The energy-intensive process of Bitcoin mining, fueled by significant computing power, has garnered attention due to its potential environmental impact. The overwhelming majority of Bitcoin mining relies on electricity generated by fossil fuels, leading to greenhouse gas emissions and climate change. Reports indicate that the Bitcoin network consumes between 63 TWh and 121 TWh of electricity each year, equivalent to the entire energy consumption of Switzerland or Argentina, respectively. More...

The energy-intensive process of Bitcoin mining, fueled by significant computing power, has garnered attention due to its potential environmental impact. The overwhelming majority of Bitcoin mining relies on electricity generated by fossil fuels, leading to greenhouse gas emissions and climate change. Reports indicate that the Bitcoin network consumes between 63 TWh and 121 TWh of electricity each year, equivalent to the entire energy consumption of Switzerland or Argentina, respectively. More...

Asset manager ARK Invest and cryptocurrency ETP provider 21Shares have come together once again, submitting their third joint application for an exchange-traded fund (ETF) that would be based on bitcoin. The endeavor aims to serve as a safeguard for American investors, as the application states that such protection "currently does not exist." The proposed ETF, dubbed ARKB, would monitor the price of the pioneering cryptocurrency using the S&P bitcoin index. This ETF offering would enable inve...

Asset manager ARK Invest and cryptocurrency ETP provider 21Shares have come together once again, submitting their third joint application for an exchange-traded fund (ETF) that would be based on bitcoin. The endeavor aims to serve as a safeguard for American investors, as the application states that such protection "currently does not exist." The proposed ETF, dubbed ARKB, would monitor the price of the pioneering cryptocurrency using the S&P bitcoin index. This ETF offering would enable inve...

Deloitte, a global leader in audit and consulting services, has announced plans to integrate Polkadot's KILT Protocol parachain technology into its Know Your Customer (KYC) and Know Your Business (KYB) processes. The KILT Protocol is a blockchain-based solution that enables secure and efficient identity verification and management. The move is expected to enhance Deloitte's ability to conduct reliable and secure KYC and KYB checks, reducing the risk of fraud and increasing overall e...

Deloitte, a global leader in audit and consulting services, has announced plans to integrate Polkadot's KILT Protocol parachain technology into its Know Your Customer (KYC) and Know Your Business (KYB) processes. The KILT Protocol is a blockchain-based solution that enables secure and efficient identity verification and management. The move is expected to enhance Deloitte's ability to conduct reliable and secure KYC and KYB checks, reducing the risk of fraud and increasing overall e...