Month: February 2023

Democratic Lawmakers Look to Compel Crypto Miners to Disclose Energy and Emissions Data

The letter asked Granholm when the energy administration will implement a rule that makes it mandatory for firms to disclose energy data, and when the EPA plans to start collecting data from miners that generate more than the annual equivalent of 25,000 tons of carbon dioxide. The EPA has the authority to collect emissions data from all firms above that threshold, and at least two miners, Greenidge Generation (GREE) and Stronghold Digital Mining (SDIG), generated around 10 times more than the minimum in 2021. Source

GRT Hits Highest Point in 9 Months, LTC Snaps Losing Streak – Market Updates Bitcoin News

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The graph token surged by over 35% so far on Tuesday, as markets continued to be buoyed by the growth of its ecosystem. Since allowing integrations to new blockchains, prices of the indexing protocol’s native token have jumped by over 200% from 2022 lows. Litecoin was also higher today, breaking a three-day losing streak. The Graph (GRT) Tuesday saw the graph (GRT) extend its recent bull run, climbing by over 35% in today’s session. GRT/USD rose to an intraday peak of $0.1848 earlier today, a day after prices hit a…

Crypto mining firms Hut 8 and US Bitcoin plan merger

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Canada-based cryptocurrency mining company Hut 8 Mining has announced plans to merge with U.S. Bitcoin to form Hut 8 Corp, or “New Hut”. In a Feb. 7 announcement, Hut 8 said the boards of directors of the two firms had unanimously approved a definitive business combination agreement aimed at combining the mining firms in what will become a United States-based business. Once the deal is finalized, Hut 8 Mining and U.S. Bitcoin, or USBTC, will become subsidiaries of New Hut, with shareholders collectively owning 50% of the new merged firm.…

Crypto Lender SALT Raises $64.4M to Resume Operations

“Crypto faced a perfect winter storm in 2022, taking with it significant industry participants like Terraform Labs, Voyager Digital, Celsius Network, Three Arrows Capital, FTX, and BlockFi. SALT was not immune to these market forces, but we are determined to emerge stronger than ever,” said SALT founder and interim CEO Shawn Owen in a statement. “Despite facing an unprecedented situation and, frankly, an existential threat, we have embarked on a growth plan that we believe positions us for even greater success in the future.” Source

SEC ‘Disappoints’ When It Comes to Crypto

Regulation hasn’t moved along a whole lot since then. When Peirce’s new boss, Gary Gensler, became the SEC chair in April 2021 under President Joe Biden, he continued the agency’s longstanding policy of “regulation through litigation,” where companies learn of their infractions when the SEC sues them for breaking the law. Source