In recent years, Bitcoin mining has increasingly come under scrutiny for its environmental impact. Companies like Gridless have pushed a green energy mining drive. El Salvador, the only country that has made BTC legal tender, is using its volcano energy to mine the token and buying one Bitcoin per day for its national reserve. In...
Digital Euro: Overly Complex and Costly The researchers conclude that the digital euro, as currently proposed, offers little added value for consumers and businesses. The construct is too complex and incomprehensible for users both in front of and behind the cash register. “For example, the number of parties involved in a payment transaction would increase...
CANTO crypto had an exploding year in 2023. CANTO/USD was up a staggering around 530% since the turn of 2023 and hit record highs to $0.60. However, per DefiLlama data, the chain has fallen to become the 78th largest blockchain by total value locked (TVL). Currently, Canto chain holds TVL of $13.5 million. Canto blockchain,...
A consortium of leading German banks, including DZ Bank, LBBW, Deutsche Bank, and Bankhaus Metzler, acted as bookrunners for the bond. This broad syndicate ensured participation from cooperative banks, public banks, and private commercial banks – three pillars of the German banking system. Anchor investors such as Berliner Volksbank, Deka Bank, and Union Investment also...
This decision reflects the broader regulatory challenges cryptocurrency platforms face in Nigeria, where digital currencies have played a crucial role in providing financial inclusion and economic opportunities. The government’s stance, however, seems to be in the opposite direction. It has imposed restrictions, making it increasingly difficult for these platforms to operate. The departure of OKX...
Addressing the Electronics Waste Crisis The electronics industry generates vast amounts of waste, posing significant environmental challenges. According to the Global e-Waste Monitor 2024, 62 million tonnes of electronic waste were generated in 2022, an 82% increase since 2010. This figure is projected to soar to 82 million tonnes by 2030, representing a 32% increase...
While gaming remains an integral part of Web3, July saw its dominance slip to 26%, overtaken by the “other” category with a 28% share. This Other category predominantly comprises AI-based DApps, including notable platforms like DIN and Alaya AI. Decentralized gaming applications leverage blockchain technology to offer a unique gaming experience. Unlike traditional games, where...
On Monday, the Japanese stock market suffered its worst one-day drop since 1987. An adjustment by the Bank of Japan – raising rates on short-term government bonds from 0% to 0.25% – triggered a chain reaction that shook global markets. Despite the market downturn, Metaplanet has also revealed its intention to employ a range of...
Big Four to Return to the Fore of S Korean Crypto? Without the banking partnership, GOPAX may have to restrict its offerings to crypto-to-crypto trading only. Jeonbuk Bank’s entry into the crypto sector in February 2022 was seen as a watershed moment for the South Korean crypto sector. The sector is currently dominated by the...
UK Regulator Outlines Effective Compliance Strategies for Crypto Firms Previously, crypto firms around the world were unaccustomed to regulations. After new rules, they have have to undertake technological investments to meet compliance requirements. The FCA noted that it recognizes the industry’s challenges in navigating this new regulatory landscape, which includes the concurrent Travel Rule implementation....