Day: June 10, 2022

Bitcoin’s real energy use questioned as Ethereum founder criticizes BTC

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The ever-raging debate around Bitcoin’s energy consumption has been re-ignited, with founding member of Ethereum Anthony Donofrio claiming that Bitcoin is using “way too much” energy.  According to figures from Digiconomist, Bitcoin (BTC) currently uses 0.82% of the world’s power while Ethereum (ETH) uses 0.34%. Ethereum researcher Justin Drake posted the figures to his 56,000 followers that Donofrio retweeted, stating: If bitcoin is really using nearly 1% of the energy on earth that is way too much for a pet rock. https://t.co/CDL32jk5FF — Texture, PhD (@iamtexture) June 9, 2022 Ethereum…

Samsung Asset Management to launch blockchain ETF in Hong Kong

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Hong Kong-based Samsung Asset Management (SAMHK), a local subsidiary of Samsung’s investment arm, is moving forward with a blockchain-themed exchange-traded fund (ETF). The firm expects to launch its Samsung Blockchain Technologies ETF on the Hong Kong Stock Exchange on June 23, SAMHK announced on Thursday. The ETF seeks to achieve long-term capital growth by investing in stocks of companies actively involved in the development and adoption of blockchain technologies, the fund prospectus reads. The fund will invest in blockchain-related research and development firms, data providers, industry investment firms and others.…

Best Free Bitcoin Mining App & Ways To Increase Your Mining Earnings!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video is the best free Bitcoin mining app & about 4 ways to increase your mining earnings on this app. If you are looking forward to mining & earning free Bitcoin, by not putting in anywork or by not investing any bitcoin this app is a very great option for mining free Bitcoin. Among the four ways to increase your bitcoin mining speed may have included buying a mining plan, but it is all by your choice. ✅Start Mining Free…

Anchorage forms custody network with five crypto exchanges

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Crypto custody firm Anchorage Digital has recently formed an exchange custody network with five digital asset trading platforms to segregate institutional client funds from exchanges into regulated asset vaults.  In an announcement, the custodian mentioned that it has partnered with Binance.US, CoinList, Blockchain.com, Strix Leviathan and Wintermute. According to Anchorage, this will provide institutions with direct access to a wide range of trading pairs. The custody firm also noted that the formation of the custody network allows institutions like Registered Investment Advisors to meet their obligations to their clients in…

85% of Merchants Say Enabling Crypto Payments Is High Priority – Featured Bitcoin News

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A survey conducted by Deloitte in collaboration with PayPal found that over 85% of merchants “are giving high or very high priority to enabling cryptocurrency payments.” In addition, “nearly three-quarters of those surveyed reported plans to accept either cryptocurrency or stablecoin payments within the next 24 months.” Majority of Merchants Surveyed Plan to Enable Crypto Payments Financial services firm Deloitte published a report titled “Merchants getting ready for crypto” on Wednesday in collaboration with payments giant Paypal. The report includes the results of a survey conducted between Dec. 3 and…

Blockchain is the Solution to Recycling

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For a long time, improper waste management has been polluting oceans and landfill sites with plastic that will never break down. The waste to water ratio of water bodies is devastatingly alarming. In turn, this is having a detrimental impact on marine life. It is no secret that our planet is in trouble. We’re facing a climate crisis, and a big part of the problem is the amount of waste that’s clogging up our landfills and oceans. This kind of pollution can cause entanglement, suffocation, and ingestion of toxic chemicals…

What did the world’s elite think of crypto?

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Cointelegraph introduces “Crypto Street,” a series of spontaneous conversations with strangers on the street to educate, entertain and take a temperature check on the world’s relationship with crypto. The first episode comes from the gates of the World Economic Forum (WEF) in Davos, Switzerland. Cointelegraph reporter Joseph Hall attempted to speak with the world’s elite where he was rejected, ridiculed, and ignored before stumbling across crypto believers among the WEF attendees. Sporting a Cointelegraph sweatshirt with the loudest Bitcoin (BTC) logo, Hall asked passersby to guess what was print represented. Some WEF-goers…

$30K BTC price has ‘severe impact’ on Bitcoin miner profits — analysis

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Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability. The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment. Miner production cost faces off with BTC price While Bitcoin miners have largely held off on major distribution as BTC/USD descends from all-time highs, the picture now appears precarious. Calculations from on-chain analytics platform CryptoQuant reveal that miners’ production price — how much it costs to mine a single Bitcoin — could be right where the current spot…

$30K BTC price has ‘severe impact’ on Bitcoin miner profits — analysis

Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability. The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment. Miner production cost faces off with BTC price While Bitcoin miners have largely held off on major distribution as BTC/USD descends from all-time highs, the picture now appears precarious. Calculations from on-chain analytics platform CryptoQuant reveal that miners’ production price — how much it costs to mine a single bitcoin — could be right where current spot price…