The International Monetary Fund (IMF) has released a new report highlighting the rising carbon footprint of the crypto sector and stressing the need for control. To address this, the IMF has proposed a significant tax increase on crypto mining businesses to encourage the adoption of greener practices. According to the…
Ocean Mining, a Bitcoin mining pool backed by Block head Jack Dorsey, has established its global headquarters in El Salvador. The country’s pro-crypto policies are what attracted this crypto mining pool to move there. Crypto mining operations are known to be very power intensive, which has led to several nations…
The US, in recent years, has emerged as a hotspot for crypto miners to establish their operations, especially after China imposed a blanket ban on all crypto-related activities in 2021. Given the environmental concerns and the power intensive nature of crypto mining, the US is mulling on imposing a punitive…
Agro Blockchain, a multi-national crypto mining company, found itself in a difficult position after the overall crypto sector declined sharply in valuation throughout 2022, and especially in the last two months. The company, amid the ongoing crypto slump, has officially sold off its Texas-based mining facility to Galaxy Digital Holdings,…
The New York State government in the US is going bullish on promoting green crypto mining. The State Senate has reportedly passed a bill, that could restrict operational permits for fossil fuel plants that power Bitcoin mining. If Governor Kathy Hochul signs this bill, it would also lead to a…
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