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United States Senator Ted Cruz believes that Bitcoin and BTC mining are beneficial to both the economy and the environment. According to Cruz, the mining of crypto assets is a “big net plus” for the environment as it incentivizes renewable energy generation while capturing energy that would otherwise be wasted is utilized.
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The decentralized exchange (DEX) recorded approximately $185.61 million throughout July. Shibaswap also saw an 89% plunge year-over-year in trading volume from July of last year.
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Cardano consumes only 0.0027 TWh annually. Payments giant PayPal consumes 0.26 TWh annually, which is almost 100 times the electrical energy of Cardano. The data further reveals that Netflix consumes about 94 TWh per year, incomparable to ADA’s consumption rate. YouTube, with an annual rate of 244 Twh.
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Ethereum (ETH) ranks top among the projects with the most development activity in the last 30 days at 401, according to data provided by blockchain analytics platform Santiment. Polkadot (DOT) and Kusama (KSM) rank second and third, respectively, each recording 400 development activities.
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Over the last 24 hours, Ethereum price fell by 4%. It has been a consistent downtrend after the coin lost the $2,000 price mark.
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Aurora Labs CEO Alex Shevchenko said that on Aug. 22 a hacker lost 5 Ethereum (ETH) in a failed attack on the NEAR/ETH Rainbow Bridge over the weekend. No user funds were lost.
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Decentralized exchange Uniswap has appeared to block 253 wallet addresses linked to illicit financial activities on its front end after the U.S. government imposed sanctions on Tornado Cash earlier this month.
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Nike’s NFT-related projects have made the company over $185 million in revenue, positioning it as the biggest earning brand from NFTs.
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The research notes that the U.S. and the UK rank top powered by factors like the size of their economies and an advanced crypto economy. However, the study suggested that Ukraine ranks high due to emerging economies’ general crypto adoption trends.
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Ripple, the company associated with the seventh-largest cryptocurrency by market capitalization, is expanding its reach. And its plans for the Asia Pacific may have just found the perfect partner in Japan’s Fukuoka city Mayor, Soichiro Takashima.
More info: https://bit.ly/3AFDRjf
Testing by Cardano stake pool operators (SPOs) in a new mixed-node testnet created by the IOG on Friday (August 19) seems to suggest that release candiate 1.35.3 is good to go, and all that remains is for at least 75% of SPOs to upgrade their mainnet nodes to this version.
More info: https://bit.ly/3ceuAFl
USDT stablecoin issuer Tether released the latest report on its reserves. The report was independently audited by BDO, a major accounting firm ranked in the top five globally. The digital asset firm still holds around $8.5 billion in short-term debts at press time.
More info: https://bit.ly/3QGHDyf
Bitcoin is down 9.1% in the past 24 hours, dipping from around $23,500 to $21,400. Ethereum has lost 8.4%, trading at $1,702.
More info: https://www.coingecko.com/
Dan Gambardello, Founder of Crypto Capital Venture, as well as the host of the very popular YouTube channel “Crypto Capital Venture”, explained why he spends so much time talking about Cardano (ADA). Cardano is his favorite crypto.
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According to an article on the Ethereum Foundation’s website, the top smart contract platform’s transition to a proof-of-stake mechanism from a proof-of-work one won’t reduce its transaction fees or boost its speed.
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Experts believe the decision of a ban would discourage many protocols and exchange operators from engaging with anything related to Tornado Cash, including ETH transacted through the mixer which could lead to unnecessary censorship.
More info: https://bit.ly/3SW3sLM
HUSD, a stablecoin issued by Stable Universal, has lost its peg to the US dollar, falling as low as $0.87 on Thursday, according to CoinGecko.
More info: https://bit.ly/3QVbcvR