Ethereum’s Environmental Footprint: Breaking Down the Misconceptions By Yorke E. Rhodes III, EEA Board Member and Co-Founder blockchain @Microsoft There’s no denying that blockchain, Ethereum, non-fungible tokens (NFTs) and the entire ecosystem surrounding them have been maturing quickly and gaining traction with a mainstream audience. However, while the space continues to amass loyal and enthusiastic …
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Quick take: The Avalanche Foundation has launched the ‘Avalanche Multiverse’ This is a $290 Million incentive program meant to increase the use and adoption of its ‘subnet’ feature ‘Subnets’ are a form of scaling on Avalanche through custom blockchains Avalanche will kick off the program by collaborating with DeFi Kingdoms, Aave, Golden Tree Asset Management, …
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Quick take: Ukraine has purchased military gear with $15 million from crypto donations The supplies include bulletproof vests, night vision goggles, medical equipment, and military-grade food rations Total crypto donations to Ukraine have exceeded $64.6 million Ukraine’s Vice Prime Minister, Mykhailo Fedorov, is optimistic donations will hit $100 million this week Ukraine has reportedly utilized …
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Apple co-founder called bitcoin “pure-gold mathematics.” Wozniak has previously offered similar praise about bitcoin, touting its mathematical purity. He is more cautious about altcoins and NFTs, saying that they can be predatory. Apple co-founder Steve Wozniak has offered effusive praise on Bitcoin, saying that it is “pure-gold mathematics” in an interview with Business Insider. Wozniak …
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The leading DeFi pair, Andre Cronje and Anton Nell are quitting the DeFi sector The pair also announced the list of 25 applications that will be terminated upon their departure The news impacted the prices of cryptos mainly YFI, KP3R and FTM, which recorded a significant drop in its prices. The prolific DeFi experts Andre …
In brief: Coinbase has blocked over 25,000 crypto addresses related to Russian individuals or entities believed to be engaged in illicit activities The addresses were identified through Coinbase’s blockchain analytics program Most of the crypto addresses had been identified before Russia invaded Ukraine on February 24th Blockchains are very transparent and provide a formidable tool …
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The EOS network benefited from a 273% increase in total value locked in February. Lending platforms EOS REX and DeFiBox are the two major contributors to TVL. Development activity on EOS also remains consistent. The EOS network experienced an unusually high increase in total value locked (TVL), gaining 273% in the month of February. EOS …
Quick take: Binance has launched its official fiat-to-crypto payments provider Known as Bifinity, the platform will be powered by Binance Bifinity has partnered with EQONEX, a Nasdaq listed crypto exchange Bifinity has also partnered with Safepal and Zilliqa to offer fiat on and off-ramp solutions to their user base The payments platform has also partnered …
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Quick take: FTX has acquired an operational license from the Cyprus financial regulator of CySEC The crypto exchange now has the go-ahead to offer crypto products and services across the European Economic Area FTX Europe will be headquartered in Switzerland with a regional base in Cyprus The exchange promises to work with regulators in the …
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OpenSea sales recorded a slight decline in February. The marketplace recorded sales worth $3.65 billion as compared to $5 billion reported last month Meanwhile, Avalanche and Flow Blockchains continue to soar despite the current NFT market slump The overall trading volume of NFTs recorded a slight slump in February, after gaining wider momentum in January …
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Quick take: Billionaire founder of Citadel Securities has changed his mind about cryptocurrencies Mr. Griffin admitted that he had not made the right call on crypto over the last 15 years Citadel Securities is considering an offering of cryptocurrencies to institutions and investors Ken Griffin, the Billionaire founder of Citadel Securities, has changed his mind …
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Quick take: Officials in the EU and US have expressed concerns that Russia might use cryptocurrencies to evade sanctions The EU is taking all measures to guarantee that digital assets will not be an alternative for Russia amidst sanctions US Senators have asked Treasury officials, how they are overseeing digital assets in the wake of …
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Metamask abruptly halted its services in Venezuela last night citing compliance issues The sudden abruption in services prompted Venezuelans and Iranians to tag MetaMask on Twitter, seeking quick redressal to the problem. MetaMask later revealed the issue had resulted due to a misconfiguration which has now been resolved Several MetaMask users based in Venezuela had …
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In Summary Ukraine canceled its airdrop short before it was due. Instead, the country will release NFTs to support the Ukrainian Armed Forces. Ukraine has received over $50 million in crypto donations so far. Ukraine has turned around on its decision to airdrop fungible tokens to those who donated to its cause, Vice Prime Minister …
Quick take: ConsenSys is facing a multi-billion audit as a result of 35 shareholders filing a request with Swiss Courts to investigate irregular financial transactions The transactions involve the transfer of intellectual properties and subsidiaries from ConsynSys AG to ConsenSys Software Incorporated (CSI) without the knowledge of the 35 shareholders Joseph Lubin is a major …
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