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With network hash rate at all-time highs, energy-use concerns still plague Bitcoin’s reputation, including among government officials. According to familiar sources, a US congressional subcommittee is preparing a hearing on the environmental impact of Bitcoin mining. Bitcoin’s Energy Consumption The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is preparing the hearing, reported The Block on Wednesday. They are preparing a witness roster that can account for energy use as it pertains to proof-of-work Bitcoin mining. Proof-of-work…

The political world appears increasingly divided on the issue of cryptocurrencies. In 2021 we observed regulatory choices that sometimes oppose each other. For instance, some advocate for a total ban of cryptocurrencies. However, others look to adopt Bitcoin or CBDCs as a legal digital tender. And, last year, we saw them all. Recently, Kazakhstan has joined the group of countries studying this type of solution in 2021. After months of analysis, the government has postponed a definitive choice on the…

Throughout 2021 we have seen a series of crypto bans coming from Asian countries. Last year, some countries decided to adopt Bitcoin as legal digital currencies, while others chose to ban cryptocurrencies investments. Worldwide decisions from policymakers have affected the price of leading cryptocurrencies. While it is difficult to predict what will happen in 2022, some trends already seem visible in many economies. This article will summarize what we saw in 2021. Also, it tries to read between the lines…

Bitcoin crashed, together with other cryptos, on news that rate hikes may come sooner than expected. The crypto fear and greed index tipped to extreme fear as the oldest crypto dropped below $43,000. Other cryptos followed, with Ethereum dropping 12%, to $3,300. Most other major cryptos also posted losses in the double digits. Binance coin dropped to $460, down 10%. Solana dipped almost 13%, below $150, while Cardano dropped to $1.21, almost 10%. In total, the crash wiped out $200 billion in…

Though Ethereum is currently the undisputed king of Defi, its dominance may not be absolute. Multinational investment bank JP Morgan recently argued that the network will face stiff competition from other chains in the coming years. They say Ethereum’s scaling difficulties are a primary market vulnerability, and that its development solutions may arrive too late. Hurry Up, Ethereum! Nikolaos Panigirtzoglou – analyst for JP Morgan – published his opinion on the matter in a note on Wednesday. He acknowledges sharding…

While Crypto.com’s advertising spree sees no sign of slowing down, it hasn’t been sitting well with all parties. The digital asset exchange recently had two of its ads banned by UK regulators for containing misleading content. This comes following intense public scrutiny of another of the company’s ads featuring Matt Damon. Encouraging Risky Behavior The UK’s Advertising Standards Authority (ASA) reported the bans on Wednesday. The first of the ads mentioned appeared in the Daily Mail app on September 1st.…

Samsung wants to plant millions of trees with the help of the blockchain. Samsung Electronics America partnered with a company that uses the blockchain in its reforesting efforts. Veritree allows users to plant trees and verify that it produced the trees. They do this with the help of blockchain tech, tracking every step of the way. Samsung is partnering with climate solutions platform, Veritree, to manage the tree-planting initiative by harnessing blockchain technology to verify and track every step of the reforestation…

Airbnb could be working on bringing crypto payments to its platform. Airbnb's CEO Brian Chesky revealed that the online lodging marketplace is implementing crypto payments. That is together with other improvements to the site. Chesky rounded up the top suggestions for new features for Airbnb's service in a recent Twitter post. On Monday, Chesky asked its users what Airbnb should launch for 2022. He received 4000 submissions from users. Out of these, implementing crypto payments was the top suggestion. https://twitter.com/bchesky/status/1478553642357559296 Chesky…

The Advertising Standards Authority (ASA), the UK's independent advertising regulator, has again intervened in the UK crypto market. A few days ago, the advertising authority issued several orders on violations involving six crypto companies. These companies also include big names among the most popular exchanges in the sector, including several brokers. Within this article, we will better analyze the decision of the ASA, studying its context and reasoning over its nuances.  What didn’t the regulator appreciate? The ASA explained that,…