Solana (SOL), one of the most active proof-of-stake (PoS) blockchains, appears to be a PoS protocol consuming the lowest amount of electricity per transaction, according to a new report.The Crypto Carbon Ratings Institute (CCRI), a research startup focused on the environmental impact of cryptocurrencies, released on Wednesday a new report calculating the electricity consumption … [Read more...] about Report crowns Solana for using least energy per transaction, but there’s a catch
Australian crypto miner Iris Energy (IREN) secured a 600-megawatt connection for a new Texas crypto mining facility, the company said on Friday.The company said in a filing with the U.S. Securities and Exchange Commission (SEC) that it has executed a binding connection agreement with utility provider AEP Texas.Iris Energy paid $19 million for the security deposit and the … [Read more...] about Iris Energy Secures 600MW Connection for Texas Bitcoin Mine
This episode is sponsored by Nexo, Abra and FTX US.Download this episodeThis week on the “Weekly Recap,” NLW breaks down the House hearing on energy in the crypto industry. He looks at problems with the advance memo and provides refutations of some of the misunderstandings.See also: Witnesses Debate Crypto Mining's Efficiency in Congressional Hearing on Environment“The … [Read more...] about What Happened at Congress’ Bitcoin Energy Hearing?
A House committee will take a look at crypto and its energy requirements this week. It’s another congressional look at crypto.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Yet another crypto hearingThe narrativeCrypto’s energy use has been under … [Read more...] about The House Looks Into Crypto's Energy Impact
Binance has agreed to set up a cryptocurrency exchange with Thailand's Gulf Energy Development.Gulf Energy Development, a publicly traded holding firm, informed the Thai Stock Exchange Monday that its subsidiary Gulf Innova is to study developing a digital asset exchange with Binance.Gulf Energy Development says it foresees "rapid growth in digital infrastructure" in the … [Read more...] about Binance to Set Up Crypto Exchange With Thailand's Gulf Energy Development