ZyCrypto 04/08/2021

ZyCrypto

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<title>ZyCrypto</title>
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<description>Cryptocurrency General Guide And Bitcoin/Altcoins Daily News</description>
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<title>Bitcoin to Disrupt China’s Climate Goals, Says Study</title>
<link>https://zycrypto.com/bitcoin-to-disrupt-chinas-climate-goals-says-study/
<guid ispermalink=”false”>https://zycrypto.com/?p=50493</guid>
<description><!– image –><div class=”td-post-featured-image”><a href=”https://zycrypto.com/wp-content/uploads/2021/04/Bitcoin-to-Disrupt-Chinas-Climate-Goals-Says-Study.jpg” data-caption><img width=”1200″ height=”700″ class=”entry-thumb td-modal-image” src=”https://zycrypto.com/wp-content/uploads/2021/04/Bitcoin-to-Disrupt-Chinas-Climate-Goals-Says-Study.jpg” srcset=”https://zycrypto.com/wp-content/uploads/2021/04/Bitcoin-to-Disrupt-Chinas-Climate-Goals-Says-Study.jpg 1200w, https://zycrypto.com/wp-content/uploads/2021/04/Bitcoin-to-Disrupt-Chinas-Climate-Goals-Says-Study-300×175.jpg 300w, https://zycrypto.com/wp-content/uploads/2021/04/Bitcoin-to-Disrupt-Chinas-Climate-Goals-Says-Study-1024×597.jpg 1024w, https://zycrypto.com/wp-content/uploads/2021/04/Bitcoin-to-Disrupt-Chinas-Climate-Goals-Says-Study-768×448.jpg 768w” sizes=”(max-width: 1200px) 100vw, 1200px” alt=”Bitcoin to Disrupt China’s Climate Goals, Says Study” title=”Bitcoin to Disrupt China’s Climate Goals, Says Study”></a></div>
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<p>One of the biggest topics on the global stage these days is climate change and sustainability. Scientists have claimed that irreversible damage will be done to the earth if current behaviors are not addressed within the next decade. In response to this, several countries have set climate goals such as becoming carbon neutral by a certain time.</p>

<p>For China, however, it seems these goals might be in jeopardy because of bitcoin. According to a recent study, the rate of <a href=”https://zycrypto.com/bitcoin-mining-the-cold-hard-truth/”>bitcoin mining</a> in China is very carbon-intensive, so much so that it could be counter-productive to current sustainability goals.</p>

<h2 id=”h-the-bitcoin-barrier-to-sustainability”><strong>The Bitcoin Barrier to Sustainability</strong></h2>

<p>The current goal for China is to have its carbon emissions reach their peak by the year 2030. After that, China plans to achieve carbon neutrality by the year 2060. However, China is also at the top of the list when it comes to crypto mining, with 75% of all the crypto mining in the world taking place in China. This is despite the fact that cryptocurrency trading is illegal in China.&nbsp;</p>

<p>This constitutes a huge contribution to the country’s carbon footprint, on par with one of the ten largest cities in the country. With the current boom in cryptocurrency thanks to bitcoin’s bull run and overall institutional support, more mining can be expected over the years.&nbsp;</p>

<p>This means that as China is working to reduce its carbon emissions, the crypto industry will increase it. Thus, China’s goal of its carbon emissions peaking in 2030 and carbon neutrality in 2060 might be in jeopardy.</p><div class=”td-a-rec td-a-rec-id-content_inline tdi_2 td_block_template_5″>
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<p>A recent study that was conducted by researchers at&nbsp;the University of the Chinese Academy of Sciences, Tsinghua University, Cornell University, and the University of Surrey supports this theory.&nbsp;</p>

<blockquote class=”wp-block-quote td_quote_box td_box_center” readability=”9″><p><strong><em>“Without appropriate interventions and feasible policies, the intensive bitcoin blockchain operation in China can quickly grow as a threat that could potentially undermine the emission reduction effort taken place in the country,”.</em></strong></p></blockquote>

<p>Mining is especially popular in places with cheaper electricity costs, such as rural villages. In 2016, bitcoin-related emissions in China had already surpassed the total emissions of countries like the Czech Republic and Qatar.</p>

<p>By 2024, this figure could rise to eclipse the emissions for the whole of&nbsp;Italy and Saudi Arabia. It is clear that action needs to be taken to confront what the growth of crypto will mean for the future of the planet.</p>
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<summary><b>DISCLAIMER</b> <u>Read More</u></summary>
<p>The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto.&nbsp;This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.</p>
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<pubdate>Thu, 08 Apr 2021 16:23:43 +0000</pubdate>
<dc:creator>Tokoni Uti</dc:creator>
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<dc:identifier>https://zycrypto.com/bitcoin-to-disrupt-chinas-climate-goals-says-study/</dc:identifier>
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<title>Amazon Web Services List Orbs Blockchain Project on its Marketplace</title>
<link>https://zycrypto.com/amazon-web-services-list-orbs-blockchain-project-on-its-marketplace/
<guid ispermalink=”false”>https://zycrypto.com/?p=50490</guid>
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<p>The Orbs blockchain protocol is now available on the Amazon Web Services for developers to access and build on it. <a href=”https://www.orbs.com/” rel=”nofollow”>Orbs network</a> has now joined 58 other blockchain projects that have been listed on the Amazon-backed AWS marketplace.</p>

<p>The orbs blockchain protocol is a public blockchain infrastructure that was designed with businesses in mind to enable them to tap on the decentralized financial ecosystem in a secure and seamless platform.</p>

<p>One of the notable key features of the Orbs network is the ability for the developers to run an application in an isolated virtual chain. <em>“Once your application is implemented as a set of smart contracts ready for deployment, subscribe to a virtual chain by making an Ethereum transaction to the Orbs subscription contract on Ethereum,”</em> Orbs project explained on its website.</p>

<p>Orbs network enjoys the benefits that come with being listed on a leading cloud-based marketplace from a leading technology company. Developers interested in using the Orbs network to build decentralized platforms can access the Orbs’ AWS Machine Image (AMI). Notably, the Orbs AMI represents an image with the necessary tools to allow users to develop on the network with much ease.</p>

<p>As a building block, Orbs is focused on the decentralized financial ecosystem that has significantly grown in the past few months. However, the rate of Defi adoption has not scaled down to the daily users. Developers are working on building user-friendly applications that even novice cryptocurrency traders can use.</p><div class=”td-a-rec td-a-rec-id-content_inline tdi_2 td_block_template_5″>
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<p>Orbs blockchain protocol provides developers with the necessary tools to enable them to build business-oriented applications in line with the Defi market.</p>

<p>Notably, Orbs network has provided developers with more repositories on various platforms to equip them adequately. <em>“Orbs’ Github page has over 180 open source repositories, further incentivizing developers to collaborate and experiment with this technology,”</em> the company noted in the press release.&nbsp;</p>

<p>Orbs network has partnered with other leading cryptocurrency-oriented firms including a partnership with Binance that brought forth the DeFi.Org accelerator. Besides, Orbs has also worked with leading cryptocurrency exchanges to launch its native token ORBS. Among the cryptocurrency exchanges that have listed ORBS include Indodax, Gate.io, Latoken, and KuCoin.</p>

<p>The <a href=”https://www.orbs.com/” rel=”nofollow”>ORBS</a> token assists in the protocol governance of the Orbs network. The asset was trading around $0.20 having jumped approximately 20% in the past 24 hours. Moreover, the asset is up over 500% in the past month according to metrics provided by CoinGecko.</p>
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<pubdate>Thu, 08 Apr 2021 15:37:32 +0000</pubdate>
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<title>Renowned Forex Analyst and Influencer Shadi Abdou Joins Wisebitcoin’s Advisory Board</title>
<link>https://zycrypto.com/renowned-forex-analyst-and-influencer-shadi-abdou-joins-wisebitcoins-advisory-board/
<guid ispermalink=”false”>https://zycrypto.com/?p=50486</guid>
<description><!– image –><div class=”td-post-featured-image”><a href=”https://zycrypto.com/wp-content/uploads/2021/04/Renowned-Forex-Analyst-and-Influencer-Shadi-Abdou-Joins-Wisebitcoins-Advisory-Board.png” data-caption><img width=”1280″ height=”720″ class=”entry-thumb td-modal-image” src=”https://zycrypto.com/wp-content/uploads/2021/04/Renowned-Forex-Analyst-and-Influencer-Shadi-Abdou-Joins-Wisebitcoins-Advisory-Board.png” srcset=”https://zycrypto.com/wp-content/uploads/2021/04/Renowned-Forex-Analyst-and-Influencer-Shadi-Abdou-Joins-Wisebitcoins-Advisory-Board.png 1280w, https://zycrypto.com/wp-content/uploads/2021/04/Renowned-Forex-Analyst-and-Influencer-Shadi-Abdou-Joins-Wisebitcoins-Advisory-Board-300×169.png 300w, https://zycrypto.com/wp-content/uploads/2021/04/Renowned-Forex-Analyst-and-Influencer-Shadi-Abdou-Joins-Wisebitcoins-Advisory-Board-1024×576.png 1024w, https://zycrypto.com/wp-content/uploads/2021/04/Renowned-Forex-Analyst-and-Influencer-Shadi-Abdou-Joins-Wisebitcoins-Advisory-Board-768×432.png 768w” sizes=”(max-width: 1280px) 100vw, 1280px” alt=”Renowned Forex Analyst and Influencer Shadi Abdou Joins Wisebitcoin’s Advisory Board” title=”Renowned Forex Analyst and Influencer Shadi Abdou Joins Wisebitcoin’s Advisory Board”></a></div>
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<p><em>Celebrated forex teacher, trainer, and analyst Shadi Abdou joins Wisebitcoin’s growing team to help make inroads into new markets and expand outreach to new demographics, including novice and professional traders.</em></p>

<p><a href=”http://www.wisebitcoin.com” rel=”nofollow”>Wisebitcoin</a> is happy to welcome Shadi Abdou to the Wisebitcoin Advisory Board. Mr. Abdou’s arrival comes soon after the additions of financial trading and cryptocurrency experts Andrew Chae and Sangwook Lee to the Wisebitcoin Advisory Board.</p>

<p>Wisebitcoin has been designed from the ground up to provide users with a secure, optimized, and performant trading experience. As a flagship one-click trading-enabled platform for web and mobile, Wisebitcoin is part of a cloud network of 280 global cryptocurrency exchanges that boasts daily trading volumes of over $6 billion and over 15 million active users.</p>

<p>To provide worldwide crypto traders with a wide range of trading services and investment opportunities such as spot and futures trading as well as guarantees of unprecedented levels of liquidity that are needed for fast and fair crypto transactions, Wisebitcoin has partnered with many of the leading brands and thought leaders in the cryptocurrency and decentralized financial services spaces to bring enterprise-grade trading and security to users from all backgrounds.</p>

<p>Mr. Abdou is a lifelong analyst and trainer and is a member of the Egyptian Society of Technical Analysts. For over 15 years, he has been an active trader in the forex market and has worked as an educator in both English and Arabic-speaking communities. His work has been featured on influential platforms such as “Forex from 360 Degrees,” an online broker and financial services firm regulated throughout Europe and Australia. The platform focuses on democratizing financial markets with its proprietary trading environment, comprehensive support, education, and data delivery – all of which are services and specialties that Mr. Abdou has experience with and will bring to Wisebitcoin.</p><div class=”td-a-rec td-a-rec-id-content_inline tdi_2 td_block_template_5″>
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<p>Mr. Abdou has also trained hundreds of beginners and professionals in the Forex market and is a prominent lecturer in the global trade and investment spaces. His experience with developing proven trading strategies and his recognition in many growing global markets will help Wisebitcoin provide safe and secure investment and trading opportunities to a whole new wave of crypto enthusiasts, both retail and institutional, particularly in high-growth, Arabic-speaking, and developing markets.</p>

<p>Mr. Abdou said that he was excited to join Wisebitcoin since it is the kind of trading platform that most of his best students would need to practice the strategies he teaches them. “Together, we can develop services that improve their experiences and help them leverage the platform to their advantage,” he said.</p>

<p>His arrival at <a href=”http://www.wisebitcoin.com” rel=”nofollow”>Wisebitcoin</a> comes at a time of unprecedented growth of the platform – a time at which traders can substantially benefit from his expertise in Wisebitcoin offerings such as leveraged ETF tokens, the Wisebitcoin insurance fund for perpetual swaps, leveraged trading, and more. With an experienced forex expert such as Mr. Abdou on the Advisory Board, Wisebitcoin is pushing forward with its commitment to providing users from all backgrounds with the services, education, and access they need to enjoy the benefits of inclusion in the decentralized financial system of the future.</p>

<p><strong>About Wisebitcoin</strong></p>

<p>Wisebitcoin is a decentralized global exchange for professional traders. The platform offers spot trading services for over 50 currencies and is powered by a multicultural team of over 50 specialists. With lightning-fast transaction times, 100X leverage on contract trading, 24/7 live phone support, cloud infrastructure, affiliate programs, deep liquidity, user-friendly interfaces, native mobile apps, and insurance-backed asset protection, Wisebitcoin is reimagining secure and performant cryptocurrency services for traders of the future. We are proud to invite you to the Wisebitcoin cloud exchange, so visit <a href=”http://www.wisebitcoin.com” rel=”nofollow”>www.wisebitcoin.com</a> or<a href=”https://twitter.com/wisebitcoin” rel=”nofollow”> https://twitter.com/wisebitcoin</a> to learn more about our services.</p>
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