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Cryptocurrency mining company Argo Blockchain announced Tuesday that it has reached an important milestone in its climate strategy, sending a strong signal that environmental sustainability remains one of its primary focuses.  The company claims its crypto operations have become “climate positive” for Scope 1, 2 and 3 greenhouse gas emissions. According to Carbon Trust, a global advocacy group for environmental sustainability, Scope 1 emissions are direct emissions from a company’s owned or controlled sources; Scope 2 covers indirect emissions through the purchase of electricity; Scope 3 includes all other indirect forms of emission that occur in a company’s value chain. Argo intends to become carbon neutral and plans to go even further “by mitigating emissions through support of proj...

Decentralized exchange aggregator 1inch has announced its deployment on the Optimistic Ethereum, or OE, mainnet, highlighting a considerable reduction in user transaction fees and confirmation delays. Sergej Kunz, co-founder of the 1inch Network stated “the 1inch launch on Optimistic will facilitate a dramatic increase in transaction speed.” While deposits utilizing the OE network are set to be credited almost instantly, withdrawals will require a waiting period of 7 days. These wait times are expected to improve in future when fast withdrawal service is enabled. At the time of launch, the OE network will only be able to handle 0.6 transactions per second. However, the team expects to progressively increase transaction speeds after testing and optimizing the infrastructure. The updat...

The cryptocurrency market has successfully rebounded from the two-month slump it had gone into from late May to the end of July. Bitcoin (BTC) and Ethereum (ETH) have been leading the charge, posting impressive gains over the last two weeks. The market is seeing price levels that it had reached back in May of this year. Along with the price gains, the cryptocurrency derivatives market that includes financial instruments like futures, options and even micro futures are also seeing rejuvenated interest from investors. According to data from Bybt, The open interest (OI) in Bitcoin options across all the global exchanges offering the product has more than doubled from the yearly low of $3.63 billion on June 26, hitting a 90 day high of $7.86 billion on Aug. 14. Cointelegraph discussed this spi...

Decentralized finance protocol Poly Network has offered the person behind a $610 million hack an advisory position and $500,000 — whether they like it or not.  In a Tuesday update, the Poly Network team said in a seeming attempt to gain access to hacker’s expertise, it would be inviting them to the position of chief security advisor. In addition, the project will be sending a $500,000 bounty for the attacker, whom Poly dubbed ‘Mr. White Hat,’ despite the fact they have previously refused any payment. “Poly Network has no intention of holding Mr. White Hat legally responsible, as we are confident that Mr. White Hat will promptly return full control of the assets to Poly Network and its users,” said the team. “As we have stated in previous announcements and encrypted messages that have ...

RVRS transactions fund projects such as kelp reforestation and fertiliser innovations Decentralised green Bitcoin mining protocol AGA announced yesterday that it had recently launched a new token offering called REVERSE (RVRS) with the aim of fighting climate change. The new tokens are intended to create a self-sustaining ecosystem as AGA released all tokens and did not keep any for itself. Head of Product and Sustainability at AGA, Stefan Renton, explained, “Buy, use or sell our token and you’re creating a positive impact in the fight against climate change. We use the blockchain to verify and prove that. Track your own, verifiable data… So, not only is this a chance for those who just want to do their part to get rewarded, but it also provides a little incentive for those with cost...

The United States government is offering rewards in cryptocurrency for information relating to the operations of enemy state-backed hackers or suspected terrorists. The U.S. State Department’s new “Rewards for Justice” platform allows informants to submit anonymous tips and information in return for rewards in digital assets. The platform was promoted at the Black Hat USA event — which ran from July 31 to August 5 in Las Vegas — with users able to submit tips via an unsecured Wi-Fi network called #Rewardsnotransoms. The open network was purposely set up to encourage attendees to log in and access the RFJ website, according to CNN. Rewards of up to $10 million are being offered in exchange for info on various terrorist suspects, extremists, and state-sponsored hackers. Informants elec...

A survey provided to USA Today by Harris Poll has found that Black, Hispanic, and LGBTQ Americans are significantly more likely to own crypto assets. According to surveys of 2,010 and 2,003 U.S adults conducted during June and July, 23% of Black Americans and 17% of Hispanic Americans indicated they are currently invested in digital assets, compared to only 11% of white Americans, and 13% of the general public. 25% of LGBTQ respondents also said they hold crypto. Cryptocurrency awareness is also higher among minority groups, with half of Black Americans, Hispanic Americans, and Asian Americans expressing familiarity with cryptocurrency, while only 37% of White Americans answered the same. The poll also found that 43% of Black Americans believe they have not been treated fairly by the banki...