virtual currencies

Breaking: BitMex becomes the first carbon neutral crypto exchange

BitMex has come through following its commitment to go carbon neutral, becoming the first crypto exchange to enable carbon-neutral blockchain transactions. The platform has announced that they have spent $100,000 on the purchase of 7,110 tonnes of CO2 credits to cover the environmental footprint of BitMex’s Bitcoin transactions, along with the servers powering the platform for the next year. BitMex has further revealed its plans for the amalgamation of cryptocurrency technologies and environment conservation methods as the exchange understands that merely purchasing CO2 Credits will not be enough in the

Facebook Metaverse NFTs Are Coming | This Week in Crypto – Nov 1, 2021

 Facebook’s Metaverse will support NFTs, Mastercard reveals new crypto offerings, and guess which actor is now the new face of cryptocurrency? These stories and more this week in crypto. Facebook unveiled an ambitious framework for creating a virtual world known as the Metaverse. The new company name, Meta, reflects the company’s aim to integrate real and digital worlds ever more seamlessly, using technologies such as virtual reality and augmented reality. Part of that vision also includes a role for non-fungible tokens and its forthcoming cryptocurrency, Diem. Financial giant Mastercard

China: Is the PBoC’s new ‘reminder’ on Bitcoin’s status really new

“We remind the people once again that virtual currencies such as Bitcoin are not legal tenders and have no actual value support.” The People’s Bank of China [PBoC] has once again raised an alarm about the use of cryptocurrencies in light of its recent crackdown. According to local reports, the central bank took a shot at Bitcoin, commenting that such virtual currencies cannot compete with existing legal tender. Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the PBoC, argued that cryptos are not backed by any

Motorcycle Maker Soriano Motori Partners with Coinbase to Accept Crypto Payments

Italian motorcycle company Soriano Motori will accept crypto payments for its bikes, becoming the first motorbike firm to do so. From flight tickets to real estate deals, cryptos are becoming more readily acceptable as payment means with companies looking to expand their revenue streams. Italian Bike Maker to Accept Bitcoin and Other Crypto “Coins” Soriano announced the acceptance of cryptocurrencies as a payment means for its motorbikes in a press release issued on Dec. 14. According to the press statement, customers can utilize Bitcoin (BTC) as well as crypto coins like Ether