Tag Archives: carbon emissions

Eco Penguin – a company designed to offset carbon emissions in the crypto industry – is partnering with a non-profit company known as Carbon Offsets to Alleviate Poverty (COTAP). It is the first carbon-offsetting company to accept crypto as a method of payment. Eco Penguin Is Hoping to Limit Carbon Emissions from Crypto The goal is to help all crypto firms accept responsibility for the damage they allegedly cause to the environment. This has been a heavy topic over the...

Digital payments and financial technology firm Mogo Inc. has created what it’s calling the world’s first official “green” version of bitcoin. The item in question is not necessarily a product, but rather an initiative. For every bitcoin unit purchased through its system, the company will plant trees and work to offset the carbon emissions allegedly caused by bitcoin and crypto mining. Mogo Is Trying to Make the Crypto World Greener The argument surrounding bitcoin’s growing carbon levels has...

There’s no denying that bitcoin has great promise. Since it first emerged on the financial plane roughly ten years ago, the currency has come a long way and is changing the world of monetary trading as we know it.Bitcoin and Its Carbon EmissionsUnfortunately, not everyone is convinced that it has something to offer. One of the big problems with bitcoin that continually gets in the way is its carbon footprint, which according to some analysts is bigger than one might expect. In the past, it’s...