Tag: Sustainable

Ethereum price rallies toward key resistance but is ETH’s strength sustainable?

coiner

Ether (ETH) is trading higher on Dec. 1, despite its inability to breach the $2,100 resistance. This level has prompted several rejections in the past three weeks, which is especially concerning given Ether’s 16.2% gains in November. Ether 12-hour price index, USD. Source: TradingView However, the current positive momentum is supported by several factors, including applications for spot ETFs and the expansion of Ethereum’s ecosystem, driven by layer-2 solutions. ETH benefits from ETF expectations and negative news related to competing blockchains A pivotal development occurred on Nov. 30, with the…

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Sazmining Establishes Sustainable Bitcoin Mining Facility In Paraguay

coiner

Sazmining, a hosted Bitcoin mining provider committed to 100% renewable energy, has set its sights on South America with the establishment of a new facility in Paraguay. Slated to commence operations on September 15th, the facility takes advantage of Paraguay’s low electricity prices, offering hosting at an competitive rate of 4.7 cents per kWh – a far cry from the average cost of 16.1 cents per kWh in the United States. “By harnessing surplus electricity, Bitcoin mining has ingeniously transformed Paraguay’s previous losses into a profitable venture for the entire…

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Bitcoin forks BCH, BSV and XEC soared last month, but are the gains organic and sustainable?

coiner

The start of June saw negative price action across the cryptocurrency market after the U.S. Securities and Exchange Commission (SEC) brought fresh lawsuits against the world’s largest exchanges, Binance and Coinbase. However, the sentiment quickly turned bullish after a crucial exchange-traded fund (ETF) proposal was filed by the world’s largest asset management firm, BlackRock, on June 16. A wave of ETF fillings and institutional trading interest in digital assets followed BlackRock’s ETF filling. The launch of EDX Markets — backed by Wall Street giants Fidelity Investments, Citadel Securities and Charles Schwab —…

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Can blockchain games really offer a sustainable income?

coiner

Blockchain games are mostly played for entertainment, but some developers within the industry think the games could eventually evolve into a form of employment where players can grind out a living wage.  Video games using blockchain tech allow players to earn native crypto or nonfungible tokens (NFTs) by playing and participating in activities within the virtual world. Users can then trade or sell their rewards to others and convert them to fiat currency or other crypto, such as Bitcoin (BTC) and Ether (ETH). Known as GameFi and play-to-earn (P2E), these…

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