Generating momentum and attracting investor attention can be a challenge during the best of times in the cryptocurrency market and it is an even bigger challenge when the markets are choppy like the entire crypto ecosystem has been the past couple of months. Despite the recent downturn, Perlin (PERL), which has managed to rally 140% from a low of $0.052 on June 8 to a high of $0.134 on June 18 as its average 24-hour trading volume surged from $3 million to $122 million. Three reasons for the increase in price and demand for PERL include the release of the …

Synergy has long been an overused word in the business lexicon, but on occasion the fit between two companies or projects is so smooth that there’s no other word for it. Such is the case with the newly announced partnership between PlanetWatch, a firm that uses cryptocurrency rewards to deploy Internet of Things-connected (IoT) air sensor networks in cities, and EMRIT, a firm that uses cryptocurrency rewards to deploy IoT connectivity networks in cities. Under the terms of the agreement, EMRIT is going to fund the deployment of thousands of PlanetWatch-compliant air quality monitors which will be hosted together with …

Institutional investors have been showing a stronger appetite for a carbon-neutral Bitcoin (BTC) investment solution by One River Digital Asset Management. One River Digital, a crypto-focused hedge fund offering exposure to Bitcoin and Ether (ETH), announced Wednesday that an overwhelming majority of assets in its institutional Bitcoin fund have chosen to switch to One River’s new carbon-neutrality share class. In April, the company introduced a new system that calculates the carbon cost of Bitcoin mining and buys tokenized carbon credits in order to offset the environmental impact. Based on the estimated carbon emitted per one BTC and the market price …

While writing the world's most famous white paper, Satoshi Nakamoto defined the Bitcoin (BTC) mining process. It was established that the minting of new coins would take place through proof-of-work. To carry out this verification and to be able to mine the cryptocurrency, computers would need to solve complex mathematical calculations. In the beginning, there were not many miners. However, that changed before the first Bitcoin bull run. Mining competition skyrocketed, causing a sharp increase in the cost of machines capable of competing. Even more importantly, energy demand exploded with the new machines — which needed energy mainly for processing …

Canadian light electric vehicle manufacturer Daymak has announced an upcoming electric car that can mine Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE) — when it’s charging or parked. According to the manufacturer’s Tuesday announcement, the “Spiritus” electric car is set to roll out in 2023, and will come fitted with “an industry-leading GPU in mining price-to-profit.” However, details are sparse on what the specific capabilities of the mining hardware are. “Daymak Spiritus the first car in history with mining hardware and cryptocurrency technology programmed into the user interface,” the announcement stated. Every Spiritus will be an “environmentally-friendly crypto miner node,” …

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bearish signals grow as Bitcoin price drops to $35,000 and traders ignore the dip Bitcoin is struggling right now. The cryptocurrency has struggled to keep its head above $40,000 this week as traders react negatively to twin threats of environmental concerns and the growing drumbeat of regulation. We’ve seen a lot of downside moves across …

Bitcoin (BTC) has been a hot topic of discussion lately even for those outside the core crypto community, but unfortunately, it’s not for the best of reasons. In particular, the amount of energy required to mine Bitcoin has created concerns for investors who were considering BTC as an option to diversify. According to the Cambridge Center for Alternative Finance, Bitcoin currently consumes around 110 terawatt-hours per year. A Harvard Business Review article further noted that this equates to 0.55% of global electricity production, which is roughly equivalent to that of a small county. Although this is the case, it’s important …

Elon Musk captured the world’s attention when he declared that Tesla would no longer accept Bitcoin as a payment method, citing the blockchain’s environmental impact. Although this thrust the debate about cryptocurrencies and the climate into the spotlight, this has been an issue that has been rumbling on for many years. Bitcoin’s proof-of-work consensus mechanism is exceedingly energy intensive, and it seems to be a problem that’s only getting worse — with vast data centers established as miners vie to get their hands on a supply of new coins that has dwindled further since the 2020 halving. The latest figures …

The CEO of Ark Investment Management, Cathie Wood, believes the controversial Tesla CEO and Dogecoin proponent, Elon Musk, will again embrace Bitcoin once greater adoption of renewable energy has occurred within the mining sector. Despite relations between Musk and the Bitcoin community souring, Wood predicted: “Elon will come back and be part of [the Bitcoin] ecosystem.” Wood’s comments come on the same day that Ark’s Sam Korus published an update the firm’s “open-source Solar+Battery+Bitcoin mining model” to allow historic testing of the system’s efficacy. Korus concluded: “The takeaway is that regardless of a Bitcoin bull of bear market, Bitcoin mining …

Establishing responsible cobalt sourcing practices has become a major focus of attention for human rights groups, environmental researchers and others in recent years. In the Democratic Republic of Congo, or DRC, where over 70% of the world's cobalt is sourced, experts have cast a spotlight on severe human rights risks across many mining operations. Meanwhile, under-regulated deep-sea mining to extract cobalt and nickel has sparked profound concern amongst experts about its environmentally destructive impact. A new announcement by world-leading miners Glencore, CMOC and Eurasian Resources Group, together with battery material supplier Umicore, suggests corporate actors are looking to blockchain technologies …

Amid the ongoing concerns over Bitcoin’s (BTC) energy consumption, a new study states that the traditional banking system consumes much more energy than the Bitcoin network. Michael Novogratz’s cryptocurrency firm, Galaxy Digital, released a report Friday titled “On Bitcoin’s Energy Consumption: A Quantitative Approach to a Subjective Question,” providing open-source access to its methodology and calculations. Compiled by Galaxy’s mining arm, the study estimates Bitcoin’s annual electricity consumption to stand at 113.89 terawatts per hour, including energy for miner demand, miner power consumption, pool power consumption and node power consumption. This amount is at least two times lower than the …

Billionaire investor Mark Cuban will not be following in Tesla CEO Elon Musk’s footsteps in withdrawing support for Bitcoin (BTC) payment. Tweeting in response to Musk on Wednesday, the Dallas Mavericks owner remarked that the Mavs will continue to accept Bitcoin, Ether (ETH) and Dogecoin (DOGE) as payment means for tickets and merchandise items. We at https://t.co/VUydpLFzGh will continue to accept BTC/Eth/Doge because we know that replacing Gold as a store of value will help the environment https://t.co/bs7NvnJY8A and https://t.co/ELhbuLOBRV shrinking big bank and coin usage will benefit society and the environment https://t.co/zu08F0STEQ — Mark Cuban (@mcuban) May 12, 2021 …