Search Results for: Environmental

Fitch Warns El Salvador’s Bitcoin Adoption Will Hurt Local Insurers’ Credit Ratings

Fitch Ratings Inc has warned that El Salvador’s move to adopt Bitcoin as a legal tender poses a severe risk to its local insurance firms. On June 9, Nayib Bukele, the President of El Salvador, influenced lawmakers to vote and eventually passed the Bitcoin law. The country will formally adopt Bitcoin as legal tender on … Continue reading Fitch Warns El Salvador’s Bitcoin Adoption Will Hurt Local Insurers’ Credit Ratings

Total Value Locked in Ethereum 2.0 Reaches Record-High as Gas Fees Decreased

More investment continues trickling in Ethereum 2.0, which has broken the record, as disclosed by Glassnode. The on-chain metrics provider explained: “Total value in the ETH 2.0 deposit contract just reached an ATH of $23,121,882,066.04.” ETH 2.0 went live in December 2020 and sought to transition the current proof-of-work (POW) framework to the proof-of-stake (POS) … Continue reading Total Value Locked in Ethereum 2.0 Reaches Record-High as Gas Fees Decreased

Kraken Contributes $250,000 to Enhance Ethereum 2.0 Upgrade

Kraken, a leading US-based crypto exchange, revealed its $250,000 donation aimed at helping open-source developer teams tasked with the Ethereum (ETH) 2.0 upgrade. Giving back to open-source innovators According to Jesse Powell, the CEO and co-founder of Kraken: “We believe it’s our responsibility to give back to the open-source innovators who are building the next … Continue reading Kraken Contributes $250,000 to Enhance Ethereum 2.0 Upgrade

Ethereum Transfer Demand Increases as Average Gas Fees Hit a 3-Month High

The Ethereum (ETH) network has been experiencing high demand, as evidenced by an uptick in transfers and average gas fees. On-chain metrics provider Santiment explained: “With ETH transfer demand increasing, the amount of average gas used (in gwei) has risen sharply to 132.53 per transfer. This is a 3-month high in average gas fees.” Crypto … Continue reading Ethereum Transfer Demand Increases as Average Gas Fees Hit a 3-Month High

El Salvador Lawmakers Passes $150M Bitcoin Trust Fund into Law

Ahead of the September 7th scheduled date to make Bitcoin (BTC) a legal tender in the country, El Salvador’s parliament has approved the law to establish a $150 million Bitcoin Trust Fund.  As reported by Reuters, the parliamentary vote in the Central American country came in at 64 votes in favour and 14 votes against the proposed … Continue reading El Salvador Lawmakers Passes $150M Bitcoin Trust Fund into Law

Belarus President Alexandra Lukashenko Urges His Citizens to Embrace Bitcoin Mining

The president of Belarus, Alexandra Lukashenko, has urged his citizens to stay in their home country and start mining Bitcoin instead of working in other overseas countries.  The president said that during the Petrikovsky mining and processing plant opening last week on Friday, August 27.  Lukashenko clarified that his nation enjoys adequate energy resources to … Continue reading Belarus President Alexandra Lukashenko Urges His Citizens to Embrace Bitcoin Mining

Google Partners With Dapper Labs to Aid the Growth of Web3.0

American search engine giant Google has announced its partnership with Canadian-based blockchain firm, Dapper Labs to help provide the infrastructural capability needed for the scalability of the latter firm in its bid to advance Web3.0. As reported by Forbes, the move marks one of the broad arrays of partnerships that the tech giant has in … Continue reading Google Partners With Dapper Labs to Aid the Growth of Web3.0

Kyrgyzstan Shuts Down Over 500 Illegal Crypto Miners

Kyrgyzstan has taken another proactive approach to stem the rise of illegal cryptocurrency mining activities in the country after disrupting the activities of a network of unauthorized mining outfits. As reported by the local media channel, 24.Kg, the State Committee for National Security of Kyrgyzstan (SCNS) has revealed and suppressed the illegal activities of about … Continue reading Kyrgyzstan Shuts Down Over 500 Illegal Crypto Miners

Missouri Mayor to Airdrop $1,000 in Bitcoin to Cool Valley Residents

Residents of Cool Valley town in Missouri are well on their way to receiving a $1,000 cash gift, following the excess donations received in support of the initiative by Missouri Mayor, Jayson Stewart to fund households as a post-pandemic relief package.  The cash gift represents amongst many other things Stewart’s positivity about the role Bitcoin … Continue reading Missouri Mayor to Airdrop $1,000 in Bitcoin to Cool Valley Residents

Total Value Locked in Ethereum 2.0 Hits a Record-High Amid ETH Supply on Exchanges Nosediving

Ethereum 2.0 deposit contract continues to see an uptick in investments based on a surge in the total value locked (TVL). Crypto analytic firm Glassnode said: “The total value in the ETH 2.0 Deposit Contract just reached an ATH of 7,824,674 ETH.” Market analyst Lark Davis had previously stated that the Ethereum 2.0 upgrade would … Continue reading Total Value Locked in Ethereum 2.0 Hits a Record-High Amid ETH Supply on Exchanges Nosediving

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