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Competition is an issue, as leading DSPs have built “economic moats” around their businesses by offering large music offerings through record labels and by leveraging personal data to improve the user experience, the note said. Smaller DSPs, such as Audius, are faced with a “Catch-22 scenario,” as user adoption is
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A recent nonfungible token (NFT) listing on GameStop’s marketplace became the center of controversy in the NFT world. The listing received heavy backlash from the community, which prompted the marketplace to take action within a day, showing how a community can come together to reverse the wrong.The NFT in question,
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Nearly 60% of the electricity used to power Bitcoin mining machines comes from sustainable sources, according to the latest Q2 2022 report from the Bitcoin Mining Council (BMC).In its Q2 review of the Bitcoin network released on July 19, the BMC found that the global Bitcoin mining industry's use of
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Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking advantage of for some time, a
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British computer scientist and CEO of legal services chatbot DoNotPay, Joshua Browder, suggests investors sue the lender as it faces insolvency. He told CoinDesk TV’s “First Mover” a loophole in Celsius’ terms of service (Section 27 C) gives individual investors the ability to file a claim suit against Celsius Network
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Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies with subsidized electricity and penalties for government officials involved in mining. Tavanir Raises Fines for Illegal Cryptocurrency Mining The Iran Power Generation, Transmission and Distribution Company (Tavanir)
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In a statement shared with CoinDesk, Greenidge said the decision would not “have any impact on our current operations in Dresden.” The company said it will continue to operate under its current air permit, which is still in effect, “for as long it takes to successfully challenge this arbitrary and
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Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills.Dynamics posted on Twitter late on June 26 a letter it sent to Compass
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Decentralized autonomous organizations (DAOs) have become a rage in the ever-expanding crypto ecosystem and are often seen as the future of decentralized corporate governance. DAOs are organizations without a centralized hierarchy, intended to work in a bottom-up manner, where the community collectively owns and contributes to an organization's decision-making process. However,
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The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking the two-week-long fall in the mining hash rate, which reduced the commuting power for mining BTC blocks to 199.225 exahash per second (EH/s). According to the data shared by the Cambridge Centre for Alternative Finance, the
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