The environmental effect of BTC mining has become a hot topic in recent months. The climate campaigners keep claiming that PoW mining is too energy-intensive. But, according to Daniel Batten, BTC mining could reduce global carbon emissions by 5.32%. If BTC mining firms target methane emissions, they could prevent 0.15% global warming by 2045. BTC … Read more
Coinbase, the most popular cryptocurrency exchange in the United States, has begun rolling out Web3 app features to a subset of its app customers, including a browser and a wallet. They will be granted access to decentralized applications (Dapps) present on the ETH network. Some examples of these applications are OpenSea and Uniswap. Mobile App … Read more
India’s crypto exchange firm, CoinDCX’s valuation has doubled to over $2.15 billion due to the recent fundraising round, which makes it among the most valuable cryptocurrency companies in the country. CoinDCX Generates $135 million CoinDCX, a cryptocurrency exchange, has become India’s largest crypto firm to finish a Series D investment round successfully. The fundraising generated … Read more
The Ethereum community has been on a long trip, and the merge concludes that journey. As the hype around the merge continues to build, Tim Beiko, developer at Ethereum Foundation, has warned that fans would have to endure for a few more months before seeing the results. The Ethereum Merger No Longer In June For … Read more
In light of the carbon emission problem facing the crypto industry, the Polygon side chain network has invested $20 million towards offsetting its carbon output and promoting an industry-wide campaign to reduce the amount of carbon emission in the crypto industry. Polygon To Support NGOs And Partners In The Crypto Industry On Tuesday, the Polygon … Read more
The popularity of the Bore Ape Yacht Club (BAYC) NFT has soared since its creation, with so many firms venturing into partnership with the BAYC network. Due to the increased involvement of individuals and businesses in the BAYC NFT collection projects, there has been a surge in the number of spinoffs that have emerged as … Read more
The absence of a regulatory framework and valid government policies regarding the activities of the non-fungible token platforms has caused heightened fears among some internet companies in China. Most leading social media firms and internet enterprises have revamped their user policies to halt or restrict the operation of NFT platforms, citing the absence of government … Read more
A new play-to-earn gaming ecosystem will be unleashed into the market by Yuga Labs and the Animoca brands, with the Apecoin the new token to be used there. Holders of the BAYC NFT pieces are to be given ApeCoin to move to the new ecosystem as part of the plan by the network to explore … Read more
The DeFi ecosystem of Cardano’s Bashoswap project is working round the clock to add another layer of experience to users on the Cardano network. Creating a Cardano accelerator and a token exchange platform to see the connection between early-stage developers and users on the Cardano network become a reality was the aim of the Bashoswap … Read more
The rise of non-fungible tokens (NFTs) and the increasing adoption of them by mainstream businesses continues to surpass expectations as more and more individuals and companies are pushing to experience the NFT ecosystem. Following the display of several collectibles by creators and artists in the NFT ecosystem, a blockchain company, OverHyped, is busy purchasing yachts … Read more
