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India tries to block coal phaseout from COP26 deal
European Union climate chief Frans Timmermans responded shortly after by warning that negotiators were “at risk of stumbling in this marathon a couple of meters before reaching the finish line.” “For heaven’s sake, don’t kill this moment,” Timmermans said. “Please embrace this text so that we bring hope to the hearts of our children and grandchildren.” Earlier Saturday, another official referenced young people. Alok Sharma, the British official chairing the talks in Glasgow, said negotiators have arrived at a “moment of truth” for their children, grandchildren and the planet. Sharma said talks late Friday and during the day Saturday had made progress. He said that “collectively our climate ambition and action to date have fallen short on the promises made in Paris” six years ago but the la...
Limit order protocols offer more flexibility and efficiency to DEX traders
As decentralized exchanges (DEXs) evolve, their functionalities become more and more advanced, often matching those of centralized exchanges (CEXs). One such functionality is the ability to place limit orders, which offers more flexibility and efficiency to DEX traders. This article looks at the existing limit order features and their prospective implementations. Unlike a market order, which is executed immediately at the last market price with potential slippage, a limit order is executed at a predefined price as soon as it is reached. Market orders are used by default in all automated market maker-based DEXs. They are simple and straightforward for beginners. A market order is guaranteed to be executed or fail due to parameters, such as the maximum price impact. In turn, limit orde...
Bitcoin halts losses amid criticism ETF rejections have cost investors ‘12,700% gains’
Bitcoin (BTC) tapered losses on Nov. 13 as the market showed little interest in U.S. regulators refusing to allow a spot exchange-traded fund (ETF). BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView ETF rejection causes few market headaches Data from Cointelegraph Markets Pro and TradingView showed calm conditions for BTC/USD into the weekend, the pair acting within a $1,000 corridor. News that the Securities and Exchange Commission (SEC) had declined to approve VanEck’s spot ETF product saw a dip towards $60,000 support but failed to spark significant volatility. The first of multiple decisions regarding spot ETFs, the VanEck episode came as little surprise to many, but the firm expressing “disappointment” in the result. “We are disappointed in today...
Bitcoin Taproot upgrade improves the network as BTC price impact may be limited
Bitcoin is set to undergo a major network upgrade, Taproot, in nearly two days, i.e., on Nov. 14 or 255 blocks later, as per data from Taproot.watch. This is the first significant upgrade since the Segregated Witness (SegWit), which eventually culminated in the development and launch of the Lightning Network in 2018. The original Taproot proposal was made by Bitcoin core contributor and former Blockstream chief training officer Gregory Maxwell on Jan 23, 2018. While the previous SegWit upgrade was aimed to resolve transaction malleability and improve the scalability of the Bitcoin network, the Taproot upgrade is targeted to improve transaction efficiency, the privacy of the network, and its ability to support smart contract initiatives. The upgrade was set into motion only after attaining ...
Digital rights management in the open seas of blockchain systems
To understand the complexity of digital rights management, or DRM, one must first understand the DRM challenges of current systems and then the challenges (and opportunities) presented by blockchain technology that prides itself on transparency, data linkage and immutability as some of the main characteristics that lends itself to the trust systems. With Web 2.0, content creation and dissemination are via a platform that acts as an intermediary and, like any intermediary, has developed business models that monetize the avenues of content distribution, resulting data and metadata. Digital content (movies, images, music, etc.) can be replicated easily, and the platforms create economic moats and control mechanisms to access content with the complicated n-tier design of passwords, authe...
Africa’s ‘Great Green Wall’ shifts focus to hold off desert
The citrus crop provides a haven from the heat and sand that surround it. Outside the low village walls, winds whip sand into the air, inviting desertification, a process that wrings the life out of fertile soil and changes it into desert, often because of drought or deforestation. Only 4% of the Great Green Wall’s original goal has been met, and an estimated $43 billion would be needed to achieve the rest. With prospects for completing the barrier on time dim, organizers have shifted their focus from planting a wall of trees to trying a mosaic of smaller, more durable projects to stop desertification, including community-based efforts designed to improve lives and help the most vulnerable agriculture. “The project that doesn’t involve the community is doomed to failure,” says Diegane Ndia...
Tesla’s Stock Takes a 15% Tumble Following Elon Musk’s Tax Sell-Off
Elon’s big Tesla stock sell-off has just led to one of the biggest drops for the company in almost two years. Musk, who reportedly needed the liquidity for taxes, sold roughly 10% of his stake for $5.7 billion USD — causing Tesla to take a 15.4% tumble. In the stock’s five-day performance, it has fallen 10%, but despite this sell-off, the stock is still up 42% YTD. In his most recent tweet, Musk uploaded a picture of Doctor Manhattan sitting on Mars. This could, not only be referencing Doctor Manhattan’s love for the Red Planet, but also a bit about how he’s currently feeling regarding his sentiments towards Earth, the people, and being caught in the tangle of their lives. pic.twitter.com/KpPfSNuaaF — Elon Musk (@elonmusk) November 13, 2021 In other tech news, Universal Music Group creates...
Price analysis 11/12: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA
Bitcoin (BTC) price continues to weaken following the shakeout of the leveraged traders in the derivatives markets on Nov. 10. This caused the derivative funding rates to drop to the neutral territory of 0.01% across exchanges. Data analysis firm Arcane Research said in its latest weekly newsletter that the derivatives markets had matured compared to the run to the previous all-time high in April. The firm highlighted that the futures’ basis, the difference between Bitcoin’s spot price and futures price, which was at elevated levels in April have dropped much lower, “indicating a healthier market.” Daily cryptocurrency market performance. Source: Coin360 According to Bloomberg senior ETF analyst Eric Balchunas, the ProShares Bitcoin futures exchange-traded fund (ETF) has soared in populari...
Pew Research Center: At least 16% of Americans have owned crypto
A survey released by the Pew Research Center on Thursday found that roughly 16% of Americans have invested, traded or used some form of cryptocurrency. The number jumps to 31% for people aged 18–29, and even higher to 43% for males in the same age bracket. Black, Hispanic and Asian participants in the study were also each more likely to have invested in crypto than those who identified themselves as white. There seems to have been no disparity by income. Pew Research Analyst Andrew Perrin said: “We do see now that a large share of the American public has heard at least a little about cryptocurrencies. It was striking to see how there are demographic differences in awareness and use of cryptocurrencies.” The survey’s sample consisted of 10,371 adults selected from the center’s America...
Axie Infinity guild CGU helps players enter the fantasy play-to-earn NFT game with ‘scholarships’
Axie Infinity, a monster-battling NFT game, has been gaining a lot of traction with over $600 million Axies bought and sold in the past month. Each Axie is a nonfungible token, or NFT, minted on the Ethereum (ETH) blockchain. Similar in theme to Nintendo’s Pokemon series, Axies come in different rarity types, with varying strengths and attributes, with the strongest fetching very high prices on the game’s marketplace. Players earn Smooth Love Potions (SLPs) by completing daily quests, defeating monsters and battling other players in arenas with their Axies. SLPs can then be sold in exchange for various cryptocurrencies. Due to the high initial cost of buying/borrowing/breeding Axies, in-game guilds have formed as of late to fund players’ upfront expenses, or offer sc...
Chinese provincial official expelled for violating crypto mining ban
The Central Committee of the Chinese Communist Party (CCP) expels a top provincial official after investigations suggest unlawful emgagement with crypto mining activities among other abuse of power. The Central Commission for Discipline Inspection (CCDI) alleged that Xiao Yi, former vice-chairman of the Chinese People’s Political Consultative Conference from Jiangxi province abused his state-backed administrative powers to undermine the political principle of “two maintenance,” which relates to CCP’s notion of firmly maintaining the authority of the party: “[Xiao Yi] violated the new development concept, abused power to introduce and support enterprises to engage in virtual currency “mining” activities that do not meet the requirements of the national industrial policy.” ...
Elon Musk Sells $5 Billion USD in Tesla Shares and Twitter Gets a Crypto Team In This Week’s Business and Crypto Roundup
Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before. HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in the know about trends across industries. Business 1. Elon Musk has sold about $5 billion USD of Tesla stock so far Musk had asked his Twitter followers via poll whether he should let go of some of his personal holdings. Musk still holds over 166 million shares. Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this? — Elon Musk (@elonmusk) November 6, 2021 2. Steam Deck won’t be ...
