Bitcoin mining has long been attacked by policymakers as an expensive, wasteful industry consuming power that would otherwise be going to households or valuable industries. Indeed, the scale of global Bitcoin mining is massive: Coin Metrics estimates that Bitcoin miners today consume 13.5GW of power, equivalent to 15% of the peak generation capacity of the Texas grid. But in recent…
Shibarium is an Ethereum layer-2 network backed by Shiba Inu’s SHIB tokens and built atop the Ethereum blockchain. This layer, according to the Shiba Inu Ecosystem blog, “aims, as a protocol, to work on top of existing blockchain networks, allowing for faster, cheaper, and more private transactions to be processed off-chain, while still relying on the security of the underlying…
There is a global consensus that greenhouse gas (GHG) emissions are warming the planet, but efforts to accurately measure, report and verify these emissions continue to challenge researchers, nonprofits, corporations and governments. This is especially the case with “nature-based” projects to reduce carbon dioxide levels, like planting trees or restoring mangrove forests. This has inhibited the development of a voluntary…
Shavonne Wong may not actively seek the spotlight, but she undeniably attracts it. Now, the 3D artist is gearing up for her second solo exhibition, marking her European debut. Starting today and running until September 9, Wong’s solo show will be on full display at the NFT Factory in Paris. The event will showcase iconic works from the artist—including three…
GBTC shares trading at a lower implied value to BTC price may soon be a thing of the past, a new prediction says. Source: https://cointelegraph.com/app/public/index.php/news/gbtc-bitcoin-discount-2024-share-price-gains
TinyTap, an ed-tech subsidiary of Web3 developer Animoca Brands, announced on Aug. 30 the integration of new artificial intelligence (AI) and nonfungible token (NFT) tools aimed at educators and parents. The integration of AI will now allow educators, and anyone using the platform, to create an educational game via a topical prompt which will then generate the game within minutes.…
On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, the decision was favorable for Grayscale and its Grayscale Bitcoin Trust, which has over $16 billion in assets under management.…
Defunct crypto lending firm BlockFi applied to the court a request to transfer the trade-only assets from its users’ accounts into stablecoins, so they could be withdrawn by the individuals. The request marks another step toward the return of users’ funds, a process that the company began in August. On Aug 29, BlockFi filed an application to the United States…
In Sam Bankman-Fried’s ongoing legal proceedings, the Department of Justice (DOJ) has contested the validity of the FTX founder’s defense strategy. The DOJ, represented by U.S. Attorney Damian Williams, said on Tuesday that the court should preclude any “irrelevant, confusing, or prejudicial” questioning, evidence, or arguments concerning the involvement of attorneys unless further details are provided by Bankman-Fried. The disgraced…
The announcement of Patricia Token (PTK) by Nigerian crypto exchange Patricia was greeted by users with scepticism and some suspicion, as they took to social media to question the motives behind the move. Now, in a response to that reaction, the crypto exchange company has released a white paper seeking to explain the intended function of the Patricia Token. According to…
