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China has extended the olive branch back to the United States by offering a path to eliminate Washington’s burgeoning trade deficit with the country, Bloomberg reported Friday. The news comes less than a day after The Wall Street Journal reported that the Trump administration was considering lifting tariffs amid the ongoing trade war. China Proposes
The post Bye Bye Trade War? China Plans $ 1 Trillion Buying Spree to Reduce US Trade Deficit appeared first on CCN
Ethereum intends to move to proof-of-stake in the future. Making a move to POS will supposedly cut the energy consumed by a hundredfold, or around 99%. There have been repeated claims that cryptocurrency uses too much energy and is therefore inefficient and environmentally unfriendly. Some reports find that mining cryptocurrency uses more energy than gold
The post Inside Ethereum’s Plan To Reduce Energy Consumption by 99% appeared first on CCN
Earlier this month, we reported that ConsenSys, the Ethereum (ETH) development studio founded by Joseph Lubin, let go of 13% of its 1,200-person staff as the cryptocurrency bear market entered its twelfth month. Now, a recent report by The Verge indicates that ConsenSys is quickly spinning out startups (“Spokes”) that it previously supported via its internal incubator, which will have […]
SludgeFeed
The markets were euphoric. The community was cheer-leading the imminent launch of Bitcoin futures first on the CBOE and then on the CME. Bitcoin reached its all time high. They saw this as an indication that institutional investors were just around the corner and that Bitcoin was about to “moon.” Fast forward to today and the
The post Bitcoin Futures Manipulation: How it Works and How to Reduce It appeared first on CCN
In October, the government of Japan hinted its plans to ease the process of taxing crypto investments to refrain impractical taxation frameworks from negatively affecting the local market. At the time, a committee of tax experts that is tasked to advise the government on taxation matters encouraged the authorities to simplify the complex process of
The post Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market appeared first on CCN
A proposal that is expected to change how much ether enters the cryptocurrency economy was finalized on Friday, Aug. 31, as developers agreed to include the code for such a change into Ethereum’s next hard fork, Constantinople. Constantinople is designed to increase efficiency and lower transaction fees on the blockchain. It’s a protocol upgrade that
The post Ethereum Developers Strike Deal to Delay Difficulty Bomb, Reduce Block Reward by 33% appeared first on CCN
IKEA, the world’s largest furniture retail company based in Sweden which focuses on selling ready-to-assemble furniture and home accessories, has had the Science-Based Targets Initiative (SBTi) approve its plans to reduce greenhouse gas (GHG) emissions from its stores and other operations by 80 percent by 2030.
In light of the global financial crisis of 2008, the invention of Bitcoin and other cryptocurrencies has caused many to reassess the value of centralized banking institutions. Dong He, deputy director of the IMF’s Monetary and Capital Markets Department, shared his analysis on how the mainstream adoption of cryptocurrency could affect central banks and monetary policy.
Value and volatility are critical indicators of currency adoption. As He observes, Bitcoin’s price volatility is high because its value is primarily based on speculation, as opposed to performance metrics like transaction volume.
With each passing day, it seems as though the conversation on Bitcoin’s energy consumption rages on, though new ground is rarely broken on the topic. Like bears to honey, media outlets flock to FUD stories on mining’s electrical costs and doomsday predictions of a world driven to the ecological brink, thanks to bitcoin mining.
There is a strong argument to be made, however, that far from plunging the globe into ecological disaster, cryptocurrency mining can be sustainable or, better yet, can be used to neutralize the carbon footprint of other energy intensive processes. Indeed, under the right circumstances, mining can produce a minimal carbon output. Moreover, its energy emissions can be recycled for other eco-friendly endeavors.
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On today’s show:
2:08 Coinbase Launches a PayPal Like Plugin For Ethereum, Bitcoin, Bitcoin Cash and Litecoin
Coinbase Launches a PayPal Like Plugin For Ethereum, Bitcoin, Bitcoin Cash and Litecoin
4:18 Synereo Migrates to the Ethereum Blockchain
https://mailchi.mp/synereo/synereo-migrates-to-the-ethereum-blockchain?e=9be4753483
4:13 Lobby Binance to lower withdrawal fees:
Can we all come together on this, lets make it known to Binance that we want all their withdrawal fees reduced. from CryptoCurrency
