MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from U.S. shale, as noted in a report from Reuters. This initiative emerges amidst an ongoing battle for electricity between artificial intelligence (AI) data centers and bitcoin…
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The National Australia Bank recently abandoned its stablecoin initiative, and the development team behind the project is now involved with the Ubiquity stablecoin. The Australian bank’s decision to shelve the stablecoin project shows that startups are better positioned to innovate or adapt than established banks. NAB Team Joins Ubiquity The National Australia Bank (NAB) recently…
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Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.” Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released “Markets, Infrastructures and Payment…
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Image by Fareed Mindalano / Playground AI LOVESNOOPY recently announced a massive 85% reduction in its total token supply through a strategic token burn. This dramatic move could increase the value of its remaining tokens over time, representing an ambitious maneuver in the volatile cryptocurrency market…. Read More: LOVESNOOPY Burns 85% of Tokens While Crypto…
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The cryptocurrency market is currently navigating a period of uncertainty, with Bitcoin (BTC) demonstrating resilience by maintaining its position close to the $28,000 mark. Amid market turbulence, Bitcoin has remained relatively stable, trading at $27,860 as it trades about even for the day so far. How might the current market conditions influence the selection of…
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This marks the second “Big 4” bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy. National Australia Bank (NAB) is set to become the second “Big 4” Australian bank to launch an Australian dollar-pegged stablecoin on the Ethereum network. Set to launch sometime in mid-2023, the AUDN…
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Cointelegraph’s editor-in-chief Kristina Lucrezia Cornèr moderated a panel discussion in Davos, Switzerland, about pricing carbon credits. Simply trading carbon credits on the blockchain won’t solve much for the environment. Carbon blockchain executives argue that companies must understand why they’re using them and how to make a real impact. During a panel session in Davos, Switzerland,…
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The Microstrategy executive Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 bitcoin during the last few years. Six days ago, the U.S. Office of Science and Technology Policy published a report that claims proof-of-work mining operations have been affecting climate change. The science and tech department believes…
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The latest A$DC transaction saw ANZ’s institutional partner Victor Smorgon use A$DC to purchase Australian Carbon Credit Units from blockchain-based carbon trading platform BetaCarbon. ANZ’s stablecoin A$DC has been used to buy Australian tokenized carbon credits, marking another critical test of the asset’s use cases in the local economy. In March, the “Big Four” bank…
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In recent times, the impact of bitcoin mining on the environment has been a topical discussion as climate change activists believe proof-of-work (PoW) mining is too energy-intensive. However, a recent report written by the ESG analyst Daniel Batten explains that bitcoin mining could eliminate the world’s carbon emissions by 5.32%. Batten’s study notes that if…
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