Author: Alyz Garsia

The Noranett network manager estimates that if the Bitcoin mine shutdown, families in Hadsel, Norway, could see their electricity bills increase by $280 a year. Hadsel, a town that campaigned to close a local Bitcoin mine, is now facing higher electricity costs as the power company loses income from the mine’s closure. “Blaming Bitcoin only ends up hurting people,” said climate tech investor Daniel Batten in a post on X (formerly Twitter) on September 13, after hearing the news. Some residents had previously raised concerns about the noise from the Bitcoin mining operation. Hadsel’s Bitcoin Mine Shutdown: Noise Relief Brings…

Flowcarbon’s carbon credit token initiative, co-founded by Adam Neumann, and the reasons behind the refunds to investors. Adam Neumann, co-founder and CEO of a blockchain-based carbon credit platform, Flowcarbon is making a refund to investors money after the failed launch of Goddess Nature Token on his platform. According to a Forbes report on Sept. 11, some of the funds have been released in recent weeks linked to a tech venture firm owned by Andreessen Horowitz, who waited for almost one year for the launch of this token, which never happened. Regarding refunds, Flowcarbon stated that a tough market environment and…

A United States Federal judge tossed a 100 million hack lawsuit in favor of Estonian-based Atomic Wallet, and its child software development firm. An order released on Sep. 10 by Colorado district court judge Philip Brimmer dismissed the case against Atomic Wallet, its CEO Konstantin Gladyshev, and the software development firm. In August 2023, some users who held crypto in Atomic Wallet filed a lawsuit against the Wallet after it fell victim to over $100 million hack. Based on the provisions of international law, Brimmer said that they could not see enough grounds for construing jurisdiction that would entail Atomic…

Crypto culture has grown more tribal in recent years, with fans of different tokens often clashing on social media. One common insult in these debates is to claim that another cryptocurrency is centralized. Many crypto investors mistakenly believe that all blockchains are decentralized by nature. But what does decentralization mean, and how can investors tell if a coin is truly decentralized or not? Understanding the concept of Decentralization A good or service is considered decentralized in a way that one participant does not govern the system, but rather it is controlled by a group in accordance to the votes of…

The top meme coins 2024 gaining the attention of investors are Mpeppe (MPEPE) and Helium (HNT). Helium (HNT) was once considered to be very innovative due to the company’s utilization of decentralized wireless networks; however, second to this is Mpeppe (MPEPE). Mpeppe is becoming popular because it combines DeFi and game integration. Here are two reasons why these top meme coins 2024 are working their way up in investors’ lists. Currently, Mpeppe (MPEPE) looks brighter than Helium (HNT) due to the innovative implementation of decentralized finance (DeFi). Mpeppe also extends yield farming and liquidity mining that help its users earn…

The Alberta Securities Commission (ASC) is teaming up with the Edmonton Police Foundation (EPF) and Edmonton Police Service (EPS) to start a new project aimed at tackle crypto fraud in Canada. The Edmonton Police Service announced the project called ScamShield: Investor Protection Challenge. It’s part of the EPF’s Community Solutions Accelerator, created to tackle the growing number of cryptocurrency scams in the country. Tackle crypto fraud: A community challenge with big rewards The project offers a prize pool of up to 130,000 CAD (about $96,000) for creative ideas that improve investor protection and tackle the rising issue of crypto scams…

Monetary rate cuts from the US Federal Reserve can influence cryptocurrencies depending on received volumes of funds. Last month, Arthur Hayes, ex-CEO of BitMEX, explained why it will not boost Bitcoin adoption. On September 02, X Hayes—now the Chief Investment Officer at Maelstrom—pointed out that even though Fed Chair Jerome Powell signaled a rate cut in September during his speech at Jackson Hole on August 23rd, Bitcoin prices have not risen as expected. After the speech by Powell, Bitcoin rose to a high of $ 64000 and then immediately fell to $ 57400 by 2nd September dropping 10%. Making a…

CoinShares predicts that crypto investment products will be more affected by changes in interest rates this September. Recently, after enjoying a period of strong inflows, cryptocurrency investment products are now experiencing significant outflows due to positive economic news from the United States. According to CoinShares’ latest report on digital asset fund flows published on September 2, digital asset investment products saw outflows of $305 million last week, driven by unexpectedly strong economic data from the US. The report shows that from August 24 to August 31, investors in the US sold the most crypto investment products, with outflows reaching $318…

To store valuable assets, central banks worldwide are increasing their gold reserves to a record level in 2024. The total gold acquired by the Central Bank reached a record level of 483 tonnes in the first quarter of this year. According to the macroeconomics outlet post on X on Sept. 2, the Kobeissi Letter revealed that the net purchase of gold in the first two quarters of 2024 reached 483 metric tons, the highest purchasing until now. According to the report, this roughly translates to 5% of the previous record of 460 tonnes, which was recorded in the first half…

The former president Donald Trump made a strategic move by introducing America‘s first-ever trading card. These cards can be bought through both debit and credit cards. Previously, for several months now, Trump has been selling sneakers, t-shirts, and other merchandise to fans, as he competes against Joe Biden in a close race, handles legal battles, and faces roughly $450 million in civil court judgments. Because he has called Bitcoin a’scam against the dollar’. He has also publicly explained the creation of his new crypto project and, in the context of continuing to connect with the community more generally, the release…