Crypto
Why Blockchain, NFTs, And Web3 Have A Sustainability Problem

Blockchain – the distributed, decentralized system that helps confirm crypto transactions and file possession of NFTs – requires a large quantity of computing energy and electrical energy. And because the NFT market and different Web3 applied sciences proceed to increase, the environmental affect of blockchain has been rising.
Why Blockchain, NFTs, And Web3 Have A Sustainability Drawback
Adobe Inventory
The inducement to create cryptocurrency “mines” or enormous server farms, is excessive. Bitcoin, which is the world’s largest cryptocurrency, consumes an estimated 150 terawatt-hours of electrical energy yearly – an quantity equal to the whole nation of Argentina. Producing that a lot vitality emits roughly 65 megatons of carbon dioxide into the ambiance on an annual foundation.
However as society’s thirst for Web3 applied sciences continues to develop, the trade might want to discover methods to be extra sustainable, so new tech doesn’t decelerate our efforts to fight local weather change.
Let’s have a look at a number of the methods blockchain, cryptocurrency, and NFTs would possibly transition to greener applied sciences and extra sustainable vitality sources.
The way to Curtail the Results of Blockchain Know-how
Listed here are some methods of creating blockchain applied sciences, cryptocurrency mining, and NFTs cleaner and extra sustainable:
Embracing extra energy-efficient blockchain methods
Most of the hottest cryptocurrencies depend upon energy-inefficient problem-solving methods referred to as “Proof of Work.” In POW methods, miners compete with each other to see who can problem-solve the quickest in alternate for crypto rewards. POW methods like this take up a considerable amount of vitality.
“Proof of Stake” methods, however, depend on market incentives, and “validators” put down a stake (a deposit) in alternate for the suitable so as to add blocks to the blockchain. Eradicating competitors from the system through the use of Proof of Stake (POS) reportedly makes use of 99.9% much less vitality than Proof of Work, and due to this fact decreases carbon emissions. Ethereum, the second largest blockchain, has just lately efficiently transitioned from POW to a POS system.
Adoption of renewable vitality sources
One clear strategy to make blockchain extra sustainable is to mine with solar energy and different inexperienced vitality sources.
Genesis Mining, which relies in Iceland, is likely one of the largest miners on the earth, and it makes use of 100% renewable vitality and allows mining for Bitcoin and Ethereum within the cloud.
As a result of each firm that makes use of blockchain defines its personal miner compensation methods, new blockchains might conceivably supply incentives for utilizing inexperienced vitality.
Though renewable vitality might be tough to retailer, some nations have a transparent benefit. For instance, Paraguay’s vitality provide relies nearly 100% on hydroelectric sources. Bitcoin mined on this nation can have a decrease carbon footprint than in nations depending on fossil fuels.
How Blockchain May Be Helpful within the Combat In opposition to Local weather Change
Some specialists predict that blockchain is perhaps the important thing to sustainability improvements that may assist us battle local weather change. The expertise may very well be helpful in air pollution monitoring and monitoring the sustainability of merchandise.
Moreover, blockchain tech might truly assist speed up the deployment of renewable vitality in growing nations.
Mark Radka, Chief of UNEP’s Power and Local weather Department, says, “The world must nearly halve emissions over the subsequent eight years to remain on monitor for a 1.5°C world, whereas on the similar time increasing entry to vitality to deliver tons of of thousands and thousands of individuals onto the grid. Blockchain expertise can play an element by making doable extra correct load monitoring, technology, and distribution within the grid by way of environment friendly use of knowledge.”
The Greening of Blockchain
The blockchain, NFT, and Web3 areas will face many challenges as researchers and builders try to go inexperienced and scale back their environmental affect. Integrating renewable vitality sources and switching to really sustainable mining practices are just some methods the fourth industrial revolution can grow to be extra sustainable.
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Crypto
Adecoagro Partners With Tether to Pioneer Renewable Energy Use for Bitcoin Mining in Brazil – Mining Bitcoin News

Crypto
Cryptocurrency Live News & Updates : Cardano Price Surge Signals Potential Risks – The Economic Times

Cryptocurrency News & Live Updates
Synopsis
Cardano’s price has increased for two consecutive days, reaching $0.60, driven by a significant development in its Bitcoin integration efforts. However, the coin’s price action suggests a potentially bearish pattern ahead.
Cardano (ADA) has seen a notable price increase, rising over 17% to $0.60, largely due to the first on-chain transaction proving Bitcoin’s state on its network, marking the start of a Cardano-Bitcoin bridge. Despite this bullish narrative, Cardano faces challenges, including a relatively inactive ecosystem and low total value locked in DeFi. Meanwhile, Dogwifhat (WIF) has also experienced a price surge, rising 43% to $0.92, with increased whale accumulation indicating potential for further gains. The token is forming a cup-and-handle pattern, suggesting a projected breakout target of $2.37. In regulatory news, concerns persist regarding stablecoin frameworks in the EU and Switzerland, with calls for clearer guidelines to support industry growth. Additionally, Fitch predicts the U.S. deficit will exceed 7% of GDP next year, highlighting broader economic challenges. Lastly, Amber International raised $25.5 million to expand its Crypto Ecosystem Reserve, reflecting a trend among crypto firms to bolster their balance sheets amid cautious funding cycles.
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Cardano Price Surge Signals Potential Risks
Cardano’s price has increased for two consecutive days, reaching $0.60, driven by a significant development in its Bitcoin integration efforts. However, the coin’s price action suggests a potentially bearish pattern ahead.
Dogwifhat (WIF) Price Surges: 155% Potential Upside
Dogwifhat (WIF) token has seen a 43% increase, reaching around $0.92, driven by whale accumulation and bullish market indicators, suggesting further growth ahead.
EU and Switzerland Face Stablecoin Regulation Issues
Peter Märkl of Bitcoin Suisse highlights ongoing regulatory ambiguities for stablecoins in the EU and Switzerland, stressing the need for clearer frameworks under MiCA and addressing challenges like KYC requirements.
U.S. Deficit Expected to Exceed 7% of GDP
Fitch’s Richard Francis forecasts that the U.S. government deficit will surpass 7% of GDP next year, with the debt ratio nearing 120% of GDP by 2026, despite anticipated tax cuts.
Amber International Secures $25.5M for Crypto Reserve Growth
Amber International Holding has raised $25.5 million to enhance its $100 million Crypto Ecosystem Reserve, aimed at supporting blockchain networks and product development.
Bitcoin (BTC) Hits 110,000 USDT with 0.80% Rise
As of July 3, 2025, Bitcoin has reached the 110,000 USDT mark, reflecting a modest 0.80% increase over the past 24 hours.
IMF Cautions Trump’s Tax Proposal Could Hinder Debt Reduction
The IMF warns that President Trump’s proposed tax legislation may obstruct efforts to lower fiscal deficits and debt levels, potentially increasing the deficit by $3.3 trillion.
Treasury Secretary Foresees Trade Agreements by July
U.S. Treasury Secretary Besant predicts that numerous trade agreements will be finalized by July 9, impacting around 100 countries with at least a 10% reciprocal tariff.
Ondo and Pantera Capital Launch $250M Initiative
Ondo Finance, in partnership with Pantera Capital, is initiating a $250 million fund to invest in projects focused on real-world asset tokenization.
Erebor Targets Financial Needs with Stablecoin Strategy
Erebor, a new crypto bank backed by notable figures, aims to fill the financial void left by Silicon Valley Bank’s collapse by focusing on stablecoin transactions and services for tech companies.
ETH Steady as U.S. Jobs Data Boosts Markets
ETH rose 0.55% to $2,584.90 following strong U.S. jobs data, which indicated labor market resilience and pushed the S&P 500 and Nasdaq to record highs.
Bitcoin Surpasses $110K Ahead of Jobs Report
Bitcoin’s market dominance has decreased slightly, now at 65%, as the U.S. jobs report is set to be released today, with expectations of a modest increase in nonfarm payrolls and a rise in unemployment.
OpenAI Disavows Robinhood’s Stock Tokens
OpenAI has denied any connection to Robinhood’s stock tokens, emphasizing that these tokens do not represent actual equity and warning users to exercise caution.
IMF Rejects Pakistan’s Electricity Subsidy for Crypto Mining
The IMF has turned down Pakistan’s request for subsidized electricity for crypto mining, despite plans to allocate 2,000 megawatts of surplus power to the sector.
SEC’s Grayscale Fund Delay Expected to Be Brief
The SEC has temporarily paused the launch of Grayscale’s Digital Large Cap Fund (GDLC) ETF for commissioner review, citing the need for standard-setting rather than political reasons.
Tether Mints 1 Billion USDT on Ethereum
Tether has minted an additional 1 billion USDT on the Ethereum network, as reported by Whale Alert, to manage liquidity and meet market demand.
Trump’s Budget Lacks Crypto Focus, Yet Market Gains
Despite no crypto provisions in Trump’s budget, the liquidity boost may positively impact crypto assets.
Binance Enhances Pay Send for Crypto Transfers
Binance has launched two key upgrades to its Pay Send service, introducing features that allow users to send cryptocurrencies via phone contacts and on-chain transactions, enhancing speed, security, and convenience.
U.S. Employment Data to Shape Dollar’s Future
Analyst Turner from ING emphasizes the importance of the upcoming U.S. non-farm employment report in assessing the dollar’s downward trend, with potential implications for interest rates.
Bitcoin (BTC) Falls Below 109,000 USDT
As of July 3, 2025, Bitcoin is trading at 108,959.99 USDT, reflecting a modest 1.55% increase over the past 24 hours, according to Binance Market Data.
BNB Falls Below 660 USDT with Minor Gains
As of July 3, 2025, BNB is trading at 659.69 USDT, reflecting a modest 0.46% increase over the past 24 hours.
Federal Reserve Expected to Keep Rates Unchanged
The CME’s FedWatch tool shows a 76.7% chance that the Federal Reserve will not alter interest rates in July, with a 23.3% possibility of a 25 basis point cut.
YZi Labs Joins $135M Investment in Digital Asset
YZi Labs has announced its participation in Digital Asset’s $135 million Series E funding round, joining major financial institutions to support the growth of the Canton Network, which facilitates on-chain asset tokenization for regulated institutions.
Why the U.S. Lacks a Bitcoin Reserve
Despite initial excitement from President Trump’s directive to establish a Bitcoin reserve, legislative hurdles and a lack of public plans have stalled progress.
Telegram’s Blockchain Developer Achieves Unicorn Status
The Open Platform has reached a $1 billion valuation after securing $28.5 million in funding, marking a significant step for the TON ecosystem in integrating crypto with Telegram’s vast user base.
Beijing North Fonda Partners with Guofu Quantum
Beijing North Fonda has formed a strategic alliance with Guofu Quantum Innovation Co., Ltd., focusing on virtual assets and digital currency to enhance their global fintech presence.
USD Faces Historic Challenges Ahead
Analysts report that the dollar has experienced its worst start to a year since 1973, with a significant decline in value against other currencies amid waning confidence in U.S. policies.
Michael Saylor’s Firm Faces Class-Action Lawsuit
A class-action lawsuit has been filed against Strategy and its executives, including Michael Saylor, over a reported $5.9 billion loss in Bitcoin holdings due to new accounting rules.
Pepe Coin Price Targets 70% Increase Amid Whale Activity
Pepe Coin (PEPE) surged to $0.0000107, driven by whale accumulation and a broader crypto market rally, with large holders increasing their stakes by 5% over the past month.
Treasury Secretary Addresses Dollar Decline Concerns
U.S. Treasury Secretary Besent has downplayed worries regarding the dollar’s recent depreciation, asserting that its value is not tied to the strong dollar policy, which focuses on long-term measures to maintain its global reserve status.
U.S. Unemployment Claims Increase Amid Job Market Focus
Despite a decrease in initial jobless claims, U.S. continuing unemployment claims have risen to 1.964 million, the highest since November 2021, with significant contributions from the Deep Tristate area.
Nano Labs Expands Holdings with BNB Acquisition
Nano Labs Ltd has acquired 74,315 BNB in an OTC deal, totaling around $50 million, raising its cryptocurrency reserves to approximately $160 million.
Tether Teams Up with Adecoagro for Bitcoin Mining
Tether has partnered with Adecoagro to explore renewable energy Bitcoin mining in Brazil, utilizing surplus energy from Adecoagro’s facilities.
U.S. House Passes Key Tax and Spending Legislation
On July 3, the U.S. House of Representatives voted to approve President Trump’s major tax reduction and spending bill, known as the ‘Big and Beautiful’ bill, with all Democrats and two Republicans opposing it.
Senator Lummis Proposes New Crypto Tax Legislation
Senator Cynthia Lummis has introduced a standalone cryptocurrency tax bill to reform the U.S. tax code for digital assets, including a $300 transaction threshold and tax parity with traditional financial assets.
Ripple Labs’ Banking License Bid Fuels XRP Speculation
Ripple Labs’ application for a U.S. banking license has sparked considerable speculation regarding XRP’s price, with analysts observing bullish momentum and potential resistance levels.
Sui Surges to $3 Amid Lion Group’s Treasury Plans
Sui (SUI) has reached around $3 following a week-long rally driven by Lion Group’s $600 million crypto treasury plan, marking a 15% increase over the past week.
Stablecoin Regulations May Boost Crypto Market to Trillions
Bo Hines, Executive Director of Trump’s Digital Asset Advisory Committee, predicts that stablecoin legislation could drive the cryptocurrency market’s growth to between $15 trillion and $20 trillion.
Nano Labs Invests $50M in BNB Acquisition
Nano Labs has initiated its strategy to acquire up to $1B in BNB by purchasing 74,315 tokens for $50 million in an OTC deal, signaling a shift in its business model amid declining hardware revenues.
Binance Enhances Pay Send for Crypto Transfers
Binance has rolled out two major upgrades to its Pay Send service, introducing features that improve the speed, security, and convenience of cryptocurrency transfers.
Crypto
Titobet: A Privacy-First Crypto Gambling Platform – Branded Spotlight Bitcoin News

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