June 2022 - Page 3 of 3 - CryptoCurrencyWire

MondayJun 06, 2022 12:45 pm

City of Reno Unveils First City-Operated Blockchain Platform

The City of Reno in Nevada has made history as the first city in the United States to create and run a blockchain platform focused on addressing the needs of the residents. That platform has been dubbed the Biggest Little Blockchain. Speaking at an event to unveil the platform, Reno mayor Hillary Schieve revealed that she was excited because this technology showcases how useful blockchain technology can be for the residents of Reno. She added that the residents deserved accountability and transparency from their leaders, and this project gives the residents an opportunity to access information easily. The platform, which…

MondayJun 06, 2022 12:00 pm

Cryptocurrency and Blockchain Technologies Address Global Challenges, Including Environmental Crisis Through Carbon Offsets

The UN Environmental Programme considers blockchain a potential opportunity for the reduction of carbon emissions and other environmental impacts faced globally Cryptocurrency and blockchain technology has the potential to create a positive environmental impact through the use of digital ledgers and carbon credits Carbon credits are digital certificates purchased by companies and environmental projects certifying that they have reduced emissions by at least 1 tonne of CO2 or equivalent greenhouse gas in a given year Companies can be considered carbon neutral if the number of carbon credits purchased equals their carbon footprint The voluntary carbon offsets market was valued at…

FridayJun 03, 2022 12:00 pm

Billionaire Ray Dalio Says Blockchain Is Digital Gold

While speaking on the sidelines of the World Economic Forum that ended recently in Davos, Switzerland, Ray Dalio, the billionaire founder and manager of the largest hedge fund across the globe said that blockchain is akind of digital gold. Earlier in February, the Bridgewater Associates manager stated that he believed that cryptocurrencies are likely to be banned by different governments around the world. Despite this gloomy prediction, Dalio is such a firm believer in the future of cryptocurrencies that he has invested his personal money in Bitcoin, and his hedge fund has also invested considerable resources in digital assets. While…

ThursdayJun 02, 2022 10:30 am

As More Companies Are Looking to Crypto-Futures, Bitcoin Mining Could Be Answer to Cutting Emissions

JP Morgan Chase & Co. announced growth in the cryptocurrency sector; is already using blockchain for collateral settlements for clients An “Onyx by JP Morgan” lounge was recently opened in the metaverse – with the bank citing a trillion-dollar annual revenue opportunity The bitcoin mining market was valued at $2285.4 million in 2021 and is expected to reach $5293.9 million by the end of 2028 HIVE Blockchain Technologies Ltd. is leading the way in bitcoin mining on a greener level – using hydroelectric technology for mining purposes Research indicates that bitcoin mining could be used to reduce methane emissions as…