Deniz Saat

Intel announced on April 4th that the company will be launching an energy efficient mining chip in the third quarter of 2022. The Intel Blockscale ASIC (Application-specific Integrated Circuit) is considered to be the culmination of all of Intel’s work. With a dedicated research and development (R&D)

Founder of Block (formerly Square) Jack Dorsey spoke to the Democrats of the House Financial Services Committee on March 31st, 2022 in order to address some of their concerns about Bitcoin and cryptocurrencies. Topics that attendees brought up with Dorsey include: * Energy consumption - Dorsey covered the various ways that

CleanSpark is a publicly traded Bitcoin and cryptocurrency mining company based in Nevada. They recently closed a deal with the Texas energy company Lancium in order to devote 500 megawatts (MW) to mining.  Around 50 MW will be used for mining by the end of 2022 and then another 150

On March 31st, 2022 President Putin signed a decree that requires foreign buyers to pay for Russia’s oil and gas with rubles. This decree takes effect on Friday April 1st and any contracts that are not paid in rubles will be halted. Putin added that all oil and gas

In March of 2021, Kentucky was able to pass House Bill 230 which incentivizes commercial miners with a number of tax breaks for their operations. Commercial miners are allowed to be tax exempt for the energy and equipment they use. In order to receive these exemptions, Senate Bill 255 requires

On March 29th, 2022 MicroStrategy CEO Michael Saylor announced that MacroStrategy, a subsidiary of MicroStrategy, will use all proceeds from a Silvergate Bank loan to acquire more Bitcoin. At a current Bitcoin price of $47,500, MacroStrategy would be able to acquire around 4,315 BTC for their company balance

GAO released a study on the benefits of blockchain technology to provide Congress with an overview of what, how, where, and why blockchains are needed within today’s economy. The report discusses the non-financial, financial, and policy options that enhance solutions as well as mitigate certain challenges that blockchain technology

Various towns in Northern Italy are falling under pressure to rising energy costs while looking to achieve more environmentally friendly methods for producing energy. As a great example for why the call for Proof-of-Work (PoW) mining to be banned in the European Union (EU) was dropped by regulators, a small