A new study by researchers at Cornell University found that Bitcoin mining could mitigate against climate change by accelerating the shift to renewable energy. The study, “From Mining to Mitigation: How Bitcoin Can Support Renewable Energy Development and Climate Action,” investigated planned renewable energy projects in the U.S., calculating the potential profit from Bitcoin mining during the precommercial development phase. During…
United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19. According to the Nov. 29 announcement, new crypto account openings on SoFi are suspended immediately. All existing SoFi crypto users must either migrate their accounts to Blockchain.com or close them. In addition, customers residing in Hawaii, Louisiana, New Jersey, Nevada, Tennessee, Texas…
When big innovations change the world, people tend to argue about them. Will Web3 finally democratize the internet? Is decentralization real? I’m a data guy. I don’t consider myself in a position to answer questions about Web3’s cultural impact. I can, however, point out that griping is nothing new. It predictably happens just when the biggest changes are coming. Consider…
“Off the Grid” isn’t your typical blockchain game. Gunzilla Games, the studio behind the upcoming multiplayer free-to-play shooter, has “Chappie” and “District 9” director Neill Blomkamp as its chief creative officer and Warface developer Vlad Korolev as its CEO. The company also has about 260 full-time employees working on the game and its crypto-powered ecosystem, Korolev shared with Decrypt in…
Cross-chain protocol Wormhole has secured a $225 million investment at a valuation of $2.5 billion. According to the Nov. 29 announcement, the investment round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, and Arrington Capital. The Wormhole Foundation also announced the launch of Wormhole Labs, which the company says “is an independent technology…
Every day this week we’re highlighting one genuine, no bullsh*t, hype free use case for AI in crypto. Today it’s the potential for using AI for smart contract auditing and cybersecurity, we’re so near and yet so far. AI artwork for the ChatGPT written TurboToad memecoin. (Twitter) One of the big use cases for AI and crypto in the future…
Bitcoin whales may yet spark mass profit-taking should BTC price action target $40,000 or higher. Source: https://cointelegraph.com/public/index.php/news/bitcoin-whale-games-warning-btc-price-40k-us-data
Cryptocurrency exchange Poloniex is preparing to resume withdrawals and deposits after suffering a $100 million hack on Nov. 10. Poloniex took to X (formerly Twitter) on Nov. 29 to announce that it will be gradually resuming deposit and withdrawal services on Nov. 30 at 02:00 am UTC. The crypto exchange stressed that it will implement a phased resumption of the…
A new Bitcoin nonfungible token (NFT) marketplace aims to reduce network fees associated with the advent of Bitcoin Ordinals inscriptions by tapping into the Internet Computer Protocol (ICP). Developed off the back of the creation of Bitcoin Ordinals in early 2023, Bioniq operates on the ICP and taps into its native Bitcoin integration to power the trade of Bitcoin-based Ordinals…
The Ordinals protocol—which enables the inscription of NFT-like assets on the Bitcoin blockchain—commanded the attention of the crypto world at the start of the year, and the space has continued to grow and evolve since. And here’s a new twist: The latest Bitcoin Ordinals marketplace isn’t even built on Bitcoin. Bioniq, which is backed by Polychain Capital and officially opens…
