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Showing posts with the label positive

EOS becomes first “climate-positive” blockchain network

EOS Network Foundation has partnered with Upland and Aerial. The collaboration sees EOS become the first blockchain network to be “climate positive”. EOS uses a proof-of-stake (PoS) consensus mechanism. EOS Network has reached a landmark milestone among block chain network s as its vision of a green block chain crystalised with the latest collaboration between the EOS Network Foundation (ENF) and Upland, a Web3 platform for the metaverse. EOS is “climate positive” Although EOS was already a carbon neutral chain, ENF’s collaboration with Upland and sustainability platform Aerial to push the EOS Network from being a carbon-neutral blockchain to one that’s now “climate positive.” The move comes amid growing adoption of green energy even across proof-of-work blockchains like Bitcoin, around which there has been much debate on how to achieve more in terms of environmental sustainability. For EOS, a proof-of-stak...

5 cryptocurrencies that could benefit from a positive CPI report

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Crypto markets flip green following the continuation of last week’s rally in equities, and SOL, XMR, LDO and AAVE could be ready to move higher. Bitcoin (BTC) has finally pushed above the $17,000 mark after rallying to $17,375 on Jan. 12.  with both the bulls and the bears eyeing the Consumer Price Index (CPI) due on Jan. 12. If the print shows that inflation is cooling off, risk assets may rally, but a negative surprise could attract strong selling. While some believe that a macro bottom could be forming in Bitcoin, others remain skeptical. They draw a parallel between the current bear market and the dot-com bubble burst. The United States Federal Reserve stopped raising rates in May 2000 but the Nasdaq did not bottom out for two more years. If the same scenario plays out with cryptocurrencies, then the next bull run may not start in a hurry. Crypto market data daily view. Source: Coin360 However, one positive for the future of the crypto industry is that legacy finance companies ...