Features Crypto News by Thebittimes.Com

The Environmental Impact of DeFi: Energy Consumption and Sustainability! Decentralized Finance (DeFi) has revolutionized the global financial landscape, providing open and permissionless access to financial services. However, as DeFi continues to grow, so do concerns about its environmental impact, particularly the energy consumption associated with blockchain technology. The Energy Cost of DeFi: Proof-of-Work Concerns Many DeFi applications rely on blockchain networks to operate securely and transparently. Some of these networks, particularly those using Proof-of-Work (PoW) consensus mechanisms, consume vast amounts of energy. Bitcoin, for example, has often been criticized for its high electricity consumption, comparable to that of entire nations. Similarly, Ethereum, before it transitioned to Proof-of-Stake (PoS), was another major energy consumer due to its PoW-based mining. The primary issue with PoW is its reliance on computational power to validate transactions and secure the ne...

The cryptocurrency market has faced a massive price correction. Bitcoin (BTC) has fallen below $80,000. The global crypto market cap has dipped 9.2% in the last 24 hours to $2.72 trillion. Dogecoin (DOGE) follows BTC’s trajectory, facing a massive price dip. DOGE is down 11.8% in the daily charts, 27.5% in the weekly charts, 29.6% in the 14-day charts, and 43.8% over the previous month. Despite the massive losses, DOGE has maintained some gains in the yearly charts. The asset is up by 92.9% since late February 2024. Also Read: Top 3 Cryptocurrencies That Could Rebound This Weekend Source: CoinGecko Cryptocurrency Face The Brunt Of Tariffs Source: Watcher Guru The latest market dip comes after the US announced a 25% tariff on the European Union (EU). Earlier this week, the US said that it would go ahead with its tariffs against Canada and Mexico. The development seems to have rubbed investors the wrong way. Dogecoin (DOGE), and other risky assets, have taken significant losses. Als...

Stacks, the leading Bitcoin (BTC) Layer-2 (L2) network for BTC-oriented decentralized finance (DeFi), has announced that its sBTC token has been adopted by a number of institutional clients, as detailed to Finbold on Thursday, February 27. sBTC’s next major milestone will be the launch of its withdrawal functionality, which is scheduled for March 2025. sBTC adoption  As a decentralized, Bitcoin-backed, programmable asset, sBTC is designed to bring additional flexibility to the BTC ecosystem.  Picks for you ChatGPT says Solana price will hit this target by March 2025 16 hours ago MetaMask integrates 10 blockchains in crypto off-ramp expansion  16 hours ago ...

The landscape of the digital asset industry is changing and is changing rapidly. Moreover, those shifts have seen a growing likelihood that financial services entities will enter the evolving cryptocurrency market. That was confirmed this week by Bank of America CEO Brian Moynihan, who recently said they are preparing to launch their own USD-pegged crypto stablecoin. Speaking to Dave Rubenstein, Moynihan said, “It’s pretty clear there’s going to be a stablecoin.” Moreover, he discussed the stablecoin market, noting their function makes the asset similar to any “money market fund with check access or a bank account.” "It's pretty clear there's going to be a stablecoin, which is going to be a fully dollar-backed… it’s no different than a bank account," says Bank of America CEO Brian Moynihan. Watch this episode of Peer-to-Peer with David Rubenstein March 12th https://t.co/gHGN19L3VX pic.twitter.com/rhVDtwT8uQ — Bloomberg TV (@BloombergTV) February...

The emergence of the AI sector last year proved to be massive for a host of companies that had been doing work in the emerging technology. Yet, one of the surprising beneficiaries was Amazon (AMZN), which has become one of the top growth stocks in Warren Buffett’s portfolio. The company has long been an e-commerce juggernaut, but its shift toward AI has given it a notable boost. Moreover, Buffet’s Berkshire Hathaway has been one of the investment firms all in on its potential. That has already paid off, and it could be set to be even bigger as 2025 continues to unfold. Source: Investopedia / Getty Images Also Read: Amazon (AMZN) Stock Hits 2-Month Low: Wall Street Still Bullish? Amazon Becomes Top Stock in Warren Buffet’s Portfolio: Here’s Why Amazon has already had an impressive 2025. The company has established itself atop a growing cloud computing industry while exploring new ways to embrace AI. Moreover, its e-commerce success has only reassured its status as...

ZIGChain’s native token, ZIG, has surged nearly 20% since mid-January, marking a 200% gain over the past year, as per the reports shared with Finbold on Tuesday, February 25.  While the overall crypto industry has plunged by 12.4% in the same period, ZIG remained resilient thanks to a series of strategic moves, partnerships, and an expanding network of ZIGChain validators.   The growth of the ZIGChain’s validator network   As mentioned, ZIGChain’s success was largely made possible by a growing network of high-profile validators, most importantly DWF Labs, a leading crypto venture capital firm staking 3,000,000 ZIG tokens to bolster network operations.   Picks for you Technical analyst maps out Bitcoin's price roadmap to $200,000 17 hours ago ...

The Su Zhu and Kyle Davies-backed crypto exchange OXFUN claims it has suffered an “oracle manipulation attack” at the hands of a user spreading “coordinated FUD” about insolvency.  OXFUN accused JefeDAO of aggressively selling Dave Portnoy’s JAILSTOOL memecoin after depositing $1 million worth of USDC. It claims that JefeDAO pushed the market low and closed his short positions as low as 0.0034 during the “attack.” Good morning OXFUN. Over the past months, OXFUN has focused on becoming a premier and trusted exchange for users to trade assets. It is heartbreaking to see a group of bad actors attempt to profit off of illegal market manipulation and then proceed to attempt to tarnish… — OX.FUN (@OXFUNHQ) February 24, 2025 OXFUN’s post also received a community note that accused the exchange of extortion.   Read more: Solana loses a third of its market cap — is memecoin season officially over? Today, OXFUN said, “This beh...

Cryptocurrencies have undoubtedly captured the world’s attention over the last decade. From the inception of Bitcoin in 2009 to the rise of altcoins and the evolution of blockchain technology, the crypto space has been continuously evolving. Every year seems to bring a new trend, a new platform, and a new token that promises to push the boundaries of what is possible in the world of digital assets. As the world moves towards a more digital future, the role of cryptocurrencies is becoming increasingly significant in various sectors, from finance and healthcare to entertainment and beyond. The race for the next big crypto is already underway, and with it comes a fresh wave of opportunities, challenges, and transformations. At the core of this evolution lies the need for faster transactions, more secure platforms, and greater scalability. While Bitcoin and Ethereum paved the way, a multitude of newer tokens and platforms are attempting to break the mold and improve upon what came...

The cryptocurrency market remains dynamic, with recent price shifts reflecting optimism and caution among investors. The global market cap is $3.2 trillion, experiencing a slight 1.06% decline over the past day. Trading volume has also dipped, down 9.20% to $105.55 billion in 24 hours. Bitcoin continues to dominate, holding 59.93% of the market share, though its influence has slightly decreased.   Following Bitcoin’s strong rally into 2025, market sentiment leans bullish, with many anticipating further momentum. However, most altcoins have retraced from their initial gains. While some see this as a temporary pullback, others believe certain projects could lead to the next wave of growth. With the market in flux, analysts are searching for the top crypto to invest in right now . Top Crypto to Invest in Right Now BNX is currently valued at $1.14, showing an 18.95% increase over the past week and an impressive 306.63% rise over the last month. This strong performance hig...

Due to a number of noteworthy currencies achieving remarkable increases, the cryptocurrency markets have experienced a whirl of activity today. Brett, Virtual Protocol, Osmosis, and Raydium are leading the way and drawing interest from traders and investors. From Raydium’s supremacy in the Solana DeFi ecosystem, Osmosis’ function in cross-chain liquidity, and Virtual Protocol’s cutting-edge AI-driven platform to Brett’s growing popularity in the memecoin sector, each of these tokens has a distinct allure. Biggest Crypto Gainers Today- Top List For those looking to capitalize on market momentum, now is the perfect time to explore what’s driving these projects forward. Are they just experiencing a short-term pump, or do they hold long-term potential? Understanding the fundamentals behind their growth could make all the difference. Whether you’re a seasoned investor or just getting started, this roundup offers valuable insights into why these top crypt...