Green technology News

Bitcoin’s energy consumption and its dependency on climate-damaging fossil fuels has raised debates from both inside and outside the blockchain community.

A green post-COVID-10 recovery in accordance with the United Nations’ 17 Sustainable Development Goals is possible with blockchain and NFTs.

Here’s what experts on emerging tech think about the role of blockchain in achieving more sustainability and lessening the climate crisis.

The investment firm filed the application for its Bitcoin ETF with Canadian securities regulators in February.

VeChain has announced a new blockchain initiative designed to help businesses openly track and report their carbon emissions data.

Crypto mining companies leveraging renewables may also have a much larger impact on clean energy for the environment.

Environmental sustainability continues to be top of mind for cryptocurrency miners after Elon Musk drew negative attention to the industry earlier this year.

"By harnessing the power of this new blockchain, we can ensure that our NFTs are limiting their impact," said Terra Virtua co-founder and chief technical officer Jawad Ashraf.

Crypto companies are doing their best to go green by offsetting Bitcoin carbon emissions, but how accurate are their estimates?

According to the mining firm, it aims to create high-tech jobs for residents and support local businesses with the solar farm.

The new exchange-traded fund will focus on environmentally friendly crypto mining infrastructure firms.

The company previously said it planned to enable carbon-neutral NFTs by 2030 and claimed its JumpNet blockchain is already carbon-negative.

Residents are concerned over the environmental impact of Greenidge’s gas-fired Bitcoin mining plant, asserting that the firm is heating the lake and may be killing marine life.

According to the Bitcoin Mining Council, the global Bitcoin mining industry now uses 56% sustainable energy.

Bringing the social and governance spheres to the discussion about the sustainability and potential of blockchain technology.