The latest data analysis suggests that the majority of UK residents would not support their government in the event it would impose a crackdown on Bitcoin due to environmental concerns.

According to a recent YouGov survey, only 18% of the total population polled supported banning cryptocurrency in tackling climatic change, with 45% voting contrary to the move.

On several occasions, Bitcoin mining and its environmental impacts have attracted a heated discussion within the crypto industry. Moreover, the Asian crypto market reportedly intensified crackdowns over the same concerns.

But surprisingly, Bitcoin mining only accounts for just 0.46% of the entire world’s electricity consumption. A majority of the Britons suggest, banning crypto assets with such a small percentage would not make the whole planet greener either.

As the YouGov survey reports, only 21% of those younger than 24 years would back up the authorities if they implemented a total Bitcoin ban. On the contrary, 64% of the elderly above 65 years voted “No” to such an idea.

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Decentralized finance (DeFi) is no doubt one of the leading offerings of the crypto market. DeFi has provided users alternatives to traditional investments that they would otherwise not be able to access and this has been one of the major factors driving the growth of the space.

Currently, there are a number of blockchains on which DeFi protocols are programmed, namely; Ethereum, Solana, Cardano, Algorand, which Yieldly is built on, among others. These blockchains seem to be in an arms race to secure the most market share and lead the space. However, Yieldly’s CEO Sebastian Quinn does not believe this is the way to win. Instead, Quinn says, the focus should be more on interoperability between blockchains.

Quinn sat down with NewsBTC for an interview, where the CEO shared thoughts about the space, programmable blockchains, and some exclusive insight on future listings of Yieldly’s native token YLDY.

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Thorchain, a cross-chain decentralized exchange (DEX), is back in the game again after the team spent several weeks making the network more secure and resistant to malicious attacks.

Built on the Cosmos SDK, Thorchain is a protocol that aims to offer cross-chain liquidity by enabling the non-custodial trading of cryptocurrencies across different kinds of blockchains.

Thorchain’s cross-chain feature is called “Chaosnet” and was released on mainnet in April. It allows users to swap Bitcoin for Ethereum, two non-compatible blockchains, without a centralized intermediary like Coinbase.

Despite its promise, the hasty launch of Chaosnet led to two multi-million dollar hacking incidents that resulted in RUNE’s price plummeting below $4.

'Critical Issues' With Thorchain After 2nd Hack in a Week

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The fate of Bitcoin (BTC) and crypto mining in the de facto Caucasus-based state of Abkhazia has taken another bizarre turn after the government announced it would be building a new IT park dedicated to mining tokens.
EADaily reported that the President of Abkhazia, Aslan Bzhania, made the announcement on a visit to the Gudauta and Gagra regions, where he announced that a new Gyachripsh-based substation would be put to use – to power “a technopark for cryptocurrency mining.”

The same media outlet quoted the Deputy Prime Minister of Abkhazia and the Minister of the Economy Christina Ozgan, as explaining that a new substation near existing power plants or increased capacity at existing stations would be needed.

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As reported by CNBC, chief executive of the FTX crypto trading venue, Sam Bankman-Fried stated that the fact of the SEC greenlighting a Bitcoin futures ETF is a “huge step forward” in the USA. Once the company overcomes all legal and regulatory hurdles, it plans to expand its business to the US as well.

Recently, FTX has raised $420.7 million evaluated at a whopping $25 billion.

Bankman-Fried expects more regulated crypto products in the US
ProShares’s Bitcoin futures ETF (under the BITO ticker) began trading on the NYSE on Tuesday, rising by over 4 percent on its debut.

Another BTC futures exchange-traded fund, by Valkyrie, is to kick off on the Nasdaq today.

The FTX chief executive expects that soon enough more structured crypto products may emerge in the USA on regulated platforms. Therefore, he claimed, more regulation for markets and exchanges may happen soon there.

FTX solving regulatory issues in the US
Even though, the exchange already has offices in several US locations, such as Miami, Chicago, etc, Bankman-Fried said that they have certain regulatory and licensing hurdles in this country.

At the moment, according to the CEO, the FTX legal team is working with the CFTC and the SEC, as well as some other regulatory agencies, to find a way for FTX to conduct licensed and regulated operations in the US.

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Avalanche DEX Trader Joe today announced the launch of Banker Joe, new lending and borrowing platform powered by Chainlink price feeds.

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications.

After today’s integration, users can leverage Banker Joe to earn interest on their assets by loaning them to others via non-custodial pools, or by depositing their own assets as collateral to borrow more assets.

Banker Joe references Chainlink decentralized price oracles to determine a user’s borrowing capacity during loan issuance and check loans for under-collateralization during liquidations.

Trader Joe’s initial integration supports multiple Chainlink Price Feeds: AVAX/USD, ETH/USD, WBTC/USD, LINK/USD, USDT/USD, USDC/USD, and DAI/USD. Importantly, our integration with Chainlink can easily expand Price Feed support for more assets in the future.

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Singapore-based Atlas Mining today announced that it is expanding its cryptocurrency mining operations in the United States in a multi-year hosting service agreement with Compute North, a U.S.-based cryptocurrency mining infrastructure provider.

Fast facts
The deal will see Compute North providing over 100 megawatts colocation capacity — enough to power a small city — for Atlas’ mining operations in the United States. Currently 100 megawatts works out to approximately 31,000 mining machines mining about 620 Bitcoins per month.
In a statement, Atlas Chairman Raymond Yuan said that green mining and global operations are two key trends in the ASIC-mining industry.
Chris Haag, chief operating officer at Atlas Mining, told Forkast.News in an interview the deal with Compute North will enable Atlas to diversify and place its miners in multiple states. “The U.S. government is very open, especially in certain states,” said Haag, adding that states such as Texas and New York offered some of the cheapest power rates in the entire world. “A lot of renewable energy is available here — solar, wind, hydro, we have an abundance of that here.” The growth of crypto miners using renewable energy sources would also help expand the renewable sector in the U.S., Haag added.

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The below is a direct excerpt of Marty's Bent Issue #1098: "Don't buy bitcoin ETFs." Sign up for the newsletter here.

It finally happened. The SEC has given the market permission to offer Bitcoin ETFs to investors. This is something that many in the Bitcoin space have been anticipating for the better part of a decade. The Winklevoss twins wanted to launch one in 2013 but were cock blocked by the SEC. Since then there have been many more times when people thought we were "just days away" from getting ETF approval, but it never seemed to come to fruition.

That all changed this week when the SEC decided to give the green light to the exchange traded fund world to offer bitcoin products. As you can see from the tweet above, ProShares was the first to the bell with their Bitcoin futures ETF which launched this morning. Now, this may be a significant cultural moment for Bitcoin. Love it or hate it, it's hard to deny that having Bitcoin ETFs on the market won't act as a social stamp of approval for many skeptics out there. With that being said, your Uncle Marty is here to tell you not to buy any Bitcoin ETFs, but especially not Bitcoin ETFs that are based on bitcoin futures contracts.

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