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Altcoins soar after Bitcoin price bounces off a key moving average cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
Green energy tokens capitalize on Teslaâs decision to nix Bitcoin payments Teslaâs decision to cease Bitcoin payments ignited a green energy debate that sent the price of low energy consumption protocols like NANO, HBAR and EWT higher. 20640 Total views Altcoin Watch After months of touting the benefits of Bitcoin (BTC) and blockchain technology, Tesla CEO Elon Musk shocked the crypto Twitter on May 12 by announcing that the electric car company would suspend its accepting BTC as a form of payment, citing concerns related to the energy required to mine the top cryptocurrency. As Tesla issued its statement, Bitcoin, Ether and a large segment of altcoins sold off sharply but there were a few projects that found clever ways to capitalize off the mayhem by tweeting about the âgreenâ nature of their networks that require only a tiny fraction of the energy required to maintain the Bitcoin network. ....
Market Analysis Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to the emerging asset class. While environmental concerns and the cost to reward debate rages on, there is one group of cryptocurrency projects that has the goal of bringing blockchain technology to the global energy grids as a way to encourage renewable energy generation through a flexible marketplace that connects energy buyers and sellers. ....
Energy Web Token recently saw a major price surge that took it up by 50%. The surge came after the project announced the plans to make staking a possibility, as well as due to the recent listing on a popular crypto exchange, Kraken. The rise of Energy Web Token Energy Web Token (EWB) is a […] ....