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2022-09-28 10:54:02 Bitcoin accounted for 0.1% of global greenhouse gas emissions in 2022, data finds

As more focus is put on the energy consumption and environmental effects of mining proof-of-work (PoW) cryptocurrencies such as Bitcoin (BTC), a new study has found that the maiden token was responsible for 0.10% of greenhouse gas emissions in 2022. According to the report, this quantity is roughly the same as the greenhouse gas emissions produced by countries such as Nepal.

Meanwhile, the Bitcoin mining hash rate, or total computational power used to process transactions, has been steadily growing since the lows recorded in early August, hitting a new record high on September 25 when it soared to 226.633 EH/s, as Finbold reported. Activities by Bitcoin miners have long been criticized by environmentalists and governments fearing that crypto production could undermine climate change efforts, leading to a renewed effort to regulate its mining.

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2022-09-27 09:30:32 Disney is hiring a lawyer for future tech like NFTs and metaverse

The Walt Disney Company (NYSE: DIS) is interested in expanding its Web3 footprint and is seeking to recruit an experienced corporate attorney to work on transactions incorporating new technologies such as non-fungible tokens (NFTs), blockchain, metaverse, and decentralized finance (DeFi).

The Walt Disney Company’s Legal Department’s Corporate Transactions Group is looking to hire a “Principal Counsel — Corporate Transactions, Emerging Technologies & NFTs,” as stated in the job advertisement posted on LinkedIn on September 25. All of this takes place while maintaining close collaboration with other Disney attorneys and various business stakeholders.

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2022-09-26 07:48:02 CoinCorner Taps Dubai’s Royal Family to Facilitate Bitcoin Transactions

Douglas-based cryptocurrency exchange CoinCorner has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in the United Arab Emirates (UAE). Under the agreement, Seed Group will aid in the expansion of CoinCorner’s operations across the emirates and the wider Middle East as well as access to top decision-makers in the government and private sectors.

According to CoinCorner’s co-founder, Danny Scott, the move is part of the broader goal to make Bitcoin transactions the “new normal” in the UAE by facilitating instant and frictionless payments. The partnership will give the British crypto exchange access to the third largest crypto market in the Middle East, with a transaction volume of nearly $26 billion. More recently, Binance entered into a strategic partnership with Virtuezone to focus on advancing Web 3.

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2022-09-25 09:41:02 Binance to add opt-in button for 1.2% LUNC burn tax on all trades

Binance CEO Changpeng Zhao (CZ) was asked if Binance was ever going to apply the 1.2% tax on Terra Luna Classic (LUNC) off-chain trades. CZ answered the question during a Twitter AMA, stating that Binance would add an opt-in button for those wishing to apply the burn.

Binance announced that it would only apply the 1.2% tax burn to on-chain transactions such as deposits and withdrawals on Sept. 9. CZ started his latest post that off-chain exchange trades were not included as it would deter users from trading LUNC on Binance. CZ mentioned the involvement of game theory and said the tax burn wouldn’t work unless all centralized exchanges in the world apply it. CZ also acknowledged LUNC holders’ desire to see a decrease in supply and showed his willingness to listen to the Binance community.

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2022-09-24 12:18:02 Zilliqa Announces Its Own Web 3 Gaming Console With Crypto Mining Capabilities

Zilliqa is working on a console that will offer the possibility of mining cryptocurrencies while players have fun with their favorite Web3 games. Zilliqa, a Layer 1 blockchain protocol, announced the launch of its new Web3-focused video game console competing against Nintendo, Microsoft, and Sony— but with a twist that makes it unique.

According to Zilliqa’s statement published by VentureBeat, the new console is designed for gamers and cryptocurrency enthusiasts, as it will feature its own Game hub, a Web3 wallet, and crypto mining utilities. By next month Zilliqa will start testing the gaming hub. The team expects to catch users’ attention not only for the gaming capabilities of their device but for its monetary incentives, which will be a nice plus for those interested in getting it.

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2022-09-23 06:46:02 Australia’s Financial Watchdog Expands Team to Better Regulate Crypto

Australian Securities and Investments Commission (ASIC) increased the size of its crypto team, The Guardian reports, after the popular blockchain shifted from a proof-of-work (PoW) to a proof-of-stake (PoS) system. The change has prompted U.S. Security and Exchange Commission Chairman Gary Gensler to state that PoS-based tokens could be classified as securities.

Ethereum is under renewed scrutiny following last week’s merge event, as the ASIC looks set to decide on whether the market's second-largest cryptocurrency is subject to its oversight. Should ASIC decide to bring PoS tokens like Ethereum, Cardano, and Solana under its remit, crypto exchanges could be forced to either delist them or start complying with more stringent regulatory requirements. Such a move might force some crypto firms to adjust their operating models.

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2022-09-22 17:05:30 Get a behind-the-scenes tour around iFX Cyprus 2022 with B2Broker CEO in our new video! Check it out now on YouTube #ifxcyprus2022



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2022-09-22 17:05:07 Have you ever wondered how the FinTech industry is arranged from the inside

B2Broker experts will show you everything in the first person: industry expos, market insights, and all that happens behind the scenes of the fintech market.

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2022-09-22 07:51:02 Coinbase CEO Draws Criticism For Suggesting Crypto Industry is ‘Moving Offshore’

Coinbase CEO Brian Armstrong has suggested that regulation by enforcement is forcing the industry offshore, but his comments have agitated sections of the crypto community. Armstrong’s comments came in a Twitter thread on Tuesday in which the founder railed against the current political and regulatory climate in the U.S.

Armstrong sees a parallel within the cryptocurrency sector. As Armstrong argues the U.S. is in danger of being left behind and weakened due to overbearing regulation. According to the Coinbase chief, “Regulation by enforcement has a terrible chilling effect,” and, “we’ve already seen a huge amount of crypto talent, asset issuers, and startups go offshore.”. Armstrong didn’t offer specific examples to back his claims, and what he was referring to remains unclear.

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2022-09-07 08:08:02 Singapore’s largest bank DBS to offer crypto services to 300,000 investors

Singapore’s largest bank DBS hinted at plans to open its cryptocurrency and digital asset services to 300,000 high-net-worth clients across Asia, the Financial Times reported. The leading bank received a virtual currency license from the Monetary Authority of Singapore in 2021 to offer crypto services to its clients.

So far, DBS has offered the service to only 1,000 institutional clients on an invite-only basis. DBS Bank CEO Piyush Gupta in an interview with FT affirmed that cryptocurrency services will soon be available to over 300,000 clients in the Asian region. Gupta said that the bank is working to place the necessary guardrails that will protect its clients and lead to better investment outcomes. Gupta added that DBS’s crypto services will only be available to accredited investors in the meantime due to Singapore’s regulatory approach to retail investors.

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