Cryptocurrency Analysis and News Portal
Quick take: Huobi Global has announced the acquisition of Bitex to expand its presence in the Latin America region that continues to embrace crypto. Bitex, founded in 2014, is one of the first regional crypto exchanges in Latin America, providing services in Argentina, Chile, Paraguay, and Uruguay. Huobi will integrate Bitex operations into
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Avalanche (AVAX) price is down more than 30% in April, but despite the negative price move, the smart contract platform remains a top contender for decentralized applications due to its scalability, low-cost transactions and its large footprint in the decentralized finance (DeFi) landscape.AVAX token/USD at FTX. Source: TradingViewThe network is
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Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels, they claim. Bitcoin Mining Allegedly Less Green Since Miners’ Exodus From China Cryptocurrency mining
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BitRiver Rus, based in Irkutsk, Siberia, is one of the largest mining firms in Russia, offering hosting services for large-scale mining. Its data centers are 300 megawatts, and the company plans to increase their size over sixfold by the end of 2022. The company manages five proprietary data centers it
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The world of blockchain has no shortage of opportunities. According to Footprint Analytics, 9 major tokens (those in the top 100 Market Cap) did a 100x the past year. Footprint Analytics – Major Tokens that Rose in Price 100x in the Past Year While those new to crypto might see the market
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Built with an emphasis on simplicity and ease of use, Polygon (previously Matic) is designed to let organizations and businesses create and deploy their own decentralized applications (dApps). The platform serves as a layer-2 scaling solution that addresses the scalability and rising gas costs of Ethereum and other EMV-compatible networks.
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The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is currently drawing up a list of witnesses. They will be questioned about the energy use of proof-of-work mining, the type of mining used for bitcoin, according to the report. Original Source
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The social DAO Friends with Benefits began raising funds in the first half of 2021 and, as of early September, completed a $10 million funding round at a valuation of $100 million. The token FWB soared from $17.69 to $190.69, an increase of 977%. In October, it received another investment
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Due to the carbon footprint of mining operations, some governments and regulators, such as the Chinese, are taking action, the report said. But as the market value of cryptocurrencies expands “people will find a way to mine, trade and use cryptocurrencies, especially in an unregulated market.” Original Source
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“Given the extraordinarily high energy usage and carbon emissions associated with Bitcoin mining, mining operations at Greenidge and other plants raise concerns about their impacts on the global environment, on local ecosystems, and on consumer electricity costs,” she wrote, asking for a detailed response by Dec. 17. Original Source
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