Winklevoss’ Gemini buys carbon credits to cut Bitcoin’s CO2 footprint
Gemini has partnered with a nonprofit to purchase carbon permits from government-related cap-and-trade markets and erase them from circulation. Gemini, a major cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is responding to Bitcoin’s (BTC) environmental issue by purchasing carbon credits. On Thursday, the company announced its long-term initiative to incorporate climate-conscious measures into its business, launching a collaboration with Climate Vault, a nonprofit founded at the University of Chicago.Through the initiative, Gemini plans to purchase carbon credits for....
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Bitcoin exchange Gemini Trust purchased $4 million in carbon credits to offset its BTC holdings and broaden appeal to investors.
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With the negative stigma surrounding the amount of energy cryptocurrency uses, it’s about time crypto projects step up and start to make a difference from inside the industry. One project that entirely focuses on helping crypto go green is IMPT – a blockchain-based carbon credit ecosystem. Putting Carbon Credits on the Blockchain IMPT’s mission is to positively impact the environment by connecting socially responsible brands with businesses and individuals seeking to reduce their carbon footprint. In addition, they intend to provide a straightforward method for users to....
“Combine a digital asset with a rainforest carbon offset and give everyone in the world access." An alliance of crypto firms is introducing tokenized carbon credits for individuals to offset the amount of carbon dioxide they contribute. According to a Dec. 1 announcement, the Universal Protocol Alliance, or UPA, has launched a tradable carbon token on a public blockchain. The UPA stated that crypto users can “burn” the Universal Carbon token, UPCO2, to offset their carbon footprint. However, they also have the choice of holding the tokens, or trading them like any other digital asset using....
Mastercard is set to incorporate carbon footprint tracking into its blockchain-based solution, to help consumers offset carbon emissions through their purchases. Leading payment technology provider Mastercard will help consumers directly offset carbon emissions and choose better products for the environment via its blockchain-based Provenance Solution.The system provides such granular detail that consumers can choose a more environmentally friendly cup of coffee, or a sustainable T-shirt, by interacting with the carbon credits directly related to that item, as represented by a nonfungible....