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According to a letter penned by seven U.S. lawmakers, ERCOT was “intimately connected” with the growth of crypto mining in Texas. Go to Source Powered by WPeMatico
Cory Klippsten, the CEO of Swan Bitcoin, shares his views on how “the competition for liquidity” between Bitcoin and Ethereum will play out after the latter’s switch to a proof-of-stake system. Go to Source Powered by WPeMatico
In a recent Twitter Spaces, Capriole Fund founder Charles Edwards told Cointelegraph that BTC could go lower, but currently reflects “incredible deep value” based on multiple price metrics. Go to Source Powered by WPeMatico
Post-Merge Ethereum has now detached itself from the “crypto mining is bad for the environment” narrative, following its transition to proof-of-stake. Go to Source Powered by WPeMatico
Critics have suggested Bitcoin could not operate as the same decentralized currency without a consensus mechanism like proof-of-work. Go to Source Powered by WPeMatico
The CFTC chair said that the Ethereum blockchain’s transition to proof-of-stake, despite reducing energy usage by more than 99%, may not go far enough in resolving the problem. Go to Source Powered by WPeMatico
This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.” Go to Source Powered by WPeMatico
“The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Texas with some diversified offering,” said CEO Andy Long. Go to Source Powered by WPeMatico
The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state’s power grid operator. Go to Source Powered by WPeMatico
“At a minimum, the public should have a say in these crypto handouts,” said the Tech Transparency Project. Go to Source Powered by WPeMatico
