Die Europäische Union hat in letzter Instanz von einem Entwurf Abstand genommen, der Bitcoin unverhältnismäßig schwer getroffen hätte.
Oil giant Exxon to expand its gas to power crypto mining pilot program to four countries
Exxon Mobil Corporation is conducting a pilot program using the surplus natural gas from North Dakota oil wells that would otherwise be burned off to power cryptocurrency mining operations. Sources familiar with the program say that the oil giant intends to replicate the project in four other sites across the globe.
As part of the pilot program, Exxon signed an agreement with Crusoe Energy Systems Inc. to use gas from a Bakken Shale Basin oil well to power mobile generators used to run Bitcoin mining servers on-site.
The pilot program was launched in January 2021 and by July the same year had already used up to 18 million cubic feet of natural gas that would have otherwise been burned off because of the lack of enough pipelines to transport the gas.
Expanding the pilot program
Exxon is now considering undertaking similar pilot programs in Alaska, Argentina’s Vaca Muerta shale field, Qua Iboe Terminal in Nigeria, Germany, and Guyana.
One of the people privy to the information in an interview with Bloomberg said:
“We continuously evaluate emerging technologies aimed at reducing flaring volumes across our operations,” and Exxon expects to meet the World Bank’s call to end routine flaring by 2030, spokeswoman Sarah Nordin said in an email. She declined to comment on “rumors and speculations regarding the pilot project.”
Exxon’s push comes amid the increasing push to have oil and gas producers reduce their carbon footprint to help in the fight against climate change. One of the ways of reducing the carbon footprint is by reducing the amount of natural gas they burn on site.
At the same time, there is a rash by crypto miners to use the cheap gas from oil wells to power their mining operations instead of going for power from the national grids. Although when using the gas to power crypto mining still involves burning the gas and releasing carbon dioxide into the atmosphere, the energy is at least put to use compared to just burning the gas for nothing.
Last month ConocoPhilips acknowledged supplying a Bitcoin mining firm with natural gas from the Bakken shale basin in North Dakota. Shale oil produces a lot of excess gas which is mostly burned off.
The post Oil giant Exxon to expand its gas to power crypto mining pilot program to four countries appeared first on Coin Journal.
Crypto exchange founder asks EU to investigate if Binance is ‘helping’ Russia
European Central Bank president Christine Lagarde also said this week that Russians were using digital assets to shirk sanctions.
The founder of Ukraine-based crypto exchange Kuna, and the manager of Crypto Fund of Ukraine Michael Chobanian is suggesting Binance needs to be investigated for potential collusion with Russia over sanctions.
In comments reported by CoinDesk on Thursday, Chobanian asked the European Union to take that step to determine whether indeed the leading crypto exchange had “cooperated” with Russia to help Putin’s government evade sanctions.
Chobanian, also the head of Blockchain Association of Ukraine, told the publication that he would apologise if investigations proved Binance had done no wrong. But he added that if it’s confirmed, then the EU would need to handle it.
The accusations surfaced last week, with Binance moving to refute the Kuna crypto exchange founder’s allegations.
.@KunaExchange founder @ChobanianMike claims Binance has yet to make its promised $10 million donation to Ukraine.
„No one knows where it went,“ he says.
He also raises questions around the exchange supporting Russian rubles for transactions: https://t.co/eSA5Qh05sR pic.twitter.com/NdOcCDIAn4
— CoinDesk (@CoinDesk) March 18, 2022
It’s like a „big bank“
Although Chobanian says there is no proof of anything yet, this is what might be happening. He opined that it’s likely Russia is using Binance as a “bank.”
Instead of buying Bitcoin or crypto, those seeking to evade sanctions can just “top up” their accounts using rubles, convert that into US dollars and comfortably withdraw the money in a different country.
It could happen even without crypto changing hands, he said. “It is fiat transaction in, fiat transaction out,” he told CoinDesk.
The allegations are in line with some concerns from authorities that Russian oligarchs could turn to crypto to circumvent sanctions. Many industry experts and lawmakers see crypto as being of little help to sanctioned individuals and the Russian government.
However, some regulators and leaders say it’s possible. This week, the European Central Bank (ECB) president Christine Lagarde warned that Russia was using crypto to dodge sanctions.
The post Crypto exchange founder asks EU to investigate if Binance is ‘helping’ Russia appeared first on Coin Journal.
Portsmouth (USA) will Zahlungen per Bitcoin (BTC) ermöglichen
Der Stadtrat von Portsmouth hat sich bereits für Blockchain und Krypto geöffnet, weshalb der Bürgermeister der Stadt nun einen weiteren Vorstoß wagt.
Why did Dogecoin (DOGE) price jump 13% today?
Dogecoin jumped by over 13% earlier today to hit a daily high of $0.1406 before slightly pulling back to its current price of $0.1353 though still in the green.
The majority of meme coins including Dogecoin and Shiba Inu have been on the red end over the past couple of months but that seems to have changed with the current general crypto market correction.
In this article, we shall take a keen look at why Dogecoin (DOGE) rising.
Factors currently pushing the price of DOGE up
There are a number of factors contributing to the current rise of DOGE prices.
The main factors include the recent announcement by Bitcoin of America, Ukraine donations, and acceptance of DOGE in the entertainment industry.
Let’s detail some of these factors.
Bitcoin of America announcement
One of the reasons for the current Dogecoin price hike is the recent announcement by Bitcoin of America, a cryptocurrency exchange registered as a money service in the United States Department Treasury. Bitcoin of America said that they will be supporting Dogecoin.
After noting the growing popularity of the Dogecoin community, Bitcoin of America said in a press release that they will allow DOGE to be used in its Bitcoin ATM Machine (BTMs) which are currently over 1800 in different locations of the 31 states in the country.
Dogecoin accepted in Ukraine donations
Another factor that is positively affecting the price of Dogecoin is an earlier report by Ukraine stating that it will be accepting DOGE donations to support its war against Russia.
The move by the Ukraine government threw Dogecoin into the limelight once again pitching it as a worldwide recognized meme coin.
Dogecoin acceptance in the entertainment industry
AMC Theatre, one of the best movie chains in the US, earlier this month allowed Dogecoin to be used as a mode of payment for its tickets.
The post Why did Dogecoin (DOGE) price jump 13% today? appeared first on Coin Journal.