Best app for crypto bubbles
Could not get search results, please try again or contact us! No creatives found in last month for this app. Crypto Bubbles is an interactive visualisation tool for the cryptocurrency market. The biggest cryptocurrencies like Bitcoin, Ethereum and XRP are visualised each as a bubble in this chart. You can customize the size, color and content of the bubbles to whatever you like to visualize.
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Beyond the boring blockchain bubble
UK-based cryptocurrency venture Save Planet Earth has convinced investors it can make them rich and fix the climate, but its tree-planting vision is a long way from reality. Why would anyone pay such a huge premium? To find answers, Climate Home News dived into a community of cryptocurrency investors, connecting on messaging apps Telegram and Discord.
The aim? An investigation by Climate Home, drawing on interviews with government officials and experts in those countries, suggests this claim is vastly inflated. SPE was established in April by year-old Imran Ali, a project manager from the northern British city of Bradford, who previously worked in the waste and renewable energy sectors.
The company is part of a recent boom in cryptocurrency initiatives to overhaul carbon trading. These involve taking carbon credits out of the existing market and putting them on a blockchain where they can be bought with cryptocurrency, allowing traders to speculate on the price of a tonne of carbon.
Growing demand for offsets is expected to push up prices. The buzz around cryptocurrencies provided him with a vehicle to fund carbon saving projects and raise awareness about the climate crisis, he explained. SPE says it has attracted more than 80, investors.
While Climate Home could not verify the figure, supporters of the venture exchange hundreds of messages every day on its Telegram channel. Ali said SPE was in talks with fossil fuel and mining companies interested in using its carbon credits to offset their emissions.
Cryptocurrencies are an alternative way to make payments. The technology behind it allows virtual money to be sent directly to others without using a centralised system, bypassing governments and financial watchdogs. Each transaction of crypto assets is registered and verified on a blockchain, a computer-based system that uses digital keys to prove to the network who owns what.
This makes blockchain networks transparent and difficult to cheat. Not necessarily. Blockchains used to support cryptocurrencies like Bitcoin are extremely energy-intensive.
New generations of blockchain use a different security test that uses just 0. Blockchain applications for global carbon accounting are being explored. The international community of investors backing SPE coordinate on Telegram to generate hype around the company, sharing memes and motivational chats with newcomers.
Climate Home spoke to half a dozen SPE investors. Nearly all of them had previously invested in cryptocurrency. None knew much about the carbon market. They trusted Ali to generate carbon credits that would increase in value and make them money. For most, saving the planet was secondary. In practice, carbon pricing is not the only tool of climate policy.
Want climate news in your inbox? Sign up for free to get our weekly newsletter and occasional extra bulletins. Nine months after its launch, SPE said it had contracts to plant 1. These boasts were, at best, premature. In a follow-up email, Ali changed his story. He said SPE did not have permission to generate carbon credits on public land in Pakistan but agreements had been reached with private landowners, which he would not disclose. In fact, while SPE says it has planted 25,, trees to date, none have been used to generate carbon credits.
This was done without the involvement or knowledge of the environment ministry. Land for tree-planting is scarce. But Welikannage told Climate Home that while the agency had supported SPE in planting some trees on Earth Day , it was no longer in contact with the initiative.
The choice of fruit trees raised an eyebrow for Meredith Martins, assistant professor at the North Carolina State University, who has studied agroforestry systems in Sri Lanka. That requires clear agreements with stakeholders, land owners and authorities.
SPE is one of a flurry of crypto ventures to have seized on surging demand for carbon offsets. Toucan, a nonprofit crypto initiative based in Switzerland, says its technology has allowed more than 18 million tonnes of carbon offsets to be tied to digital cryptocurrency tokens. Supporters say this will make the carbon market more transparent, verifiable and easier to access for individuals and companies seeking to offset their emissions.
Trading carbon credits the traditional way requires an account with a dedicated registry, putting it out of the reach of small buyers. Carbon market experts are open to the idea in principle, sceptical in practice. Many are growing concerned about a proliferation of poor quality digital credits on the market.
A key concern is that by putting credits on a blockchain, it removes it from the control of the carbon standard that issued it. Standard Verra has distanced itself from the trend of tokenising its credits, warning that once they are traded on a blockchain, it can no longer vouch for their environmental benefits. Comment: Why I refuse to collude with polluters in the carbon offsetting lie.
The use of carbon credits to offset emissions from burning fossil fuels is controversial, regardless of how transactions are carried out. There is a long history of forest carbon projects not delivering the claimed climate benefits — and a certification process to try and address these flaws. Trading carbon credits on a blockchain does not make them any better for the climate, argued Gilles Dufrasne , policy officer at Carbon Market Watch. Carbon market incumbents have plenty of ideas on how to use blockchain to advance climate action and democratise finance, Hewlett said, but crypto entrepreneurs were not listening to the old hands.
And that would be a missed opportunity. Investigative journalism takes time and expertise. With your support, we can dig deeper. Please consider a contribution to our work. Read more on: Carbon markets Carbon markets. The climate crisis - and how we confront it - is THE story of our lifetimes. At Climate Home News, we believe journalism can make a difference. Our mission is to produce original reporting that informs, engages and inspires action.
This takes time and expertise. Support our work today with a donation or by subscribing to our daily newsletter for exclusive extra content.
What is a cryptocurrency? What is blockchain? Climate Home.
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Many people asked me afterward: If I'm so skeptical about the space, why am I invested in it? Let me clarify. I'm someone who always calculates the potential upsides and downsides, and I think many people take unnecessary risks: They either invest too much or too little because they don't do proper analysis. So I want to highlight five reasons why might be the best ever year for cryptocurrencies and why I'm heavily invested in them. Bitcoin BTC is the most important cryptocurrency.
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Crypto Bubbles on Windows Pc
Millennials and members of Generations X and Y cumulatively represent a demographic accustomed to practices such as irrational consumption. We are governed by emotions and give in to our urges and impulses. This characteristic trait, to a certain extent, can be extrapolated to our investing behaviour as well. Irrational exuberance is characterized by a state of mania that drives investors to massively overestimate asset values and as a result, the asset prices warrant undue inflation. This leads to peers investing into whatever asset is rising, thereby creating an asset bubble.
The silly season continues. Speculators are piling into the cryptocurrency space in the hopes of—sometimes very literally—making money fast. Litecoin is up 12x since then. Even Bitcoin has tripled, again.
Should you invest in Bitcoin or control your urge? Battle lines are drawn between Bitcoin fans and critics making this a tough one to conclude. In this short read, we look at Bitcoin movements, regulatory issues and investing principles to arrive at the answer. This gigantic rise in Bitcoin prices generated widespread attention helping it become a household name. This downfall continued in has the prices have been shaky to say the least.
In contrast, investment bank Goldman Sachs had earlier this month predicted a rise in Bitcoin price. Like us on Facebook and follow us on Twitter. Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates. Written by Sandeep Soni. January 18, pm.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day. Moneycontrol News. Cryptocurrency prices continue to be in the red on September 1.
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