The [Refinable](https://refinable.com/) crypto NFT marketplace claims to have answers to the challenges facing the space.

NFTs (non-fungible tokens) have become an integral part of the crypto finance industry. Despite June 2022 becoming the worst month for digital collectibles in terms of sales, NFTs reached new milestones in volume in 2021.

This has made it a vital part of the transition from Web2 to Web3 and the metaverse. What is Refinable crypto offering?

## What is Refinable Crypto (FINE)? 

Launched in April 2021, Refinable is an NFT marketplace housed in the ecosystem of the Binance Smart Chain. It aims to become the definitive hub for the majority of artists to create NFTs and expose them to millions of digital art lovers.

Unlike other NFT platforms, this open market seeks answers to the four main verticals of NFTs: utility, discovery, distribution, and creation.

For creators, using this open market will make it easy to tokenize content. Once content has been tokenized, creators can distribute them to end-users (buyers) through different mechanisms such as gifts, auctions, and royalties.

For users, the Refineable crypto NFT platform provides the perfect marketplace to find and invest in digital art from various creators. They can then store their collectibles and resell them for a higher price or sell intellectual property rights of their NFTs to brands and other stakeholders in the decentralized finance (DeFi) space. 

To put it simply, Refinable addresses major friction points such as low flexibility, poor discoverability, and high fees, and will be using its platform to bring NFTs to a much wider audience.

Like all crypto projects, the blockchain comes with a native asset, FINE, that serves as a governance token. As of July 5, 2022, FINE could be found on four exchanges. They are Bilaxy, AscendEX (BitMax), AEX, and Gate.io.

## How does Refinable Work? 

As an easy-to-use platform, creators can use Refinable to create their own NFT line without having coding experience while keeping commission and fees to the barest minimum.

This helps individuals with unique arts to sell as well as institutions that have millions of intellectual properties to display.

Once uploaded to the marketplace, users can browse through a range of collectibles featuring their favourite entertainers, brands, and artists.

## How does Refinable Compare with OpenSea? 

OpenSea is housed on [Ethereum](/coins/eth), while Refinable is built on BSC. OpenSea was designed for NFT enthusiasts and collectors, while the marketplace on Binance Smart Chain supports both enterprise and consumer use cases.

Overall, OpenSea remains the largest NFT marketplace by trading volume, but lacks a utility token. Refinable has a utility token in FINE and has several significant enhancements woven into its protocol to meet the needs of the current NFT landscape.


Refinable Crypto NFT Marketplace Explained

In the latest VeChain news, a long-term partnership with the world's premier mixed martial arts organization, the Ultimate Fighting Championship (UFC), was announced on Thursday, June 9, 2022.

## Positive sentiment on the back of latest VeChain news

[VeChain](https://www.vechain.org/) is one of the early real-world blockchain applications with offices in the United States, San Marino, Ireland, Italy, France, Singapore, China, Japan, and Luxembourg.

As the leading global sustainability-focused blockchain foundation, this alliance will help the layer 1 solution receive unmatched access to the assets of the UFC. Some of the perks of the partnership include VeChain having access to in-arena promotions, original content distributed through Ultimate Fighting Championship's popular social and digital channels, as well as live events.

This VeChain news means that more than 900 million households in more than 170 countries that watch broadcasts of UFC competitions will be exposed to the power of blockchain solutions.

Chief Executive Officer and co-founder of VeChain, Sunny Lu, said this union is a historic one for the blockchain that has the lion's share of most enterprise adoptions.

He added it would help educate millions of people about the possibilities of blockchain technology in helping sustain projects such as the fastest-growing sport, UFC.

UFC Senior VP of Global Partnerships, Paul Asencio, recognized VeChain as one of the global leaders in blockchain technology.

He said he was glad to have the technology company as the Official Marketing Partner of UFC because of what their blockchain has done for the public and private sectors using their carbon-neutral protocol.

He added that UFC would use this opportunity to educate skeptics about the pros of using [blockchain technology](/news/article/applications-of-blockchain) to protect the environment.

This looks like one of many alliances that could make VeChain news as the layer one blockchain protocol looks to forge new coalitions in the future.

## Other supporting factors

Aside from UFC, the company has forged alliances with leading enterprises such as LVMH, BYD Auto, BMW Group, Bayer, and Walmart.
Having one of the most vibrant ecosystems in the saturated blockchain technology space, VeChain has been adopted by governments and several enterprises. As of July 2022, it continues to mainstream applications across industries such as energy, medicine, supply chain and logistics, carbon management, sustainability, and others.

The major drivers of cryptocurrency’s value comprise exchange listings, staking services, and partnerships.

This alliance with UFC reflected positively on the valuation of the novel token of the protocol, VET, which can be found on roughly 36 exchanges.

## VeChain price forecast

On June 9, VET opened with a trading price of $0.0303 and increased to an intraday high of $0.03304.
With day traders using several strategies to make profits from small price changes, a sell-off to lock in gains saw a 9% decrease to an intraday low of $0.02998. VET closed the day with a new trading price of $0.03189, per data retrieved from CoinMarketCap. Overall, this meant VET shed 3% between its opening and closing price on the day of the partnership.

The effect of the partnerships has led to increasing questions about its native asset, VET. Many continue to ask about VET predictions.
Despite the slight price increase, analysts at Wallet Investor do not foresee VET reaching new milestones in the future. In the short term, they do not see VET testing its all-time high (ATH) price of $0.2782 on April 17, 2021. According to them, by the end of 2022, VET could command an average trading price of $0.00273, a minimum price of $0.00137, and a maximum price of $0.004096.

On the other hand, experts at the technical analysis-backed Digital Coin Price predict VET to exchange hands for a regular price of $0.0290, the least possible trading price of $0.0272, and the best possible trading price of $0.0308 by the close of 2022.

Analyst David Cox at CryptoNewsZ remains bullish about the future price patterns of VET.

Other drivers likely to trigger an uptrend in the digital asset's value are positive crypto market sentiment, renewed interest in risky assets, and clarity on crypto regulation.

Per the analyst, VET could have $0.05 written next to it by the end of the year, $0.07 in 2023, and $0.09 by the year’s end of 2025.
VeChain has an awesome protocol, making its digital token VET one of the assets you can consider for your investment portfolio.



VeChain News: Will VET Reach $10?

There has been lots of buzz about altcoins recently, making most crypto investors wonder if they are missing out on something big. But what is the altcoin buzz really about?

To fully understand the altcoin buzz, you first need to know what an altcoin is. 

## What are Altcoins?

Any digital currency that isn't [Bitcoin](/coins/btc) is an altcoin. The word "altcoin" is a portmanteau of "alternative" and "coin" to form "altcoin". It refers to a group of cryptocurrencies - all the coins other than Bitcoin. 

By market capacity, the top three altcoins are Ethereum, USD Coin, and Tether (USDT). Ethereum is the most popular. Other examples of altcoins are Shiba Inu, Solana, Litecoin, Dogecoin, XRP, Binance coin(BNB), ApeCoin(APE), and SandBox.

The first altcoins started in 2011, and now thousands of them exist. Early altcoins strived to improve Bitcoin's traits, such as transaction speeds or capacity efficiency. More recent altcoins perform a variety of tasks.
Different types include:

[Stablecoins](https://www.investopedia.com/terms/s/stablecoin.asp): Cryptocurrencies constructed to follow the price of another currency. Most of the biggest stablecoins are pegged to the US dollar and try to emulate its value. If the price fluctuates, the issuer of the coin will take actions to amend it. Examples include Tether(USDT), USD coin(USDC), and Dai(DAI).

Staking-based: These cryptocurrencies use a technique called staking to verify transactions and augment more coins to the stock. Owners of a staking-based cryptocurrency can select to stake their coins, meaning they're committing those coins to be used for transaction processing. The cryptocurrency's blockchain policy assigns a partaker to verify a block of transactions. In return, participants receive crypto prizes.

Mining-based: This cryptocurrency category uses a mining method to validate transactions and expand more coins to the supply. Miners use gadgets to solve mathematical equations. Naturally, the first miner to decipher the equation gets to validate a block of transactions. In return, miners who validate blocks obtain crypto bonuses.

Governance tokens: They are cryptocurrencies that bestow owners voting rights to help form the future of the project. In most cases, these tokens allow you to develop and vote on suggestions associated with the cryptocurrency.

## Are Altcoins Reliable and the Future of Cryptocurrency?

Future values of altcoins are hard to predict, but if the blockchain they were designed is used and developed, the altcoins are likely to continue and prosper.

With the current state of Bitcoin now, everyone is getting an education on other options they can invest in and use for transactions.

Each time Bitcoin drops in value is an opportunity for altcoins to rise and receive more investment. In recent months, there has been altcoin buzz because of the state of the market.

## Conclusion 

As we all know, Bitcoin is the biggest cryptocurrency. But the value has been hit in recent months, meaning crypto investors have looked at alternatives.

That has increased the altcoin buzz, as investors investigate the top altcoins to invest in and learn more about in times of a crypto crash.

Expanding an investment portfolio beyond Bitcoin can be sensible, especially as some altcoins could deliver significant profits.

As ever, before choosing to invest in any cryptocurrency, ensure you conduct thorough, independent research.


Altcoin Buzz: What's It All About?

If you follow the cryptocurrency markets, you have probably heard the term "crypto whale".
They are prominent players in the crypto world known to buy enormous amounts of a particular coin, often altering the market.

Read on to see how crypto whales affect the market.

## What is a Crypto Whale?

A whale is someone with a significant quantity of money to invest in the cryptocurrency markets. They earned the name because a whale is the largest creature in the ocean.

Whales can be individuals, groups, or companies, such as hedge funds or trusts.

## Who is the Biggest Crypto Whale?

The following are some of the publicly-known holders of large amounts of cryptocurrency:
•	[Sam Bankman-Fried](https://ph.news.yahoo.com/crypto-weekly-shrimps-whales-rescue-181438236.html)
•	Micheal Saylor
•	Brian Armstrong
•	Cameron and Tyler Winklevoss
•	Roger Ver

Each name on this list plays a significant role in the crypto markets, especially in [Bitcoin](/coins/btc).

## Crypto Whale Effect on Price

Whales can also increase price volatility, particularly when they move a significant amount of cryptocurrency in a single transaction.

For example, when an owner tries to sell their Bitcoin for fiat currency, the lack of liquidity and big transaction size put downward pressure on Bitcoin’s price because other market players see the transaction. Other investors are on high alert when whales sell, looking for signs that the whales are “dumping” their holdings.

The exchange inflow, or the average quantity of a particular cryptocurrency being deposited into exchanges, is a common sign that crypto-investors look for.

When a crypto whale dumps, the large volume can impact value on its own. However, it also sparks fear among other, smaller investors who follow suit, sell up, and further drive down prices.

## Crypto Whale Impact on the Crypto Market

Crypto whale activity has the potential to have a significant impact on cryptocurrency markets. This includes individual cryptocurrency prices and market capitalisation.

This is because whales frequently conduct trades worth tens or hundreds of millions of dollars. These large sell or purchase orders can cause considerable price fluctuations. For example, when a large buy order is placed, the price of a particular cryptocurrency can skyrocket since it signals to the market that the asset is in more demand.

When whales place a large sell order, the price can move in the opposite direction because the market receives the contrary signal, and the asset appears to be unloaded.

When a crypto whale makes large buys or sells, they can influence the market, resulting in a cascade of buy or sell orders.

About 1,000 people are thought to own nearly 40% of all Bitcoins. With so few people holding so much BTC, any substantial buy or sale from these mega-investors might swing the market in either direction. It may affect the market negatively or positively, depending on the signal received.

## Conclusion

Whales are an important element of the cryptocurrency ecosystem to understand. Their actions can induce price fluctuations up or down, resulting in dramatic market reactions. Some whales engage in high-volume trades regularly, while others merely amass and hoard as much as possible.

If cryptocurrencies continue to expand and become a more powerful asset class, the whales will become much wealthier and control an even larger share of the crypto sea.

It can confidently be stated that the whales control the crypto market, as their decisions influence the market. When they make huge investments, prices rise, and once they dump, due to the large amount removed, the market dumps as well.

As Bitcoin significantly influences other cryptocurrencies (altcoins), a BTC crypto whale has influence beyond their chosen coin.

Influencing the value of Bitcoin, up or down, sends ripples throughout the crypto market.


Crypto Whale: What Is It?

While [Bitcoin](/coins/btc) is the big boy of the crypto world, many other coins, known as "altcoins," have emerged in recent years. But which are the altcoins to watch?

Finding the most outstanding altcoins can be difficult due to the many options available, but it's well worth it because these currencies can often yield triple-digit returns.

We've conducted research and put together some of the most interesting altcoins to watch closely in 2022, in no particular order. But first, we need to understand what an altcoin is.

## What are Altcoins?

The term "altcoin" is made up of two words: "alt" and "coin," where alt means "alternative" and coin means "cryptocurrency". They denote a type of cryptocurrency alternative to the digital Bitcoin currency when used together. Following Bitcoin's success, a slew of alternative peer-to-peer digital currencies sprung up to compete.

## Top Altcoins in 2022

### Litecoin: Litecoin (LTC) is a cryptocurrency that was founded in 2011 as a result of a fork in the Bitcoin blockchain. It was created in response to developer worries that Bitcoin was becoming too centralised and making it more difficult for large-scale mining companies to obtain an advantage in mining. For example, a Bitcoin block takes roughly 10 minutes to mine, but a Litecoin block only takes two and a half minutes. The supply of Litecoin is set at 84 million, and the current reward for mining a block is 12 and a half Litecoins, which will be cut in half in 2023.

### NEO: NEO is a Chinese-based blockchain platform, cryptocurrency, and network for decentralised programmes, or dApps. It was influenced by networks like Ethereum, but with a few significant technological changes.
According to its designers, NEO was created for the "Smart Economy", which combines digital assets, digital identities, and smart contracts into one seamless environment. The goal of NEO was never to destabilise China's fiat currency but rather to assist the country's economy is transitioning to the blockchain era.
Despite the Chinese government's crackdown on ICOs and cryptocurrencies, NEO has been able to raise the funding necessary to develop and launch its initiatives, fueling concerns about a possible link between the business and Chinese officials.

### [STELLAR (XLM)](https://coinmarketcap.com/currencies/stellar/): Stellar is a decentralised network that allows users to generate, send, and trade various cryptocurrencies. It was founded in 2014 and debuted in 2015 with the goal of connecting the world's financial systems into a single network.
Like other blockchain-based decentralised platforms and exchanges, Stellar is distributed across numerous servers. This means that a single entity does not supervise the behavior on Stellar. Stripe, one of the major payment gateways in the world, stated plans to replace Bitcoin with XLM in early 2018. As a result of this news, Stellar's price increased by 20% due to this announcement, cementing the coin's position as a Bitcoin alternative.

### ETHER (ETH): The cryptocurrency utilised on the Ethereum blockchain network is called Ether. Ether is known to be the second-largest cryptocurrency in the world, after bitcoin, in terms of market capitalisation. Hence it might be called the largest of the 'altcoins.'
Vitalik Buterin, a programmer, introduced Ethereum as a platform in 2013, and the network went online in 2015. It's mostly used as a decentralised finance platform, but it's also been used to assist with developing other altcoins via initial coin offerings.

### DOGECOIN ([DOGE](/coins/doge)): Dogecoin is the final altcoin we'll discuss in this article, and it's one of the most recent to get mainstream notice. This interest is partly due to celebrity endorsements like Elon Musk, Snoop Dogg, and Gene Simmons on social media.

Dogecoin began as a parody of cryptocurrencies, but it has since grown in market value and popularity. Dogecoin is a digital asset based on a fork of the Litecoin code that serves as an accessible entry point for crypto newcomers. It is based on a division of the Litecoin code. Since its inception in 2013, Dogecoin's popularity has sparked the development of a slew of copycat memecoins, which have grown into their [industry](https://prnews.io/blog/video-journalists.html) of fun digital assets that demonstrate the market worth of internet culture in the digital economy.

## Conclusion

Some people see this low-price phase as an opportunity to increase their crypto holdings before prices rise again. However, much depends on your financial situation and expectations for how crypto will perform in the long run.

Buying crypto may make sense if you only invest money you can afford to lose and have other financial goals, such as retirement savings and an emergency fund.

These altcoins may be interesting in July for various reasons, but don't buy them hoping for a quick profit. Furthermore, don't buy something just because the price appears low; it could go lower. Instead, take time, thoroughly investigate the topic, and maintain a long-term perspective.


Altcoins to Watch: The Top 5

It can no longer be ignored, so now we must ask, 'what is the impact of cryptocurrency on society?'.
Bitcoin has inspired a variety of reactions since its inception in 2009. Some people consider [Bitcoin](/coins/btc) to be a ground-breaking breakthrough. Some say it is a passing blip on the radar; others believe it is here to stay.

What is beyond doubt is the impact of cryptocurrency on society, most notably Bitcoin.

It is time to ask what crypto will provide to our communities, whether it will improve administrative and financial tasks, and whether it could benefit humanity.

## What are the Advantages of Cryptocurrency?

Although a relatively new innovation, cryptocurrencies are, in my opinion, unquestionably here to stay.
That is largely due to the numerous advantages they offer. The impact of cryptocurrency on society can be positive, if you know how to tap into the benefits.

Not least is its ultra-secure, transparent infrastructure.

A further advantage to cryptocurrencies that is particularly relevant at the moment is the avoidance of inflation.
Because they are not tied to a particular currency or national economy, the value is determined by global demand and not national inflation.

When the supply of a cryptocurrency is limited - for instance, Bitcoin is capped - the amount available cannot spiral out of control.

## The Impact of Cryptocurrency on Society

The majority of cryptocurrencies use blockchain technology, and it is an innovation with significant potential benefits for society.

Here are just three examples of ways in which using crypto for everyday tasks can impact on society.

1.	Cryptocurrencies give you, and only you, control over your money: Traditional cash gives complete authority over your finances to central banks and the government. It isn't really "your money." If you trust your government, that's fantastic. But keep in mind that your bank account can be frozen anytime, denying you access to your funds. In the United States, for example, if you die without a legal will and run a corporation, the government has the right to all your assets.

2.	Simplified [Cross-Border Transaction](http://www.ruchelaw.com/cross-border-transactions/): You might think that in the digital age, businesses can sell to anyone, regardless of their location. However, obstacles remain. One of the most significant is the high cost of processing payments. Cryptocurrencies allow you to trade abroad without giving up a portion of your profit or overpricing your product, as well as avoiding transaction fees. The value of Bitcoin is the same everywhere, and the lack of intermediaries speeds up and lowers the cost of transactions.

3.	Eliminating Extreme Money-Printing: A government may be able to bail out debt or devalue its currency by printing more money. This is like bandaging a broken leg. It not only rarely solves the problem, but the harmful side effects might often outweigh the initial problem. The supply of most cryptocurrencies is finite. When all of those coins are circulating, there is no straightforward method for a central authority or the firm behind the blockchain to simply generate more coins or increase the supply.

## Conclusion

Even years after its release and development, cryptocurrency still has room for improvement and exciting advancements.

The risks are likely to decrease further as governments establish guidelines and ways to stabilise the product while retaining its unique appeal are found.

Indeed, there is little question that the impact of cryptocurrency on society will be significant.


The Impact of Cryptocurrency on Society

NFTs are a massive deal in the crypto space right now. Among the many non-fungible tokens to burst onto the scene is Angry Bears NFT.

Before we discuss Angry Bears NFT further, let's understand more about NFTs.

## What are NFTs?

A non-fungible token (NFT) is financial security consisting of digital data compiled on a blockchain, establishing ownership.

The owner can transfer this, enabling [NFTs](/news/category/nft-news) to be sold and marketed. NFTs can be created by anybody with few or no coding skills needed.

They are bought and sold online with cryptocurrency and commonly encoded with the same underlying software and as many cryptos.

They have been used to demonstrate ownership of digital files, including artworks, music, videos, and a range of 'collectibles'.

Non-fungible tokens have become big business, with some examples changing hands for more than $100 million.

## What are Angry Bears NFTs?

Angry Bears NFT is a collection of digital artworks stored on the Elrond blockchain. The collection was established by co-founders Horatiu and Rares.

As the name suggests, each NFT is an image of an angry looking bear. The artworks are intended to be cool and unique.

The first drop was December 15, 2021, when 1,000 sold for 0.3 EGLD. On January 30, 2022, another 1,000 pieces sold for 0.45 EGLD in fewer than 60 minutes.

The next round is expected to be for 0.5EGLD (plus gas fees).

The founders say the supply of male bear artworks is 9,999, with just over 2,000 sold. The intention is to introduce breeding so that owners of one male and one female bear will be gifted a baby bear that they can sell.

They also intend to have an exclusive habitat in The Sandbox.

You cannot choose the one you want, as the distribution of these NFTs is completely random.

To mint an Angry Bears NFT, you need a Maiar exchange app and minimum funds of 0.52EGLD on your account.


Angry Bears NFT Explained

In the crypto space, there are many thousands of altcoins, each created for its own purpose. But what are altcoins?
[Bitcoin](/coins/btc) was the first widely known cryptocurrency and is, currently, the most popular. It paved the way for more crypto projects to follow, and every one of them is an altcoin, or alternative coin.

So, if you ask what are altcoins, they are simply every cryptocurrency that isn't Bitcoin.

## What are Altcoins - The Details

There has been much buzz around altcoins in recent months. This was due to Bitcoin suffering a dramatic loss in value, inspiring investors to look at alternatives. However, the market downturn affected most of the leading altcoins as well as BTC, so that didn't always work out.

As Bitcoin prices recover, the altcoin buzz remains. That's because wherever BTC values go, many other crypto prices are likely to follow.
In this article, we'll look at some of the altcoins on the market, as well as what makes an altcoin valuable and the techniques and strategies widely used to generate significant returns on altcoin investments.

Many altcoin cryptocurrencies are based on the same basic structure as Bitcoin. As a result, most are peer-to-peer, necessitating a mining process. Even though they share many characteristics, altcoins can differ significantly from one another.

Some popular altcoins:

•	Ethereum
•	XRP
•	Tether
•	Cardano
•	Polkadot
•	Stellar
•	USD Coin
•	Dogecoin
•	Chainlink
•	Uniswap
•	Shiba Inu

## Types of Altcoins

Despite all being inspired by Bitcoin’s open-source technical blueprint, every altcoin, on the whole, seeks to be unique.
Many crypto enthusiasts treat altcoins as though they were just another type of asset. They do, however, fall into one or more well-defined categories.

While altcoin is the general name used to identify coins that are not Bitcoin, they divide into different categories. These include:

•	Stablecoins 
•	Memecoins 
•	Utility tokens
•	Governance tokens 
•	Security tokens 
•	Forks 

Let's look at the popular ones: Stablecoins, memecoins, and utility tokens.

## Stablecoins 

A stablecoin, unlike other cryptocurrencies, is a less volatile coin. The value of a stablecoin is pegged on a fiat currency, for example, the US dollar. They are not affiliated with the fiat currency they are pegged to, just affected by the currency's value. Examples include USDT and BUSD.

## Memecoins

Memes are usually jokes about existing cryptocurrency. They are often created in large quantities and influenced by large cryptocurrency communities. They pump really fast and, often, dump just as fast. That said, some of these coins do have prospects. Examples include Dogecoin and Shiba Inu.

## Utility Tokens

These are tokens used to pay for transactions, mint tokens, trade services, and receive certain access within any particular blockchain network. An example of a utility coin is Ethereum, the second-largest cryptocurrency in the crypto market. 

Other altcoin types not highlighted are useful as well, but not as well used as those listed.

## Are Altcoins Legit?

There are many thousands of altcoins, with new ones being launched all the time. Many have made investors large profits and continue to perform well. Many new entrants have strong prospects because of their potential utility.

Sadly, we cannot say that all altcoins are legit. While many are genuine and successful, there are scams and frauds which blight the crypto space.

[Pump and dump schemes exist](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/pump-and-dump/#:~:text=A%20pump%20and%20dump%20scheme%20is%20a%20type,selling%20the%20securities%20at%20a%20high%20price%20%28%E2%80%9Cdump%E2%80%9D%29.). They seek to entice investors with promises of an exciting or unique new altcoin, then cash out once the price soars and leave investors with almost valueless coins.

To avoid scams, do your own research. Read widely, look for white papers and use case explanations.

## Are Altcoins Long-Term Investments?

The answer depends on the particular altcoins. Not all altcoins are long-term investments; some excel when they are newly created and never come up again after that. These have become known as shitcoins.

Other altcoins have been on a steady growth path from launch.

Ethereum is a good example of a long-term coin, but the price is much higher than that of other altcoins. There are other good long-term coins, but DYOR is the best way to figure out which is an investment possibility. 

## Avoiding Shitcoins

Shitcoins are cryptocurrencies with little or no value. They usually have no purpose and are created in really large numbers.
It is pretty easy to spot shitcoins as their prices increase quickly after the launch and start dumping once investors remove their investments. 

How do you identify these shitcoins? Well, the answer is to do your own research. Take a look at the crypto you are planning to invest in online. Find out if the company has a purpose, the number of tokens created, how these tokens are circulated, and how the company operates.
Though shitcoins are bad investments, most people still invest in them as a scheme to get rich quick. Many have become rich through investing in shitcoins, but many others have lost fortunes.

If you must invest in shitcoins, you must learn not to be greedy and know when to pull out your investment.

## Which Altcoin Will Be the Next Bitcoin?

After 'what are altcoins?', this is the big question.

Most crypto investors are eager to know if there will be an altcoin as successful as Bitcoin.

That's because of FOMO - fear of missing out. Early investors in BTC benefited from engaging at the start - they bought at low prices and now hold BTC worth substantial amounts.

Investors don't want to miss being in on the ground floor of the next Bitcoin.

Is it possible for an altcoin to do better than Bitcoin? Well, yes, it is. Most of these altcoins use more advanced technology than Bitcoin, and there is more publicity now about cryptocurrency. Although it could happen, knowing which of the altcoins will achieve Bitcoin-style success is difficult.

There is high volatility in the crypto market, meaning it is not predictable.

Once again, DYOR. There are many altcoins with good prospects, do your research on them, and most importantly, invest wisely.

## Conclusion

Not everyone holds altcoins in high regard, especially bitcoiners. That doesn't change the fact that altcoins are here to stay or that they can also make suitable long-term investments.

There are altcoins not to trust, like shitcoins and a fair few memecoins, but that doesn't make them all bad.

A benefit of investing in altcoins is not putting all your eggs in one basket. If you only buy Bitcoin, your portfolio's fortunes rise and fall with BTC. Diversify and spread the risk.


What is an Altcoin? A Good Investment or Risky? 

Crypto mining farms have attracted criticism as cryptocurrency mining has grown in popularity worldwide, with countries like China, Iceland, and Georgia leading the way. The major concern is energy consumption.

## What are Crypto Mining and [Crypto Mining Farms](/news/article/mining-farm)?

The practice of digitally adding transaction records to the blockchain, a publicly distributed database that holds the history of every transaction, is known as mining. Crypto mining farms bring together the equipment needed to conduct the process on a large scale.

Mining is a data-keeping activity that requires a lot of processing power. To ensure the payment network is trustworthy and secure, each crypto miner contributes to a decentralised peer-to-peer network. This energy-intensive process is a significant source of greenhouse gas emissions, especially from crypto mining farms.

Most people consider crypto mining to be nothing more than a method of manufacturing new currency. In fact, crypto mining entails validating crypto transactions and adding them to a distributed ledger on a blockchain network. Most crucially, crypto mining prevents digital currency from being spent twice on a decentralised network.

When a member spends cryptocurrency, the digital ledger must be updated by debiting one account and crediting the other, just like with physical currencies.

## How Does Crypto Mining Work?

Miners usually compete to prove their computational work in exchange for a block reward in cryptocurrency mining. A block with related cryptographic hash functions containing transaction data becomes available to the blockchain's P2P network after a sequence of transactions for a specific coin.

Competing pools of nodes employ high-performance computation to solve a challenging mathematical problem and validate the block's integrity. After successfully demonstrating the block's validity, the mining party cements the blockchain addition and earns the mining reward for allocating the pool.

The more problems solved, the greater the rewards, which is why crypto mining farms exist.

## How Can We Reshape Crypto Mining Farms with Renewable Energy?

[Renewable energy generation](https://sifted.eu/articles/renewable-energy-crypto-mining/) frequently produces surpluses that are wasted rather than utilised.

When solar panels or wind turbines generate more power than customers desire and the grids are overwhelmed, renewable energy is lost in large quantities. Today, wasting extra renewable energy is usually cheaper than storing it in standard Li-ion batteries. This is a typical attitude around the world, and it is neither cost-effective nor economically sustainable.

We must concentrate on energy production and consumption to slow the rise of carbon emissions and temperatures. The overall generation from renewable resources grows by 2.9% per year. As a result, renewable energy will account for 29% of global electricity output by 2040, up from 22% in 2012. While this forecast shows significant progress in higher renewable energy adoption, intermittency and excessive generation are expected to develop in lockstep. As a result, grids, investors, and consumers will face operational and financial issues.

As the modern energy map gets repainted with wind turbines and solar panels, we must look beyond existing financial structures to incentivise the shift. Cryptocurrency mining may be the solution.

Embracing innovative ideas, such as mining cryptocurrencies with excess renewable energy, offers enormous potential to close financial and technical gaps. It can transform waste into value while also lowering financial risks. In addition, the profits from this type of cryptocurrency mining could encourage a broader spectrum of additional investments in renewable assets.

Cryptocurrency mining can be considered an attempt to shift energy consumption into profit. Today, Bitcoin mining is primarily powered by electricity generated from non-renewable resources, which is less expensive than electricity generated from renewable sources.

The novel approach suggested here involves mining cryptocurrencies with sustainable energy and converting them into valuable coins to reduce emissions and costs.

Once renewable energy has been generated (by wind, solar, or other renewable ways), there are several possibilities for routing it, including:

1) Grid sale at the wholesale market price
2) If the grid is overloaded, the surplus is kept for later release when grid demand is strong and electricity prices are at their highest
3) Excess electricity could be used for cryptocurrency mining when demand for storage is low because batteries are completely charged or cost-ineffective vs. demand.

While the first two options are already in place and successfully monetise renewable energy assets, the suggested third option adds a new revenue stream to the mix.

The advantages of mining cryptocurrencies using excess green energy will turn waste into wealth and help cryptocurrencies become greener. In addition, using this strategy, there will be no carbon emissions for each block added to the chain.

## Conclusion

Renewable energy generation adoption continues to increase rapidly, but curtailment, transmission, consumption, and efficiency management remain chronic issues.

While this proposal does not detail the plan's interconnected components, it sheds light on the value that new technologies like blockchain can provide.

Perhaps the remedy to one technology's flaws might be found in another's strengths.


Crypto Mining Farms and Renewable Energy

If you have Googled 'crypto friendly banks UK', you'll know that they are few and far between.

The majority of UK banks have so far not responded to customer demands to be able to pay for cryptocurrencies from their accounts or receive funds from crypto exchanges into their accounts.

If you've tried to get a crypto-related payment reported in your account, you'll understand why you need a crypto-friendly bank.

That need has prompted a surge in largely fruitless searches for 'crypto friendly banks UK'.

Here, we'll try to help answer that query.

## Crypto Friendly Banks UK

Financial institutions that accept cryptocurrencies as payment are known as crypto-friendly banks. In other words, these institutions allow cryptocurrency trading and support digital currencies for fiat currency transactions.

In the United Kingdom, it is legal to own and trade cryptocurrencies. Even though there is no tangible asset to hold, they are now classified as property assets rather than currency.

Any crypto exchanges in the UK must register with the Financial Conduct Authority, which regulates the industry to prevent money laundering. According to the FCA, any trading platform must demonstrate its compliance with anti-money laundering rules.

Binance, a cryptocurrency trading platform, was barred from participating in any regulated trading in the UK in 2021 for failing to demonstrate that it respected those standards. This demonstrated that the FCA isn't hesitant to take action against cryptocurrency trading platforms.

## 5 Crypto Friendly Banks UK

Here are five banks operating in the UK which are considered crypto-friendly:

•	[Revolut](https://www.revolut.com/): Revolut is an app-based challenger bank that is crypto-friendly in the United Kingdom. Customers can not only trade stocks and shares through their accounts, but Revolut is also a firm believer in cryptocurrency. In the past, crypto exchanges (like Binance) have temporarily blocked GBP deposits and withdrawals. Alternative fiat currencies, such as US Dollars or Euros, can be used with Revolut.
•	[RalisBank](https://www.railsr.com/?lang=de): Railsbank was founded in 2016 by fintech veterans Nigel Verdon and Clive Mitchell. It has offered digital banking services since its inception, breaking new ground and pushing the envelope. RalisBank is setting the standard for making financial products and services digital and embeddable, allowing customers to have deeper and richer interactions with the brands they love.
•	TSB: TSB is known to accept credit and debit card purchases of cryptocurrency. Withdrawing or depositing to bitcoin exchanges has never been a problem. However, banks often flag large transfers, and you may need to split transfer amounts or contact TSB in such circumstances.
•	Royal Bank of Scotland (RBS): The UK Government-owned RBS has taken a favorable stance on Bitcoin transactions in recent years. In addition, the bank allows you to buy and trade cryptocurrencies. RBS will limit payments to Bitcoin exchanges that pose the most significant risk of financial loss.
•	Solaris Bank: Solaris is a well-organised bank that provides cryptocurrency transactions and custody of cryptocurrency. It established a regulated cryptocurrency custody service in early 2021, based on a brokerage and trading application programming interface.

## Which Banks Aren't Crypto-Friendly?

Lloyds: Since 2018, the Banking Group (which includes Lloyds Bank, Halifax, Bank of Scotland, and MBNA) has prohibited any credit card payments to cryptocurrency exchanges. Regarding debit card payments, it's more hit-or-miss. Sometimes the transaction goes through smoothly, and other times it's reported as fraud. If you plan to trade regularly, you should probably avoid it.

Starling: Although its international currency provider does not support cryptocurrency exchange payments, and there may be other reasons why payments are denied, there is no formal policy prohibiting them. Customers have already reported frozen accounts, so this is another one to avoid.

HSBC: It previously claimed to be crypto-friendly, but does not allow deposits, and payments made using debit and credit cards are sometimes denied. It's not completely unfriendly, but there's a higher risk of your payments failing or being identified as fraudulent, so another bank might be a better option.

## Conclusion

The number of people holding cryptocurrency constantly expands worldwide, including in the United Kingdom. The number of businesses accepting Bitcoin as payment is also increasing. Despite the severe dangers and restrictions associated with cryptocurrency transactions, several banks in the United Kingdom allow users to do so simply.

Hopefully, this article means you won't have to search Google for 'crypto friendly banks UK' this year!


Crypto-Friendly Banks UK 2022

A guide to cryptocurrency books to read: Well-written cryptocurrency books to help boost your understanding of the crypto space.

As the popularity of cryptocurrency increases, so does the need to understand it better grow. That is where well-written cryptocurrency books can help.

Of course, many crypto influencers are available to give you a clear view of what the space is about, but some people gain better insights when they read books. This article contains a list of five cryptocurrency books that may give you a better understanding of cryptocurrency and blockchain technologies.

If you are interested in the crypto market, what you need, is a strong guide to help put you through all you need to know about cryptocurrency. In addition, reading cryptocurrency books written by experienced crypto experts will give you an upper hand in the crypto space.

## How to identify helpful cryptocurrency books

There are many books about cryptocurrency; some are very useful, while others are a waste of time. The best way to select only the relevant cryptocurrency books is to do your own research before purchasing any book. Look out for reviews and feedback, and see what the content includes. A quick look at the table of content can sometimes easily identify if it contains what you need.

## Top 5 Cryptocurrency Books

There are a lot of wonderful reads to help guide you through the crypto space. Here's a list of a select few that can give you a better understanding of how cryptocurrency works.

[Mastering Bitcoin](https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042): This was written by Andreas M. Antonopoulos, a popular cryptocurrency influencer. The book was published in 2014 and has proven to be very helpful in the crypto space. As the name suggests, this book's focus is everything you need to know about Bitcoin, from how the Bitcoin transaction works to the workings of the blockchain.

Blockchain Basics: A Non-Technical Introduction in 25 Steps: The book was written by Daniel Drescher, a banking expert who has mastered the blockchain. Understanding how blockchain works has proven difficult for many people due to its technical aspects. Drescher, in his book, has created a simple approach to understanding how the blockchain works. The book also explains the impact of blockchain technology on the financial system.

The Basics of Bitcoins and Blockchains: If you are new to the crypto space, this is the most read for you. Antony Lewis took his time to explain what cryptocurrency and Bitcoin are truly about, and why they have value. I found this read really interesting and relevant in terms of understanding the blockchain basics. Lewis also traces the history of money in this book and how the banking system works. This book covers much ground on crypto, from explaining how a smart contract works to making wise risk investments, identifying crypto scams, and much more.

Cryptocurrency: A list of cryptocurrency books wouldn't be complete without this book. What makes it exciting is that it doesn't focus on a particular cryptocurrency. The book was released in 2017 by Abraham K. White. White explained all you need to know about cryptocurrency, including crypto mining, trading, and investment. Crypto beginners will find this read very helpful.

[Bitcoin Billionaires](lhttps://www.goodreads.com/book/show/41433284-bitcoin-billionaires): I saved this book for last because it is a bit different from the others. After learning what crypto is about and learning the basics of blockchain, you will need a little motivation to set you on the right track. The story of the Winklevoss Twins will serve as the perfect motivation for you. 

This book, written by Ben Mezrich, tells the story of the [Winkelvoss](/news/article/cameron-winklevoss) twins who tried to become venture capitalists, but failed. They later learned about cryptocurrency, and by November 2017, they became the first Bitcoin billionaires. The book is basically about the early days of crypto.

## Conclusion

There are many more engaging cryptocurrency books to read both online and offline. Endeavour to read these listed books as they will serve as a guide for you in the world of cryptocurrency.


Cryptocurrency Books to Read: A Guide

BitBoy Crypto delivers daily content on any crypto news, from the latest happenings in the crypto space to cryptocurrency trading advice.

[BitBoy Crypto](https://twitter.com/Bitboy_Crypto/) was founded by Ben Armstrong, one of the most popular crypto influencers in the history of cryptocurrency. Although others have influenced the crypto space significantly, BitBoy Crypto is a big name.

When cryptocurrency first emerged, it struggled to gain ground and stay relevant. It felt like it would never be accepted, but that changed over time. The crypto space has gained so much popularity globally that a day hardly goes by without seeing crypto news or article. Those behind the popularity of cryptocurrency are known as crypto influencers, and the founder of BitBoy Crypto is one of them.

## What is BitBoy Crypto?

BitBoy Crypto is a popular resource where daily crypto content includes news, crypto trading advice, and project reviews. The [BitBoy Crypto YouTube channel](https://www.youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g) was founded in 2018 by Ben Armstrong. Ben’s intent for starting BitBoy Crypto, according to him, was to expand the crypto community and create financial freedom for people.

BitBoy Crypto has become a go-to source for both old and new crypto investors, and is a known name in crypto.

##Top 5 Crypto Influencers

Ben Armstrong is among the most popular cryptocurrency influencers, but others are becoming established.

### Here's a list of five leading crypto influencers, in no particular order;

Ivan on Tech: Like Ben of BitBoy Crypto, Ivan is a YouTube cryptocurrency influencer who provides his audience with well-detailed videos on crypto analyses and other useful crypto tips.

Andreas M. Antonopoulos: Antonopoulos is a YouTube cryptocurrency influencer, but he also has a huge number of followers on Twitter. He engages his audience with insightful crypto content and also teaches how blockchain technology works. Understanding blockchain technology has often been seen as a difficult task, but Antonopoulos breaks it down quite well.

Lea Thompson: Thompson's content is always entertaining and relevant to her followers. She has thousands of followers both on Twitter and on YouTube and has had a good impact on the growth of the crypto market.

Crypto Jebb: Jebb provides his followers on YouTube and Twitter with all the information they need about [Bitcoin](/coins/btc). He refers to Bitcoin as the new gold.       

Michael Saylor: Saylor is a Twitter cryptocurrency influencer with millions of followers. He provides Bitcoin news every day. If you need to find out anything about bitcoin, you can probably get it from Saylor.

## What Does Crypto Influencer Mean?

Influencers are people that influence the lifestyle of their online audience through creating engaging social media content. From the above definition of who an influencer is, you have probably figured out what a crypto influencer means.

## What Does it Take to be a Crypto Influencer?

To become a cryptocurrency influencer, you must first know everything about crypto and its technology; I mean, you can't educate people on something you are not fully conversant with. So, you need to know how the crypto space works, and you also need to make it a point of duty to be aware of every useful crypto news. Secondly, you need to choose a social media platform where you can share your relevant content. There are plenty of platforms to pick from, including YouTube, TikTok, Instagram, and Twitter. Of course, the more engaging your posts are, the more followers you gain.

## Are Cryptocurrency Influencers Legit?

Remember that the crypto space is volatile, so, sometimes, the predictions from crypto influencers may be wrong or right. Before taking a prediction from an influencer, ensure you look into the person's track record. If the ratio of accurate predictions outweighs the wrong predictions, then they are good to go. Some imposters may pose as crypto influencers, so always DYOR.
Conclusion

New to crypto or not, following cryptocurrency influencers online is a good way to understand the crypto space. Helpful online crypto influencer sources like BitBoy Crypto have been known to be known to make the crypto space a lot easier for crypto investors.


BitBoy Crypto – Rise of the Crypto Influencers

Elon Musk  has found himself in the news again as The Boring Company, an infrastructure and tunnel construction services company owned by the serial entrepreneur announced that customers can pay for rides on its Las Vegas transit system “Loop” using Dogecoin (DOGE).

This announcement was made on Wednesday, July 6, per a report by Cable News Network (CNN). This news comes on the back of May’s announcement of SpaceX soon accepting Dogecoin as a payment option for merchandise, joining Tesla.

Loop allows passengers to travel in Tesla vehicles driven by humans at around 35 miles per hour (mph). Riders need to scan a QR code to buy a ticket. As of July 2022, Loop rides are free. 

With that said, the company plans on rolling out charges to passengers in the not-too-distant future. Despite the listing of DOGE as a payment method, customers who are not interested in the use of the meme-inspired currency are free to use other alternative methods of payment. 

In 2021, while [DOGE](/coins/doge) reached new price milestones, The Boring Company landed a great deal to construct more than 50 stations which is a part of a massive tunnel network underneath Las Vegas. 
 
This year has not been good for cryptocurrencies and the first meme-inspired digital currency has been one of the hardest-hit coins. 
As of 11:15 a.m. BST on Thursday, July 7, DOGE was down 90.76% from its all-time high (ATH) of $0.7376 recorded on May 8, 2021, per data from CoinMarketCap.

The coin was exchanging hands for $0.06879, had a trading volume of approximately $378.62 million, and this corresponded to a market capitalisation of around $9.12 billion. 

Despite the downturn of the market, this statistic is impressive since it maintains DOGE as a medium-cap digital asset (at least $2 billion and at most $10 billion in market value) which continues to make strides to reclaim its large cap status. 

Despite being [sued](https://www.monitalks.io/coins/doge) by an investor for billions of dollars lost in Dogecoin investments, Musk took to Twitter to say, “Support DOGE wherever possible.”





Elon Musk’s Vegas Loop starts accepting  DOGE payments

What is the relationship between cryptocurrency and the economy? How does the crypto market influence economic activity in the nations worldwide?

[Cryptocurrency](https://news.monitalks.io/coins) is a digital currency, not a fiat currency, but that doesn't change the fact that it influences fiat currencies. Crypto has a significant impact on the global economy, whether it is a negative or a positive one.

The article explains the relationship between cryptocurrency and the economy. 

## What is Cryptocurrency?

Understanding crypto will make it easier for you to know the relationship between cryptocurrency and the economy.

Cryptocurrency, at its most basic, is a digital currency that serves as a form of exchange. Various safe transactions can be made with cryptocurrency on decentralized systems. By decentralized system, I mean that transactions made with crypto are done directly with the crypto traders without needing a third party.

Cryptocurrency fully emerged in 2009 when Bitcoin launched. Bitcoin wasn't so popular back then, and even struggled to maintain its stance. Today, however, it is the most popular and largest cryptocurrency. Bitcoin's success paved the way for many other coins. By 2020, more than 2,000 cryptocurrencies had been created. The number is much, much higher than that now.

Huge investments have been made in these coins, and millions of dollars have been earned. However, sometimes huge losses have been incurred.

As long as fiat currencies are involved, there is a relationship between cryptocurrency and the economy.

## Advantages and Disadvantages of Cryptocurrency on the Economy

There is no doubt that there is a relationship between cryptocurrency and the economy. The question is, how does the cryptocurrency market influence the economy globally?

As I mentioned earlier, it could be a negative or positive impact. Listing the advantages and disadvantages of cryptocurrency on the economy will help us weigh the odds.

### Advantages

1.	The transaction made with cryptocurrency is peer-to-peer. This way, trusted transactions can occur easily at any time, and this can boost the economy in many ways. You don't need an intermediary to guarantee the safety of a transaction. For those without a bank account, especially those in underdeveloped countries, transactions can be made more easily.

2.	There are no restrictions regarding where transactions can be made between. For example, you can transact with someone from another country, or even continent, without restrictions. This means businesses, whether small or large-scale, can operate globally.

3.	Low transaction costs encourage more transactions without the fear of high fees.

4.	Cryptocurrency has provided job opportunities and also become a source of income for the unemployed. Millionaires have been made overnight in the crypto space.

5.	[Blockchain technology](https://www.investopedia.com/terms/b/blockchain.asp) has moved into the mainstream. The use of blockchain generally will help reduce the level of trust and increase transparency in transactions.

### Disadvantages

1.	The cryptocurrency market is highly volatile. This simply means that it is highly unpredictable. The wrong investment can make you lose all your assets in one day.

2.	The cryptocurrency market is unregulated, meaning there are no rules guarding the space or protecting the buyer. You can easily purchase a scam coin without knowing.

3.	Transactions made with cryptocurrency cannot be tracked. This means that funds cannot be tracked if they are sent to the wrong address.

The advantages seem to outweigh the disadvantages, but still, there is room for more improvement in the crypto space. The drawbacks may be fewer, but that doesn't stop it from causing severe problems.

## How Can the Relationship Between Cryptocurrency and the Economy be Improved?

The crypto market is still new to the global markets. With time, relevant laws will be created to ensure the crypto space is safer. Cryptocurrency keeps becoming more popular daily, hence a steady increase in the number of investors globally. While waiting for the crypto space to improve, it is vital to maintain wise investment decisions to control the level of risk in the space.

## Conclusion

Cryptocurrency has a massive impact on the economy, most of which is positive. With time it can be a completely acceptable way of doing business transactions, and the relationship between cryptocurrency and the economy can further be improved.


Cryptocurrency and the Economy: Crypto's Influence on Finance

Environmental cryptocurrency consciousness is developing as more and more people think about the impact of crypto on our ecology.
It has been widely reported that [Bitcoin](/coins/btc), altcoins like [DOGE](/coins/doge), and other cryptocurrencies are having a detrimental impact on the environment.

How much do you know about environmental cryptocurrency concerns? Are you aware that the high levels of energy consumption in the crypto space could pose a threat to our planet?

We have to start thinking about environmental cryptocurrency, for the protection of our ecology and the wider adoption of crypto.

Cryptocurrencies generated through mining have a substantial negative impact on the environment. They use high-powered computers and a massive amount of electricity to mine their coins. What is the effect of this high level of energy consumption on the environment?

Cryptocurrency has become extremely popular. There are thousands of coins, with new ones emerging all the time.
While this may be good for the crypto space and investors, there is a downside - especially if those cryptocurrencies require mining.

Bitcoin, the most popular cryptocurrency, is viewed as an unsustainable network. Bitcoin requires a high level of energy consumption for mining, and the more Bitcoin that gets mined, the more harm it causes to the environment.

In the past, there wasn't much time given to environmental cryptocurrency thinking.
However, awareness of the negative impact of unsustainable cryptocurrencies on the environment is growing, along with demands for solutions.

Let us go through the impact of cryptocurrency mining on the environment

## How are Cryptocurrencies Made?

Many cryptocurrencies are created through 'mining'. Miners use computer programmes and power to create solutions to tough problems. The answers they create validate cryptocurrency transactions, and this validation goes into a decentralized record-keeping system. Powerful computers used for mining are called mining rigs, which use a surprisingly high amount of electricity.

For example, researchers from Cambridge University estimated that Bitcoin annually uses electricity more than the whole of Argentina.

[Digiconomist](https://digiconomist.net/), a cryptocurrency analytics site, published that the carbon footprint of one Bitcoin transaction is likely to be more than two million Visa transactions. And just that transaction uses as much power as an average American household uses in two months.

This danger that digital currencies pose to the environment starts to make sense now.

The use of cryptocurrencies to make transactions have increased speedily. Is there any hope for our environment?

## Can this Impact be Controlled?

Many cryptocurrencies are created through Proof of Work, which leads to large energy consumption. However, other methods that require less energy are being developed:

- Proof of Stake (PoS): a cryptocurrency consensus mechanism for processing transactions and creating new blocks in a blockchain. This mechanism is an alternative to cryptocurrency mining that does not involve extensive computing power. Paying closer attention to this method will help to conserve more energy consumed while mining cryptocurrency. Ethereum plans to move from PoW to a PoS algorithm. It will reduce the network's energy demand by about 99%.

- Some Bitcoin developers are working towards the Lighting Network that will decrease the energy consumption by most transactions.

- Cryptocurrency education is also necessary; people must become fully aware of environmental cryptocurrency challenges. Bitcoin uses the most energy when it comes to mining. Yet, when people get introduced to cryptocurrency, many start with Bitcoin and use it the most.

## Conclusion 

People can be educated about other options they have in cryptocurrency. They can learn to use more environmentally friendly cryptocurrencies that don't use PoW.

Environmental cryptocurrency consciousness is a good thing. This is a serious issue. It needs to be tackled now, before it worsens.


Environmental Cryptocurrency Concerns

Alto, an investing firm in the United States found out that 39% of Millennials in America hold digital assets. Individual stocks are owned by nearly the same percentage, as estimated in the American crypto survey.  

While some had a small portion of their wealth in mutual funds, the majority had some of their hard-earned money in crypto. Seventy percent of investors with a long-term outlook included cryptocurrencies in their Individual Retirement Accounts (IRAs). 

Additionally, the American crypto survey found that citizens within the aforementioned age group who do not own any forms of digital currencies are considering entering the space in the not-too-distant future despite reservations by [Warren Buffet and Bill Gates](https://news.sky.com/story/elon-musk-sued-for-258bn-over-claims-he-ran-a-pyramid-scheme-to-promote-dogecoin-12635334) on the use of Bitcoin.

With that said, the current crypto climate where all cryptocurrencies are trading below 50% of all-time highs  has made it difficult for millennials to throw money behind any digital asset. Commenting on the insights from the study, founder and the Chief Executive Officer (CEO) of Alto, Eric Saltz said that in a modern world of conspicuous consumption, soaring living costs, and student loan debt reaching new highs, millennials are struggling to afford the present which makes it difficult to them to invest for the future.

Out of the assets available for investments, millennials are more interested in putting their monies into real estate. Statistically, 77% answered they would invest in properties, 55% are interested in testing Angel investing, and 67% were interested in jumping into innovation funds. 

Another study conducted by deVere Group, an international financial consultancy firm revealed that 51% of Generation Z (born between 1997 and 2012) and 36% of millennials would prefer receiving half of their salaries in cryptocurrencies instead of fiat money (USD). 

According to the Chief Executive Officer (CEO) of deVere Group, Nigel Green, many youngsters grew up within the technological revolution, and are accustomed to digital things. This has made it easy for them to embrace the latest innovation in the financial sector since they see massive potential in the use of cryptocurrencies. 

Moreover, per a survey by the Consumer News and Business Channel (CNBC) in June, 47% of millennial millionaires have at least 25% of their wealth in the decentralized finance market. 

For the latest crypto business news, visit [Moni Talks](https://monitalks.io/news/category/crypto-business-news).


American millennials invest more in crypto than mutual funds

Cardano has announced the opening of a 4-week window for developers of decentralized applications (dApps) and software engineers at cryptocurrency exchanges to test the protocol’s upcoming upgrade before it is launched onto the main network. 

Input Output Hong Kong (IOHK), the developers behind this upgrade ,have pointed out that this is the most significant upgrade undertaken on the Ouroboros protocol to date. 

## What the Vasil hardfork entails

The latest update will bring capability upgrades and significant performance to the chain. Aside from that, it will improve script performance for developers, and lower costs by providing higher throughput. The [Vasil hardfork](https://cointelegraph.com/news/cardano-s-vasil-hard-fork-proposal-submitted-countdown-commences) is trending because of the lesser impact the Alonzo update had on stakeholders of the project which was evident in the 11 decentralized applications on the blockchain, according to DeFiLlama. 

As one of the few chains that have found an answer to the blockchain trilemma (decentralization, security, and scalability), the update will come with the implementation of diffusion pipelining. This would improve the scalability of the blockchain for the creation of dApps. Last year, Cardano founder Charles Hoskinson pointed out that the protocol will  host thousands of applications by the end of 2021. Unfortunately, this has not been the case as projects such as Avalanche (AVAX) and Solana (SOL) have attracted substantial market share due to Hoskinson’s project not reaching full functionality, as per the roadmap given to its followers. 

Through this update, block creation will be relatively faster since they would not need full validation before transmission. This will pave the way for developers to finally build their dApps on one of the most vibrant ecosystems in the space. 
Based on analytics from Santiment (a data tracking tool), the protocol leads the entire space concerning development activity in June. 

Projects such as Kusama and Polkadot trail the Cardano, which has also been dubbed as the potential Ethereum Killer. Despite naysayers such as [Bill Gates](https://www.monitalks.io/news/article/bill-gates-crypto) and Warren Buffet’s opposition to Bitcoin, many analysts believe the Cardano crash will not last long. Digital Coin Price forecasts ADA to reach an average price of $0.58, a minimum price of $0.54, and a maximum price of $0.62 by the end of 2022. 


 Cardano Vasil hardfork countdown begins

The Singapore crypto scene is one of the main attractions in the unregulated digital currency landscape due to the country’s friendliness towards the new financial revolution. 

Unfortunately, the country’s regulator’s tightening on digital finance in[ June](https://cointelegraph.com/news/brutal-and-unrelentingly-hard-singapore-regulator-s-clampdown-on-crypto) contradicts Tharman Shanmugaratnam, a senior minister in the Cabinet who saw a lot of positives in digital assets in the sovereign island country and this has sent shockwaves across the markets. 
On Thursday, June 23, the central bank and financial regulator of one of Asia’s booming economies pledged to be unrelentingly hard and brutal on any transgression from major stakeholders in the digital currency industry. 

These comments were made by Sopnendu Mohanty, the Chief Fintech Officer of the Monetary Authority of Singapore (MAS) who explained in an interview with the Financial Times (FT) which was highly monitored by [MoniTalks. ](/news)

The Fintech Officer also criticized market participants who believe the country is losing its status as a friendly state for alternative finance. 
He responded that his country should not be friendly with decentralized finance because it can only deal with actors in a real economy and not some “unreal economy”.

To many firms in the space, this is a complete turnaround from what cabinet minister Shanmugaratnam said in October 2021. 
At the peak of the markets during the first month of the last quarter of 2021, he pointed out that digital tokens may have a role in future finance that goes beyond illicit finance and pure speculation. 

He added that the country was laying the foundation for becoming a crypto-technology hub which will make it easy for tokenization, trading, and custody services to be provided by companies. 

With that said, Chief Fintech Officer, Sopnendu Mohanty believes the current financial crisis can be attributed to the world being lost in private currency. 

As a result, the Asian state has enacted a painfully slow due diligence process that grants licenses to businesses associated with the digital currency market. 

Singapore crypto became a mainstay in the space because firms enjoyed low taxes. 

Unfortunately, the view in which the minister sees a place for crypto in the Asia hub has been replaced by regulations that aim to pave the way for the introduction of central bank digital currency (CBDC) which could be launched in the next three years. 


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