ESG
Climate tech VC argues Bitcoin’s ESG positives outweigh its negatives 31:1
A climate tech investor has painted a bright view of the Bitcoin network, suggesting its environmental positives outweigh its negatives by a whopping 31:1 ratio. On Jan. 12, self-proclaimed philanthropist and environmentalist Daniel Batten claimed in a Twitter thread that “Bitcoin is probably the most important ESG technology of our time.” According to Batten, the 31:1 positive impact ratio was calculated by researching and interviewing grid engineers, climate scientists, Bitcoin mining engineers, methane abatement experts and solar and wind installers. The findings discovered 21 ways Bitcoin (BTC) could be environmentally positive and just five ways it could be environmentally negative. 1/7 Environmentally, Bitcoin has a positive:negative ratio of 31:1 This mean Bitcoin is probably t...
CrossTower to acquire institutional prime brokerage BEQUANT
Cryptocurrency exchange CrossTower Inc has agreed to buy digital asset trading platform BEQUANT, which comes after months of window shopping by CrossTower for crypto companies, including a recently revised offer for Voyager Digital’s assets. The Nov. 28 acquisition will provide CrossTower with over 600 new professional exchange clients in addition to its existing clientele. The incoming clients are based across the United States, Europe, Asia, and Latin America and are collectively making over $400 billion annually. The purchase comes as CrossTower CEO Kapil Rathi stated on Nov. 24 that CrossTower has long been on the lookout to buy digital asset companies with a “good set of customers” and a “good balance sheet,” which included a second look at the now-bankrupt cryptocurrency lendin...
Institutional appetite continues to grow amid bear market — BitMEX CEO
In a recent interview, BitMEX chief executive Alexander Höptner shared his thoughts about institutional investors who, in his view, still have an appetite for crypto and Ethereum. Speaking at the Token2049 conference in Singapore on Sept. 28, the crypto executive told Cointelegraph that there has not been a “single slowdown of institutional push into crypto” during this bear market. He added that institutions and finance industry players typically use bear markets for innovation. There is a lot more pressure to deliver in a bull market, but bear markets offer the luxury of more time. Höptner also commented that adoption for the finance industry has a long horizon which is why institutions will be buying and holding crypto assets while the opposite can currently be said for the retail secto...
Could Bitcoin miners’ troubles trigger a ‘death spiral’ for BTC price?
A July 9 post by @PricedinBTC on the “cost to mine Bitcoin” in the United States gathered the crypto community’s attention, especially considering the recent headlines that BTC miners have made. The crypto bear market and growing energy costs have caused a perfect storm for the mining sector and this has led some companies to lay off employees and others to defer all capital expenditures. Some went as far as raising concerns of Bitcoin miners hitting a “death spiral.” In bear markets like this, inevitably a Bitcoin critic comes out and says that Bitcoin will soon collapse from a “miner death spiral”, meaning that miners will go offline because it is not profitable to run their operations, and then Bitcoin’s hash rate will fall, causing its… — Cory Klippsten (@coryklippste...
Risk Insights and Instinctif Partners Launch Nigeria’s First AI-Powered ESG Rating Tool
Image sourced from Kiguru and Associates. /* custom css */ .tdi_4_6d3.td-a-rec-img{ text-align: left; }.tdi_4_6d3.td-a-rec-img img{ margin: 0 auto 0 0; } ESG (environmental, social and governance) data analytics company, Risk Insights, and Instinctif Partners, a strategic communications company, today announced the launch of ESG GPS Nigeria, the country’s first AI and machine learning ESG rating tool, developed by Africans for Africa. ESG GPS is based on global standards and bespoke to the country’s laws, regulations, and best practices. “ESG GPS uses machine learning and artificial intelligence to process unstructured data with structured financial information to provide a rating to a listed corporate. Risk Insights ESG GPS tool considers voluntary and mandatory disclosure, negative news ...
