Miner Company Marathon signs 200 MW escrow agreement with Applied Blockchain

1.Miner Company Marathon signs 200 MW escrow agreement with Applied Blockchain.

Bitcoin miner company Marathon has reached a new agreement with custody service provider Applied Blockchain that will ensure Applied Blockchain has at least 200 MW of custody capacity, with an option to increase it to 270 MW. Additionally, Applied Blockchain will break ground on its 180 MW facility in North Dakota, U.S., with operations expected to begin in the first half of 2023, while it entered into a five-year power deal with a local utility partner in September, mainly considering is the available transmission capacity and excess wind power.

2.Digiconomist: After the merger, the energy consumption of Ethereum has been reduced by 99.95%, and now it is only equivalent to the power consumption of Gibraltar.

According to the latest data from Digiconomist, the energy consumption of the merged Ethereum network has dropped from 94TWH in May (equivalent to the national power consumption of Chile) to 0.01 TWH (equivalent to the power consumption of Gibraltar), a drop of 99.95%. In addition, the current Ethereum carbon footprint has also been reduced to 0.01 ton, which is equivalent to that of the Faroe Islands. In addition, the current electricity consumption of a single Ethereum transaction is about 0.03 KWH, and the carbon footprint of a single Ethereum transaction is about 0.02 kg, which is equivalent to 44 Visa card transactions or watching a 3-hour YouTube video.

3.Data: 53% of U.S. voters polled oppose Fed's digital currency.

Citing a poll commissioned by a conservative group in the U.S., The Block reported that 53 percent of U.S. voters said they opposed the Federal Reserve’s digital currency, while 11 percent said they supported it, and more than a third of voters (36 percent) said They are not sure. Additionally, 59% of voters said they were less likely to support digital currency when they were told that the government could monitor all your purchases using digital currency and prevent it from being used for specific purposes; 51% said that after being told that They are unlikely to support digital currencies after governments can tax transactions made using digital currencies if the people making the transactions don’t pay taxes. Meanwhile, 42% of voters say they are unsure if cryptocurrencies harm the environment, while 31% say they do harm, 27% say they don't, and Democrats are more likely than Republicans Saying that cryptocurrencies harm the environment.

4.Former US President's Deputy Chief of Staff Is Providing Policy Lobbying Guidance to Blockchain.com.

Former US President Barack Obama's Deputy Chief of Staff Jim Messina is giving Blockchain.com some strong lobbying guidance. Jim Messina joined Blockchain.com’s board of directors early last year as a key advisor on its government relations and policy strategy, Chief Commercial Officer Lane Kasselman said in an interview with CNBC. Blockchain.com is one of the crypto companies lobbying for part of the Digital Financial Assets Act, which would strengthen regulation of the crypto industry in California. Kasselman said they provided amendments and feedback after the bill was introduced, with the major amendments focusing on the implementation period of the bill. If signed into law by Governor Gavin Newsom, the bill would go into effect in 2025 and would require companies such as digital asset exchanges to obtain licenses through the state’s Department of Financial Protection and Innovation.

5.Bitcoin Magazine: Bitcoin has been declared "dead" more than 461 times.

6.Data: Market sentiment has been in fear or extreme fear territory for a month.

The data shows that today's Fear and Greed Index is 21, and the market's fear has intensified compared with yesterday (27), and the level has turned to extreme fear. Notably, the index has remained in fear or extreme fear territory since August 16.

7.U.S. Treasury Department Seeks Public Comment on Crypto-Related Financial Crime Risks and How to Respond.

The U.S. Treasury Department wants the crypto community to participate in discussions about how digital assets can be used for illicit activities, and how the department should address the issue. The U.S. Treasury Department released a “Request For Comments” on Monday, listing more than 20 issues and asking the public to explain whether it has “comprehensively defined the risks of illicit financing associated with cryptocurrencies,” noting that various federal officials, including the Secretary of the Treasury , the Attorney General, the Secretary of Homeland Security, the Director of National Intelligence, and the Secretary of State) will develop a “coordinated action plan” to address the potential national security risks posed by digital assets. “The increasing use of digital assets in financial activities increases the risk of crimes such as money laundering, terrorist and proliferation financing, fraud and theft schemes, and corruption,” the announcement said. “These illicit activities highlight the need for ongoing scrutiny of digital assets’ activities. use, the extent to which technological innovations have influenced such activities, and explore opportunities to reduce these risks through regulation, oversight, public-private cooperation and enforcement.”

8.The hashrate of the entire ETC network fell to 182.75TH/s, a 7.25% drop in 24 hours.

9.Nic Carter: Nine Big Mistakes in White House Report on Crypto Mining's Climate Impact.

Nic Carter, co-founder of CoinMetrics, pointed out in a recent article that the research report “Climate and Energy Impacts of Crypto Assets in the United States” published by the White House Office of Science and Technology Policy (OSTP) has 9 key errors, as follows: Few new data; Ignore the contributions of industry experts ; Relying on De Vries/Digiconomist related articles; Relying on Gallersdörfer, Klaaßen, and Stoll related articles; Citing Mora et al.’s 2018 junk paper; urging caution in data usage while owning data rashly; Efforts fell on deaf ears; refused to predict Bitcoin’s energy consumption trajectory. Make stupid and counterproductive advice.