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Japanese power giant Tepco explores ‘green’ Bitcoin mining

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TEPCO, Japan’s largest electric utility, is reportedly venturing into green Bitcoin mining as part of its broader strategy to align with sustainable energy practices. The move highlights the company’s efforts to integrate environmentally friendly technologies into its operations amid growing concerns over the environmental impact of cryptocurrency mining.

According to recent reports, TEPCO is exploring ways to utilize its surplus renewable energy resources for Bitcoin mining activities. The company is considering the development of mining facilities powered by green energy sources, including hydroelectric, solar, and wind power, as part of its commitment to reducing carbon emissions and promoting sustainability.

TEPCO’s initiative comes at a time when the cryptocurrency industry faces increasing scrutiny over its energy consumption and environmental impact. Bitcoin mining, in particular, has been criticized for its high energy demands and reliance on fossil fuels. In response, several companies in the sector are seeking ways to mitigate their environmental footprint by transitioning to renewable energy sources.

A TEPCO spokesperson confirmed the company’s interest in green Bitcoin mining, stating, “We are exploring innovative ways to leverage our renewable energy resources to support sustainable practices in emerging industries. By integrating green energy into Bitcoin mining, we aim to contribute to a more sustainable future while utilizing our energy infrastructure effectively.”

The exploration into green Bitcoin mining aligns with TEPCO’s broader goals of transitioning to renewable energy and reducing its overall carbon footprint. The company has been investing in various sustainable energy projects and technologies as part of its commitment to environmental stewardship and energy innovation.

Industry experts view TEPCO’s move as a significant step toward addressing the environmental concerns associated with cryptocurrency mining. By utilizing renewable energy for mining operations, the company could set a precedent for other energy providers and cryptocurrency miners seeking to adopt more sustainable practices.

As TEPCO advances its green Bitcoin mining strategy, it will likely collaborate with technology providers and industry stakeholders to develop efficient and eco-friendly mining solutions. The success of such initiatives could play a crucial role in shaping the future of sustainable cryptocurrency mining and contributing to broader environmental goals.

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Binance tightens South African compliance rules for crypto transfers

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Binance is tightening compliance measures for crypto transactions in South Africa, announcing it will fully implement the country’s Travel Rule requirements beginning January 2025. The move aligns with regulations set by South Africa’s Financial Intelligence Centre (FIC) and reflects the exchange’s broader efforts to meet global anti-money laundering standards.

Under the new rules, Binance will require South African users to include verified personal information—such as names, addresses, and account details—when sending or receiving crypto between platforms. These changes are designed to increase transparency and traceability of digital asset transfers, making it harder for illicit actors to exploit decentralized networks.

Binance emphasized that users must complete know-your-customer (KYC) verification before transferring crypto to or from external wallets. Transfers to non-compliant platforms may be restricted or flagged, while internal transfers within Binance or to Travel Rule-compliant entities will remain unaffected.

The announcement follows South Africa’s decision in 2023 to designate crypto as a financial product, placing digital asset providers under the supervision of the FIC. The country has since taken steps to integrate crypto into its formal regulatory structure, including licensing requirements and mandatory reporting obligations.

With enforcement beginning in 2025, Binance urged users to familiarize themselves with the new procedures to avoid disruptions. The exchange also plans to provide additional guidance and tools to help users remain compliant as the deadline approaches.

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Ethereum bounces back as market dominance recovers from all-time low

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Ethereum has staged a notable recovery after recently experiencing its lowest market dominance since its early days. The turnaround comes as ETH surged nearly 4% in the past 24 hours, climbing back above the $3,100 mark and narrowing its underperformance gap relative to Bitcoin.

For much of 2024, Ethereum has trailed behind Bitcoin and a growing wave of altcoins, with its market share dropping below 15% — levels not seen since 2015. The slump was driven by investor focus on Bitcoin ETF momentum, lackluster institutional interest in ETH, and rising competition from layer-1 and layer-2 networks offering faster and cheaper alternatives.

Despite these challenges, Ethereum’s fundamentals remain strong. Data shows a healthy uptick in active addresses, transaction volumes, and total value locked in DeFi protocols built on Ethereum. Additionally, hopes remain high for the approval of a spot Ethereum ETF in the U.S., with analysts suggesting a potential turnaround in institutional flows if approved.

Traders are now watching whether this rebound signals a sustained trend reversal or just a temporary relief rally. With key upgrades and ecosystem developments still in the pipeline, Ethereum’s ability to regain dominance may hinge on reigniting both investor confidence and broader developer activity.

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SEC says it won’t re-file fraud case against Hex’s Richard Heart

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The U.S. Securities and Exchange Commission (SEC) has confirmed it will not pursue a retrial in its fraud case against HEX founder Richard Heart, effectively bringing an end to one of the agency’s high-profile crypto enforcement actions.

The decision follows a recent court ruling that dismissed several key allegations against Heart, including claims that he misled investors and violated securities laws through the promotion and sale of HEX, PulseChain, and PulseX tokens. While the SEC initially signaled it would consider further legal options, it has now opted to forgo additional litigation.

Heart, a controversial figure in the crypto world, had long denied the SEC’s accusations, framing the lawsuit as an overreach by regulators. The agency had alleged that Heart raised over $1 billion from investors while misrepresenting how funds would be used and failing to register the offerings.

With the SEC stepping back, the dismissal marks a rare instance in which the regulator has chosen not to continue a crypto-related fraud case, potentially signaling a reassessment of its approach amid growing legal pushback and mounting scrutiny over its enforcement tactics.

Although the case is now closed, legal analysts suggest the outcome could influence future regulatory efforts and may embolden other crypto founders facing similar challenges. Heart, meanwhile, has positioned the development as a vindication, reaffirming his stance that HEX and related projects were never in violation of U.S. securities laws.

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