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Greenidge Commits to Being 100% Carbon Neutral for Its Bitcoin Mining Facility Starting June 2021


Greenidge Generation Holdings Inc. plans to offset all carbon emissions from its Bitcoin mining facility, starting June 1st, 2021. (Read More)

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Greenidge Generation Holdings Inc. has announced that it will offset all greenhouse gas emissions from its Bitcoin mining facility through a portfolio of fully accredited offset credits, beginning June 1st.

The company has said that it will conduct an entirely carbon neutral Bitcoin mining operation at its powerplant-cryptocurrency mining hybrid facility in Upstate New York. The company’s announcement comes at a time when Tesla automaker and Square payment company announced that they will not make future Bitcoin purchases, citing environmental concerns associated with crypto mining. 

Greenidge has said it will buy voluntary carbon offsets from a selection of U.S greenhouse gas reduction projects. The company mentioned that each project has been reviewed and credited by one of three well-known Offset Project Registries, Verra, the Climate Action Reserve (CAR), and the American Carbon Registry (ACR), ensuring that any project funded by Greenidge minimizes emission or increases sequestration of greenhouse gas in a manner that is verifiable, real, and permanent.

Apart from offsetting 100% of its carbon emissions from its Bitcoin mining, Greenidge also plans to invest in a portion of its mining profits in renewable energy projects. The firm is actively considering direct financing of alternative green energy sources in New York and other locations across the country.

Greenidge also stated that it will continue participating in the Regional Greenhouse Gas Initiative (RGGI), a market-based program in which participating states sell CO2 allowance through auctions and invest profits in renewable energy, energy efficiency, and other consumer benefits programs to generate local green jobs and encourage innovation in the clean energy economy. According to the report, the company buys RGGI allowances every year to cover 100% of its CO2 emitted from power generation and it has been doing so since it started gas-fired operations in 2017.

Bitcoin Mining Worries Many

As institutional and retail investors continue adopting Bitcoin, one concern that has emerged is its connection to energy and environmental issues. Experts argue that the crypto strains the environment because of all the energy it takes to mine a single Bitcoin. The amount of electricity used daily to mine Bitcoin has been identified to be more than electricity used by entire countries such as Ireland.

Some Tesla investors and environmentalists have been increasingly critical about the manner in which Bitcoin is mined using huge amounts of electricity generated from fossil fuels.

On Wednesday, May 12, Bitcoin’s price dropped by 10% after Elon Musk announced that Tesla has suspended the use of cryptocurrency as a payment method, less than two months after the electric vehicle manufacturer started accepting Bitcoin for payment. Musk cited the energy concern, especially the use of “coal, which has the worst emissions of any fuel.”

Earlier this month, a bill was introduced in the New York State Senate to stop Bitcoin mining until the state assesses its impacts on the environment.

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/news/greenidge-commits-being-100-carbon-neutral-bitcoin-mining-facility-starting-june-2021

Blockchain

VanEck’s Bitcoin ETF Application Further Delayed by the SEC

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The global investment manager VanEck would have to wait more to receive the SEC’s answer about its Bitcoin ETF application from earlier this year. The Commission’s second delay seeks other interested parties to weigh in on whether such a product will be sustainable.

  • After withdrawing its previous attempts, VanEck filed another application with the US Securities and Exchange Commission in March this year to release a Bitcoin ETF.
  • The agency initially delayed the decision back in April to June. However, a more recent filing from June 16th showed that the Commission had not made its decision yet.
  • The document reads that the SEC “seeks and encourages interested persons to provide comments” on the BTC ETF application. More specifically, those parties should opine about “the suitability of Bitcoin as an underlying asset for an exchange-traded product.”
  • Furthermore, the Commission wants to know if such a product would be “susceptible to manipulation.”
  • “What are commenters’ views generally on whether the Exchange’s proposal is designed to prevent fraudulent and manipulative acts and practices? What are commenters’ views generally with respect to the liquidity and transparency of the bitcoin markets, the bitcoin markets’ susceptibility to manipulation?”

  • The agency said it’s only trying to “protect investors and the public” by seeking this information.
  • Those who would like to comment on the BTC ETF proposal have 21 days after the order is in the Federal Register and 35 days after the publication in the register’s rebuttals.
  • It’s worth noting that while the US continues to refuse to approve a Bitcoin ETF, the northern neighbor has already permitted three this year. Earlier results are quite promising as they have garnered over $1 billion in AUM in just months.
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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/vanecks-bitcoin-etf-application-further-delayed-by-the-sec/

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NetcoinCapital Token to be listed on XT Exchange

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[PRESS RELEASE – Please Read Disclaimer]

Istanbul, Turkey, June 16, 2021NetcoinCapital, a blockchain-based startup from Turkey focused on building a decentralized economy, today announced it will be listed on XT exchange beginning from August 4th, 2021.

The new listing on the XT exchange will allow investors to trade this security token with other cryptocurrencies like bitcoin and ethereum. Investors who are interested in investing in this new token will be able to trade this token on the XT exchange and Coins Bit exchange.

The Netcoincapital token is based on the Tron blockchain platform with a supply of 102 million tokens and 10.5 million of those tokens will be available for free to the participators. The company’s goal is to provide 100% transparency regarding transactions, earnings, and other financials for all customers. Previously, significant news is being spread about Netcoin’s listing on the Coinsbit exchange.

“The short-term goal of the company is to create a decentralized economy. This listing will increase the accessibility of our service which we believe will have positive impacts on our business overall” said Abbas Talebi – CTO, NetcoinCapital.

The company has also announced that it intends to introduce a new programming language for this processor, and has referred to it as a computer colloquial language, and has placed it in a new category of a computer language called the future language.

Several projects are running in parallel, including the construction of a dedicated wallet, a dedicated exchange office, and the construction of an environmentally friendly blockchain with the local coin.

NetcoinCapital’s CEO highlights “Netcoicapital’s goal is to establish a strong rapport with the cryptocurrency community and be their exclusive digital currency for transactions. By doing so, NCC will foster more growth in both its volume of investors as well as people using it on an individual basis.” And listing on XT exchange is a major step towards pursuing this goal, he added.

About NetCoinCapital

Netcoin Capital is a blockchain-based startup. A decentralized global operating system with infinite processing power, Netcoin Capital is trying to take a step in designing and building a new generation of processors. The processors that the company is studying, will turn each of the home devices into a supercomputer.

About XT Exchange

XT.com is the world’s first socialized exchange under a business environment where users are decentralized and dynamic. At present, XT has gathered 7+ million investment users in the world, with a daily average of 5 billion USD stable trading volume, this business model provides a new direction for the whole industry.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/netcoincapital-token-to-be-listed-on-xt-exchange/

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Blockchain

Maiar, The Money App Powered By The Elrond Blockchain, Adds Bitcoin

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[PRESS RELEASE – Valletta, Malta, 17th June 2021]

Elrond Network, the developers of the eponymous internet-scale blockchain protocol, today announced the full integration of Bitcoin into their non-custodial digital wallet app Maiar.

With deep care for the user, elegant design, and an intuitive interface, Maiar enables any phone user to get a working non-custodial blockchain wallet in seconds.

Its intuitive simplicity allows everyone to store, earn, and pay using cryptocurrencies using @herotags – unique usernames that obviate the need to use complex address strings 1HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb1 and instead use something like @satoshi.

“Bitcoin has carved a path for highly secure cryptocurrencies with strong store of value properties to become accepted in traditional finance, irrevocably establishing the digital asset class. Its addition to Maiar will accelerate the adoption of our money app and the underlying Elrond blockchain infrastructure.” said Beniamin Mincu, Elrond Network CEO.

Existing Maiar users will have the pleasure of discovering that they have always had a Bitcoin address attached to their @herotag. It has been part of the onboarding process, when a newly created Elrond Network smart account gets a @herotag, an eGold address, and BTC, ETH, and BNB addresses as well.

The Bitcoin integration is the latest evolution of the money app Maiar, whose rapid global adoption has accelerated beyond the 400,000 user mark in just 4 months since debuting in the top app marketplaces globally. It is available on iOS and Android phones, in 6 languages including English, Spanish, French, German, Romanian, and Indonesian.

https://maiar.com/

About Elrond

Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/maiar-the-money-app-powered-by-the-elrond-blockchain-adds-bitcoin/

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