Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations

Nearly 60% of the electricity used to power Bitcoin mining machines comes from sustainable sources, according to the latest Q2 2022 report from the Bitcoin Mining Council (BMC).In its Q2 review of the Bitcoin network released on July 19, the BMC found that the global Bitcoin mining industry's use of sustainable energy is up 6%…

According to analysis from blockchain firm Arkham Intelligence, over 50% of the funds transferred after Nov. 6 were in US pegged stablecoins. 1101 Total views 44 Total shares Alameda Research withdrew over $200 million from FTX.US before it filed for bankruptcy, according to analysis from blockchain firm Arkham Intelligence disclosed on Nov. 25. In a Twitter…

On July 30, Curve Finance, a decentralized exchange on Ethereum, suffered a hack due to a vulnerability in certain pools built using the Vyper programming language.The price of Curve DAO (CRV) dropped 20.91% on the day of the hack, falling to a two-month low of $0.58. The next day, the decline in CRV continued to…

Polygon partners with Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for NFTs to certify originality. 533 Total views 4 Total shares Own this piece of history Collect this article as an NFTWakweli, a Web3 infrastructure protocol that issues certificates of authenticity for nonfungible tokens (NFT), has officially partnered with layer-2 scaling platform Polygon…

The company warned that the SEC reversing a position it had held since 2018 on Ether as a security could “spell disaster” for the network and drive innovation to a halt in the U.S.

Cryptocurrency exchange HitBTC has denied allegations that it froze Brazillian investment startup Atlas Quantum’s funds, claiming the evidence is forged.Atlas Quantum claims the exchange froze $20.7MIn a Twitter argument which began on Oct. 2, the exchange said it had no record of blocking the accounts of Atlas Quantum. The latter had alleged in a video on…

For the Hong Kong-based spot Bitcoin ETFs to compete with their US counterparts, they will need to attract more retail and institutional investors.

Proceeds come from base fees and surplus revenue generated from network transactions. The incentive follows a recent clash between Arbitrum's team and its community. 102 Total views 2 Total shares Ethereum layer-2 blockchain Arbitrum will distribute ETH (ETH) tokens worth nearly $6.2 million to its decentralized autonomous organization (DAO), the project announced May 9 on Twitter.…