Bitcoin Mining Industry Reaches 59.5% Sustainable Energy The global Bitcoin mining industry had a sustainable electricity mix of 59.5% during Q2 of the year, or a marginal increase compared with Q1, according to the latest quarterly survey conducted by the Bitcoin Mining Council.   The latest Q2 report also details how energy efficiency among Bitcoin...Continue Reading

Zipmex’s Withdrawal Freeze Zipmex, a  cryptocurrency exchange that operates in Singapore, Thailand, Indonesia and Australia has paused withdrawals on its platform following a “combination of circumstances” beyond its control.   Per Cointelegraph, reports that Zipmex could be in trouble were dismissed as “rumours” by CEO and co-founder Marcus Lim following the failed acquisition of the...Continue Reading

Tesla’s Bitcoin Strategy and Its Impact Leading electricity car manufacturer Tesla has revealed it has converted 75% of its Bitcoin holdings into fiat currency, selling $936 million worth, the company reported Wednesday in its earnings report.     “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat...Continue Reading