The panel included Jorge Carrasco, the managing director of FTI Consulting (NYSE:FCN); Nikita Sachdev, the founder of Luna Media Corp; Jagadeshwaran Kothandapani, the head for Middle East and Africa for Citibank; and Eetu Kuneinen, the co-founder of the gold-backed stablecoin project DGC.Continue Reading on Coin Telegraph More
The Bitcoin network’s computational power is largely hosted by the U.S., China, and Kazakhstan, accounting for about 75% of its total. These countries derive 22.5%, 30.2%, and 11.3%, respectively, of their electricity from renewables. Despite this, coal remains a key energy source in Kazakhstan and China, although China also heavily invests in wind and solar power.Following China’s crackdown on cryptocurrency mining in 2021, many miners relocated to Kazakhstan due to its affordable electricity, lax regulations, and political stability. Other significant contributions come from Ireland, Singapore, Thailand, and Germany, which collectively host a substantial portion of the network.Miners often operate from mobile units known as ‘Bitcoin mining shipping containers’, choosing their locations based on regulatory regimes, electricity costs, and average temperatures. Interestingly, Canada has seen a rise in its network share to 6.5% due to its abundant hydroelectric resources.However, countries rich in renewable energy like Iceland, Paraguay, and Norway have a minimal presence in the global Bitcoin network. This highlights the complexity of the transition to renewable energy within the Bitcoin mining industry and underscores the need for further efforts to address climate change concerns.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
Il 12 Ottobre, testimoniando nel processo penale a carico di Sam “SBF” Bankman-Fried, Ellison avrebbe attribuito parte della colpa per il fallimento di FTX all’attività di CZ sui social media. Nell’ormai famoso tweet su X (ex Twitter) del 6 Novembre 2022, CZ ha annunciato che Binance avrebbe liquidato le sue partecipazioni in FTX Token (FTT) “a causa delle recenti rivelazioni che sono venute alla luce”. More
It seems a little different this time. Maybe it’s hard to pen such a eulogy with Bitcoin (BTC) hovering around $28,000, and a spot Bitcoin ETF on the horizon. Doesn’t seem like Ethereum’s dead either. Continue Reading on Coin Telegraph More
Comer also expressed concern about SEC “actions taken to circumvent Congress to further an agenda that harms American taxpayers.” Cryptocurrency proponents in Congress have often complained about Gensler in similar terms, but this letter is not about crypto. Rather, Comer was writing about coordination with the European Union (EU) on environmental, social, and governance (ESG) and climate-related issues, as well as SEC stonewalling.Continue Reading on Coin Telegraph More
In an Oct. 5 filing in the U.S. District Court for the Central District of California, Trader Joe’s sued Trader Joe and its co-founder Cheng Chieh Liu over federal trademark infringement and dilution claims. According to the lawsuit, Trader Joe and Liu used many of the supermarket’s ideas, from “donning a red cap” — red features prominently in the store’s branding — to its narrative for one of the platform’s fictionalized characters.Continue Reading on Coin Telegraph More
Testifying in Sam “SBF” Bankman-Fried’s criminal trial on Oct. 12, Ellison reportedly placed part of the blame for the collapse of FTX on CZ’s social media activity. In the now famous tweet on X (formerly Twitter) from Nov. 6, 2022, CZ announced that Binance would be liquidating its holdings of FTX Token (FTT) “due to recent revelations that have came to light.” Continue Reading on Coin Telegraph More
Uniswap is the world’s largest decentralized crypto exchange by cumulative volume, having processed over $1.7 trillion worth of trades since its inception, according to data from DefiLlama. Most of its trades have been done via a web-based application. However, the team launched a mobile app for iOS on April 13. Prior to this date, the team had complained that Apple (NASDAQ:AAPL) was holding up the app’s launch in the App Store. Even after getting the green light from the App Store, Uniswap still did not have a dedicated app for Android devices.Continue Reading on Coin Telegraph More
