'Green ETH' narrative to drive investment and adoption, says pundits
Post-Merge Ethereum has now detached itself from the “crypto mining is bad for the environment” narrative, following its transition to proof-of-stake. The shedding of Ethereum’s energy-intensive proof-of-work (PoW) system is expected to see Ether (ETH) “flow into the institutional world,” according to a number of fund managers and co-founders.On Sept. 15, Ethereum officially transitioned to a proof-of-stake (PoS) consensus mechanism, which is expected to cut energy consumption used by the network by 99.95%, according to the Ethereum Foundation. The upgrade effectively ended the need for....
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It may be that the most-cited narrative of bitcoin is simply one of many aspects in this global technological adoption.
If there was one word that could describe bitcoin over the past year, it would be 'unpredictable'. So, with that in mind and armed with 20/20 hindsight at year's end, it's fun to go back and look at all the people who tried to do just that. Whether they prognosticated over the entrails of dead animals or defunct bitcoin exchanges, actual data or emotional investment, the results were - perhaps unsurprisingly - often far off the mark. A large majority of bitcoin fortune-tellers focused on whether the price would go stratospheric or tank, but other more thoughtful commentators looked at....
The new Bitcoin Clean Energy Investment Initiative will aim to make mining more eco-friendly. On Tuesday, payments giant Square announced a major push to go carbon neutral by 2030.As part of the initiative, Square will be dedicating $10 million to its Bitcoin Clean Energy Investment Initiative, which aims "to support companies that help drive adoption and efficiency of renewables within the bitcoin ecosystem."Square is the firm behind CashApp, which is a major force in bringing crypto to regular users. In today's announcement, Square identified Bitcoin as "a unique part of Square’s....
Jason Urban, co-head of Galaxy Digital Trading thinks institutional adoption of crypto is in its early days and predicts BTC is set to reach new all-time highs once the FUD dissipates. Senior traders from Galaxy Digital and Alameda Research are predicting the crypto market is set to recover once the recent wave of bad news stories subside.Markets have been in a downturn since mid-May, with Bitcoin (BTC) fluctuating between the low to mid $30K range. Speaking with streaming financial news provider Kitco News on June 24, Jason Urban, co-head of Trading at Galaxy Digital asserted that once....
Hedera Hashgraph's CEO says integrating novel technologies with existing enterprise systems will drive adoption in the years ahead.