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Middle Eastern Country Invests in Bitcoin Mining
Middle Eastern Country Invests in Bitcoin Mining
News  -  Bitcoin  -  Jun 04, 2022 by Philipe F

Oman’s sovereign wealth fund took an equity stake in Crusoe Energy Inc. who helps fossil-fuel producers use stranded natural gas to power Bitcoin mining. Rather than burn excess natural gas from oil extraction, the gas is converted into electricity through power generators and then used by Bitcoin mining machines.

New York’s State Senate Advances Bill for Bitcoin Mining Ban
New York’s State Senate Advances Bill for Bitcoin Mining Ban
News  -  Bitcoin  -  Jun 03, 2022 by Deniz Saat

New York’s State Senate voted to pass bill S6486D which will invoke a two-year moratorium on Bitcoin and cryptocurrency mining operations that use the Proof-of-Work mechanism to validate transactions. The State Senate voted 36-27 in favor of passing the bill into law. The bill will now be sent to

Is Bitcoin Mining the Most Sustainable Industry?
Is Bitcoin Mining the Most Sustainable Industry?

Bitcoin mining has gained a bad reputation for being poorly sustainable in comparison to other industries. However, recent data from the Bitcoin Mining Council's (BMC) data shows that the opposite is true. In fact, Bitcoin mining is the most sustainable industry on the planet.  The BMC is a

News  -  Bitcoin  -  Jun 04, 2022
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Is Bitcoin Mining the Most Sustainable Industry?
Is Bitcoin Mining the Most Sustainable Industry?

Bitcoin mining has gained a bad reputation for being poorly sustainable in comparison to other industries. However, recent data from the Bitcoin Mining Council's (BMC) data shows that the opposite is true. In fact, Bitcoin mining is the most sustainable industry on the planet.  The BMC is a

News  -  Bitcoin  -  Jun 04, 2022
Middle Eastern Country Invests in Bitcoin Mining
Middle Eastern Country Invests in Bitcoin Mining

Oman’s sovereign wealth fund took an equity stake in Crusoe Energy Inc. who helps fossil-fuel producers use stranded natural gas to power Bitcoin mining. Rather than burn excess natural gas from oil extraction, the gas is converted into electricity through power generators and then used by Bitcoin mining machines.

News  -  Bitcoin  -  Jun 04, 2022
New York’s State Senate Advances Bill for Bitcoin Mining Ban
New York’s State Senate Advances Bill for Bitcoin Mining Ban

New York’s State Senate voted to pass bill S6486D which will invoke a two-year moratorium on Bitcoin and cryptocurrency mining operations that use the Proof-of-Work mechanism to validate transactions. The State Senate voted 36-27 in favor of passing the bill into law. The bill will now be sent to

News  -  Bitcoin  -  Jun 03, 2022
Kenya Energy Company Offers Geothermal Power to Bitcoin Miners
Kenya Energy Company Offers Geothermal Power to Bitcoin Miners

KenGen, an energy production company in Kenya, has announced that it will be offering its surplus geothermal power to European and American Bitcoin mining companies. The energy production company primarily operates on renewable energy. KenGen has reported that various Bitcoin mining companies have reached out, looking to purchase energy from

News  -  Bitcoin  -  Jun 03, 2022
Bitfarms Releases Its May Mining Report
Bitfarms Releases Its May Mining Report

Bitfarms highlights for May 2022: * 431 Bitcoin mined, up 6% compared to May 2021  * Average of 13.9 Bitcoin mined per day  * Production up 3% when compared to April mining results * 6,075 total BTC in custody as of May 31st, 2022, valued at $188 million based on a BTC

News  -  Bitcoin  -  Jun 02, 2022
Chipotle Now Accepts Bitcoin Payments
Chipotle Now Accepts Bitcoin Payments

Chipotle Mexican Grill, Inc. recently announced that the majority of their restaurants will now accept payments in Bitcoin and other cryptocurrencies. The company has an established presence in countries like the U.S., U.K., Canada, Germany, and France.  Methods of Payment Chipotle has partnered with Flexa in order to

News  -  Bitcoin  -  Jun 02, 2022
One of Panama’s Largest Banks Will Offer Bitcoin Services
One of Panama’s Largest Banks Will Offer Bitcoin Services

Towerbank, among the top 30 banks in Panama, announced Bitcoin-friendly services at an event hosted by the Chamber of Digital Commerce and Blockchain of Panama. Executive Director of the event, Cristobal Pereira, made the initial announcement while Towerbank later confirmed the new offerings. Towerbank will provide Bitcoin-friendly services as long

News  -  Bitcoin  -  Jun 01, 2022
CoinDesk Highlights Defamation Lawsuit Without Peter McCormack’s Consent
CoinDesk Highlights Defamation Lawsuit Without Peter McCormack’s Consent

News site CoinDesk recently went on a live interview with What Bitcoin Did podcast host Peter McCormack on their show “All About Bitcoin.” The interview took a turn when McCormack was met with unexpected questions about Craig Wright’s defamation suit against him. Wright is an Australian computer scientist who

News  -  Bitcoin  -  May 31, 2022
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