Many people when talking about governments and crypto tend to mention that governments don't "get" crypto. I wish to propose another idea, namely that they do understand crypto at least to some degree. I believe that many governments see that they're losing control of money and want to stop the outflow into crypto. Let's not…
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Just venting. Want to accept an offer for a nft on opensea, and it costs 140 dollar gas fee. I've only got 60 dollars worth in my wallet. So I try to swap a couple hundred dollars worth of a token I have on uniswap and the gas fee is more than the 60 dollars…
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submitted by /u/PharmacyLove [link] [comments]
submitted by /u/tussNpuss [link] [comments]
The high jump in new registrations is on 45% increase, equivalent to 70 million compared to the previous year. The BSE stock exchange revealed this information was in their data. There had been an increasing number of users, mostly young investors in remote locations across India last year. According to the Economic Times report, these investors seek to buy and trade stocks and cryptocurrencies. Related Reading | Total Cryptocurrency Market Cap Value Surges Across $1.9 Trillion Setting A New Record The Times report states that Wealth management and Cryptocurrency platforms attract new users due to strong market performance. The success can also be attributed to increased awareness and targeted ads-the report added. Report From BSE Stock Exchange Data The report from the BSE stock exchange data revealed that the increase in new user sign-ups had reached 45%. This equals 70 million when rated with the figure of the previous year. BSE stock exchange can be referred to as either the BSE Limited or the Bombay Stock Exchange. It’s an Indian stock exchange located on Dalal Street in Mumbai and was established in 1875. BSE stock exchange is the oldest stock exchange in South Asia and the tenth oldest in the world. As of August 23, new user registrations in Uttar Pradesh had an approximately 60% increase. In addition, the states of Assam, Madhya Pradesh, Odisha, Bihar also recorded a significant increase from the prior year. The report reveals that CoinSwitch Kuber increased 135% in monthly growth from non-metro cities from last June. CoinSwitch Kuber is an app-based cryptocurrency exchange platform peculiar to the Indian market for retail investors. It’s a mobile application and supports trade in over 100 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and Dash. India’s Cryptocurrency Exchange Records Massive Growth However, India’s CoinDCX grew by 48.7 times in new user registrations from the scarcely populated cities in India. This figure represents the growth rate of new user sign-ups for the past six months. CoinDCX is India’s largest and safest cryptocurrency exchange. It provides a trading platform for buying and selling Bitcoin and other cryptocurrencies with ease. The exchange had raised $90 million (6.7 billion rupees) from investors during a funding round, giving it over $1 billion value. Related Reading | FTX Bags Naming Rights Of Cal Memorial Stadium For $17.5M To Display Their Brand According to a CoinDesk report in July, Eduardo Saverin’s B Capital Group led the funding round. However, the funding came out lower than the initial target of $10 million to $20 million. Other investors in the round are Polychain Capital, Coinbase, Jump Capital, and Block.one. India is among the high populated country in the world. It has about 1.33 billion occupants. This makes it the second to China with 1.39 billion inhabitants, as revealed by the U.S. Census Bureau data. Featured Image From Pixabay
We're getting a bit too chummy around here. What bugs you the most when it comes to the current state of crypto? Doesn't have to relate to this subreddit necessarily – could be in the news, general conversation, your personal investments/ portfolio, banks (yeah, i know, too easy), exchanges, 'influencers', overreaction, underreaction, complete lack of…
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The nonfungible token, or NFT, market registered $2.5 billion in sales during the first half of 2021. Companies like Visa continue to shine the spotlight on this rapidly growing industry.
What I'd be looking for is a token that the proceeds go into a fund to make sure our voice is heard in Congress, I'm sure bankers have congressional and senatorial influence, do we? submitted by /u/creditspreadit [link] [comments]
Calgary-based Accelerate Financial Technologies prepares to launch a Carbon-Negative Bitcoin ETF (TSX: ABTC). It plans to match each investment by planting trees to counteract the adverse environmental impact of crypto mining. “Accelerate intends to sequester over 100% of the estimated carbon dioxide emissions attributable to bitcoin transactions that ABTC is indirectly exposed to by funding decarbonization initiatives including its global tree-planting program” the company states on its website. Related Reading | $425bn Wiped Off Crypto Market As Musk Says Bitcoin Is Bad For The Environment According to this Bloomberg report, Accelerate pledges to plant 3,450 trees for every C$1 million ($788,200) invested into its carbon-negative ETF. The company estimates that each investment would result in the offset of 1,000 tons of carbon dioxide. The Environmental Impact Of Bitcoin Mining There is an ongoing debate about the energy use of Bitcoin mining. While some companies have changed their tone in recent months, and are even building out cryptocurrency offerings for their clients, Bank of America has been conservative in its approach. A report from Bank of America released earlier this year stated mining as an environmental concern. Bitcoin mining is an energy-intensive process that requires the use of massive computing rigs—and the corresponding hardware to cool down such machines—to process transactions and maintain the network. “A $1 billion fresh inflow into Bitcoin may cause CO2 to rise by the equivalent of 1.2 million (combustion engine) cars,” the report said. Related Reading | China Banned Bitcoin Mining. What Happens To Small Hydropower Stations Now? The report notes that the digital currency’s energy consumption will soon rival that of some of the largest countries in the world. Its estimated energy consumption has grown more than 200% in the past two years. A single bitcoin purchase at a price of ~$50,000 has a carbon footprint of 270 tons, the equivalent of 60 ICE [petrol/diesel] cars. Hence, it accounts for about 0.4% of global energy consumption at a $50,000 price point. BTC price falls below $49K | Source: BTCUSD on TradingView.com Accelerate claims its ABTC is eco-friendly because it trades bitcoin futures that don’t need to be mined. Also, the tree-planting campaign neutralizes carbon emissions and helps fight climate change. All these processes are independently verified by a third-party sustainability consultant. Julian Klymochko, Accelerate’s chief investment officer, pushed back against the notion that the company was falsely marketing the ABTC initiative as environmentally friendly. “We’re highly cognizant of the concept of greenwashing.” He said the firm preferred planting trees instead of buying so-called carbon credits to label the product carbon negative. Approval Of Crypto ETFs Canada was the first country to launch a Bitcoin ETF. Exchange-traded crypto funds have been approved in Canada, though not yet in the United States. Canadian regulators have given the green light to many firms applying for crypto ETFs in 2021, including offerings from Purpose Investments, Evolve Funds Group, and CI Global Asset Management. Related Reading | Will Bisq Be Part Of Jack Dorsey’s Bitcoin DEX Project? Here’s The 411 Accelerate applied for its Bitcoin ETF with Canadian securities regulators in February. The investment firm plans to list the product on the Toronto Stock Exchange under the ticker ABTC, offering units in both U.S. and Canadian dollars. The Accelerate Carbon-Negative ETF is for investors who want exposure to the performance of BTC and can tolerate a high level of investment risk. The ETF will begin trading Tuesday. Featured image from Accelerate, Chart from TradingView.com