Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would encourage a move towards a more energy-efficient extraction of bitcoin while supporting the transition towards climate neutrality in Sweden and Europe. A state-run power company warns, however, that restrictions could have an adverse effect on global carbon emissions.
After last week’s phenomenal performance, Helium continues to show strong support at the $46 level. Currently trading at $45.9, HNT is keeping investors excited amid a recent partnership with Dish.
Beeple, the digital artist whose tokenized artwork "EVERYDAYS: THE FIRST 500 DAYs" sold for a record $69.3 million at a Christie's auction this March, has followed it up with a $28.9 million sale today of a hybrid physical and digital work. It's the second-largest sum paid for an NFT—or, at least, a piece of art accompanied by a "dynamic" NFT.
The NYCCoin is set to launch on Nov. 11 with the community-led proposal endorsed by New York City’s Mayor-elect Eric Adams.
Payments giant Mastercard is launching crypto-linked payment cards for the Asia-Pacific region in partnership with three crypto service providers. “For the first time, consumers and businesses in the Asia Pacific region will be able to apply for crypto-linked Mastercard credit, debit, or prepaid cards,” Mastercard said.
Shiba Inu ($SHIB) was the most popular cryptocurrency on Twitter during the month of October, according to data compiled by ICO Analytics and shared on the microblogging platform.
SEC Commissioner Caroline Crenshaw has highlighted the benefits of Decentralized Finance while warning of the dangers of failing to embrace a protective regulatory framework in a Nov. 9 opinion piece.
Coinbase (COIN) shares have taken a hit after the firm posted a 75% decrease in net income during the third quarter.
Tesla CEO Elon Musk changed his Twitter name over the weekend to “Lorde Edge,” in a move that hasn’t yet been explained but is already affecting the cryptocurrency space, as a new meme-inspired cryptocurrency called EDGELON has been launched.