Month: May 2022

Flowcarbon Partners with Celo Blockchain to Create Carbon Market Ecosystem

Climate technology company Flowcarbon has partnered with the carbon-negative blockchain Celo Foundation to create a carbon market ecosystem, which enables carbon credits to be traded on the Celo network in the form of Flowcarbon’s Goddess of Nature token (GNT). The carbon market ecosystem, that Flowcarbon and Celo are creating, is a platform for project developers to tokenize their carbon credits, sell tokens at GNT market prices, and achieve real-time credit on-chain. The partners purchased at least $10 million worth of GNT, creating liquidity and making the carbon trading market more…

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IMF Says Central African Republic’s Bitcoin Adoption Poses Risks – Featured Bitcoin News

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The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well. CAR’s Bitcoin Adoption Has Financial and Legal Issues The IMF has reportedly said the CAR’s recent decision to adopt bitcoin poses a number of challenges for the country and the region. The comments by the global lender mark the first time it has publicly reacted to CAR’s…

Mining company Argo Blockchain to Launch Flagship Mining Facility in Texas

The London-listed Bitcoin mining company Argo Blockchain will officially launch its flagship mining facility Helios in Texas next week. According to the company’s filings with the London Stock Exchange, The first phase of development of Helios will utilize 200 MW of power generation capacity, and Argo’s hash rate will increase by 243% and is expected to reach 5.5 EH/s by the end of 2022. Per the filing, Helios also has up to 600 MW of additional generating capacity, enabling Argo’s operations to grow significantly to more than 20 EH/s. Argo…

Dive Into The Cryptoverse With Phemex Online Learning Solution

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The cryptoverse is vast and there are a lot of things to learn. With so many new parts of the industry popping up, it can seem like a gargantuan task to learn about all of these different parts. While one can never really learn everything there is to know about crypto, absorbing as much as you can is the difference between a highly profitable crypto journey or one filled with losses. Phemex helps to bridge this knowledge gap by providing an educational platform where crypto users can learn about the…

Hedge Fund Marshall Wace Forms Workforce, Focusing on Blockchain Investments

Investment firm Marshall Wace is forming a blockchain team to focus on investing in private blockchain-related companies. The company has also hired William Benattar, who has made technology investments in UK property developer Nick Candy’s family office, to prepare for its crossover investment The firm aggressively raised a new digital finance fund last July to invest in high-tech companies in areas, such as blockchain technology, digital payments and stablecoins. Marshall Wace LLP is a hedge fund based in London, founded by Paul Marshall and Ian Wace in 1997. As of…

‘Someone is blowing up’ — Bitcoin sees 2022 volume record amid hopes capitulation is over

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Bitcoin (BTC) dipping below $36,000 “smells like capitulation,” one trader says as suspicion mounts over U.S. stock markets. In a tweet on May 6, Cointelegraph contributor Michaël van de Poppe suggested that the BTC price was at least giving “serious signals.” Analyst: Stocks saw “forced liquidation” After plunging to 10-week lows in line with equities on the May 5 Wall Street trading session, Bitcoin bounced at levels last seen in February. The downturn in both crypto and stocks, which followed an initial bounce the day prior on the back of expected…

Drops DAO launches Mainnet To Allow Borrowing of NFT-collateralized Loans

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The mainnet launch opens up the crypto ecosystem to instant decentralized loans using non-fungible tokens (NFTs), JPEG and metaverse assets as collateral. Drops DAO, a decentralized lending platform, is celebrating the launch of its mainnet, unlocking its ecosystem for users to borrow loans and interact with everything the ecosystem has to offer. Announced Wednesday, the transition to the mainnet will provide users with collateralized loans for NFTs, DeFi assets, and metaverse collections. The launch of the mainnet allows users to lock their assets as collateral, providing the NFT and DeFi…