Cryptocurrency News TheBitTimes.com

Marathon Digital, a Bitcoin (BTC) miner, has teamed up with renewable energy asset manager Nodal Power to test a 280 kW Bitcoin mining project in Utah, according to a joint statement released on Nov. 2. The project will use methane gas from landfill waste to generate electricity which will be channeled towards BTC mining.  Today, we're announcing the energization our first #Bitcoin mining pilot project powered by renewable, off-grid energy from a landfill . The project is currently fully energized and operational. Learn more: https://t.co/RnqtJOvOCa pic.twitter.com/U1UPEgwmRm — Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) November 2, 2023 This initiative aims to tackle greenhouse gas emissions by employing renewable energy sources for its mining processes. According to the Environmental Protection Agency (EPA), municipal waste was responsible for 14.3% of methane emissions in the United States in 2021. The EPA sees the potential of capturing and us...

Fubon Bank has partnered with Ripple, a blockchain company, to investigate real estate tokenization solutions as part of the Hong Kong Monetary Authority’s (HKMA) eHKD pilot program .  Tokenizing property liens Fubon Bank Hong Kong’s Executive vice president and chief strategy officer, Xu Luosheng, said the bank would conduct an initial trial focused on customers seeking refunds.  The trial will involve tokenizing property liens and providing digital Hong Kong dollar (HKD) loans using Ripple’s customized technology. Customers who secure these loans will be able to use the digital HKD for various payment scenarios, thereby increasing the practicality and usage of the digital currency. Xu Luosheng revealed in an interview that individuals looking for mortgages would be the main focus of this trial. The bank will use Ripple’s Central Bank Digital Currency (CBDC) platform to digitize legitimate Hong Kong dollars for testing at a fixed 1-to-1 ratio.  ...