As concerns about climate change and environmental sustainability continue to grow, many organizations are turning to innovative solutions to help address these pressing issues. One such solution is blockchain technology, which has the potential to revolutionize sustainability efforts across a variety of industries. On April 25, a World Economic Forum (WEF) whitepaper featured blockchain as a tool to fight climate…
press release PRESS RELEASE. As Bitcoin becomes an increasingly popular payment option, we can now use BTC for quick ordering and online shopping in many countries/regions. You can even buy a car with BTC in some places. None of this would be possible without Laszlo Hanyecz, a Bitcoin pioneer who bought two pizzas with 10,000 bitcoins 13 years ago. This…
Bitcoin transaction fees saw a sharp surge in early May, reaching their highest point over the past two years, according to data from CryptoFees. On May 3, the total amount of fees paid on the Bitcoin blockchain reached an amount of $3.5 million, jumping about 400% from late April. The average Bitcoin transaction fee reached as much as $7.2, according…
Thanks to an increase in the amount of Bitcoin sold to its customers, Block’s Cash App generated $50 million of Bitcoin gross profit in the first quarter of 2023, up 16% year-over-year, the company said in a shareholder letter Thursday. The total sale amount of Bitcoin sold to customers, which Block said it recognizes as Bitcoin revenue, was $2.16 billion,…
In the United States, the White House released the national standards strategy for key and emerging technologies on May 4, identifying eight technology sectors that will have a significant economic impact in the near future. Among the eight technologies are artificial intelligence, communication and network technologies, biotechnology and semiconductors, with the inclusion of distributed ledger technology (DLT) and digital identity…
The Nigerian Federal government said on May 3 it had passed what it called the “national blockchain policy.” The Nigerian minister of communications and digital economy, Isa Pantami, said the new policy is a product of consultations with 56 institutions and personalities. Lucky Uwakwe, the founder of the technology service delivery company Sabi Group, said the Central Bank of Nigeria…
Zimbabwe’s central bank has set a price for its gold-backed digital tokens. The country is planning to sell its gold-backed digital currency to investors starting May 8. The tokens will be sold at a minimum price of $10 for individuals and $5,000 for corporates and other entities. According to a statement released by the Reserve Bank of Zimbabwe on May…
Ethereum’s gas fees have surged above a one-year high as the demand for trading the PEPE meme coin continues to soar. The average cost of a single transaction on Ethereum jumped above $15.82 on May 4. While Ethereum’s mean transaction fees have reached much higher levels of between $50 to $70 in 2021, things have been quiet since the market…
Bitcoin (BTC) eyed a reclaim of further lost ground on May 5 as $30,000 remained in play. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price action rebounds from stocks slump Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spiked to $29,529 on Bitstamp – a new May high. The pair had dipped with United States equities…
According to a critique written by a senior software engineer at Google, the company is losing its advantage in artificial intelligence (AI) to the open-source community. The engineer contends that independent researchers in open-source technology are making swift and unforeseen strides in AI technology. In early April, Luke Sernau, a software engineer at Google, published a document on an internal…
