How Crypto Miner Griid Is Tackling Bitcoin's Energy Challenge
Harry Sudock, VP of Strategy at bitcoin mining firm Griid, responds to bitcoin's growing environmental, social, and corporate governance (ESG) concerns, discussing how Griid is procuring renewable energy to supply a portfolio of bitcoin mining facilities. "We have an overwhelmingly carbon-free and renewable-focused portfolio, not because we have an ESG mandate, but because that's the way we achieve the best results," Sudock said. Plus, insights into miners migrating out of China and whether this is a greener way forward.
Bitcoin Gaining Traction Amid ESG Concerns in Crypto Investment
Bitcoin’s environmental concerns could slow big investors’ push into the cryptocurrency, but the outlook for bitcoin is still incredibly positive, Arca CEO Rayne Steinberg suggests. "Further institutional adoption... are continuing the pace," Steinberg added. Plus, the impact of China's continued crypto crackdowns on mining and the wider crypto community.
Musk’s Tweets Swayed Some Investors on Bitcoin Environmental Concerns, Survey Shows
A survey shows some 49% of respondents said that “bitcoin being environmentally unfriendly" is an issue for them as an investor.
Is BTC Rangebound, a Buying Opportunity, or Is Another Price Drop Expected?
Marc Lopresti of The Strategic Funds shares his bitcoin analysis and outlook, exploring whether the recent price drop indicates a buying opportunity or further price dip. He says the potential factors driving institutional interest in the crypto markets is a combination of regulation and ESG efforts. Plus, comments on fear, uncertainty, and doubt (FUD) and the impact of China's crypto crackdown.
Stronghold Digital Mining Raises $105M to Turn Waste Coal Into Bitcoin
Digital asset mining firm Stronghold Digital Mining has raised $105 million to turn waste coal to bitcoin. This comes on the heels of rising concerns about bitcoin’s carbon footprint that have signaled pivots to more environmental, social, and governance (ESG)-friendly mining.
Market Wrap: Bitcoin Drops Ahead of Looming ‘Death Cross’
Bitcoin’s "death cross" could increase selling pressure into the weekend.
Bitcoin Remains Relatively Resilient Post-Fed as Fiat Currencies Drop Against Dollar
CoinDesk Managing Editor of Technology Christie Harkin and Managing Editor of Markets Brad Keoun discuss this past week's top stories moving the crypto markets, including the Fed's announcement of raising interest rates, hedge funds pledging more capital to crypto, the impact of El Salvador's currency law, rising ESG concerns, China's crackdowns on bitcoin mining operations, and Taproot activation.
How the Bitcoin Industry Is Responding to Wall Street's ESG Concerns
“They are doing it out of the sense of survival,” said John Reed Stark, former chief of the U.S. Securities and Exchange Commission’s Office of Internet Enforcement.
