Bitcoin Mining Embraces Sustainability: Over 50% Now Powered by Renewable Energy
A recent study by the University of Cambridge reveals a significant shift in Bitcoin mining towards sustainable energy, with North America leading the charge in reducing carbon footprints.
Cambridge Study Finds Majority of Bitcoin Mining Now Powered by Sustainable Energy
The University of Cambridge has released groundbreaking research indicating that over 50% of Bitcoin mining operations now rely on low-carbon or renewable energy sources. North America leads the pack with the smallest carbon footprint among major mining regions.
While the study highlights industry efforts to reduce environmental impact, the broader implications remain uncertain. Will this sustainability shift accelerate mainstream adoption or merely temper criticism? The answer may reshape crypto’s role in global finance.
Cambridge researchers meticulously analyzed energy consumption patterns across mining operations worldwide. Their findings reveal a quiet revolution: renewable energy now dominates Bitcoin’s power supply chain, marking a potential turning point for the industry’s environmental narrative.
Best Crypto To Buy As Strategy’s Michael Saylor Hints At Another Bitcoin Buy
Michael Saylor’s recent tweet about "stacking sats" has reignited trader interest, signaling a potential new Bitcoin purchase. The MicroStrategy co-founder’s move comes just a week after a $555 million BTC investment, fueling speculation of another institutional play.
Bitcoin (BTC) remains Saylor’s exclusive crypto focus, currently trading at $94,800 with an 8% weekly gain. The cryptocurrency has surged to its highest level since March, supported by $20 billion in 24-hour spot trading volumes.
Bitcoin Miners Offload $1 Billion in BTC Post-Price Surge
Bitcoin miners capitalized on the cryptocurrency’s recent price rally, selling nearly $1 billion worth of BTC over a six-day period. Approximately 14,000 BTC flowed to centralized exchanges between April 18-24 when prices hovered NEAR $67,000, marking a strategic profit-taking move following April’s halving event.
The 50% reduction in block rewards has forced miners to optimize treasury management. CryptoQuant data reveals a noticeable drawdown in miner reserves, suggesting this sell-off may represent a broader rebalancing strategy rather than isolated profit-taking.
Market analysts warn that sustained miner selling could create overhead resistance, potentially capping Bitcoin’s upside momentum in the near term. The timing coincides with typical post-halving operational adjustments, where less efficient miners often liquidate holdings to fund upgraded equipment.
Arizona Passes Landmark Crypto Bills, Paving Way for Bitcoin Reserves
Arizona has positioned itself at the forefront of U.S. cryptocurrency adoption with the passage of two pivotal bills. Senate Bill 1025 and Senate Bill 1373 authorize the state to allocate up to 10% of its treasury and pension funds into Bitcoin and other digital assets, marking a watershed moment for institutional crypto acceptance.
The legislation creates a structured framework for public investment in cryptocurrencies, with SB 1025 specifically addressing Bitcoin as a reserve asset while SB 1373 encompasses broader digital assets including NFTs. This dual approach demonstrates Arizona’s comprehensive strategy to integrate blockchain technology into state finances.
By becoming the first U.S. state to establish a formal Bitcoin reserve, Arizona sets a precedent that could accelerate institutional adoption nationwide. The move reflects growing recognition of cryptocurrencies as legitimate components of diversified investment portfolios at the governmental level.
Prosecutors Weigh Dropping Charges Against Samourai Wallet Founders Amid DOJ Policy Shift
New York prosecutors are reevaluating their case against Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill following a recent Department of Justice memo on cryptocurrency enforcement priorities. A joint court filing reveals both parties requested a 16-day extension as the government determines whether to proceed under new guidelines.
The case hinges on Deputy Attorney General Todd Blanche’s April 7 directive to the DOJ’s National Cryptocurrency Enforcement Team. Legal observers suggest this signals potential softening of enforcement against privacy-focused crypto tools, though the final decision remains pending.
Arizona Advances Legislation to Establish Bitcoin Reserve, Potentially Leading Federal Efforts
Arizona has positioned itself at the forefront of U.S. states exploring cryptocurrency reserves as part of fiscal strategy, with legislation approved primarily by Republican lawmakers. The bill, which would allow digital assets like Bitcoin (BTC) to be included in public-funds investments, now faces scrutiny from Democratic Governor Katie Hobbs.
Governor Hobbs has vetoed numerous bills this session, and her stance on this measure remains uncertain. Most Democratic legislators opposed the proposal, setting up a potential partisan clash. If enacted, Arizona could outpace the U.S. Treasury Department’s slower-moving efforts to establish a federal crypto reserve.
The legislation represents a significant test case for institutional cryptocurrency adoption at the state level. Its success or failure may influence similar initiatives elsewhere as governments grapple with digital assets’ role in public finance.
