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0 CommentsThe Mechanicville, NY plant, an old hydroelectric power plant built in 1897, is now taken to mining Bitcoin using a share of the power produced. It’s an inspiring example of using renewable energy for mining amid criticism over carbon footprint. “We think this is the oldest renewable energy facility in the world that’s still running,”…
Sotheby’s sold Friday a rare 101.38-carat diamond for $12.3 million in cryptocurrency in a Hong Kong auction to an anonymous buyer. As it’s the highest price paid for gemstone or jewelry in crypto, the auction house called it “a milestone was reached in the adoption of cryptocurrencies.” According to Sotheby’s, a 101.38-carat pear-shaped D color…
Blockchain technology is tipping the scales of the music industry, shifting the power from intermediaries back to artists, writes António Madeira on Cointelegraph. Blockchain technology has the power to increase financial inclusion and change the lives of many throughout the world, especially in emerging economies where it’s needed the most. While the potential of blockchain…
Circle, the issuer of the USDC stablecoin, plans to go public by the end of the year through a SPAC with special purpose acquisition company Concord Acquisition Corp. The deal values the crypto financial services firm at $4.5 billion. The deal announced on Thursday values Circle at $4.5 billion following just a few weeks after…
Israel said Thursday it is starting to seize cryptocurrency accounts used by the Palestinian Hamas group to raise funds for its armed wing using Bitcoin and other cryptocurrencies. Benny Gantz, Israeli Defense Minister, ordered security forces to seize the accounts after a joint operation “uncovered a web of electronic wallets” used by Hamas to raise…
The Reserve Bank of New Zealand sees a central bank digital currency (CBDC) as a “solution” to the ongoing reduction in cash usage. The bank will open up public consultations regarding a CBDC and the new digital money like stablecoins. In a July 7 statement, the Reserve Bank of New Zealand announced releasing a set…
