Crypto EcoBlog
The European Union (EU) is working on a new program that will label the type of energy utilized for bitcoin mining projects. The program is set to determine the level of efficiency behind the module utilized by a specific project. In other words, we’ll know if it is proof of work (PoW), proof of stake (PoS), or something else entirely. Crypto Mining Will Be Labeled in the EU The goal is to ensure that electricity is not wasted and put to the best use possible. This has...
Read More »Goldman Sachs Reduces Coinbase Price Target to $41 Following FTX Crash
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Read More »Binance to Launch ‘Industry Recovery Fund’ for Troubled Crypto Projects
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Read More »Goldman Sachs Predicts ‘Significant’ Decline in US Inflation in 2023
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Read More »People Keep Moving Their Crypto Out of Exchanges
Per data from Crypto Quant, people continue to take their bitcoin and digital currency funds out of exchanges. In October alone, more than $750 million in BTC was moved out of digital currency trading platforms in a single day. Why Are People No Longer Using Exchanges? This likely suggests that people continue to lose faith in crypto. The space has been crashing like crazy for the past several months, and the price of bitcoin is the real clincher. Just last year, bitcoin...
Read More »Crypto.com Recovers $1B Exposure from FTX before Collapse, Maintains Sound Balance Sheet
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Read More »Payment Giant Visa Terminates Partnership with Bankrupt FTX
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Read More »Solana’s FTX-backed Liquidity Hub Serum Forked by Developers after Compromise
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Read More »Hong Kong to Issue Tokenized Green Bonds by Year’s End
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Read More »Alameda Research Quietly Used FTX Customers’ Funds
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