TEPCO POWER GRID STARTED BITCOIN MINING

There are a lot of things that are happening to the central banks that are going to affect the crypto market. There is another energy company becoming a Bitcoin miner. This time it is Japan's largest electric company Tepco power grid. They are starting to mine Bitcoin using excess every. What we see is the company turning to Bitcoin mining as a way to monetize the surplus power that would otherwise be wasted. Tepco has partnered with a local semiconductor designer and developer called Triple in other to do this.

---

Through this collaboration, Tepoco's subsidiary Agile energy X will deploy distributed data centers throughout Japan to repurpose electricity from renewable energy with semiconductors from triple one. Some projects as already been set up in Tokyo metropolitan area. US Bitcoin miners core scientific has declared bankruptcy which is the just latest of many bankruptcies news. Many other Bitcoin miners are on it brink of collapse and the Bitcoin remains right where they currently are.

---

If we are speaking of bankruptcy we are going to talk about Genesis. If you do not know already, they are one of the biggest Bitcoin OTC desk and Bitcoin lenders. They run into a massive problem when FTX collapsed, the company has a billion dollars plus whole and the parent company which is Digital Currency Group has been struggling to fill the big hole. The Digital Currency group-owned Grayscale may sell 20% of the shares in the grayscale trust. But if grayscale does this, we make see a hundred thousand dollars of Bitcoin coming into the market at a time when the market is very weak.

---

You should know that not of this is stopping people from staking Bitcoin during this bear market with the total amount of Bitcoin held by retail investors reaching its all-time high. Bitcoin exchange Paxful has announced they are delisting Ethereum and going for Bitcoin only. The reason the CEO is want to do this is that they are saying that Ethereum is no longer centralized and that the move to PoS Ethereum into digital fiat. PayPal is to become an on-ramp provider for the web3 wallet, it is integrating its cryptosystem service to make buying, selling, and holding crypto much more assessable. This means that Paypal will just the like Moon pay and Transact which are already working with Metamask as an on-ramp partner to it very easier to people get crypto into their wallets. If you already have ETH in your Paypal account, you can you it to fund your Metamask wallet. If you don't have one, Metamask users are going to be able to select their Paypal account as a payment option to buy ETH. This feature is limited to Ethereum for the moment and should already be available to some US PayPal users.

Reference
Reference
Reference