Bitcoin mining becomes more sustainable: Mining Council’s Q4 survey

The percentage of the global Bitcoin mining industry running on renewable power increased by 1% to 58.5% in the fourth quarter of 2021 according to new data. The Bitcoin Mining Council (BMC) announced the findings of its fourth quarter survey on Jan. 18. The survey focused on three metrics: sustainable power mix, technological efficiency and electricity consumption. Q4 #Bitcoin Mining Council Survey Confirms Improvements in Sustainable Power Mix and Technological Efficiency. Estimated sustainable energy mix was 58.5%. Join us at 5pm ET today for a full briefing.https://t.co/t1gTZV9GtT — Michael Saylor⚡️…

Strike wallet is 5th most popular finance app in Argentina, but where’s the BTC?

Strike’s digital wallet has become the fifth most popular finance app in Argentina within a week of its launch. The firm, led by hoodie-wearing CEO Jack Mallers, rolled out its crypto payment services for the Argentinian market on Jan 12. Strike is famed for enabling Bitcoin (BTC) payments via the Lightning network, particularly in El Salvador. However, according to local media and user reports, the firm’s app in Argentina reportedly currently only supports the use of Tether’s stable coin USDT for transfers via Lightning. Users are able to purchase Bitcoin…

TechCabal Daily – Untangling Web3

UNTANGLING WEB3 You’ve probably seen tech bros throw the word “Web3” around a lot. It’s the answer experts give to questions from “What is the future of the internet?” to “What does Spiderman navigate the internet with?” But what exactly is Web3? To understand it, here’s a brief history of the internet: Web1 was the earliest version of the internet, which existed between the 1900s and the early 2000s. In this version, content was delivered via texts and graphics to users who could only consume the content but not interact…

Coinbase’s NFT Platform to Allow Purchase With Credit & Debit Cards

Coinbase Global Inc will start allowing users to buy non-fungible tokens (NFTs) with credit cards and debit cards following its new partnership with Mastercard. To simplify the experience of buying NFTs in its new platform, Coinbase will allow users to do so without owning cryptocurrencies. The company has now accumulated more than 2.5 million people on its waitlist for its new platform since it announced the plan last October. Per its announcement from the official blog, Coinbase’s new plan has made it a challenger to leading NFT platforms such as…

Bitcoin Reaches Key Juncture, Why Recovery Won’t Be Easy

Bitcoin traded towards $41,200 before recovering against the US Dollar. BTC must clear $42,800 to start a fresh increase in the near term. Bitcoin extended decline and traded below the $42,000 support zone. The price is still trading below $43,000 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $42,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear move above the $42,800 resistance. Bitcoin Price…

Betting on Web 3, Microsoft to Acquire Activision Blizzard for $68.7B In Biggest Gaming Deal in History

Betting on Web 3, Microsoft to Acquire Activision Blizzard for $68.7B In Biggest Gaming Deal in History Jan 18, 2022 Microsoft is buying video game company Activision Blizzard, the maker of “Call of Duty,” for nearly $69 billion in a potential bet on Web 3. This comes amid gamers turning their backs on non-fungible tokens (NFTs). “The Hash” panel discusses the implications for Microsoft and the next internet generation following the biggest gaming industry deal in history. Author: Source link

The House Looks Into Crypto's Energy Impact

A House committee will take a look at crypto and its energy requirements this week. It’s another congressional look at crypto. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Yet another crypto hearing The narrative Crypto’s energy use has been under scrutiny for quite a while. We’re going to hear from U.S. lawmakers about the issue for the first time in years on Thursday, when the House Energy and Commerce Committee hosts a hearing titled “Cleaning Up…

Blockchain Firm Animoca Brands Raises $358 Million to Enhance Web3 and the Metaverse – Finance Bitcoin News

Animoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster the non-fungible token (NFT) industry and “build the open metaverse.” The capital raise follows the firm’s previous $65 million and $138.88 million raises last year and today, Animoca Brands has an overall valuation of $5 billion. Animoca Brands Raises $358 Million in Financing Led by Liberty City Ventures, Blockchain Company Has Pre-Money Valuation of $5 Billion The firm Animoca Brands is a global developer utilizing popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile…

Jack Dorsey and Marc Andreessen’s Crypto Feud Puts Web3 at Risk

Intentions aside, things go awry. There are bugs and hacks and there are kinks yet to be worked out. ConstitutionDAO, a group hastily created to bid on an original copy of the U.S. Constitution, raised about $47 million in November from thousands of investors. But after it lost the auction bid, DAO’s core team struggled to come up with a plan to return investments as contributors bickered in online group chats. The average investment was about $200, but now the investors may have to pay that much in fees to…