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| 🔗 Stories, Tutorials & Articles |
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| Bitcoin mining revenue jumps up 50% to $23M in one month |
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Bitcoin mining revenue increased 50% in January 2023, going from $15.3 million to nearly $23 million. The Bitcoin hash rate is also at a new all-time high of 300 exahashes-per-second.
Bitcoin has faced criticism for its high energy consumption but initiatives such as Gridless using stranded energy from a remote hydro minigrid in Malawi aim to address this. The project uses 50 kilowatts of hydro energy and has a low environmental impact. The CEO of Gridless, Erik Hersman, stated that the project allowed the power developer to buy 200 more meters to connect more families. |
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| 2023: The Year Blockchain Becomes a Sustainability Solution |
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Blockchain technology can contribute to sustainability by tracking and proving emissions from organizations and supply chains through their immutable, transparent and accountable nature.
Using smart contracts, companies can track and report carbon emissions produced at every step of their operations, and the use of zero-knowledge technology can ensure privacy. Blockchain can also be used in the carbon credit market to tokenize digital environmental assets and to manage electrical grids. The United Nations is also supporting initiatives in the Web3 community for blockchain applications in climate action.
In 2023, there is expected to be an increase in sustainability-focused systems using blockchain to track environmental impact and to provide clear standards for acceptable levels of impact. |
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| FTX’s implosion and SBF’s arrest, explained |
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| FTX declared Chapter 11 bankruptcy after a run on the crypto exchange prompted by questions from rival Binance and revelations about its relationship with Alameda Research. Now he’s under arrest in the Bahamas and could face extradition. |
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| Why EVM Compatibility Matters More Than Ever |
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Ethereum Virtual Machine (EVM) compatibility is important for blockchains like Horizen to have a successful ecosystem. EVM is a runtime environment for developers to create applications that run on any Ethereum-compatible blockchain.
EVM links all Ethereum accounts and smart contracts as a massive data structure, called a modified Merkle Patricia Trie, and runs transactions in Ethereum via EVM opcodes.
By supporting EVM, blockchains can tap into the existing Ethereum developer community and DeFi infrastructure, allowing them to build interconnected ecosystems and lower the barrier to entry for app developers. |
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| Grayscale Bitcoin Trust: the free money machine that went into reverse |
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Grayscale Investments and GBTC are discussed in this article.
GBTC is a fund that provides investment exposure to Bitcoin, created in 2013 for those unable to invest directly. Grayscale obtains and holds the Bitcoins, while investors buy GBTC through brokerage accounts. GBTC's price is meant to follow Bitcoin's, as the number of GBTC shares corresponds to the number of Bitcoins in the trust. The article explores how GBTC works and why it's central to the crypto collapse. |
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