Blockchain
Bitcoin price rally provides much needed relief for BTC miners
Bitcoin mining powers network transactions and BTC price. During the 2021 bull run, some mining operations raised funds against their Bitcoin ASICs and BTC reserves. Miners also preordered ASICs at a hefty premium and some raised funds by conducting IPOs. As the crypto market turned bearish and liquidity seized within the sector, miners found themselves in a bad situation and those who were unable to meet their debt obligations were forced to sell the BTC reserves near the market bottom or declare bankruptcy Notable Bitcoin mining bankruptcies in 2022 came from Core Scientific, filing for bankruptcy, but BTC’s early 2023 performance is beginning to suggest that the largest portion of capitulation has passed. Despite the strength of the current bear market, a few miners were able to i...
Putting carbon credits on blockchain won’t solve the problem alone: Davos
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, moderated by Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr on Jan. 16, several executives from carbon blockchain platforms spoke about the increasing interest from companies in carbon trading. Karen Zapata, the chief operating officer of carbon blockchain platform ClimateTrade, said that sustainability had been a “trending topic” with many companies keen to get involved, but noted that many still don’t understand it. She recalled talking to a sustainability manager of a “big, big company” who told her he doesn’t know what a carbon...
Burning Man’s Mayan Warrior Is Using Blockchain Tech to Fund Art On the Playa
Fans of the legendary Burning Man metropolis and its devoted Mayan Warrior community have a new way to preserve its future prospects both on and off the playa. Blockchain technology has long been lauded as a more transparent and cost-effective means of fundraising. Now Mayan Warrior, one of the world’s premier artistic communities is embracing its possibilities. The organization, which operates as a 501(c)(3), has announced the “Mayan Warrior Amulet,” an offering of digital assets to directly support the artistic endeavors that have built the community into a creative powerhouse over the last decade. By purchasing the blockchain-powered assets, the community’s members can directly fund artists to help “produce, bring, and display their live interact...
Bitcoin price rally over $21K prompts analysts to explore where BTC price might go next
After Bitcoin (BTC) hit a yearly high of $21,095 on Jan. 13, where is it headed next? Bitcoin is currently witnessing an uptick in bullish momentum after the positively perceived Consumer Price Index (CPI) report was followed by a strong rally across the crypto market. The recent rally in Bitcoin is creating increased volume levels and higher social engagement on whether the price is in a breakout of fakeout mode. Is the Bitcoin bear market over? While the market is still technically in a bear market compared to last week, investor sentiment is improving. According to the Fear and Greed Index, a crypto-specific metric that measures sentiment using five weighted sources, investors’ feelings about the market hit a monthly high. Bitcoin Fear and Greed index. Source: alternative.me Bitco...
Best ways to save our planet using new discovered technological advancement
There are many ways that new technological advancements can be used to help save the planet. Some of the most promising include: Renewable energy: One of the biggest contributors to climate change is the burning of fossil fuels for energy. New technologies such as solar panels, wind turbines, and geothermal power plants are becoming increasingly efficient and cost-effective, making it possible for more and more of our energy to come from renewable sources. Electric vehicles: Electric vehicles (EVs) produce zero emissions and are becoming more affordable, making them a viable alternative to gas-powered cars. With the development of new battery technologies, EVs are becoming increasingly efficient and have a longer range. Carbon capture: Carbon capture is a technology that captures carbon di...
Cryptocurrency is headed toward surviving its first age
The past year was a challenge across the globe. Financial markets plunged deep into the red, affecting millions, if not billions, of people worldwide. Inflation rose. For crypto, it has arguably been the worst year since Bitcoin’s (BTC) inception. It has been more of an ice age than a crypto winter, and bad actors and weak projects have dominated headlines — including FTX, Voyager, Celsius, Terra, Hodlnaut, and this week, Nexo. In 2023, the purge could continue with projects that — like Tezos, Lisk and EOS — do not develop any new technology, nor do they innovate. It’s been said frequently that 90% of crypto projects will ultimately fade away or disappear because, among other failures, they solve nothing. The dubious actors failed to comply with transparency and decentralization an...
Cointelegraph’s Accelerator Program launches and is seeking Web3 startups
The Web3 space is growing rapidly, and new startups are emerging daily. Overall investment into Web3 projects skyrocketed to $30 billion in 2021 and $36 billion in 2022, even amid the market crisis. While many projects have good ideas and a strong value proposition to bring to the space, this is a challenging field riddled with competition and a lack of trust from the broader audience. Cointelegraph has established itself as a leader in the digital asset, Metaverse and emerging technologies media business since 2013, and is now looking to help other rising stars reach their full potential. Cointelegraph is delighted to introduce its Accelerator Program — a startup booster leveraging Cointelegraph’s capabilities as a strong media and strategic partner for promising Web3 companies. Paul Soln...
Layer-1 EVM oracle platform Flare launches to boost interoperable DApps
Flare, a new layer-1 Ethereum Virtual Machine blockchain platform, has gone live with the launch of two core protocols aimed at powering decentralized interoperability applications. The platform serves as an oracle network that allows developers to build applications that are aimed at being interoperable with different blockchains and internet platforms and services. Flare features two protocols that power its application-building suite. Its State Connector protocol enables information and data to be used securely and at scale from various blockchains and internet sources with the use of smart contracts. The functionality is touted to offer powerful data to the network and facilitate the development of cross-chain solutions. Meanwhile, the Flare Time Series Oracle (FTSO) sources and provid...
Bonk token goes bonkers as traders chase after high yields in the Solana ecosystem
Bonk, a meme token modeled after Shiba Inu (SHIB) that launched on Dec. 25, is skyrocketing and some traders believe the token’s trading volume is potentially driving Solana’s (SOL) price up. Over the past 48 hours, SOL price has gained 34%, and in the past 24 hours, Bonk has climbed 117%, according to data from CoinMarketCap. While the wider crypto market remains suppressed, traders are hoping that Bonk could present new opportunities during the downturn. According to the project’s website, Bonk is the first dog token on the Solana blockchain. Initially, 50% of the token supply was airdropped to Solana users with a mission to remove toxic Alameda-styled token economics. The airdrop resulted in more than $20 million in trading volume according to the Solana decentralized exchange Orc...
ILLENIUM Launches Decentralized Fan Community
Thanks to blockchain technology, “Illenials” now have access to ILLENIUM like never before. The Grammy-nominated dance music superstar has launched “The Phoenix Family,” a new community offering his diehard fans “first access for all things ILLENIUM.” Powered by the Polygon blockchain, “The Phoenix Family” was developed in partnership with Medallion, a Web3 platform that helps artists enhance their connection with fans. The community’s name derives from ILLENIUM’s signature emblem depicting a phoenix, which he integrates into his logo, visuals, merchandise and more. ILLENIUM performs at Chicago’s North Coast Music Festival on September 3rd, 2022. Christian Wade/EDM.com Scroll to Continue Recommended Articles “...
$1.7M of Bitcoin tied to QuadrigaCX reawakens after years of dormancy
Five wallets tied to the defunct Canadian cryptocurrency exchange QuadrigaCX, previously thought to be inaccessible, have just been spotted moving around $1.7 million worth of Bitcoin after years of dormancy. Crypto researcher ZachXBT alerted the crypto community in a Twitter post on Dec. 19, highlighting the five wallets have transferred around 104 Bitcoin (BTC) on Dec. 17 to various wallets. Blockchain records show the wallets had not sent BTC since at least April 2018. Five wallets attributed to QuadrigaCX unexpectedly moved ~104 BTC on Dec 17 for the first time in years. 1ECUQLuioJbFZAQchcZq9pggd4EwcpuANe1J9Fqc3TicNoy1Y7tgmhQznWrP5AVLXj9R1MhgmGaHwLAvvKVyFvy6zy9pRQFXaxwE9M1HyYMMCdCcHnfjwMW2jE4cv9qVkVDFUzVa1JPtxSGoekZfLQeYAWkbhBhkr2VEDADHZB — ZachXBT (@zachxbt) December 19, 2022 Once Can...
What is the relationship between blockchain and Web3?
Cryptocurrencies and blockchain are the building blocks of Web3. However, the decentralized web also relies on technologies like AR, VR, IoT and others unrelated to blockchain or digital currencies. The third generation of the internet, known as Web3, is based on blockchain technology. However, technologies like machine learning, big data, artificial intelligence (AI), the Internet of Things (IoT), augmented reality (AR), virtual reality (VR) and others enable decentralized apps (DApps) to analyze information in a sophisticated human-like manner in a Web3 environment. For instance, virtual reality headsets will create an exceptional shopping experience, allowing customers to interact with the products before making a purchase. However, these technologies are not based on cryptocu...
