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PayPal is teaming up with Energy Web and DMG Blockchain Solutions to reward Bitcoin miners who use clean energy. Their plan gives special rewards to miners who use sources like wind or solar power. This aims to make Bitcoin mining more eco-friendly and fair. However, some worry about the huge amount of energy Bitcoin mining uses.
The crypto market is alive with action! Bitcoin’s halving and Telegram’s integration of Tether payments have analysts re-evaluating their predictions. This week, keep an eye on Bitcoin (BTC) to see how it reacts to the halving, Tether (USDT) to see how Telegram integration impacts adoption, and Solana (SOL) as it continues its impressive run. Remember, this is not financial advice, do your own research before investing.
Tether, a stablecoin designed to match the value of the U.S. dollar, is experiencing significant growth in emerging markets where access to traditional currency is limited. CEO Paolo Ardoino notes a shift from pure cryptocurrency trading to Tether becoming the preferred digital dollar, particularly in countries like Argentina, Turkey, and Vietnam.
During the Token2049 conference in Dubai, Telegram’s founder Pavel Durov unveiled a groundbreaking vision, transforming how users engage with Toncoin (TON) and NFTs within the platform. With features like direct payments in TON for advertising services, tipping content creators, and trading stickers as NFTs, Telegram is poised to redefine social media interaction on a decentralized frontier.
Historically, halving events have been associated with increases in the price of Bitcoin, although the extent of this rise depends on various market factors and sentiments.
Hong Kong’s approval of its first bitcoin and ether exchange traded funds (ETFs) signals a significant step towards embracing cryptocurrencies as mainstream investment tools. The move, facilitated by the conditional approval granted to several Chinese asset managers, underscores Hong Kong’s ambition to position itself as a global hub for digital assets, despite mainland China’s ban on cryptocurrencies.
The Nigerian government has located Nadeem Anjarwalla, a Binance executive who fled custody, in Kenya. Efforts are underway for his extradition back to Nigeria to face charges of tax evasion and money laundering. Anjarwalla’s escape and the subsequent extradition talks highlight the government’s crackdown on Binance’s alleged role in manipulating Nigeria’s foreign exchange market.
Significant changes are happening at CoinDesk, a major player in cryptocurrency media. This is just two months after Bullish acquired CoinDesk from Digital Currency Group. Kevin Worth, the former CEO of Coindesk who has been in charge since 2017 has been replaced with Sara Stratoberdha. Also, several top executives are leaving. This includes Chief Operating … Read more