Cambridge and IEA data shows bitcoin carbon intensity peaked last year

According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked. The environmental impact of bitcoin’s electricity usage is a favorite talking point of its critics and journalists on the crypto beat. But taking in the …

Axie Infinity (AXS) and Waves make gains as Bitcoin flatlines below $34K

Bitcoin (BTC) price remains relatively unchanged on the 24-hour chart, down 0.56% and trading around $33,200 at the time of writing. The overall cryptocurrency market traded flat on July 2 with the approach of the Fourth of July holiday weekend in the United States. The lackluster trading volume coincided with a slight decline in the …

Utility-focused NFTs: the future of blockchain art?

Transitioning from static digital collectibles to tokens with real utility will lead to a new generation of NFTs according to Tytan Inc the COO of NFTY labs, a platform focused on building products for the NFT space.  In a recent interview with Cointelegraph, he said that even if the market is saturated, there is still …

Greenidge plans to expand mining operations to South Carolina

Bitcoin mining company Greenidge Generation announced it would be starting operations in South Carolina as early as this year. In a Friday announcement, Greenidge said it would be operating in a carbon neutral crypto mining facility in the city of Spartanburg. The company said it had signed a letter of intent for a 10-year lease …

World’s Largest Crypto Asset Management Firm Launching Support for Cardano

Grayscale, the world’s largest crypto asset management firm, is adding Cardano (ADA) to its suite of investment products. The firm says it’s adding ADA to the Grayscale Digital Large Cap Fund, which offers retail and institutional investors exposure to a basket of altcoins. ADVERTISEMENT   Although it’s a new addition, Grayscale is making ADA the …

NFT Stars Has Gone Live, Prepare To Meet the First Artists

The new NFT marketplace NFT STARS is live. The marketplace is up and running and is about to make its debut NFT drops. Expect to see famous artists and public figures taking their first steps into the world of NFT, as well as unique features never before seen on the market. Dan Khomenko, CEO of …

Major Stablecoin Shakeup Underway As Tether (USDT) Loses Grip on Ethereum Dominance: Messari

Messari crypto research analyst Ryan Watkins predicts Tether (USDT) will lose its majority status as a stablecoin on the Ethereum blockchain in coming weeks. Messari’s data shows the fall of USDT is due to the rise of USD Coin (USDC), which was developed by the Centre Consortium founded by Coinbase and Circle. ADVERTISEMENT   “In …

Bitcoin spring? Wyckoff ‘groundhog’ indicates crypto winter may last another 6 weeks

The Wyckoff Accumulation technical chart pattern has become the latest trending topic when anticipating where the price of Bitcoin (BTC) may go next. Some analysts have said that BTC’s recent dip below $29,000 signaled the “Spring” phase, which will soon be followed by a climb higher.  BTC/USDT price vs. Wyckoff Accumulation model. Source: Twitter While …

Stablecoins under scrutiny: USDT stands by ‘commercial paper’ tether

The stablecoin market has been growing exponentially, and last week, Eric Rosengren — president of the Federal Reserve Bank of Boston — appeared to raise a cautionary flag.  “There are many reasons to think that stablecoins — at least, many of the stablecoins — are not actually particularly stable,” he said in remarks before the …

Proposed bill in Iran could ban all foreign-mined cryptocurrencies

A new bill drafted by the Iranian Parliament Commission on Economy aims to restrict the use of cryptocurrencies within the country while providing a clearer legal framework for miners. According to a Friday report from the Tasnim News Agency, lawmakers drafted a bill titled “Support for cryptocurrency mining and organizing the domestic market for exchanges,” …

Bitcoin’s key momentum metric hints at bullish divergence as BTC clings to $33K

A recent run-down in the Bitcoin (BTC) market faces the prospects of exhaustion before confirming a full-fledged bearish breakdown, so reflects a classic momentum-based oscillator. RSI forming higher lows Dubbed as Relative Strength Index, or RSI, the indicator measures the speed as well as change of directional price movements. It operates within a set range …

Coinbase Pushing To Add As Many Crypto Assets As Possible – These Altcoins Could Soon Launch on the Exchange

Coinbase CEO Brian Armstrong says the top US crypto exchange is working to list as many altcoins as possible. Armstrong tells his 723,000 Twitter followers that Coinbase is doing its best to quickly and legally list every asset under the sun. ADVERTISEMENT   “Reminder about how Coinbase lists assets: our goal is to list *every* …

NBA’s Portland Trail Blazers to wear crypto logo for next five years

The Portland Trail Blazers, an American professional basketball team competing in the National Basketball Association (NBA), is moving into the cryptocurrency industry with a new partnership. The NBA announced Thursday that the Trail Blazers has landed the league’s first jersey patch sponsorship program with StormX, a blockchain company allowing users to earn crypto rewards by …

Bitcoin.org blocks access to Bitcoin software download in the UK

It is no longer possible to download the Bitcoin Core software from Bitcoin.org if you visit the website with a United Kingdom internet protocol (IP) address. A notice on the website reads: “This software is presently not available for download in the UK, and download links will not work if you are located within the …

Child’s play: Gajesh Naik, 13, manages a fortune in DeFi

At 13, it is hard to believe that anyone can understand the potential — and responsibility and danger — of holding private keys to half a million dollars while living life as a normal seventh-grader in India. What makes the case of Gajesh Naik, the 13-year-old decentralized finance (DeFi) wunderkind from Goa, so unique is …

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