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September 2022

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Bitcoin is Fueling the Climate Crisis: Greenpeace USA

Greenpeace said that Bitcoin should change its consensus mechanism to proof of stake, just like Ethereum. Greenpeace USA – an environmental advocacy group – is calling out Bitcoin for having what it calls an “outdated and efficient” code system. In a tweet on Thursday, the organization doubled down on claims that Bitcoin’s proof of work

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$813 Million in Ethereum Shifted to Be Sold as ETH Drops Below $1,500 After Merge

Whale Alert cryptocurrency tracker that traces large transactions of digital currencies has noticed that several transfers of Ethereum made over the last 24 hours with small breaks between each other carried more than half a million ETH. Half of it was sent by an unknown address to be sold on Binance. This happened merely one

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Cardano Might See Investment Inflows Following Issues with Ethereum: Crypto Market Review, September 16

Contents Ethereum follows “sell the news” rule Bitcoin or Ethereum? Despite the successful Ethereum Merge, most altcoins, even those that benefited from the update, are moving into the red zone. Ethereum Classic, which gained more than 200% to its value ahead of the Merge, is not showing anything exceptional in the last few days as

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You Can Now Use Shiba Inu (SHIB) to Pay at 90 Million Merchants with Binance Card

Meme cryptocurrency Shiba Inu (SHIB) can now be accepted by roughly 90 million merchants around the globe, according to a Friday announcement. This was made possible by Binance Argentina adding SHIB to the list of supported cryptocurrencies for its prepaid card. Users can earn up to 8% in crypto cashback on their purchases. The exact

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Growing Illegal Use of Crypto Makes US Justice Department Create New Anti-Crypto Crime Network

The Department of Justice spread the word that it intends to try harder to fight the illicit use of cryptocurrency assets to protect the U.S. population. With this in mind, a special network will be created that will focus on digital assets. According to Attorney General Merrick B. Garland, the role of cryptocurrencies in the

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First solar-power Bitcoin mining plant opens in South Australia

A solar-powered Bitcoin (BTC) mining plant has begun operations in South Australia to become the first-of-a-kind center in the region. The plant operated by Lumos Digital Mining provides about five megawatts of electricity for the activity in a bid to curb Bitcoin’s carbon footprint, ABC News Australia reported on September 16. Angelo Kondylas, an official from Lumos Digital

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Ethereum Offshoot Coin ETHW Plunges 60% Since Start of Trading: Details

Bloomberg has reported that the new EthereumPoW (ETHW) token that represents the chain whose miners and community decided to remain on the Proof-of-Work protocol and not to go into the “bright future” with PoS and future transition to Ethereum 2.0 has plummeted by approximately 60 percent since it started trading on September 15 after the

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Terra, Celsius, Ravencoin, Kyber Network and Compound – Biggest Weekly Gainers

In Brief LUNA increased by 300% on Sept. 9.. RVN is trading inside a long-term descending parallel channel. KNC is trading inside an ascending parallel channel. These cryptocurrencies are: Terra (LUNA): 43.78% Celsius (CEL): 32.34% Ravencoin (RVN): 18.40% Kyber Network Crystal (KNC): 4.65% Compound (COMP): 3.88% LUNA LUNA was subject to a massive upward movement on Sept. 9,

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Biden Administration Crypto Framework Unveiled Underscoring Consumer Protection

In Brief The White House issued a statement saying it had launched a framework for digital asset development. While highlighting the need for innovation and integration, the framework will also bolster consumer protection. It recommends federal regulators collaborate and issue guidances, one of which issued earlier by the SEC is proving costly for banks. The

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