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- ๐ The Solution to Bitcoinโs #1 Problem
๐ The Solution to Bitcoinโs #1 Problem
GM ๐จโ๐ฉโ๐งโ๐ฆ
Seedphrase Daily ๐ Me after I tell you everything there is to know about Crypto going into the Weekend :
Fun Fact : Bitcoin has a hard cap of 21 million coins. Experts predict the final Bitcoin will be mined by 2140.
Todayโs Agenda ๐:
๐ก Tether Hires Accounting Firm BDO Italia for Monthly Reports.
๐คฏ Coinbase CEO says heโll shut down ETH staking ifโฆ
โฎ Weekly Rewind
๐ฅพ Want to set your foot in Web3?
๐ฑ NewSeeds
๐ค Coinbase Shares Rocketed 31%. Hereโs why.
Energy Concerns about Cryptocurrency. ๐ฐ
The #1 concern with cryptocurrency is the amount of energy it uses. Bitcoin uses a lot of electricity to power the miners that validate and secure the network. So, requiring miners to produce and use Bitcoin with clean, renewable energy is essential for growth.
Pollution in a nutshell: greenhouse gas emissions trap heat and make the planet warmer.
The world is becoming more environmentally friendly, and Bitcoin needs to do the same.
Enter: EnergyWeb โณ๏ธ
Energy Web will evaluate the impact of renewable energy purchased by companies to mitigate emissions from electricity consumption. This way, companies cant just claim to be "green."
This certification process will then enable investors, regulators, and customers to assess the green credentials of bitcoin miners.
Big Investors are Looking at it. ๐
BlackRock, the worlds largest asset manager, mentioned them in their recent press release. These people have 9 trillion under their watch. Absolute sharks.
They praised Energy Web's potential to introduce less environmentally damaging bitcoin mining strategies, being a nonprofit that builds operating systems for energy grids.
This made the Energy Web Token ($EWT) jump 42% to a high of $3.85.
The press release also explains BlackRock's initiative to create a spot bitcoin private trust for U.S. institutional investors.
๐ฅณ Ethereumโs Merge is Officially Announced!
People are talking about this merge like it's Will Smith slapping someone.
Here is everything you need to know about it! ๐
ETH will finally transition to Proof of stake on September 15-16.
This is huge for the network to be more sustainable and energy efficient.
The Goerli test merge that occurred Thursday morning successfully indicates that the network is healthy.
Vitalik said that the goal for ETH fees should be lower than $0.05.
Needs to get under $0.05 to be truly acceptable imo. But we're definitely making great progress, and even proto-danksharding may be enough to get us there for a while!
โ vitalik.eth (@VitalikButerin)
2:46 PM โข May 3, 2022
While this won't fix all our problems, it's a step in the right direction to fixing high gas fees and slow transaction speeds.
โฎ Weekly Recap
Miss out on anything this week?
CryptoDickButts Surges to 3.4ฮ Floor Price! Currently at 3.6ฮ floor, only in the NFT space. ๐
What Not to Do When You Make a Bad Investment. People do funny things. ๐ช
Why Web2 Developers Keep Leaving for Web3. If you can't beat them, join em. ๐
Make sure to tune in on Mondays, so you don't miss our PlantingPlays!
๐ฅพ Want to set your foot in Web3?
Becoming a Seedphrase sponsor will make you part of the world's #1 growing Web3/Crypto Media company.
Be ready for the next crypto boom and youโll be asking us โwhen lambo?โ
If you like the sound of that:
Fill out this form, and we'll be in contact. ๐
Meme of The Day
Man, who told em?
The IRS showing you all the crypto transactions you failed to report
โ Alan Carroll (@alancarroII)
2:54 PM โข Aug 11, 2022
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See you Monday!
Disclaimer: None of this is financial advice. This newsletter is strictly educational and is not investment advice or solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research!
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