Bitcoin News Recap

Intel has announced details for its new bitcoin mining chip

The Intel Blockscale ASIC will ship in Q3 2022.

The chipmaker will supply customers with only the ASIC ship itself, instead of shipping a fully-fledged mining system as currently common in the industry.
Intel’s chip, focused on energy efficiency and sustainability, will operate with up to 26 J/TH of power efficiency.

UK Government sets out plan to make a global cryptoasset technology hub

UK government has today announced moves that will see stablecoins recognised as a valid form of payment as part of wider plans to make Britain a global hub for cryptoasset technology and investment.

This is part of a package of measures to ensure the UK financial services sector remains at the cutting edge of technology, attracting investment and jobs and widening consumer choice.

Marathon Miner to move to locations with more sustainable energy sources

Marathon Digital Holdings is planning to move its Bitcoin miners out of a coal-powered facility in Montana.

The company said on Tuesday that the move comes in an effort to meet its previously announced goal of becoming 100% carbon neutral by the end of 2022 and that the new locations will have “more sustainable sources of power”.

Jurisdictions in Honduras and Portugal unveil Bitcoin adoption plans

Madeira, an autonomous region in Portugal and a special economic zone in Honduras called Próspera, are pursuing bitcoin adoption according to announcements made Thursday during Bitcoin 2022 conference in Miami.

In addition to that, Mexican Senator Indira Kempis gave an update on efforts to propose Bitcoin legislation in that country.

Strike announces several integrations to enable Bitcoin payment in retail stores across the US

Strike CEO Jack Mallers announced at Bitcoin 2022 that the company has partnered with three of the world’s largest payments providers, Shopify, NCR and Blackhawk Network to enable bitcoin payments at stores throughout the country. He explained that the integration eliminates legacy banks from the payments process, saving merchants on fees and enabling privacy for shoppers.

Tennessee Titans have become the first NFL team to accept Bitcoin

The Tennessee Titans today announced they are now the first NFL team accepting bitcoin for key investments through a third-party conversion service. The establishment of this partnership allows fans to offer Bitcoin in payment for season tickets, suites, PSLs and sponsorship opportunities with the Titans and Nissan Stadium events.

Tesla, Block and Blockstream team up to mine bitcoin off solar power in Texas

Blockstream and Block, formerly Square, are breaking ground on a solar- and battery-powered bitcoin mine in Texas that uses solar and storage technology from Tesla.

Tesla’s 3.8 megawatt solar Photo-voltaic array and 12 megawatt-hour Megapack batteries will power the facility.

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