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Bitcoin mining becomes greener and more decentralized

27 July 2021

temps de lecture 2 minutes

avatar-auteurManuel Valente

Banks and Institutions

The US authorities are launching an investigation against the Directors of Tether.

The investigation may relate to a period in 2017 when the USDTs in the market were allegedly not backed by sufficient dollars, as the corresponding collateral was held by a related entity.

Goldman Sachs announces the creation of an ETF

This ETF will be named “Goldman Sachs Innovate DeFi and Blockchain Equity ETF”. On closer inspection, the fund actually contains shares of Nokia, Facebook, or Google, among others, which are supposed to be the world leaders in decentralized finance and blockchain.

Still on the subject of Goldman Sachs, the company has published a survey of its 150 “family office” clients, i.e. family fortunes. 15% of them already own cryptos, and 45% want to be exposed to them.

Cryptoassets ecosystem

OKEx platform leaves China

After OKEx, it is the turn of the foreign exchange platform Huobi to abandon its operations in China. The company, registered in 2013 in Beijing and one of the market leaders in China, has not announced where it will move its operations.

The Hermitage Museum in St Petersburg is getting into NFTs.

Works by Vinci, Van Gogh or Monet will be tokenized and the corresponding tokens offered for sale on the Binance platform. Buyers will not receive ownership of the works, but only collectors’ items in the form of the tokens in question.

Bitcoin mining becomes greener and more decentralised

Bitcoin mining is becoming increasingly decentralized in 2021. In contrast to previous years, when corporate players had the bulk of the activity, there is a fragmentation of the market. Another piece of good news is that 67% of the companies that have joined the Bitcoin Mining Council use renewable or nuclear power.

A first unicorn in the NFT sector

OpenSea, the largest NFT exchange platform today, is becoming the industry’s first unicorn with a valuation of $1.5 billion, following a recent $100 million round. Initially, only on Ethereum, the platform now supports Polygon and Klaytn, and soon other networks.

The most prominent contemporary artists are getting into NFTs.

Elon Musk’s wife Grimes was able to sell an NFT of one of his musical works for $5 million in 20 minutes. The artist Damien Hirst sold a series of 10,000 NFTs corresponding to sheets of paper filled with colored dots. More than 30,000 people wanted to buy them, but the majority will only be able to buy them on the secondary market.

Technology

New attack on the Binance Smart Chain

The PancakeBunny platform has suffered another hack, to the tune of $2.4 million. Worse, the attack in question is a copy of an attack carried out two days earlier on ApeRockerFi, which is a clone of PancakeBunny, and which has not been corrected in the meantime.

Some figures

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