Why Bitcoin Mining could be the new business model for U.S. power plants – CoinDesk

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Why Bitcoin Mining could be the new business model for U.S. power plants – CoinDesk

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South Korea Gets Legal Recognition For Cryptography, New York BTC Power Plant Mines And The End Of The Intranet Era For Corporate Blockchain?

It was another good day for global cryptography, with South Korea voting to officially integrate the industry into the existing financial system, opening the market to new players and potentially improving services for crypto companies.

In New York State, a recently renovated power plant uses low-cost energy with 7,000 bitcoin miners. This is part of a larger trend of mining based in the United States in 2020.

In a very different sector of the industry, a new partnership involving ConsenSys, EY and Microsoft suggests that the corporate blockchain intranet era may be coming to an end.

Finally, the new Governor of the Bank of England says: be prepared to lose money if you buy bitcoin.

Disclosure Lily More

The leader in blockchain news, CoinDesk is a medium that aims for the highest journalistic standards and respects a strict set of editorial policies. CoinDesk is an independent operational subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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