Square (SQ) intends to support the use of renewable energy in bitcoin mining with a new Bitcoin Clean Energy Investment Initiative, and it’s dedicating $10 million to the effort.

Announced Tuesday, the company said it aims to become a net-zero carbon contributor for operations by 2030 and wants to help drive the adoption and efficiency of renewables within the Bitcoin ecosystem.
Square said it has mapped out a path towards a net-zero carbon target by lowering its own carbon footprint in conjunction with scaling a verified carbon removal portfolio, which Square intends to launch in the first quarter of 2021.
The Bitcoin Clean Energy Investment Initiative is part of a broader push to support clean energy efforts at Square.
The company has also partnered with Watershed, which powers climate programs and reducing its carbon footprint.
“We believe that cryptocurrency will eventually be powered completely by clean power, eliminating its carbon footprint and driving adoption of renewables globally," said Square CEO Jack Dorsey, who is also the founder of Twitter. "Published estimates indicate bitcoin already consumes a significant amount of clean energy, and we hope that Square’s investment initiative will accelerate this conversion to renewable energy.”

Source:
https://www.coindesk.com/square-to-support-greener-bitcoin-mining-as-part-of-zero-carbon-pledge

Lawyer Warns Russian Crypto, Blockchain Exodus Has Already Begun

Expert voices are warning that a mass crypto and blockchain exit is already underway in Russia, with companies seeking a way out over concerns that the nation is “lagging behind” other more business-friendly regions.

Per DP.ru, Yuri Brisov, a member of the Commission on the Legal Support of the Digital Economy of the Moscow branch of the Russian Bar Association, global trends that have seen investment in crypto and blockchain companies intensify in recent years are passing Russia by.

Brisov said that Russia was falling away from countries where real-world applications of the technology are soon set to make their debuts.

The lawyer stated,

“Russian clients mainly come to us with inquiries about how to transfer their businesses from Russia to jurisdictions where it is possible to work with crypto and blockchain legally. Fortunately, there are enough of these kinds of jurisdictions out there. Russia is beginning to lag far behind the rest of the world in this respect.”

The media outlet pointed out that it has been a relatively quiet past few months for Russia’s crypto and blockchain scene – despite busy progress elsewhere.

More here
https://cryptonews.com/news/lawyer-warns-russian-crypto-blockchain-exodus-has-already-be-8522.htm

In the latest crypto outlook research report by Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence (BI), Bloomberg’s research arm on the Bloomberg Terminal, the Bitcoin price could reach $55K in 2022.

According to the December 2020 edition of the “Bloomberg Crypto Outlook” report, which got released on Thursday (December 3), Bitcoin will “maintain its propensity to advance in price into 2021,” and that “macroeconomic, technical, and demand vs. supply indicators” suggest that in 2021 Bitcoin will be trading in the range $10,000–$50,000.

Source
https://www.cryptoglobe.com/latest/2020/12/bloomberg-research-bitcoins-market-cap-could-reach-1-trillion-in-2022/

We all know gold in the ancient time after it was discovered it became part of the greatest wealth of a kingdom and the treasures that all invaders longed for. Gold is also the best offering in human history as far as treasures is concern (I'm sure even today). There's nothing we can ever imagine as dominant and as popular than gold. Until ten years ago bitcoin was born and no one thought it would be in great value the first time it is introduced to the world except the believers.

Now in just 10 years 1 bitcoin can make someone rich who is living in the third world. Bitcoin market current capitalization is at $227 billion, while gold is 40 times bigger which currently is about $9 trillion. The highest gap is too obvious but of course this is just natural since gold has been in the market long before bitcoin is created.

Though the gap market capitalization of gold is high, we can see that bitcoin bears too much potential to reach the current market cap of gold. It is the first ever currency yet digital that holds an endless opportunity in the market the very unique thing we can compare to gold and might be a scale of a country's wealth in the future.

What do you think?

While I was browsing for my research project I was stumbled with an interesting add called ezzocard. This is a kind of credit card but what caught my attention is the card does not need your personal information, you can use cryptocurrency to avail the product, once paid you can have your virtual credit card and can make purchase worldwide wherever MasterCard and and visa card is accepted.

Just imagine how wonderful it is, the way you can avail it and the way you can use it. It does not require your personal info. If you are a person who wants to hide your identity in your International transactions ezzocard is perfect.

From ezzocard

We offer virtual prepaid Visa and Mastercard bank cards that allow you to pay for goods and services anonymously online. We work worldwide so you can purchase virtual prepaid cards from anywhere in the world and use them to pay online on any websites that accept Mastercard or Visa prepaid cards.

Now here's the other side comment of mine.
This kind of new and unique way of system is a highly competent product enough that can shaken the traditional banks all over the world. Who would think that there will be a product like this — a visa and MasterCard that allows anyone to use worldwide without risking the personal data and all of this became possible because of cryptocurrency.
Do you think the banks have no choice but to embrace cryptocurency and blockchain just to not be left behind?
 

If there is one great product that challenges the position of gold that is bitcoin and we all in crypto community knows about it. There are opinions saying that bitcoin will replace gold and the reason I see in this opinion is because of its volatility.

The volatile culture which I called "the lucky charm of bitcoin" is what gives interest to investors and traders to believe they can make huge profit from it. But this lucky charm is also the bad luck of others and from them the gainers of bitcoin make profits. Well it's too obvious that coin always has two sides and so whoever invest in it is not free from risks.

Aside from risk bitcoin is just a product invented by anonymous gifted individual or a group and every manufactured matter can be replace by something greater in the future. This is what made me believe that gold can't be replaced by bitcoin.

Gold is a natural matter that holds irresistible value and can't be lose no matter how the world will become gold value remains. Here's one of my favorite about gold:

There are several factors that make gold a strong safe-haven asset. It’s valuable as a material for consumer goods such as jewelry and electronics, and it is scarce. Regardless of demand, supply remains disproportionately low. Gold cannot be manufactured like a company issues new shares, or a federal bank prints money. It must be dug up from the ground and processed.

And this one...

Gold usually performs well during corrections because even if it doesn’t necessarily rise, an asset that remains static while others decline is quite useful as a hedge. Plus, as more people flee stocks and invest in gold, the price rises accordingly.

From investopedia

After the hacking event had happened in kucoin on September Lyu the founder of the said exchange announced that 84% of the stolen asset have recovered to be followed with detail reimbursement once the case is closed.

After the hacking happened, do you think kucoin will remain as one of the trusted exchanges? Do you still have peace for this exchange after all?

The price rally of Bitcoin is not giving enough volume for altcoins to operate. Ethereum, long considered to be the indicator for the entire altcoin market, is feeling the brunt of Bitcoin's momentum as analysts say it's possible for the second-largest cryptocurrency to experience more pullbacks.

Ethereum closed at $383 Monday, reversing the gains from the previous day. The cryptocurrency is struggling to break the $400 level and analysts observe that Bitcoin sucking out all the volume in the market has caused a decrease in the price of altcoins, which is evidenced by increased selling pressure and low demand.

Ethereum has broken the $382 support level and is trading within the $373 level, which is already below the 100-day moving average (MA) in the daily price chart.

The weekly chart shows Ether has failed to break the resistance at $450. However, the long-term chart also has bullish indicators, particularly the clear breakthrough in the 100-week and 200-week moving averages.

Another bullish indicator is the break above $270, long considered a year-long resistance that Ethereum only broke this year.

A key problem is that when Ethereum recently rallied to $450, there was no clear area of resistance and support, Cointelegraph reported. That's why observers relied on the weekly chart for Ethereum, which suggested a possible retest of the $270 level. Still, should $450 get broken, an upward trend to $800 could happen.

The daily chart also suggests a retest of the $270 level is possible. Analyst Michael Van de Poppe says there is a rising-wedge construction pattern that is not supported by volume on the $368-$378 level. If this area is lost, the next area that will be tested is $315. If this also breaks, $270 and even $250 will be on the table.

Source: https://www.ibtimes.com/ethereum-price-faces-possible-correction-could-drop-below-300-3075422