Mercado Bitcoin, Brazil’s largest crypto exchange, reached an agreement with Brazilian energy trader Comerc to release two renewable energy tokens, Reuters reported Wednesday.The first token will work as a cashback for Comerc customers who generate renewable energy through its distributed generation system, Sou Vagalume. The company plans to allow the purchase of the token for … [Read more...] about Brazil’s Largest Crypto Exchange Mercado Bitcoin to Issue 2 Renewable Energy Tokens: Report
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Largest cryptocurrency exchange in Latin America to develop renewable energy tokens
In an announcement to Reuters News on Thursday morning, Brazillian cryptocurrency exchange Mercado Bitcoin said it has signed an agreement with Comerc, one of the main retail energy providers in Brazil, to develop renewable energy tokens. Mercado Bitcoin and Comerc seek to implement two types of tokens.The first, set to launch in 2022, will be tied to a cashback scheme for … [Read more...] about Largest cryptocurrency exchange in Latin America to develop renewable energy tokens
The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining
Tesla — a top 10 company in the Fortune 100 that is run by one of the world’s wealthiest people, Elon Musk — transferred $1.5 billion of its treasury cash into Bitcoin (BTC) in early February. Musk’s Bitcoin purchase startled traditional investors, who now had to understand how their investment in Tesla would relate to Bitcoin.Currently, much of Tesla’s revenue comes from … [Read more...] about The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining
‘Bitcoin incentivizes renewable energy’ agree Elon Musk and Jack Dorsey
Some of Bitcoin’s most prominent backers have sought to make the case for Bitcoin’s environmental efficiency, with a collaborative paper from researchers at financial services firm Square and investment manager Ark Invest asserting that Bitcoin mining can drive increased efficiency in renewable energy production.The paper, authored by “The Bitcoin Clean Energy Initiative,” or … [Read more...] about ‘Bitcoin incentivizes renewable energy’ agree Elon Musk and Jack Dorsey
Blockchain-based renewable energy marketplaces gain traction in 2021
Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to the emerging asset class. While environmental concerns and the cost to reward debate … [Read more...] about Blockchain-based renewable energy marketplaces gain traction in 2021