Intel’s Ultra-low-voltage energy-efficient Bitcoin Mining chip, Crypto Mortgage, BNB Burn, the Latest Cryptocurrency News for Eco-Friendly Invesn

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Intel’s Bitcoin Mining Shock, Crypto Mortgage, BNB Burn

Source: Adobe/Sundry Photography

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying underneath the radar of today’s crypto information.

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Mining News

  • On February 23rd, American multinational corporation and technology firm Intel has a presentation scheduled throughout the ISSCC conference to outline a brand new “Bonanza Mine” processor — a brand new chip described as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC.” For now, it is not clear if Intel will launch the Bonanza Mine chip as a product for the general public or if it stays confined to a research venture. However, given that the chip is in the “highlighted Chip Releases: Digital/ML” track and Koduri’s feedback, it is logical to expect that these chips might be supplied to customers within the near future, per Tom’s {Hardware}.
Source: ISSCC
  • Mining rig producer Bitmain launched the Antminer S19 Pro+ Hyd., marking the corporate’s first product to mix liquid cooling technology together with elevated hashpower. The mining machine will have a hashrate of 198 TH/s, energy efficiency (at 35°C) of 27.5 joules per terahash (J/TH) and will consume 5445 watts of energy, they stated.

Adoption news

  • Financial technology firm Milo announced its new crypto mortgage, which permits crypto traders to make the most of their digital assets to buy US real estate. Milo’s purchasers ought to be capable to pledge their BTC to buy property and qualify for a 30-year crypto mortgage.

Exchanges news

  • Binance announced they’ve accomplished their 18th binance coin (BNB) token burn, where a total of BNB 1.68m (USD 781.6m) was removed from circulation. Not like their earlier quarterly burns, the number of tokens eliminated for this quarter was automatically calculated according to the Auto-Burn formula.

Investments news

  • Investment firm Blossom Capital raised USD 432m to back early-stage tech startups in Europe, a 3rd of which has been earmarked for crypto investments, per Bloomberg. They stated that they’re looking to make investments not simply in cryptoassets, but in companies growing crypto infrastructure as well.
  • Decentralized finance (DeFi) protocol Hubble Protocol raised USD 10m just before its mainnet launch slated for January 28. They added that they are going to leverage this support to develop its crew and DeFi offerings throughout 2022.
  • Social commerce platform SPACE Metaverse collected an unspecified strategic funding from Binance Labs, the incubator arm of main crypto exchange Binance. The venture permits customers to design their very own digital commerce spaces for gaming, arts, style, music, and more.
  • Esports engagement platform Yesports stated it has raised USD 2.25m in an oversubscribed seed round led by investors that include Polygon Studios, Alphabit, Kernel Ventures, and Cosmos. The funds raised will go towards the event of their non-fungible token (NFT)-based esports marketplace and esports-focused metaverse.
  • NFT gaming platform Balthazar raised USD 3m of their first token sale at a valuation of USD 30m, as well as opened a non-public token sale round, elevating USD 8m and shutting next month.
  • Decentralized reserve currency OlympusDAO has partnered with DeFi protocol Balancer emigrate their liquidity to the Balancer Protocol. This migration offers a path for Olympus Pro partners to leverage Balancer’s Liquidity Bootstrapping Pools (LBPs) to conduct preliminary fundraising denominated in OlympusDAO’s native token OHM, which dropped almost 70% in a month.

Regulation news

  • Indian Prime Minister Narendra Modi called for world cooperation to deal with the challenges posed by cryptoassets. He likened crypto to supply-chain disruptions, inflation, and climate change and called for collective, synchronized action.
  • The UK authorities plans to convey the promotion of cryptoassets inside the scope of financial promotions legislation, which will make the promotion of qualifying cryptoassets topic to Financial Conduct Authority (FCA) rules according to the identical standards that other financial promotions such as stocks, shares, and insurance products are held to. That is planned to mitigate the dangers of consumer harm, guaranteeing folks have the suitable data to make knowledgeable investment decisions, the announcement stated.

Security news

  • Cross-chain bridge Multichain said customers who didn’t replace their approvals as instructed have been exploited and have lost 445 wrapped ether (WETH) (USD 1.4m). The project had warned its customers to take away approvals for six tokens, otherwise, their assets would be exposed to a safety vulnerability.

Career news

  • Crypto payment services provider Bitpay introduced Jim Lester as the company’s first Chief Operating Officer (COO), tasked with overseeing the company’s blockchain product innovation. Lester previously served as CEO and board director of ThingTech, the place he was responsible for the general strategic execution of the business.

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