Canadian Bitcoin ETF issuer seeks ‘green BTC’
Ninepoint Partners LP, one of Canada’s Bitcoin (BTC) exchange-traded fund issuers, has announced plans to offset the carbon footprint of its BTC ETF product. According to a release issued on Monday, Ninepoint has inked a partnership with carbon offsetting service provider CarbonX. As part of the partnership, Ninepoint will dedicate an undisclosed portion of its […]
Earth Day 2021: How the crypto industry is moving closer to going green
It’s as reliable as the changing of the seasons: another year, another Earth Day, and another misguided missive about crypto’s outrageous energy consumption. Last week, the New York Times published a piece in their “Climate and Environment” that sought to remind readers of the “astonishing environmental costs” of cryptocurrency mining. It’s a prime example of […]