A U.S. city is raising alarms about the negative impact of a nearby Bitcoin mining operation.
A group of residents from Granbury, Texas, has taken legal action against Marathon Digital, alleging that the noise from its Bitcoin mining operations is detrimental to their health and quality of life.
They claim the persistent sound has led to various ailments, including headaches, fatigue, and even exacerbated existing health conditions like hypertension.
This lawsuit highlights the escalating tensions between Bitcoin mining activities and local communities, as facilities often operate nonstop. Residents assert that the noise levels from the mining site create a significant disturbance, impacting their daily lives.
Additionally, Bitcoin mining faces scrutiny for its substantial environmental footprint, with reports indicating that it consumes more electricity annually than some countries, resulting in higher carbon emissions and contributing to climate change. As the industry grows, many areas are becoming cautious about permitting such operations.
Bitcoin miners appear to be reloading their reserves after a lengthy period of offloading their holdings.
Online trading platform eToro has increased the scale of its initial public offering to $620 million after pricing its shares higher than originally expected.
Investor sentiment got a lift this week as markets rallied on easing trade tensions, cooler inflation data, and strong momentum from tech and crypto sectors. While global uncertainties remain, a series of bullish triggers reignited optimism across asset classes.
Tether has entered the Thai market with its tokenized gold asset, as local exchange Maxbit becomes the first in the country to list the product.