Bitcoin mining carbon emissions at ‘inconsequential’ levels: CoinShares
As per a report from CoinShares, the impact of Bitcoin mining on carbon emissions is minimal, especially when compared to the global financial system. It is estimated that the Bitcoin (BTC) mining network emitted 42 megatons (1Mt = 1 million tons) of carbon dioxide in 2021. In context, the number amounts to less than 0.08% of the world’s total emissions of 49,360 Mts of CO2 last year.
Crypto prices today: Bitcoin down 0.1%, ETH up 0.7%
Bitcoin is currently trading at $38,386, a 0.13% decline over the previous day. Ethereum rose 0.7% over the last 24 hours to $2,759. Solana has spiked 3.5% to $109.23, while Cardano has increased by 1.5% to $1.07. Polygon (MATIC) is down 1.1% to $1.63. The global crypto market cap stands at $1.77 trillion, a 0.2% increase over the previous day.
OpenSea hits record $5B in monthly sales as Ethereum NFT market expamds
NFT marketplace OpenSea generated more than $5 billion in total trading volume in January between Ethereum and Polygon sales, breaking the previous record from August 2021. OpenSea had more than $4.95 billion of Ethereum trading volume in January and over $79 million on Polygon. Both are single-month records for each respective platform.
El Salvador selects AlphaPoint to fix Bitcoin wallet Chivo
El Salvador’s government has selected US software company AlphaPoint to fix its buggy state-sponsored Bitcoin wallet and implement the Lightning Network. New York-based AlphaPoint started improving the Chivo wallet in December. It improved the wallet’s user interface, fixed various bugs, and installed a feature so it can handle the Lightning Network.
SEC asks Bitwise to address concerns about proposed Spot Bitcoin ETF
The US Securities and Exchange Commission has asked Bitwise to clarify how it will prevent share manipulation, fraud, and other potential issues in its proposed spot Bitcoin ETF. The agency also flagged its concerns about the Bitwise Bitcoin ETP Trust’s liquidity and transparency. The SEC requested more color on the “suitability” of Bitcoin as the underlying asset for the fund.
