Marathon Digital Holdings Launches Pilot Landfill Methane-Powered Bitcoin Mining Project

In a press release, Marathon Digital Holdings announced a partnership with Nodal Power, a renewable energy developer and operator, to launch a pilot project for mining bitcoin powered solely with energy derived from landfill methane. The already-active 280kW mining project is located in Utah and represents a step forward for the companies in implementing environmentally beneficial bitcoin mining technologies.

Marathon’s announcement comes after the release of a report co-published by Marathon and Bitcoin Magazine Pro: “Cashing in on Trash: Bitcoin Mining Offers an Economical Solution to Mitigating Landfill Methane Emissions” outlining the potential for bitcoin mining to profitably…

Read more on BitcoinMagazine

LATEST: Cathie Wood Advocates Bitcoin Over Gold as 10-Year Safety Investment

Ark Invest CEO Cathie Wood, a prominent Bitcoin supporter, has expressed her belief that Bitcoin surpasses gold as a 10-year safety investment. Speaking on a Bloomberg UK podcast, Wood passionately argued for Bitcoin’s superiority, citing its digital nature and potential for hedging against inflation and deflation. She highlighted Bitcoin’s appeal to younger investors and its ongoing evolution, while acknowledging gold’s historical significance. Wood’s perspective aligns with a growing trend favoring Bitcoin among millennials and Gen Z, suggesting a shifting landscape in investment preferences. Bitcoin’s recent performance further bolsters its standing as a formidable asset.

Binance’s spot trading market share falls to 40% in 2023: Report

Crypto exchange Binance’s market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago.

According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. “Binance’s spot trading volume has seen a significant decline in the past year, perhaps due to its listing strategy,” researchers wrote, “Most popular coins experienced a downturn immediately after being listed on Binance.” At the same time, Korean crypto exchange Upbit saw the most significant increase, with its spot market share increasing from 5% to 15.3% during the same period.

When all crypto trading volumes, including both…

Read more on Cointelegraph

Celebrating Bitcoin White Paper Day: Bitcoin Backstage with Adam Back

Bitcoin White Paper Day, celebrated on October 31, marks the 15th anniversary of the release of the groundbreaking Bitcoin white paper by the pseudonymous person or group known as Satoshi Nakamoto. This pivotal document, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” introduced the world to a revolutionary technology that has since disrupted traditional financial systems and sparked a global interest in digital currencies. On this special day, it is important to reflect on the significance of Bitcoin’s white paper, understand the underlying technology, and contemplate its future trajectory.

Understanding the Significance of Bitcoin White Paper Day

Bitcoin White Paper Day holds…

Read more on BitcoinMagazine

Web3 keeps falling short of real decentralization

While a lot has changed in the decade since Satoshi Nakamoto invented bitcoin — including the rise of centralized financial services for trading, lending, borrowing — decentralization remains a core value for crypto.

Yet, time and time again, Web3 is falling short of true decentralization. 

Web3 should reflect the diversity of the global population, including the full spectrum of geographic regions and technical expertise. If the industry doesn’t start taking this into account, full decentralization — and geographic diversity — will remain out of reach forever.

It’s no secret that a major focus of Web3 is to onboard new users with the ultimate goal of worldwide…

Read more on Blockworks

Conflux multichain protocol shuts down after two years

ShuttleFlow, the ecosystem multichain protocol operated and maintained by Conflux Foundation, also known as the Shanghai Tree-Graph Blockchain Research Institute, will shut down after two years. 

The ShuttleFlow technology stack will instead be transferred to Web3 studio Zero Gravity, which will continue to develop the protocol under a new brand. “All user funds are secure and will be migrated from ShuttleFlow to Zero Gravity,” developers wrote, adding, “Users who have previously bridged through ShuttleFlow and completed the claim of their bridged assets on the destination chain do not need to undergo any additional operations for the migration.”

“After ShuttleFlow shuts down its… Read more on Cointelegraph

Investor rush into crypto products the largest since 2021 bull market high

Investor funds have continued to flow into cryptocurrency investment products in November, following a significant influx in October.

Net flows into crypto-related offerings hit $261 million last week, down slightly from $326 million the week before, according to CoinShares data. 

The total pushed the weekly net inflow streak to six. Crypto products have attracted a total of $767 million during that span, a sum that eclipses the total inflows — $736 million — seen in all of 2022. 

The six-week streak of net inflows surpasses a four-week run of inflows that totaled $742 million in July. It marks the largest since December 2021, CoinShares research head James Butterfill said in a…

Read more on Blockworks

Top 10 Trending Crypto Coins of The Day

  1. Arbitrum: Market Cap of $1.4 Billion.
  2. Dione: Market Cap of $29 Million.
  3. Injective: Market Cap of $1.4 Billion.
  4. Tectum: Market Cap of $42 Million.
  5. Celestia: Market Cap of $327 Million.
  6. DinoLFG: Market Cap of $20 Million.
  7. Toncoin: Market Cap of $9.3 Billion.
  8. Litecoin: Market Cap of $5.4 Billion.
  9. Rollbit Coin: Market Cap of $793 Million.
  10. Memecoin: Market Cap of $139 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

LATEST: U.K. Authorities Seek Feedback on Stablecoin Regulation

The Bank of England (BoE) and the UK’s Financial Conduct Authority (FCA) are inviting feedback on their proposed regulatory approach for stablecoins in the U.K. They have expressed concern about the potential risks to financial stability posed by widespread use of stablecoins in retail payments. The BoE’s proposal aims to regulate operators of payment systems using stablecoins, issuers, and wallet providers to ensure safe innovation. Both discussion papers explore the benefits of stablecoins in terms of faster and cheaper payments. The UK is taking steps towards comprehensive crypto asset regulation, with feedback sought until February 6, 2024.

Bitcoin Will Completely Change Real Estate Markets And Interest Rates

Introduction

People used to own real estate because of its utility value, which is characterised by the fact that you can live in it or use it for production. Today, however, it serves the world as the primary asset for storing value. A former function of money that is no longer possible due to decades of monetary inflation that has decimated people’s purchasing power. This development coincides with the “Nixon shock” of August 15, 1971, when U.S. President Richard Nixon announced that the U.S. would end the convertibility of the U.S. dollar into gold. Since then, central banks around the world have started operating a fiat-based monetary system with floating exchange rates and no real…

Read more on BitcoinMagazine