Today in Unrewarded Intelligence,
The US House Committee on Energy and Commerce will hold a hearing on the crypto industry’s energy consumption on Jan. 20. The hearing will focus on proof-of-work of blockchains, such as bitcoin and Ethereum. The announcement says, “We look forward to examining the crypto mining’s growing energy footprint and how proof of work blockchains, in particular, may migrate toward cleaner alternatives and renewable energy solutions.”
Visa teamed up with blockchain tech provider ConsenSys to develop new infrastructure for upcoming central bank digital currencies rollouts that the pair plans to pilot in the spring.
Visa Head of CBDC, Catharine Gu, said that the two have been consulting with central banks around the world about CBDC development and potential.
The new tech will support existing payments modules, which means companies will be able to seamlessly integrate infrastructure to issue CBDC-linked payment cards or wallet credentials.
According to a recent Visa survey, nearly 25% of small businesses from 9 countries said that they have plans to accept digital currencies in 2022.
Microsoft CEO ,Satya Nadella, has declared that the Metaverse is transforming how we see and participate in the world and it is the next step for Microsoft.
News of Bitcoin universe.
Bitcoin miner, Rhodium Enterprises, will offer 7.69 million shares at 12 to 14 USD each in an IPO, implying a market cap between 682 to 796M USD.
Proceeds from the IPO will be used to repay outstanding debt, to build new sites, and to purchase more mining machines.
The $55M NFT platform ,Royal , crashed during its first mint curated by rap star Nas.
The platform delayed the mint to Jan. 20.
In Decentralized Finance , Algorithmic stablecoin protocol ,Frax Finance ,is currently voting on whether to purchase up to $2M worth of TempleDAO tokens and stake it, as long as Temple’s price remains below the risk free value stated on its website.
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