Tesla to start bitcoin mining, Strike integrates Lightning in Shopify and Luna Treasury nears 40.000 BTC
Tesla to start bitcoin mining
Blockstream, Block and Tesla are starting a pilot for solar- and battery-powered bitcoin mining. It uses the solar and storage technology from Tesla in Texas; the 3.8 megawatt solar PV array and 12 megawatt-hour Megapack.
Blockstream co-founder and CEO Adam Back told CNBC on the sidelines of the Bitcoin 2022 conference in Miami that the mining facility is designed to be a proof of concept for 100% renewable energy bitcoin mining at scale.
“People like to debate about the different factors to do with bitcoin mining. We figured, let’s just prove it. Have an open dashboard so people can play along, maybe it can inform other players to participate.”
Strike announces Shopify integration and partners with NCR
Strike, a digital payments platform built on Bitcoin’s Lightning Network, launches integration with e-commerce company Shopify. Now eligible U.S. Shopify merchants will be able to receive bitcoin payments from customers globally as U.S. dollars.
Besides that, Strike also partnered with NCR, the world’s largest point-of-sale (POS) supplier, and payments firm Blackhawk.
The announcement underscores the growing adoption of the Lightning Network. Last week, Robinhood unveiled plans to integrate the solution into its technology stack, joining firms like cryptocurrency exchange Kraken, Twitter and Block.
Luna Foundation’s Treasury nears 40,000 bitcoin
The Luna Foundation Guard (LFG) a non-profit mandated to build reserves for Terra’s algorithmic stablecoin UST, has added around $173 million worth of the flagship cryptocurrency bitcoin to its holdings over the weekend through a series of purchases.
The Luna Foundation Guard now has around 39,897 BTC in its wallet. With the current prices it’s worth over $1.66 billion.
According to data shared by the LFG, BTC now makes up around 64.1% of the stablecoin’s reserve, with around 15.4% being in the USDC stablecoin and 6.4% being in the UST stablecoin. Roughly 14.1% are in Terra’s native token LUNA.
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