• DMG energy export license
    Bitcoin,  Technology

    U.S. grants energy export license to crypto mining firm DMG

    The license from the Department of Energy will allow the Canadian firm to mine crypto more profitably, cut into China’s mining dominance

    According to an announcement, DMG Blockchain Solutions will leverage the license to acquire the cheapest electrical energy from within the U.S. and Canada to power its mining and computing efforts.

  • Crypto funding shifting from US to China
    Cryptocurrencies

    Go East: Crypto funding shifting from US to China, report says

    In 2015, just 2% of cryptocurrency and blockchain deals were for Chinese companies. Fast forward four years to 2019, and the figure soared to 22%

    In it Blockchain Report 2020, CBInsights said 51% of deals in the industry were for US-based companies four years ago, while only 2% was earmarked for Chinese businesses. According to the latest figures, China’s share of deals is 22% in 2019, while America’s share dwindled to just 31%.

  • The world we were guaranteed because of Bitcoin (via Pixabay).
    Bitcoin,  Opinion

    Bitmain proves Bitcoin’s environmental threat was overblown

    Bitmain’s latest numbers and change in one index makes the future not as bleak

    Remember when Bitcoin’s energy consumption was going to destroy the world? It turns out that the planet’s demise at the hands of crypto miners may have been greatly exaggerated. Bitmain’s recent financial filings and a new change in in how a much-touted number, the Bitcoin Energy Consumption Index, is calculated should allay fears that crypto will singlehandedly destroy our planet.

Subscribe to the
MODERN CONSENSUS Newsletter