Our Voice #1 2022 | Top Sustainable Crypto News

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June 24, 2022 | Jim Ottewill

At Redsand Ventures, we’ve put together a list of some of the most important sustainable crypto news stories for the first half of 2022.

Sustainable crypto stories have been coming thick and fast over the last six months as the sector looks to shake off the negative press surrounding energy use and the environmental impact of crypto mining.

As we’ll see from the content below, there’s plenty of exciting innovations and initatives taking place to enhance how this practice uses resources and looks to greener ways of working.

Read on for more and get in touch if there’s anything we’ve missed…

Can Saving Trees Turn Bitcoin Green?

Bitso, a Mexico City-based crypto exchange, is pledging to buy carbon offsets for every bitcoin transaction on its platform to offset its environmental impact.

But will this work and have the desired impact?

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How Norway Has Turned Into a Green Oasis for Bitcoin Mining

A report published by Arcane Research revealed that, despite its minuscule population and geographic spread, Norway is now home to a flourishing Bitcoin mining industry.

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Shanghai High Court Declares Bitcoin a Virtual Asset

The Shanghai High People’s Court has declared that bitcoin qualifies as a virtual asset protected by Chinese law despite the ban on cryptocurrency trading in China.

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Bitcoin Miners Want to Recast Themselves as Green

Facing intense criticism, the crypto mining industry is trying to change the view that its energy-guzzling computers are harmful to the climate.

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8 out of 12 Bitcoin Mining Firms Already Carbon Neutral

8 out of 12 bitcoin mining companies listed in a new report by Crypto Oxygen are already carbon neutral or environmentally beneficial operations.

The research, published by Cointelegraph highlights the current landscape of publicly listed crypto mining companies. Bitfarms Hive, Iris Energy and Argo Blockchain all use exclusively renewable energy sources.

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44 Countries Head to El Salvador to Discuss Bitcoin

32 central banks and 12 financial authorities from 44 countries met in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, El Salvador’s Bitcoin rollout and its benefits in the country.

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ESG Study Shows Bitcoin Mining’s Potential to Eliminate 0.15% of Global Warming by 2045

This report written by ESG analyst Daniel Batten explains that bitcoin mining could eliminate the world’s carbon emissions by 5.32%.

His study notes that if bitcoin mining entities “aggressively” targeted leaked methane, then it has the potential to avoid 0.15% of warming by 2045.

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Investors are Converging on Texa and Crypto

With interest surging in digital currencies and the blockchain technology behind them, more and more investors and operators are heading to Texas.

Why? Well, the state is proving attractive due to its cheap energy costs and hands-off regulatory approach.

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Crypto is Changing How Humanitarian Agencies Deliver Aid

Crypto is seen by some as connected with risk but it can come into its own during times of crisis.

Find out how digital assets can support humanitarian campaigns in times of catastrophe via Cointelegraph.

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Green Startup to Raise Funds via NFT to Clear Plastics Off the Oceans

Oceans and Us is planning to raise funds by selling 10,000 generative non-fungible tokens and launching a new cryptocurrency.

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Crypto Power Usage is Helping to Spur Renewable Energy Investments

Crypto mining does, absolutely, consume significant amounts of power and energy. But these pros outweigh the cons in terms of the sustainable options it opens up.

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Crypto Industry Wants to Go Green

In Northern Sweden, Canadian firm Hive Blockchain is exploring sustainable crypto by relying on a local hydropower plant to power its crypto mining facility in the region.

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Bitcoin Sustainable Energy Usage Grows Nearly 60% in a Year

Bitcoin energy use is increasingly coming from sustainable resources…

According to a new report from the Bitcoin Mining Council, the global bitcoin mining industry increased its sustainable energy mix by approximately 59% year over year.

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