Blockchain For Climate Action Must Be On The Cop26 Agenda

LEDGER INSIGHTS

The UN's "Code Red" climate report is evidence that the world must take action on global warming. When utilized in enterprise, blockchain may help minimize energy consumption, but the environmental benefits have yet to be realized. The decentralized ledger technology may help create new levels of transparency and tracking for environmentally-impactful supply chains – supply chains that have significant social and economic consequences. Blockchain-powered applications may assist with regulatory compliance, carbon footprint reporting, and can aid in slowing climate change, but only if recognized and used promptly.

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Will the U.S. Become the Global Hub for Crypto and Blockchain?

NASDAQ

The introduction of bitcoin ETF in the U.S suggests that it could become the global center for cryptocurrencies and blockchain. The United States is a late adopter of the cryptocurrency and blockchain industry, but it may end up being more dominant than other countries owing to its large GDP. The U.S. is the largest investor in blockchain technology. Its financial system is gradually incorporating cryptocurrency into its infrastructure, making it a potential FinTech leader. The U.S should be proactive about crypto and blockchain technology in order to lead other nations in adopting them.

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Welcome to the Crypto Metaverse, Where It’s All Too Easy to Lose

BLOOMBERG

Decentralized finance is creating a half-real, half-virtual world that requires full regulation. A cryptocurrency-fueled metaverse is a realm where there are no rules or regulations. In this Wild West of virtual goods, consumers may both create and lose money, while regulators are already paying close attention to DeFi. The financial sector is now interested in the "Wild West" of decentralized finance. Rather than being disrupted, banks are attempting to embrace the new technology. The DeFi market still has a risk of financial disaster, as it is rather complex. When algorithmic management goes wrong, investors have few legal options.

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Stablecoins: The Future Of Money

MONEY WEEK

Stablecoins aren't as well-known as bitcoin, but they may become increasingly significant in the future. Stablecoins are a new type of cryptocurrency that is less prone to fluctuations than other cryptocurrencies. Because certain banks have been preventing law-abiding consumers from dealing with cryptocurrency exchanges, the crypto industry has developed a dollar coin that lives on a blockchain. A single authority has no power over digital money. However, if a firm issuing a stablecoin breaks the law, its coin's value will plummet. The underlying trend is that money is increasingly being digitized and stablecoins are becoming more popular.

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Layer-2 And Multi-Chain Defi Platforms See Record Inflows As Ethereum Fees Soar

COIN TELEGRAPH

Since October, multichain-compatible DeFi platforms have seen record inflows as investors and developers seek to avoid the Ethereum network due to soaring gas fees. Blockchain projects and investors are finding transactions to be too expensive, while layer 2 technologies have been unable to help due to clogged networks. High Ethereum transaction costs are forcing a growing number of users to use bridges to move their assets to alternative, cheaper networks. As long as the high transaction fees on the Ethereum network cannot be addressed, the trend of assets being sent to alternative blockchains will continue.

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