Solar(SXP)

Cryptocurrency mining in Uzbekistan can only be carried out by legal entities with the use of solar power, the local crypto watchdog has reiterated.

Texas-based consumers can settle solar panel bills in Shiba Inu (SHIB) by following three simple steps.

New Crypto Breakthrough in Amsterdam and Political Support for Bitcoin It is not every day that interesting events or conferences are held in the crypto market, and therefore it is especially important to talk about them. To ensure that all interested parties receive the necessary information in a timely manner. That is why I would like to announce a groundbreakingevent this fall - the Bitcoin Amsterdam conference on October 12-14 in the capital of the Netherlands. Recognizing the importance and significance of the event, the media partner of the event will be the well-knownBitcoin Magazine, whose Ukrainian franchise I am developing. Our readers will receive prompt information about the conference, its participants, and the topics discussed. I have no doubt that it will be interesting and professional, as always with Bitcoin Magazine. We will see a lot of interesting speakers who, I am sure, will be able to attract both professionals and those who are just discovering the crypto market. The event is expected to feature speeches by Blockstream co-founder and CEO Adam Beck, Paxful CEO Ray Youssef, Bitrefill CEO Sergey Kotlyar, White Rock Management CEO Andy Long, and even Prince Filip Karageorgovich of Serbia. Of course, this is not a complete list, and there will be many authoritative and interesting personalities. I think that especially those present will be interested in the founder of the Bitcoin fraction and member of the Libertarian Party of the Netherlands Tom van Lamoyen, who has already confirmed his participation on his page in X (former Twitter). In the parliament of his country, he deals with issues of economy, finance, taxation and supports the development of the crypto market, and he is considered a serious crypto activist. “Bitcoin is digital libertarianism,” Lamoyen stresses. The Libertaire Partij (LP) is not a newcomer to politics (it has been in existence for 30 years) and advocates clear values that it articulates: to create "a free world, a world in which no one is forced to sacrifice his life or property for the benefit of others". In 2014, the LP became the first political party in the Netherlands to adopt and support Bitcoin. I am sure that Tom van Lamoyen will share with the participants of Bitcoin Amsterdam interesting experience and ideas for the future. There is a growing interest in cryptocurrencies in Europe, especially in the Netherlands. In 2023, CoinGecko analysts conducted an interesting survey and published a rating of the European states that are most interested in digital assets. The Netherlands, which accounted for 7.3% of such interest, ranked second after the United Kingdom. Analysts reported that most often the Dutch choose such coins - Fuse, Bone ShibaSwap and Cellframe. In this country, full legalization of crypto has not yet passed, but the Central Bank of the Netherlands (DNB) has already issued work permits to 36 crypto companies. Last month, for example, it was received by Crypto.com, and before that – Coinbase Europe, eToro, Bitstamp. In the Netherlands, crypto activists are very strong, and we see the results of their work. There are very interesting projects. For example, last year it became known about a giant greenhouse near Rotterdam, which is heated by the heat emitted in the process of mining Bitcoin - it does not go to waste, as in other farms. Mining servers are powered by solar panels on the roof. The result is a carbon-neutral operation that performs an important environmental function and allows you to reduce costs. The initiative is called Bitcoin Bloem, and I’m sure it will inspire many to other interesting projects. I think Tom van Lamoyen will be able to share his experiences and talk about other initiatives in his country and abroad. It is not only pleasant, but also very useful when politicians are interested in the crypto market and try to help its development. There are more and more examples of this around the world. In particular, Daniel Rish, Prime Minister and Finance Minister of Liechtenstein, has repeatedly stated the need for full legalization of Bitcoin in his country, and promised that cryptocurrency will be used to pay for public services. He also allowed investing in Bitcoin part of the foreign currency reserve of the state, which now amounts to 2.2 billion Swiss francs (2.5-year state budget of Liechtenstein). In Poland, for example, Yaroslav Gowin from the center-right Accord party, formerly known as Poland Together, is a fan of cryptocurrencies. It was part of the ruling coalition United Right from 2015 to 2021. For most of this period, Gowin was Deputy Prime Minister as well as a member of parliament, and emphasized the potential of cryptocurrency and other financial innovations. We should not forget about the American Cynthia Loummis– a US Senator from Wyoming, with whom I had the honour to discuss the prospects for the industry development and who has long supported the idea of cryptocurrencies. She bought her first Bitcoin back in 2013. Many times, shesupported laws expanding the use of cryptocurrency in the United States and two years ago, shelaunched the Senate Financial Innovation Group. Now, she is member of the Senate Banking Committee. A few days ago, from the report of the Office of Government Ethics it became known that her epic Republican colleague and ex-president of the United States Donald Trump keeps up to $500 thousand in Ethereum wallet. Earlier, the media reported that Democratic presidential candidate Robert F. Kennedy Jr. (nephew of the 35th American president) bought 14 bitcoins for his children — 2 each. He is a very progressive politician, whom many openly call a crypto activist after his impressive speech at the crypto conference in Miami in May 2023 at The Miami Beach Convention Center. Kennedy publicly called Bitcoin a hard currency and put it on a par with silver, gold, and platinum, noting that it is able to support the US dollar, and open a new stage of financial stability of the world and prosperity of the country. The support of politicians is very important, as it contributes to the development of the crypto market and its widespread legalization. I think Robert F. Kennedy will be right, and eventually this support will help save the classical financial market as well. Serhiy Tron is an investor and the founder of White Rock Management. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

When El Salvador adopted Bitcoin as legal tender two years ago, the IMF was scathing of the move, and warned of dire consequences. Two years later and El Salvador is flourishing. IMF against decentralisation Max Keiser, pro Bitcoin entrepreneur, now living in El Salvador, was interviewed on the Swan Bitcoin YouTube channel, where he gave his thoughts on the IMF and how El Salvador is on a much better path. Keiser started by saying that in his view the IMF was akin to a central bank, and that central banks do not like decentralised money, and that the IMF does not like the idea that El Salvador can adopt Bitcoin and decentralise itself away from the fiat monetary system. Years of US exploitation Keiser quoted John Perkin’s book “Confessions of an Economic Hitman” which tells of US-backed hitmen who he claims were out to instigate coups and topple governments. He said that the US always looked upon Latin America as its own “backyard” and that it was there to be controlled with the help of huge multinational corporations such as the United Fruit Company which heavily exploited the countries in which they were based. Keiser said that since Bitcoin came into being with its decentralised and sound money, it was putting central banks out of a business that has been perpetuated for 300 years and would end up making them extinct, and in the process also make the IMF irrelevant. El Salvador’s energy program One of the biggest excuses for detractors maligning Bitcoin is its heavy use of energy for its proof-of-work consensus. However, Keiser explained how El Salvador will use geothermal energy to supply the power for Bitcoin mining. Nevertheless, the lead time for developing such an infrastructure is around five years, therefore the country is developing its wind and solar plants to help fill in the gap until volcano power is fully harnessed and online. $1 billion was raised for this project, of which $250 million has already been allocated. Keiser talked of how in the future countries will compete to provide the Bitcoin hashrate, and how El Salvador was the only country in the world to have a pro-Bitcoin mining policy right now. The IMF and central banks across the world should be very worried. Financial technology has moved on and will leave all these legacy financial institutions in the dust of yesterday. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

When El Salvador adopted Bitcoin as legal tender two years ago, the IMF was scathing of the move, and warned of dire consequences. Two years later and El Salvador is flourishing. IMF against decentralisation Max Keiser, pro Bitcoin entrepreneur, now living in El Salvador, was interviewed on the Swan Bitcoin YouTube channel, where he gave his thoughts on the IMF and how El Salvador is on a much better path. Keiser started by saying that in his view the IMF was akin to a central bank, and that central banks do not like decentralised money, and that the IMF does not like the idea that El Salvador can adopt Bitcoin and decentralise itself away from the fiat monetary system. Years of US exploitation Keiser quoted John Perkin’s book “Confessions of an Economic Hitman” which tells of US-backed hitmen who he claims were out to instigate coups and topple governments. He said that the US always looked upon Latin America as its own “backyard” and that it was there to be controlled with the help of huge multinational corporations such as the United Fruit Company which heavily exploited the countries in which they were based. Keiser said that since Bitcoin came into being with its decentralised and sound money, it was putting central banks out of a business that has been perpetuated for 300 years and would end up making them extinct, and in the process also make the IMF irrelevant. El Salvador’s energy program One of the biggest excuses for detractors maligning Bitcoin is its heavy use of energy for its proof-of-work consensus. However, Keiser explained how El Salvador will use geothermal energy to supply the power for Bitcoin mining. Nevertheless, the lead time for developing such an infrastructure is around five years, therefore the country is developing its wind and solar plants to help fill in the gap until volcano power is fully harnessed and online. $1 billion was raised for this project, of which $250 million has already been allocated. Keiser talked of how in the future countries will compete to provide the Bitcoin hashrate, and how El Salvador was the only country in the world to have a pro-Bitcoin mining policy right now. The IMF and central banks across the world should be very worried. Financial technology has moved on and will leave all these legacy financial institutions in the dust of yesterday. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The latest partnership is an extension of Open Campus’ mission to educate and raise awareness on issues of climate change and environmental conservation. This July, Open Campus, a community-led Web 3 educational content platform, announced the launch of their #ClimateChange4Kids campaign on X (formerly Twitter) to educate the upcoming generations on the importance of protecting our planet. To extend its efforts, Open Campus is now in partnership with its affiliate, TinyTap and Code Green, a Web 3 organization leveraging blockchain and art to help conserve the environment, to create educational content on climate change. The strategic partnership aims to extend knowledge and awareness of climate change via the Open Campus platform, providing creators, educators and teachers with a decentralized platform to create interactive educational games and earn from their content. While several parts of the world face extreme temperatures and wildfires, such an initiative could be a crucial step in imparting knowledge on how to stop it. Code Green, TinyTap and Open Campus come together in a mission to educate younger generations – in an engaging and interactive way – on climate change. Furthermore, the initiative extends the belief in “the power of education to shape a more sustainable future”, a mission also shared by the United Nations Convention to Combat Desertification (UNCCD). "By combining education, technology, and gaming, we're creating a unique platform to engage children and empower them with the knowledge and awareness to tackle this urgent crisis for our planet,” Inna Modja, CEO of Code Green and Goodwill Ambassador for the UNCCD, said. Open Campus, TinyTap and Code Green launch NFT Giveaway In light of the new collaboration, TinyTap will create a new climate change-centred course and integrate some elements of Code Green’s game HEALV3RSE, available on The Sandbox. Featured on the UNCCD website, HEALV3RSE is a metaverse game that allows users to play, learn about the planet, and have a real-world impact. The game’s avatars and NFT will feature in the lessons to incentivize learners and enhance the overall quality of the course, the press statement reads. Through various levels of the game, players discover facts about the environment, make eco-friendly choices to help their virtual planet and perform healing actions. The ‘Play To Heal’ model enhances the game and gives players a novel experience as they participate in healing actions for our planet, such as planting trees, cleaning oceans, and installing solar panels. In addition, Open Campus and Code Green are launching a giveaway to promote the new course. Players who participate in the giveaway campaign have a chance to win up to 100 HEALV3RSE avatars and equipment NFTs. Follow-up details on the giveaway will be posted on Open Campus X (fmr. Twitter) page. The latest strategic partnership follows the successful launch of ‘Climate Change for Kids’ in July, aiming to enhance awareness of climate change, especially in younger generations. The #ClimateChange4Kids initiative has seen tremendous support worldwide, with over 200,000 impressions on X. Lastly, Open Campus’ recent partnership with Cloud Co Entertainment saw the company get a license to use the image of Care Bears, one of the most popular children's products line. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The latest partnership is an extension of Open Campus’ mission to educate and raise awareness on issues of climate change and environmental conservation. This July, Open Campus, a community-led Web 3 educational content platform, announced the launch of their #ClimateChange4Kids campaign on X (formerly Twitter) to educate the upcoming generations on the importance of protecting our planet. To extend its efforts, Open Campus is now in partnership with its affiliate, TinyTap and Code Green, a Web 3 organization leveraging blockchain and art to help conserve the environment, to create educational content on climate change. The strategic partnership aims to extend knowledge and awareness of climate change via the Open Campus platform, providing creators, educators and teachers with a decentralized platform to create interactive educational games and earn from their content. While several parts of the world face extreme temperatures and wildfires, such an initiative could be a crucial step in imparting knowledge on how to stop it. Code Green, TinyTap and Open Campus come together in a mission to educate younger generations – in an engaging and interactive way – on climate change. Furthermore, the initiative extends the belief in “the power of education to shape a more sustainable future”, a mission also shared by the United Nations Convention to Combat Desertification (UNCCD). "By combining education, technology, and gaming, we're creating a unique platform to engage children and empower them with the knowledge and awareness to tackle this urgent crisis for our planet,” Inna Modja, CEO of Code Green and Goodwill Ambassador for the UNCCD, said. Open Campus, TinyTap and Code Green launch NFT Giveaway In light of the new collaboration, TinyTap will create a new climate change-centred course and integrate some elements of Code Green’s game HEALV3RSE, available on The Sandbox. Featured on the UNCCD website, HEALV3RSE is a metaverse game that allows users to play, learn about the planet, and have a real-world impact. The game’s avatars and NFT will feature in the lessons to incentivize learners and enhance the overall quality of the course, the press statement reads. Through various levels of the game, players discover facts about the environment, make eco-friendly choices to help their virtual planet and perform healing actions. The ‘Play To Heal’ model enhances the game and gives players a novel experience as they participate in healing actions for our planet, such as planting trees, cleaning oceans, and installing solar panels. In addition, Open Campus and Code Green are launching a giveaway to promote the new course. Players who participate in the giveaway campaign have a chance to win up to 100 HEALV3RSE avatars and equipment NFTs. Follow-up details on the giveaway will be posted on Open Campus X (fmr. Twitter) page. The latest strategic partnership follows the successful launch of ‘Climate Change for Kids’ in July, aiming to enhance awareness of climate change, especially in younger generations. The #ClimateChange4Kids initiative has seen tremendous support worldwide, with over 200,000 impressions on X. Lastly, Open Campus’ recent partnership with Cloud Co Entertainment saw the company get a license to use the image of Care Bears, one of the most popular children's products line. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

It's all about solving "the duck curve" problem on the grid. This op-ed is part of CoinDesk's Mining Week.

Gemini Dollar and Tether are two of the world's most popular stablecoins. Both have gained traction during the recent banking crisis, in which several high-profile banks collapsed. However, their reliance on the U.S. dollar could potentially cause issues in the future. If inflation continues to rise throughout financial markets, both Gemini Dollar and Tether could struggle in the DeFi space. At the same time, new projects like Tradecurve are making waves in the DeFi space. Tradecurve has raised $3 million during its presale, and following an 80% surge in value, analysts now believe that an additional 40% price rise could be on the table. Tether Makes A Huge Investment In Bitcoin Mining As the world's number one most traded cryptocurrency, Tether is considered an extremely safe crypto investment. The project recently invested $1 billion into a new Bitcoin mining farm in El Salvador. This investment is designed to help create an eco-friendly mining solution, with Tether offering expertise in green energy alternatives. This particular farm will utilize Volcano energy to produce 241 MW of power and will also install photovoltaic cells to produce solar energy. This investment is a huge development in the Tether ecosystem, and has helped to solidify the project's reputation. As Tether continues to invest in DeFi, its popularity is only going to grow, which has made Tether the number one option for investors looking to buy stablecoins, Gemini Dollar Trading Volume Surges Gemini Dollar is an alternative to Tether with a number of benefits. It’s been approved by the New York Department of Financial Services, which makes it a safe investment despite the recent SEC lawsuits. Furthermore, Gemini Dollar has been audited by Trail of Bits Inc. Gemini Dollar is also a stable investment due to being pegged to the U.S. Dollar. As of July 2023, Gemini Dollar has a daily trading volume of $1.8 million, a significant increase from June. This increase suggests that more investors are looking for stable investments, with Gemini Dollar becoming a top option in the process. Tradecurve Attracts Thousands Of New Investors Although Tradecurve may not be as stable as Gemini Dollar or Tether, the project offers significantly higher returns. Since its presale started, Tradecurve has raised over $3 million and offered investors returns of 80%. This ROI is expected to increase again soon, with stage four of the Tradecurve (TCRV) presale already 60% sold out. Tradecurve offers an exciting new alternative to traditional investing. Its hybrid exchange lets investors buy the widest range of assets of any platform, including traditional and DeFi options. Assets such as commodities, forex, and CFDs can be traded by investors who can use cryptocurrency as collateral. Furthermore, as a decentralized platform, all of these assets can be traded anonymously. Tradecurve lets investors trade assets without needing to pass KYC or intrusive background checks. This is expected to be a big selling point for the project, as thousands of investors left centralized platforms following lawsuits from the SEC in June. Tradecurve Is Predicted To 100x Post Presale Tradecurve is now ranked among the fastest-growing cryptocurrencies in the DeFi market. Its value has continuously increased in June, and now experts believe its value could 50x before its presale ends. Post presale, price predictions are going as high as 100x once TCRV tokens are listed on major exchanges. With such high price predictions, Tradecurve’s current price of $0.018 is believed to be a huge bargain, though, with hundreds of investors buying tokens daily, TCRV is expected to increase in value again before mid-July. To find more information about Tradecurve and the TCRV token, visit the links below: Website: https://tradecurve.io/ Buy presale: https://app.tradecurve.io/sign-up Twitter: https://twitter.com/Tradecurveapp Telegram: https://t.me/tradecurve_official Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

In the coming years, the tone of the cryptocurrency market will be set by environmental projects, which will be increasingly used for mining around the world. New technologies and developments will be implemented in different parts of the world. And maybe even in outer space - such ideas and proposals already exist and are being discussed within the professional community. Interesting discussions took place at the Bitcoin Miami conference in the USA at the end of May. Bitcoin mining was one of the key topics in the latest report by Messari, a leader in cryptocurrency market research and analysis. The authors believe that the green agenda will increasingly dominate in this field, and it will be the driving force of the industry in the years to come.On the one hand, environmental friendliness will grow into an actual trend, and crypto enthusiasts will adhere to ESG (Environmental, Social, Governance) Investing approach - environmental, social, governance aspects of investing. On the other hand, this trend will be supported by economic considerations, and the high cost of energy. As for this point, Messari analytics highlights a very indicative example for Bitcoin mining cost: in 2021, the mining of 1 bitcoin cost American miners in Texas about $5-10 thousand, and the coin itself was trading at around $50-60 thousand; its value went down in 2022, and the best price was estimated at $20 thousand with $15-20 thousand of mining cost. Serhiy Tron, Owner of White Rock Management, speaking at the Bitcoin 2023 conference As the coins value decreased, miners actively went looking for ways to reduce their energy costs. First of all, by making mining more environmentally friendly. The interest in hydroelectric power and electricity generation by flaring gas, byproduct of oil production, has grown tremendously. The latter technology not only provides cheaper energy for cryptocurrency mining, but also significantly reduces carbon dioxide emissions into the atmosphere. Reduction of the negative impact of mining on the environment. "Being environmentally friendly is not just a fashion trend, but an economically profitable direction for mining. In some regions, the share of renewable energy in this field amounts to 40%, and even exceeds 70% in other regions. I think that interest will keep on growing, and global oil and gas corporations will cooperate more actively with the cryptocurrency industry. For example, our company has various projects in the U.S. underway: gas flaring in Texas and hydropower near Niagara Falls in the state of New York," said the founder of one of the world's largest mining companies, White Rock Management, Serhiy Tron. White Rock Management, along with 250 other companies, has joined the Crypto Climate Accord for environmentally friendly and safe cryptocurrency mining. With operating offices in Canada, Sweden, Kazakhstan and the United States, the company implements a number of green projects and has plans to develop data centers in Switzerland and the U.S.Tron believes that coal, oil and gas constituents will gradually be outed from the energy consumed by miners. A similar opinion has been voiced by Coin Metrics co-founder Nick Carter, who has high hopes about the use of energy from flare gas in bitcoin mining; he believes this type of fuel can completely cover the needs of all miners worldwide inside the next 10 years. Crypto analysts' predictions regarding the development of alternative sources are backed by energy experts.A new report from a global energy think tank Ember emphasizes that the global energy system will very shortly enter a “new era of reduction of fossil fuel production”. Gas and coal generation volumes are expected to decrease, with alternative sources in extensive use.Ember's findings note that at the end of 2022, the expansion of wind and solar power accounted for 80% of the growth in electricity demand, and when combined with hydropower and bioenergy, 92% of the growth. By the end of 2023, low-carbon sources are expected to provide 100% of the growth in energy demand. Analysts provide an interesting example: the solar power plants launched worldwide last year would be powerful enough to supply an entire country like South Africa for a year, and wind power plants would provide almost the entire 12-month supply for the United Kingdom. "The price/quality principle will be always at work. Miners will do everything to reduce their costs, and increase their income from cryptocurrency mining, while preventing methane emissions and being environmentally conscious along the way. This, in my opinion, is worth the support of local authorities in different regions. For example, by tax incentives or other means," says financial analyst Vladyslav Kravets. Particular interest in "green" mining is growing in the U.S. Local Marathon Digital Holdings launched the King Mountain data center in Texas, with a capacity of 280 MW, carbon-neutral by 70%. In addition, this spring the company announced a joint project with Zero Two, designed to construct two new 200 MW and 50 MW zero-carbon sites in the UAE (Abu Dhabi). Also, BIT Mining Limited reported building a 57.2 MW facility in the same state, running by 85% on clean energy. This does not come as a surprise, since the Americans have been growing generally more interested in cryptocurrency as of late. The bigger it is, the greater the interest of local miners in more environmentally friendly and cheaper crypto mining. The analytics service Ahrefs recently estimated that the word "Bitcoin" has been looked up 1.9 million times in Google search in the U.S. over the past 12 months. It topped the search ranking, coming before the scandalous former president Donald Trump, news, Elvis Presley, Disney and Spider-Man. "For years, Texas was considered the home of the American shale gas and oil revolution, but it has now become the go-to place for cryptocurrency miners. Miners have realized that energy from flare gas can be used profitably to mine crypto. Our company is using it already. Also, this way we significantly reduce CO2 emissions. Around 400 million tons of carbon dioxide make their way to the atmosphere annually, but the crypto community can reduce this figure significantly," assures Serhiy Tron. There is no doubt that the miners’ interest in green energy will grow as the interest in cryptocurrencies as such multiplies. This process is gradually spreading around the world, although not always in transparent ways.For example, in May, during the bankruptcy of BlockFi and Celsius, it was revealed that Druk Holding & Investments (DHI), a state-owned investment bank in the Asian Kingdom of Bhutan, was secretly (without public knowledge) mining bitcoin. This country employs hydropower, with natural availability of high-altitude mountains with fresh air that allow cooling down the equipment. Mining is carbon-neutral and, as DHI assures, self-sustaining.The interest in cryptocurrencies is increased in the Seychelles, and local Finance Minister Naadir Hassan stated in April that his government is working out the requirements for the registration and licensing of specialized companies. Also, state authorities in Europe's Liechtenstein have recently declared they’re going to allow their citizens to use bitcoin to pay for public services. Although the head of the government, Daniel Risch, did not specify when such a possibility was to come in effect, but was adamant that it eventually would. Regardless of what goes on in the crypto market and no matter what skeptics say about this industry, the interest for it does not decrease. Even after significant price swings of several coins and frightening statements about the crypto-winter. Steady focus of the investors and hi-tech companies is backed not only by the projects that’s been already greenlit, but with new developments, ideas and discussions that do not stop. At the end of May, for instance, active debates on the future development of the market and its prospects took place in the United States, at the Bitcoin Miami conference. “Rather interesting and large-scale event, which was helpful not for professional players alone, but for the curious newcomers as well. Highly-esteemed and acknowledged experts were represented at the event: Christopher Grilhault des Fontaines from Dfns, Joseph Ziolkowski from Relm Insurance, Domenic Carosa from Banxa and many others. Not only current problems were discussed, but some new developments, including those in the space industry, were spoken of openly, too. Quite gripping and productive. Once again, we were able to make sure that Bitcoin remains a powerful asset, and amid the challenging situation in the global economy and growing rates of inflation everywhere, attention and trust to Bitcoin is on the steady rise”, summed up Serhiy Tron. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The 241 MW site will be powered by wind and solar energy.

USDT stablecoin issuer Tether has announced its foray into Bitcoin mining and plans to set up Bitcoin mining operations in Uruguay using renewable energy. The announcement comes on the heels of the stablecoin issuer stating that it would begin to purchase Bitcoin at regular intervals using its profits. Tether’s Foray Into Mining The company announced that it would soon begin mining operations in the country and has entered into a partnership with a local licensed company. However, Tether has not shared the name or any other details regarding the local entity. The news about the company’s entry into the mining space comes soon after it announced that it would invest around 15% of its profits into purchasing Bitcoin in an effort to strengthen its reserves, similar to strategies adopted by Tesla and MicroStrategy. The announcement also indicates that Tether is bullish about the prospects of the world’s largest cryptocurrency. CTO of Tether Paolo Ardonio stated in the announcement, “By harnessing the power of Bitcoin and Uruguay’s renewable energy capabilities, Tether is leading the way in sustainable and responsible Bitcoin mining. Our unwavering commitment to renewable energy ensures that every Bitcoin we mine leaves a minimal ecological footprint while upholding the security and integrity of the Bitcoin network.” Tether also added that it is on the lookout for experts to help the company expand its footprint in the renewable energy space. Bitcoin mining is extremely energy intensive and relies on a distributed global network of computers to verify transactions and release new Bitcoin tokens into circulation. Is Uruguay The Ideal Location? Tether also shared its reasoning behind choosing Uruguay to set up its Bitcoin mining operations. In its announcement, Tether stated that the South American country had emerged as a major global leader in renewable energy. In fact, the country has generated 94% of its electricity from renewable sources such as solar power and wind energy. Tether stated in its announcement, “Blessed with abundant natural resources, Uruguay offers ideal conditions for the production of renewable energy, facilitating the establishment of wind farms, solar parks, and hydropower projects, guaranteeing a consistent supply of clean and environmentally friendly energy.” Tether is also looking to hire people in various roles in its new Bitcoin mining and energy venture and plans to expand its Bitcoin mining operations to several other countries. Tether’s Controversial Past Tether is the entity that issues the USDT, which is the largest stablecoin in the crypto market, with a circulating supply of 83,184,323,408 USDT. It competes with other major stablecoins in the market, such as Binance’s BUSD and Circle’s USDC stablecoins. According to Tether, each of its USDT stablecoins is backed in a 1:1 ratio by US-denominated assets held in reserve. However, the company has gotten into trouble with regulators, with several questions raised about the integrity of the assets backing the stablecoin. Previously, Tether held all its reserve assets in the form of reserve paper, which is a less liquid form of corporate debt. However, the company has since replaced all the commercial paper held by it with US Treasuries. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar.

The Chamber of Digital Commerce has urged Congress to set up a Digital Asset and Blockchain Technology Solarium Commission to develop crypto regulation.

Trading volumes and prices for the two tokens have surged in the past few days on local exchanges.

Innovative and novel solutions to some of society's larger problems have emerged as businesses team up with cryptocurrencies. The latest is the UK based startup, The Blockchain Development Company (BCDC), who hope to improve the transparency of recycling, renewable energy and food industry supply chains, using their own cryptocurrency. Who are BCDC? With the sale of their own virtual currency, the BCDC token, they are hoping to focus on funding three projects: 1. Ecochain – the creation of an investment hub which enables private and public investors to directly finance renewable energy, like solar and wind power, throughout Europe and America. 2. RecycleToCoin – the rewarding of recyclers by exchanging waste for BCDC tokens which they can then use to purchase other currencies or cryptocurrencies. 3. FoodTrax – a system that enables consumers to track where their foods come from, so that they can make more informed decisions about buying locally grown foods. The BCDC tokens and funding projects There is a total supply of one billion BCDC tokens, with a certain number going to fund each of the three projects. To fund Ecochain and FoodTrax, 250 million tokens will be sold in exchange for Ethereum cryptocurrency units (ETH) – at an initial fixed rate of one ETH to 400 BCDC tokens. These Ethereums will then be sold for fiat currency to spend on projects. To fund RecycleToCoin, 250 million tokens will be exchanged with participants for plastics and aluminium containers. For investors of BCDC tokens The pre-sale of 125 million BCDC tokens will end on 20th November and, after this, there will be a main sale until 27th November. To all investors that keep their coins, they will receive an additional 20% of their token amount every year for five years. BCDC has created a chance for investors who missed out on the rise of Bitcoin to participate in the benefits of cryptocurrency. However, perhaps those who missed it weren't ever going to invest anyway and will overlook this opportunity.

Innovative and novel solutions to some of society's larger problems have emerged as businesses team up with cryptocurrencies. The latest is the UK based startup, The Blockchain Development Company (BCDC), who hope to improve the transparency of recycling, renewable energy and food industry supply chains, using their own cryptocurrency. Who are BCDC? With the sale of their own virtual currency, the BCDC token, they are hoping to focus on funding three projects: 1. Ecochain – the creation of an investment hub which enables private and public investors to directly finance renewable energy, like solar and wind power, throughout Europe and America. 2. RecycleToCoin – the rewarding of recyclers by exchanging waste for BCDC tokens which they can then use to purchase other currencies or cryptocurrencies. 3. FoodTrax – a system that enables consumers to track where their foods come from, so that they can make more informed decisions about buying locally grown foods. The BCDC tokens and funding projects There is a total supply of one billion BCDC tokens, with a certain number going to fund each of the three projects. To fund Ecochain and FoodTrax, 250 million tokens will be sold in exchange for Ethereum cryptocurrency units (ETH) – at an initial fixed rate of one ETH to 400 BCDC tokens. These Ethereums will then be sold for fiat currency to spend on projects. To fund RecycleToCoin, 250 million tokens will be exchanged with participants for plastics and aluminium containers. For investors of BCDC tokens The pre-sale of 125 million BCDC tokens will end on 20th November and, after this, there will be a main sale until 27th November. To all investors that keep their coins, they will receive an additional 20% of their token amount every year for five years. BCDC has created a chance for investors who missed out on the rise of Bitcoin to participate in the benefits of cryptocurrency. However, perhaps those who missed it weren't ever going to invest anyway and will overlook this opportunity.