described as “the convergence of technology and finance that is increasingly characterised by digital places, experiences, and transactions,” according to Grayscale Investments’ recent study “Reimagining the Future of Finance.” With this in mind, it’s not surprising that […]
ConocoPhilips, the world’s biggest oil corporation, uses Bitcoin mining to reduce gas flaring emissions.
ConocoPhillips, the international oil and gas conglomerate, is dabbling with Bitcoin (BTC) mining in order to stop the wasteful practice of flaring. According to CNBC, the corporation is now running a trial plan in the oil-rich Bakken area of North Dakota. Rather of burning extra gas, a byproduct of oil drilling known as flaring, the […]