Tag: Energy usage

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Digital Asset Exchange OKX Joins Ethereum Climate Platform to Foster Sustainability

December 6, 2023

Source: AdobeStock / AndriiKoval OKX Ventures, the investment arm of cryptocurrency exchange OKX has joined the Ethereum Climate Platform (ECP) to partner towards sustainable climate goals. In a Dec 6 press release, the company announced the decision to join the platform and highlighted plans targeted to decarbonize the web3 ecosystem amid recent climate reports on…
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Bitcoin Water Footprint Adds Pressure to Mining Regulations: Report

December 2, 2023

Source: Pixabay / Michael Wuensch Popular Bitcoin (BTC) critic Alex De Vries says the asset uses about 16,000 liters of water which can fill a pool for each transaction on the network, a claim that has sparked diverse reactions.  In a study released on Nov 29, De Vries opined that Bitcoin has a growing water…
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