The total use of energy for Bitcoin (BTC) mining is “inconsequential,” and it is “rapidly becoming more efficient,” MicroStrategy CEO Michael Saylor said, as the mining industry is preparing for a hearing in the US House of Representatives this week.
The total supply for Circle’s stablecoin USDC on Ethereum has surpassed that of Tether, putting USDT in second place on Ethereum for the first time. USDC’s current supply on Ethereum as of writing is 40.06 billion tokens, just ahead of USDT’s supply of 39.82 billion. Tether has been the most popular stablecoin since at least 2016, after originally sharing the market with BitUSD and NuBits (USNBT) stablecoins when it launched in late 2014.
The Britain Finance Ministry is planning an initiative to crack down on the hyped crypto advertisements in the country. Reasonably, the ministry mentioned that they want to do this because over 2.3 million people hold crypto assets in Britain but research suggests a huge decline in their understanding of crypto.
El Salvador President Nayib Bukele took on Twitter on Sunday, January 17, responding to a warning from rating agency Moody’s. However, Moody’s has confirmed that the Central American country’s ratings remain unchanged.
Miami-based fintech startup Milo is introducing what it claims is the world’s first “crypto mortgage.” The digital bank will allow crypto investors to leverage their digital assets to purchase real estate in the U.S.
The Cardano Foundation has, along with the official commercial arm of Cardano EMURGO, launched a new project to “accelerate decentralized application development” on the Cardano ($ADA) network by third parties.
Microsoft Crop. is acquiring gaming giant Activision Blizzard Inc. for $69 billion as part of a move to ramp up its gaming and Metaverse plans.
With the number of cryptocurrencies on the market, it was only a matter of time before someone released a trending COVID-19 themed token. Covid Slice is precisely that, a BEP-20 token on the Binance Smart Chain that’s looking to capitalize on the COVID pandemic with their play-to-earn and Web3 enabled blockchain game.