KlimaDAO Japan to launch carbon credit marketplace with Progmat

KlimaDAO and the Japanese stablecoin issuer may eventually trade carbon credits internationally.

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A Unique Opportunity: Earn 25%+ APY in USDT with a Market-Neutral Crypto Strategy

If you're an investor looking to earn passive income from crypto with low risk and high yield, we have the right investment opportunity aiming at 25% APY.

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Bitcoin At Decision Point As Investors Hold Neutral Sentiment

Bitcoin may be at a decision point right now as investor sentiment is exactly neutral. Which way will the market tip in the coming days? Bitcoin Fear & Greed Index Suggests Market Is Neutral A few days back, Bitcoin had observed a sharp plunge that had taken the cryptocurrency’s value towards the $29,000 level. In the days that followed, the asset had only consolidated around these relatively low levels, but during the last 24 hours, things appear to have changed a bit. The impetus for this latest volatility appears to have been the US Federal Reserve (Fed) hiking interest rates by an expected 25 bps. Shortly after the FOMC meeting had announced this increase, Bitcoin started to surge, giving investors hope that the coin may be traveling back toward the $30,000 level. This new rise, however, seems to have already run out of steam, as BTC has fallen back to lower levels. At the time of writing, Bitcoin is trading around $29,400, down 2% in the past week. BTC's recovery hasn't been much yet | Source: BTCUSD on TradingView While Bitcoin has retraced from its peak during the past day, the cryptocurrency is still up a net amount in this period, meaning that the asset has managed to hold onto some recovery nonetheless. Related Reading: This AMD Ryzen Bug Can Compromise Your Crypto Wallet Keys The fact remains, though, that the coin has been unable to keep up its upward trend, a sign that the market is still perhaps indecisive about its direction. This is reflected in the general investment sentiment in the space, as the “Fear & Greed Index” shows. Looks like the needle is pointing directly in the middle currently | Source: Alternative The Fear & Greed index makes use of various market-related metrics (like volatility, dominance, and volume) to judge what the most likely sentiment of the average participant in the sector is currently. This index has a value of 51 right now, which means that the Bitcoin investor sentiment is almost exactly in the balance. This lack of direction in the market isn’t a new development; the investors have been leaning towards neutrality for a week or so now. The trend in the Fear & Greed Index over the past year | Source: Alternative The current neutral sentiment must not be confused with a lack of interest in Bitcoin, however, as data from the on-chain analytics firm Santiment shows that the share of social media discussions related to the 100 largest assets in the cryptocurrency sector occupied by BTC alone (the “social dominance“) is now at a two-week high. BTC-related talks make up for 33% of all discussions related to the top 100 coins | Source: Santiment The traders look to have an active interest in Bitcoin at the moment, but their collective opinion isn’t favoring any one side. In situations like these, it’s generally hard to say which way the cryptocurrency might go in next. Related Reading: Bitcoin Exchange Supply Only Slips Further Despite Price Decline If this indecisiveness in the market stays in the coming days, though, it’s likely that BTC’s stagnation will continue further, as moves in either direction (if any) may not be able to go on for long. Featured image from iStock.com, charts from TradingView.com, Alternative.me, Santiment.net

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Australia’s token mapping to be ‘tech agnostic,’ says Treasury official

Trevor Power hopes the framework will fall closer on the “spectrum” to the EU’s MiCA, as opposed to the current regulatory position in the U.S.

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Ethena Raises $6.5 Million to Develop an Ethereum-Based, Banking System Independent Stablecoin

Ethena, a protocol that seeks to build a banking system independent stablecoin, has announced that it has raised $6.5 million in its seed round. The round, led by Dragonfly, aims to help issue Ethena’s decentralized stablecoin product in Q3 2023, which was inspired by an article written by former Bitmex CEO Arthur Hayes. Stablecoin Protocol [...]

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Polygon asserts that they are carbon neutral

Millions of users are being added to Web3 through Polygon, an Ethereum scaling platform. The platform claims that its network has become carbon neutral in a news statement issued yesterday. On the way to being carbon negative, a significant milestone was reached. By permanently retiring $400,000 worth of carbon credits, they want to achieve this. […]

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Algorand (ALGO) Scores Partnership With FIFA World Cup, and Grows 20% in a Day

Blockchain network Algorand (ALGO) has teamed up with FIFA for the upcoming 2022 FIFA World Cup in Qatar.

Continue reading Algorand (ALGO) Scores Partnership With FIFA World Cup, and Grows 20% in a Day at DailyCoin.com.

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Malice Or Ignorance? The New York Times Keeps Printing Lies About Bitcoin Mining

The New York Times’ campaign against bitcoin rages on. Even though this time they had the perfect opportunity to write a balanced article, they didn’t. The author reports one positive bitcoin mining story after another, while keeping a snooty attitude and suggesting it’s all a PR move. The title summarizes the New York Times’ stance, “Bitcoin Miners Want to Recast Themselves as Eco-Friendly.” Related Reading | Valkyrie Bitcoin Mining ETF “WGMI” Approved For Nasdaq Listing Before we get into it, a quick story. The foremost expert in bitcoin’s energy consumption, Nic Carter, published an exhaustive report on mining. Among other things, it contained hard data that showed to what extent China was mining using hydropower energy. Mainstream media largely ignored it. The party line was that we couldn’t trust China’s statistics. And, that China was probably burning cole.  Fast forward to last month. China banned bitcoin mining a while ago and bitcoin’s hashrate relocated, recovered, while the network functioned perfectly throughout. Most of China’s mining industry relocated to green energy-abundant countries. What did the New York Times post? An article called “China Banished Cryptocurrencies. Now, ‘Mining’ Is Even Dirtier,” that claims that Chinese miners were using hydropower energy and thus used cleaner energy. That’s the level of propaganda we’re dealing with. What Did The New York Times Say About Bitcoin Mining This Time? The article starts by featuring Argo Blockchain, the company is building a new facility that “would be fueled mostly by wind and solar energy.” They even quote Peter Wall, Argo CEO, saying. “This is Bitcoin mining nirvana. You look off into the distance and you’ve got your renewable power.” What could be wrong with that? Two paragraphs later, the New York Times starts pushing lies and embarrassing numbers:  “A single Bitcoin transaction now requires more than 2,000 kilowatt-hours of electricity, or enough energy to power the average American household for 73 days, researchers estimate.” Of course, those ridiculous claims come from Digiconomist, a widely debunked researcher who happens to be an employee of the Dutch Central Bank. And then, they blatantly quote the malicious study mentioned in the intro.  “The Bitcoin network’s use of green energy sources also dropped to an average of 25 percent in August 2021 from 42 percent in 2020. (The industry has argued that its average renewable use is closer to 60 percent.) That’s partly a result of China’s crackdown, which cut off a source of cheap hydropower.” And quote Alex de Vries, one of the study’s authors, being completely off the mark. “What a miner is going to do if they want to maximize the profit is put their machine wherever it can run the entire day.” WHAT? To maximize profit, a miner is going to find the cheapest source of energy possible. Energy is their biggest cost. The cheapest source possible is energy that’s currently being wasted. That’s the situation. BTC price chart for 03/26/2022 on Forex.com | Source: BTC/USD on TradingView.com More Feel-Good Stories Framed As Bad News The New York Times even quotes Paul Prager, TeraWulf CEO, saying “Everyone I talk to now is talking about carbon neutrality. The language has absolutely changed.” And then, the newspaper spreads the good news. “TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. It has two projects in the works — a retired coal plant in upstate New York fueled by hydropower, and a nuclear-powered facility in Pennsylvania.” None of these stories are celebrated. Remember the article’s title, they are cynically presented as PR stunts. Then, it´s time for Sangha Systems, who “repurposed an old steel mill in the town of Hennepin. Sangha is run by a former lawyer, Spencer Marr, who says he founded the company to promote clean energy. But about half the Hennepin operation’s power comes from fossil fuels.” The New York Times Closes The Loop That’s the worst example that the New York Times could find. A person who “founded the company to promote clean energy” but had to make a compromise to start his business. To close the article, the author brings us back to Argo Blockchain and tries to pull something similar. Apparently, the CEO “can’t guarantee that Argo’s new center will have no carbon footprint. That would require bypassing the grid and buying energy directly from a renewable power company.” Related Reading | Biden Loves Intel’s Plan To Produce Semiconductors. What About Bitcoin Mining? And then, they quote him again. “A lot of those renewable energy producers are still a little bit skeptical of cryptocurrency. The crypto miners don’t have the credit profiles to sign 10- or 15-year deals.” So, Argo is really trying but it’s not possible at the moment for understandable reasons. And the whole industry is moving to a greener path because the incentives are aligned that way. Got it, New York Times. Got it. Featured Image by tacskooo on Pixabay | Charts by TradingView

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Director David Lynch and The Band Interpol Join Forces For NFT Collection

This isn’t the first time that legendary director David Lynch works with Interpol. In 2010, Lynch’s animated short film “I Touch a Red Button Man” used Interpol’s song “Lights” as a soundtrack. The next year, Interpol used that short film as visuals for their Coachella performance. And now, a decade later, they’re both revisiting the work and turning it into eight NFTs. Related Reading | Colors on Chain Announces Exciting Reward Game Based on NFT Colors HIFI Labs adapted the work to the NFT realm by dividing it into seven pieces, plus an extra one that’ll be mixed with user-generated content. Through this site, they’ll be available for auction in the Superrare Ethereum marketplace. The pieces are 1/1 editions. This is the first one. They all feature an updated version of the “Lights” song. Forbes describes it as follows. “The new renditions feature a stripped-down version of the song, both by design and as a result of the band’s members—Banks, Daniel Kessler and Sam Fogarino—being physically separated for much of the pandemic.” To paint a clearer picture, Banks said in an official statement by the band: ”The marriage of music and visual is an age-old tradition, and Lynch is a musician himself and has a love for music so it was a pretty organic way for artists from two separate media to come together. From our standpoint, we are all crazy about Lynch so it was amazing that our work was paired with his.” It appears that Interpol is the force behind Lynch’s new and improved adventures in the NFT space. However, David Lynch tweeted about it. So, he’s aware and supports the project. Dear Twitter Friends, good morning. A film I made for @interpol will be auctioned in 7 pieces on @superrareFind them at https://t.co/m31joB4XHS — David Lynch (@DAVID_LYNCH) October 26, 2021 David Lynch’s “I Touch A Red Button Man” This is the “I Touch a Red Button Man” short film in all its glory: At the time of the original collaboration, Banks told the Huffington Post: “It’s important to clarify that Mr. Lynch did not make a music video for our song. He made an animation of his character, and allowed us to show it. If you missed us at Coachella, then we’re proud to share this with you now. The Red Button Man… doing his thing.” ETH price chart for 10/27/2021 on Gemini | Source: ETH/USD on TradingView.com Particularities About The “I Touch A Red Button Man” NFT Collection First of all, the artists want you to know that “This is a carbon neutral collaboration thanks to our partnership with Aerial.” The mania about the supposed environmental cost of NFTs is rampant online, so they went with a company that verifies carbon offsets. What more could fans want? Well, maybe to be a part of the collection. About this, Forbes informs: “ In the spirit of fandom and collaboration, fans will be able to add light personal creative touches to one of the eight pieces in the 3D gallery, and one collaborator will be chosen to receive the collaborative NFT for free.” Related Reading | 17% Of Ethereum Addresses Hold Majority Of NFTs We’re thrilled to announce this special project with legendary film director, @DAVID_LYNCH Visit https://t.co/nUQihNK3vF and @SuperRare to experience these new pieces of art, music, and film #lynchxinterpol pic.twitter.com/5n4YeohpMZ — Interpol (@Interpol) October 26, 2021 Go to the website, choose UGC TV8, and use the very rudimentary tools they provide to be a part of history. UGC stands for User Generated Content and you could be that user. Just be sure to leave your mark and your email before November 7th. There’s still time to collaborate with both David Lynch and Interpol. Featured Image: Screenshot from David Lynch's short film | Charts by TradingView

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Popcorn Network Chooses Patch to Execute Carbon-Neutral DeFi

Popcorn Network was created to provide an alternative method of providing sustainable DeFi.

Continue reading Popcorn Network Chooses Patch to Execute Carbon-Neutral DeFi at DailyCoin.com.

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Coinbase stock will be ‘weighed down’ until US rules are clear: Citi

Crypto exchange Coinbase’s stock price will continue to be “weighed down” until regulators establish the legal “rules of the road” in the United States, according to investment analysts from Citi. As per reports on May 1, the investment bank downgraded shares of the crypto exchange from “Buy” to “Neutral” and lowered its price target — [...]

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