City Cambridge Financial News

20.07 / 15:31

CLIMATE CRISIS Heatwave Wildfires People flee their homes as wildfires sweep Europe in unprecedented heatwave

Europe is baking in a heatwave that scientists confirm is due to escalating climate change.

19.07 / 09:27

CLIMATE CRISIS Heatwave Killing 'Climate change is killing people': Europe's extreme heatwave continues

A deadly heatwave that has demolished temperature records in continental Europe is spreading north and east on Tuesday.

13.07 / 12:31

European Union abortion rights rights 'Demoralising and scary': Women in UK react to US reversal of abortion rights

From Olivia Rodrigo to Lily Allen, Kendrick Lamar to Billie Eilish, musicians and artists at Glastonbury, devastated and furious, condemned the US Supreme Court's controversial reversal of Roe v Wade – a 1973 court case that granted US women a constitutional right to abortion.

10.06 / 13:11

Blockchain Ethereum proof-of-work Bitcoin Bitcoin's real energy use questioned as Ethereum founder criticizes BTC

The ever-raging debate around Bitcoin’s energy consumption has been re-ignited, with founding member of Ethereum Anthony Donofrio claiming that Bitcoin is using “way too much” energy.

03.06 / 08:31

Blockchain Mining Power Kenyan energy company entices Bitcoin miners with geothermal power

Kenyan energy company KenGen has put out a call to Bitcoin miners to move nearby and buy its excess renewable power capacity.

15.05 / 17:15

global economy El-Erian: Beware a global economy with little fires everywhere

Mohamed A. El-Erian, president of Queens’ College at the University of Cambridge, is a professor at the Wharton School of the University of Pennsylvania and the author of The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse

15.05 / 02:11

global economy El-Erian: Beware a global economy with little fires everywhere

22.04 / 05:23

regulation European Union Bitcoin EU officials considered Bitcoin trading ban to enforce proposed mining ban

European Union (EU) officials discussed banning Bitcoin trading during a debate on a proposal to ban Proof of Work mining according to documents obtained through a freedom of information request.

14.03 / 09:25

regulation Europe European Union policies Environmental sustainability key sticking point in EU MiCA bill

The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA).

01.03 / 09:03

VISA MasterCard Research Bitcoin Cambridge University launches crypto research project with IMF and BIS

The University of Cambridge is collaborating with some of the world’s top banking institutions and private companies to introduce a new project targeting cryptocurrency research.

07.02 / 14:04

Mohamed El-Erian: Will this be the winter of our discomfort?

Mohamed A El-Erian, president of Queens’ College, University of Cambridge, is professor at the Wharton School, University of Pennsylvania

01.02 / 22:17

COST Digital Bitcoin Bitcoin: Carbon emissions of mining ops remain minimal at 0.8% of global share

The rapid expansion of cryptocurrency over the years has been nothing short of stunning. At press time, the crypto market stood just shy of the $1.7 trillion. But the increasing popularity of cryptocurrency has environmentalists on edge. The digital mining of Bitcoin created a massive carbon footprint due to the staggering amount of energy utilised. Based on data from the Bitcoin Energy Consumption Index from Digiconomist, the carbon footprint of Bitcoin wasequivalent to a few countries.

01.02 / 00:33

business Blockchain Adoption Bitcoin network Report: Bitcoin mining network accounts for 0.08% of world's CO2 production

In a new report published by CoinShares on Monday, the firm estimated that the Bitcoin (BTC) mining network emitted 42 megatons, or Mt, (1Mt = 1 million tons) of carbon dioxide, or CO2, in 2021. In context, the number amounts to less than 0.08% of the world's total emissions of 49,360 Mts of CO2 in the same year. CoinShares came to such figures using a variety of estimates regarding the efficiency of the Bitcoin network, its energy use, hardware, etc., on a global scale. As a result, it may not reflect the actual CO2 emission of the network. But the report's estimate of worldwide CO2 emission is mainly in-line with industry figures.

27.01 / 21:27

cryptocurrency Bitcoin Putin ‘Supports’ Plan to Legalize and Regulate Bitcoin & Crypto Mining – Report

Russia could accelerate its path to becoming one of the world’s biggest Bitcoin (BTC) and crypto miners – with reports that President Vladimir Putin has backed a measure that may see the industry legalized and brought under government regulation.

20.01 / 17:04

Donations Wikipedia Bitcoin crypto donations Wiki continues to accept crypto donations despite pressure to stop

Following a proposal from users to stop accepting crypto donations to Wikimedia Foundation, the nonprofit confirmed that it would proceed with crypto donations.

19.11 / 22:07

business Blockchain Adoption Bitcoin Financial 'We are the number two crypto miner in the world, and we see practically no financial return,' says Kazakhstan President Tokayev

During a meeting with representatives of the financial sector on Friday in Almaty, Kassym-Jomart Tokayev, President of Kazakhstan, expressed his opinion on the current state of affairs of the country's cryptocurrency industry. The details of the speech were posted on the official website of the President of the Republic of Kazakhstan, and translated by Cointelegraph:

10.11 / 17:13

Blockchain Technology Ethereum Adoption University of Cambridge to launch decentralized carbon credit marketplace on the Tezos blockchain

In an announcement Friday morning, the University of Cambridge announced it would be building a novel decentralized carbon credit marketplace to support global reforestation efforts. Its ultimate goal would be to increase the adoption of nature-based conservation solutions, or NbS, such as reforestation, through financial instruments. The institution envisions that purchasers of carbon credits will be able to securely and directly fund NbS projects through the platform.

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