Californian nuclear energy provider partners with bitcoin mining firm Compass
July 15, 2021, 3:26PM EDT
1 min read
In another bid to decarbonize Bitcoin, the Californian nuclear power plant Oklo announced its 20-year partnership with the bitcoin mining firm Compass on Wednesday, according to a release.
The first phase of the partnership beginning in the “early 2020s” will involve Oklo providing Compass 150MW of nuclear-generated energy for bitcoin mining.
“Cryptocurrency mining offers promising pathways to accelerate the deployment of clean energy technologies, and Oklo is positioned to respond to commercial demands by offering end-users the convenience of buying clean, reliable, and cost-effective power that they can depend on,” said Oklo’s co-founder and CEO Jacob DeWitte in the statement.
In addition to this new Oklo-Compass clean bitcoin initiative, nuclear energy will also power bitcoin mining in Ohio starting this December.
Bitcoin and other crypto derivatives such as non-fungible tokens (NFTs) have received criticism regarding their environmental impacts. Oklo and Compass now join a slew of other companies aiming to reduce their bitcoin’s environmental impact, what with some mining firms opting for hydropower energy sources and other firms using carbon offsets to reduce their environmental footprint.
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.
Bloomberg reported Friday that a broad U.S. government investigation into the operator of crypto exchange Binance has widened to include "whether Binance or its staff profited by taking advantage of its customers."
The securities regulator for Alabama issued a show-cause order on Thursday to crypto lender Celsius, seeking an explanation for why its offerings don't constitute the sale of securities under state law.
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