Greenidge Generation battles New York agency over Dresden power plant permit

Bitcoin miner Greenidge Generation has filed a lawsuit against the New York Department of Environmental Conservation (DEC) over licensing issues. According to an Aug. 15 court filing, the company seeks an injunction after the DEC denied its Title V air permit application for its Dresden power generation and mining facility. The lawsuit The DEC had […]

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Coinbase and Greengage Team Up to Boost SME Financing with Blockchain Technology

Cryptocurrency exchange Coinbase is partnering withGreengage, a London-based financial services provider for small and medium enterprises (SMEs), to originateSME debt using the Coinbase Diamond protocol. This collaboration seeks toutilize blockchain technology to provide SMEs with access to capital, promising a more efficient and transparent financing solution.

Targeting SME Financing

Speaking about this new deal, Sean Kiernan, the CEO ofGreengage, mentioned: "We are thrilled to partner with Coinbase on thisgroundbreaking initiative. By originating SME debt on the Coinbase Diamondprotocol, we are not only enhancing our ability to support small and mediumenterprises but also pioneering new financial innovations that will drivegrowth and sustainability in this critical sector."

The Coinbase Diamond protocol enhancesthe issuance and management of private capital. Using blockchain technology,the protocol issues native digital debt, making the process more secure andaccessible to a broader range of investors.

In a statement shared with Finance Magnates, thepartnership aims to fulfill a crucial need in the SME sector, allowingbusinesses to access institutional-grade credit markets.

Greengage is a digital finance platform offering e-moneyaccount services for SMEs. The London-based company focuses on multi-currencyaccounts and credit solutions, which it termed as perfectlyaligning with Coinbase's digital asset services. In addition to e-money accountservices, Greengage offers a B2B lending platform with digital sources ofmoney.

Aligning with Coinbase's Digital Asset Services

Last year, Coinbase unveiled Project Diamond, a platform powered by smart contracts to enable institutions to create, buy, and sell digitally native assets. The launch was marked by the completion ofthe first debt instrument on the platform as the project prepared to enter theAbu Dhabi Global Market (ADGM) RegLab sandbox.

Project Diamond utilizes the Coinbase technology stackand Base, an Ethereum layer-2 blockchain, to support capital market activities.This platform aims to address the challenges of asset management inefficiency byproviding institutions with the tools to utilize next-generation financialtechnology.

Additionally, Coinbase recently enhanced crypto transferprocesses by supporting the sending and receiving of cryptocurrencies throughlinks shared on messaging and social media platforms. The links can be sharedon WhatsApp, iMessage, Telegram, Facebook, Snapchat, TikTok, and Instagram, oreven via email.

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Hong Kong Successfully Issues HK$25 Billion in Green Bonds

The HKSAR Government has issued HK$25 billion in green bonds, attracting global investors with over HK$120 billion in orders. (Read More)

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Wall Street must be accountable for Bitcoin mining emissions Greenpeace

Greenpeace alleges that Wall Street titans such as BlackRock and Vanguard contribute to the environmental harm coming from Bitcoin mining.

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BIS inaugurates Toronto Innovation Centre with Bank of Canada

Bank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadians to benefit from advancements.

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Melanion GreenTech Solutions Announces the Launch and First Customer of the GreenBlock Solution

[Paris, France, June 12, 2024] Today marks a pivotal moment in the cleantech industry as we introduce the GreenBlock Solution, an innovative Bitcoin mining platform providing a customizable, institutional-grade service that yields mining rewards while supporting renewable energy projects. In concurrence with the launch of the GreenBlock Solution, we are pleased to announce the [...]

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XRP Analyst Marks XDC For 3,350% Take-Off As Bullish Metrics Emerge

XRP analyst Egrag Crypto, who is well-known for offering bullish predictions about the altcoin, has now drawn the crypto communitys attention to another altcoin, XDC. The analyst predicts this crypto token could also witness a remarkable surge and enjoy up to a 3,350% gain as bullish metrics emerge.  XDC To Rally To $2 As Indicators Turn Bullish In an X post, Egrag Crypto stated that XDC will rally to $1 and then easily surge to $2. This came as he remarked that the altcoins chart looks amazing. First, the XRP analyst noted that the RGB (Red-Green-Blue) indicators perfectly align with the XDC token. Based on this, he asserted that the next move for the altcoin could be a 10x pump. Related Reading: Fartcoin Reaches Critical Make-Or-Break Level: Analyst Reveals What Could Happen From $0.77  This XDC price surge is expected to target the Fibonacci levels between 1.414 and 1.618, rallying to between $0.50 and $0.80. The XRP analyst remarked that this is still below the previous cycles blow-off top, when the token soared by 3,350%. He expects XDC to replicate this explosive move, potentially surging to the $2 target.  The XRP analyst alluded to the Stochastic Relative Strength Index (SRSI) as another bullish indicator. He revealed that the SRSI is waving bullish signals. The analyst admitted that there is still a long road for XDC to reach and sustain RSI levels above 80, but claimed that the momentum is definitely on the bulls side. In line with this, Egrag Crypto asserted that big moves could just be around for the altcoin.  The Bearish Angle For The Altcoin The XRP analyst also provided a bearish angle for the XDC price. He revealed that the 21 Exponential Moving Average (EMA) is on the verge of crossing below the 33 Moving Average. If that happens, the analyst warned that it could turn super bearish.  Related Reading: Altcoin Season In Danger If Bitcoin Dominance Closes April Above This Level However, he added that this crossover will most likely be avoided and that there could be a blow-off top before the inevitable retracement. The analyst also urged market participants to be attentive as the sharp move higher would come unexpectedly before a big crash to the downside.  From a fundamental perspective, XDCs outlook also looks bullish. The XDC network just officially joined the MiCA alliance, which is a major step forward in aligning blockchain innovation with regulatory clarity in Europe. The team stated that the network is deeply committed to compliance, transparency, and building long-term trust. Like Ripples offering using XRP for cross-border payments, XDC is a layer-1 that offers real-world applications like trade finance, cross-border payments, and RWA tokenization. At the time of writing, the XDC price is trading at around $0.07, up over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

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Bitcoin analysis mostly noise, a $70K breakout is what matters

Another Bitcoin break above $70,000 will be a significant signal for traders, but according to Mati Greenspan, analysis is pretty futile until it happens.

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Paypal's Green Mining Initiative Makes Zero Sense

A look at Paypal's recent proposal to implement Bitcoin wallets that pay mining fees using a scheme ensuring that only authorized miners powered by renewable energy can collect the user's transaction fee.

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Tether Empowers Green Bitcoin Mining in Uruguay

Tether pioneers sustainable Bitcoin mining in Uruguay, harnessing renewable energy for minimal ecological impact.

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UK Commission Publishes Recommendations for Reform and Development of the Law on Digital Assets

The Law Commission of England and Wales has published its “recommendations for reform and development of the law on digital assets.” The recommendations, which seek to secure the U.K.’s position as a global crypto hub, are intended “to provide a comprehensive legal foundation for digital assets which will allow these new technologies to flourish.” Accommodating

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BNB Greenfield Ural Hardfork Set to Enhance User Experience and Storage Provider Performance

The BNB Greenfield network is preparing for the Ural hardfork, which aims to enhance user experience and Storage Provider performance within the BNB Chain ecosystem. (Read More)

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Greenpeaces Anti-Bitcoin Mining for Power Report Receives Fierce Backlash on X

“Mining for Power,” an anti-Bitcoin report by Greenpeace USA that explains the links between the bitcoin mining industry and fossil fuel companies, has faced a backlash in social media due to its inaccurate portraits of the mining activity. Using community notes, social network users detailed the report contained “many factual errors,” including outdated information. Greenpeace [...]

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Change the Code Blasts Wall Street for Propping Up Bitcoin Initiatives

Change The Code, a Greenpeace-backed initiative that seeks to change Bitcoin’s consensus algorithm, has blasted Wall Street companies for the support they are showing to Bitcoin-related activities. On social media, it has called out companies like Fidelity, Blackrock, JPMorgan, and Goldman Sachs, stating their actions propping up climate-destroying technologies are “unacceptable.” Change the Code [...]

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The Agenda podcast chats with Energy Web on how to fight climate change with help of blockchain

Energy Web CEO Jesse Morris explains why blockchain can make “going green” more efficient, how fighting climate change is easier and why they are building on Polkadot.

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Greenidge Generation Completes Deployment Of 9,150 Bitcoin Miners Of Which 6,914 Will Be Hosted With Core Scientific

The agreement is set to bring approximately $7.5 million of annual revenue according to Greenidge CEO Dave Anderson.

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OKB price turns green after this deposit/withdrawal announcement by OKX

OKB price is rising and was up by about 2.30% trading at about $42.17 after a month of a bear market. Today’s surge has caught a majority of crypto traders by surprise since the token has been bearish for the most part of March. Why OKB price is rising Early today, OKX, one of the …

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Greenpeace Anti-Crypto Artist Admits They Were Wrong on Bitcoin Mining

The art piece has been admired and adopted by many Bitcoiners.

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Greenpeace Unveils ‘Skull of Satoshi’ to Spark Debate Over Bitcoin’s Environmental Impact; Creator Clarifies It ‘Wasn’t Meant to Be Anti-Bitcoin’

Greenpeace, the well known environmental NGO, has unveiled the “Skull of Satoshi,” an art installation intended to spark debate about the impact of Bitcoin on the environment. The 11-foot skull was constructed with electronic waste materials and features smokestacks and Bitcoin logos. However, its creator, Benjamin Von Wong, explained it was not meant to be [...]

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Greenpeace's Bitcoin Art Piece Praised by Supporters

Environmental group Greenpeace commissioned an art piece dubbed the "Skull of Satoshi" to highlight the climate impact of Bitcoin mining, but the piece has been praised by Bitcoin supporters who want to adopt it as their mascot. The 11-feet-tall skull features the Bitcoin logo and red laser eyes, with "smoking stacks" made of recycled electronic waste to represent the fossil fuel and coal pollution caused by Bitcoin mining. (Read More)

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