Crypto Climate Accord unveiled, commits to 100% renewable blockchains by 2030

Energy Web, RMI, and the Alliance for Innovative Regulation (AIR) have announced the Crypto Climate Accord, an initiative committed to making the cryptocurrency industry 100% renewable by 2030.

The accord is already supported by leading organisations including Consensys, Ripple, EDF, and XRP Ledger, as well as having the backing of the United Nations Framework Convention on Climate Change (UNFCCC).

According to an Energy Web estimate last year, the top five public...

Coinbase IPO marks historic first crypto company to enter US stock exchange as Bitcoin rockets

April 14 will see the first company dedicated purely to cryptocurrency to enter the US stock exchange when Coinbase is listed on Nasdaq.

The build-up to the offering has had a bullish effect on the crypto market, with Bitcoin reaching an all-time high of $63,209 (£46,039) on Tuesday, marking a 116% year-to-date increase.

The release of Coinbase’s Q1 report on April 6 has been driving this rise in crypto prices, as well as excitement for its offering. The exchange’s...

Caruso real estate to accept Bitcoin as rent payment in industry first

Real estate transaction

Billionaire Rick Caruso’s eponymous real estate company will begin accepting rent payments for both residential and retail properties in Bitcoin as part of a new partnership with Gemini, the cryptocurrency exchange led by the Winklevoss twins.

Through their partnership, Caruso and Gemini intend to bring cryptocurrency, non-fungible tokens (NFTs), and blockchain applications to Caruso properties as a way to engage visitors throughout their ecosystem.

Such a move by...

Bitcoin mining in China could threaten climate policies, new study shows

Without appropriate intervention and policy changes, the energy consumption and carbon emissions from Chinese Bitcoin mining will jeopardise the country’s climate goals.

These claims come from a new study carried out by researchers at the University of Chinese Academy of Sciences, Cornell University, Tsinghua University and University of Surrey.

Their research finds that the annual energy consumption of the Bitcoin mining in China is expected to peak in 2024 at 297...

PayPal confirms addition of Checkout with Crypto capability

PayPal has confirmed the launch of Checkout with Crypto, which enables US customers to pay with cryptocurrency and aims to 'significantly increase' utility.

Customers will be able to select their cryptocurrency of choice - Bitcoin, Bitcoin Cash, Ethereum, or Litecoin - with only one type of cryptocurrency able to be used for each purchase. Once the customer confirms the purchase, the cryptocurrency is then converted to fiat currency by PayPal on the customer's behalf to complete...

Analysis: The increasing scope of UK cryptocurrency regulation

Analysis With the price of Bitcoin rising past US$50,000 in February, the profile of - and investor interest in – cryptoassets continues to increase. With this, the global regulatory landscape is swiftly evolving with recent calls for cryptocurrency to be subject to tightened rules and HM Treasury releasing an important new consultation.

Less than three years ago, Parliament’s Treasury Committee referred to cryptoasset markets as a “Wild West”, in which consumers were...

Generation Z: How post-millennial young people are engaging with blockchain

Feature In 2019, Gen Z surpassed millennials and baby boomers to become the largest generation in the world, making up a third of the global population. This demographic dominance alone makes those born between 1995 and 2010, an important consideration for cryptocurrency markets and blockchain tech firms. What’s more, Gen Z’s comfort with and strong preference for digitised transactions makes them an even more important demographic in these...

Bitcoin Association and Saxion University launch first Bitcoin SV massive open online course

The world’s first Bitcoin SV-focused massive online open course (MOOC) officially launched on February 5 and will run till September 1. The course was produced by Bitcoin Association, a Switzerland-based global industry organisation working to advance business on the Bitcoin SV blockchain, in partnership with Saxion University of Applied Sciences in the Netherlands and its dedicated Saxion Blockchain Institute.

“With [the] launch of the first online course with Saxion...

Tesla buys $1.5bn in Bitcoin, plans to begin accepting it as form of payment

Tesla announced on Monday that it has invested $1.5 billion (£1.1bn) into Bitcoin back in January, and that it plans to start accepting it as a form of payment soon.

The car firm, who has seen its share price soar in the past year, specified in a stock market filing on its forward-looking statements for 2021 that it has updated its investment policy to allow for ‘more flexibility to further diversify and maximise returns on cash that is not required to maintain adequate...

SimpleMoneyLyfe analysis reveals ethnic and gender-based disparities in blockchain awareness

SimpleMoneyLyfe, a financial advice company tailored towards younger generations, has compiled key statistics regarding inequalities in the blockchain industry and the American public’s knowledge of cryptocurrency markets.

Having analysed public databases and survey results dating back to November 2019, the study offers comprehensive and up-to-date figures regarding ethnic, gender-based, and financial inequalities facing blockchain industries.

Perhaps the study’s...