Chain News Official TheBitTimes.com

A mining pool with a green focus is bringing sustainability to the Bitcoin mining sector. Bitcoin (BTC) miners consume massive amounts of energy to secure the network and process transactions. While the network offers many benefits, like banking the unbanked, Bitcoin’s energy consumption is a controversial topic for critics. However, new solutions are emerging to reduce the environmental impact of Bitcoin mining. The Cambridge Center for Alternative Finance estimates that the Bitcoin network currently consumes about 109.34 terawatt-hours (TWh) per year. Bitcoin miners use this Energy to generate hash keys. When they guess the correct key, they receive BTC as a reward for their contribution to securing the network. Cambridge Center for Alternative Finance The current electricity demand is at record heights, and there is a new influx of miners. However, many miners still rely on fossil fuels, contributing to the network’s reliance on dirty energy sources. Environmental concerns Most of ...

VeChain is among the top-performing cryptocurrencies in 2023, as it has doubled in price since the start of January. It spiked 100% as it rose from $0.015 to a high of $0.032 in less than two months. VET is attracting heavy bullish sentiment in the indices and could gear up for another rally in the indices. The HiVe launch on Mar. 4, 2023, is attracting investors that could catapult its price from its current level of $0.028. Read here to know more details about The HiVe and how the VeChain blockchain will enter the Web3 sphere. Also Read: VeChain Spikes Double Digits: Skyrockets to $0.03 After a 100% Rise in 2023 VeChain: VET Price Prediction For March 2023 Source: Pixabay A few whales entered the VeChain market before the blockchain launched The HiVe protocol. Therefore, VET stands at a risk of sell-offs after the launch as investors could indulge in profit bookings. However, leading price prediction firm Gov Capital remains confident about VET ’s prospects in March 2023....

Over the last couple of weeks, meme coins have witnessed tremendous growth. All thanks to Elon Musk, Shiba Inu [SHIB], Floki Inu [FLOKI], and Baby Doge coin were pumping alongside Dogecoin. While the chances of this notion lasting were uncertain, several factors led the community to believe that assets like Shiba Inu could pump. For starters, the launch of Shibarium is widely anticipated. Therefore, any announcement about the same has boosted the price of the asset. With the Layer-2 update coming sooner than later, this notion could be carried on. Shiba Inu continues to remain a prominent choice for Ethereum whales. Currently, SHIB is among the ten most purchased tokens by the top-100-Ethereum whales. Additionally, SHIB has bagged the fourth spot after ETH, USDC, and USDT as the most held tokens by these whales. Source Another factor that strengthens this sentiment is the machine learning algorithm’s optimistic price prediction of Shiba Inu. According to PricePrediction...

U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation.” US Regulators Issue Joint Statement on Crypto The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) jointly issued a statement regarding crypto on Thursday. The Federal Reserve, the FDIC, and the OCC explained that their statement “highlights key liquidity risks associated with crypto assets and crypto-asset sector participants that banking organizations should be aware of.” They warned: In particular, certain sources of funding from crypto asset-related entities may pose heightened liquidity risks to banking organizations due to the unpre...

Coinbase announced the testnet launch of its new native Ethereum Layer 2 network, Base. The solution offers a secure, low-cost, developer-friendly way for users to build dApps. Base is built on the MIT-licensed OP Stack and is powered by Optimism. Right after the launch, the crypto community was quick to opine on why Coin Base ’s solution is a game changer. In one such thread on Twitter, Ryan Sean Adams, the founder of Bankless, chalked out ten reasons why Base ’s launch is a “big deal.” According to Adams, Coin Base choosing Ethereum to build its L2 network on is a “massive vote of confidence.” He went on to highlight how this sets precedent for other banks, crypto, and fintech companies. He added, “Eventually the world will use Ethereum as a settlement and property rights system.” In fact, a few others in the space also opine similarly. Recently, Polygon’s Co-Founder Sandeep Nailwal appeared in an interview with Crypto...

How can traders learn from common investment mistakes and reduce their market risks accordingly? An anonymous Ethereum investor has lost more than $2 million trading Ether (ETH) since Sep. 9, 2022, on-chain data shows. Buying Ethereum high, selling low Spotted by on-chain monitoring resource Lookonchain, the "stupid money" trader spent $12.5 million in stablecoins to buy 7,135 ETH after it rallied 10% to $1,790 in September 2022. But a subsequent correction forced the trader to sell the entire stash for $10.51 million.  Ethereum investor's transaction history from September 2022. Source: Lookonchain As a result, the trader lost nearly $1.75 million. Interestingly, waiting and selling at today's price would have resulted in a smaller loss of $1.14 million. 1/ Please don't blindly follow the trend to buy $ETH after the price rises for a period of time, and don't panic sell after the price drops. A stupid money who loses more than 2M $USDC in half a year will ...

According to Daniela Barbosa, the Executive Director at the Hyperledger Foundation, some challenges involved in adopting enterprise blockchain include a lack of complete comprehension of the technology's advantages. Blockchain Technology is often a valuable tool in solving various Business challenges due to its ability to create secure, trusted, and transparent data sources and has gained traction across industries as business es seek efficiency and cost reductions. Daniela Barbosa, the Executive Director at the open-source blockchain development firm the Hyperledger Foundation, spoke to Cointelegraph about how blockchain for enterprise is transform ing global Markets and industries. Barbosa noted blockchain technology has already demonstrated its value in various enterprise use cases, such as provenance tracking, logistics, and cross-border payments. By providing efficiency and cost-saving solutions while saving time and labor, enterprise blockchain technology offers a reliable...

On Swarm’s platform, you can trade securities that are based on blockchain but are not crypto, like Apple and Tesla stock. Many financial professionals are more interested in how blockchains could improve trading of stocks, bonds, and mutual funds than crypto. Swarm, a Berlin fintech business, launched the world’s first DeFi-based public investment offering today. To start, Swarm will only offer tokens that are fully backed by assets for Apple, Tesla, and two US Treasury Bond ETFs. These tokens will be based on the Polygon blockchain. This lets both individual and institutional investors get in, with no minimum amount needed. This is different from regular trading because investors can buy and sell tokens at any time, even when markets are closed. Swarm says this is in full compliance with German law. Another difference is that the owner takes full custody of the equities, eliminating trading costs. Swarm says that in the future, it will add ...

Join Our Telegram channel to stay up to date on breaking news coverage A new cryptocurrency project is launched almost every day, which makes the process of selecting a promising crypto project really exhausting for investors. One way investors keep themselves updated on new projects is by following crypto listings, particularly exchanges. Binance is among the best exchanges in the world, with the largest trading volume, and it has a rigorous vetting process that filters out portentous projects, selecting only those that show solid credibility. In this article, we will check out the 7 best upcoming listings (potential) on Binance that investors must keep an eye on. Best Upcoming Binance Listings 2023 1. Fight Out (FGHT) Fight Out is one of the most anticipated Binance listings and is already a project with a very successful presale. It has raised over $4.4 million so far, and the presale will continue to be live until March 31st. CEX listings will begin on 5th April, while i...

A crypto strategist that a lot of people pay attention to says that the possible crossing of two key indicators could set Bitcoin (BTC) up for explosive price action to the upside. In a new YouTube video, the anonymous host of InvestAnswers tells his 441,000 subscribers that Bitcoin could show a golden cross in the next few days. When a short-term moving average (MA) goes up above a long-term moving average, this is called a “golden cross.” “Let’s look at the golden cross… We are coming up to one probably in about six days, maybe a little bit less depending on the trajectory of Bitcoin action. [A golden cross happens] when the green line, which is a 50-day moving average, crosses through the red one which is a 200-day moving average. In the past, Bitcoin’s big rallies, big, big rallies have all started with a golden cross.” The host of InvestAnswers, on the other hand, says that a golden cross has at least a 20% chance of failing with Bitco...

Although the OpenAI-developed chatbot has been a viral sensation, lauded for its capabilities, the search engine powered by its functions has not seen a similar rise. Now, amidst some unsettling conversations with users, Microsoft is putting limits on ChatGPT -powered Bing. The change will see chat sessions with the search engine limited to 15 or more questions, according to a ZDNet report. The news follows Microsoft and OpenAI announcing last week the intention to develop a more customizable ChatGPT for users. Source: ATRIA Innovation ChatGPT Bing Getting Safeguards The generative AI that has taken over the tech world has now seemingly restarted a war for search engine supremacy, or so we all thought. As Bing excited many with the announcement of the OpenAI technology integration, the first impression of the tester has been a mixed one. Now, Microsoft is taking steps to address that issue, as they are putting limits on their ChatGPT -powered Bing. The news comes following...

A supernet or umbrella network combines multiple smaller networks or blockchains into one larger network. Supernets enable communication among distinct blockchain networks, considerably improving the usefulness of the overall system by enabling the transfer of assets and data among different blockchains. Furthermore, shared infrastructure and resources can be made possible by interconnected networks, which can lower costs and boost overall effectiveness. By making assets accessible across numerous networks, they can significantly improve their liquidity, which will raise the assets’ value. This article will discuss the concept of a supernet, how to implement supernetting, the advantages and disadvantages of supernetting, and how it’s different from a subnet. What is a supernet? A supernet, also known as a metanet, is a network of networks that allows interoperability and cross-communication among different blockchain networks. The idea behind a supernet is to create a decentralized n...