In a new report published by CoinShares on Monday, the firm estimated that the Bitcoin (BTC) mining network emitted 42 megatons, or Mt, (1Mt = 1 million tons) of carbon dioxide, or CO2, in 2021. In context, the number amounts to less than 0.08% of the world's total emissions of 49,360 Mts of CO2 in the same year. CoinShares came to such figures using a variety of estimates … [Read more...] about Bitcoin mining network accounts for 0.08% of world’s CO2 production
Accounts
Crypto Exchange Bitfinex Tells Ontario Customers to Close Accounts
Cryptocurrency exchange Bitfinex said customers based in Canada’s most populous province will no longer have access to any services beginning March 1. No reason was given for the move.Bitfinex told its Ontario customers they should withdraw their funds on or before March 1.Beginning today, customers without account balances will have their accounts closed. Those without open … [Read more...] about Crypto Exchange Bitfinex Tells Ontario Customers to Close Accounts
Hackers Are Attacking Cloud Accounts to Mine Cryptocurrencies, Google Says
Of the 50 hacked Google Cloud Platforms or GCPs, 86% of them were used for cryptocurrency mining, which typically consumes large amounts of computing resources and storage space, Google’s Cybersecurity Action Team wrote in the report. The remainder of the hacking activities included phishing scams and ransomware. Source link … [Read more...] about Hackers Are Attacking Cloud Accounts to Mine Cryptocurrencies, Google Says
Voyager Digital Hits 1M Funded Accounts, Cites Loyalty Program
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.@2021 … [Read more...] about Voyager Digital Hits 1M Funded Accounts, Cites Loyalty Program
Nigeria’s central bank orders closure of crypto-related accounts
Nigeria’s central bank (CBN) has maintained its hostile position towards crypto assets like Bitcoin, Ethereum, Litecoin, and others has it recently ordered financial institutions in the country to close the accounts of individuals suspected to have traded cryptocurrency.CBN orders banks to close crypto trader accountsThe CBN, on November 3, released a circular signed by its … [Read more...] about Nigeria’s central bank orders closure of crypto-related accounts