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Bitcoin critics have been attacking the network by claiming that bitcoin miners are inefficient and consume too much energy. These attacks are usually wrapped in faux concern for climate change, but they are almost always funded by competitive digital asset teams who are simply trying to gain an advantage through regulatory capture.

As you can imagine, the combination of money and virtue signaling can be a powerful force in the world of politics. Take the recent developments in the New York State Assembly — the politicians voted to ban bitcoin mining within the state.
While the stated goal is to remove the use of fossil fuels as an energy source, the politicians have decided to go after bitcoin miners. This is interesting because bitcoin miners, along with all data centers, have no emissions. Rather than attacking the problem from a first principles perspective, the legislation goes after the virtue signaling targeting.
Legislature haven’t gone after data centers, banks, the military, or other consumers of fossil fuel energy production. Instead, they have singled out a single industry, which happens to have the dual benefit of creating jobs and stabilizing the electrical grids, as they pursue what they believe will score political points.

But here is the interesting thing — even if you disagree with the theory that many of these attacks are being funded by competing digital asset projects, it is unequivocally true that the data disproves the logic backing these legal attacks.
The bitcoin mining council recently published their latest survey results and it found that the bitcoin network hashrate grew 23% over the last 12 months, yet energy consumption dropped 25% in the same time period. This means that the bitcoin network is becoming more efficient and continuing to refrain from any direct emissions from the bitcoin mining machines.

Whenever you hear politicians saying one thing, but the data is telling you a different story, it should peak your interest as to why there is such a disconnect.
New York State already made a major mistake in the creation of the Bitlicense, which drove businesses, jobs, and economic prosperity out of the state. By banning bitcoin mining, they are repeating the exact same mistake again. States like Texas and Florida are welcoming businesses, including bitcoin miners, with open arms. As jobs and prosperity flow to these business friendly states, it will become more obvious that the abrasive states like New York will take years to recover.

The bitcoin mining debate is no longer a debate. The network provides an ever-increasing efficiency improvement as it protects the purchasing power of hundreds of millions of people globally. Over 50% of energy used for mining is coming from renewables compared to industry averages of approximately 20% renewables in other major industries.

Bitcoin mining is winning. Politicians who don’t understand the technology or the users will complain. The entrepreneurs, investors, and operators will compete in the marketplace.

Compete, don’t complain. Build. Create. This is the way to a better future. The folks who are funding these bitcoin attacks will continue burning money while we push forward.

Hope each of you has a great day. Talk to you soon
#USA #bitcoin #uselections #Hamstercombo #binance

$SOL $A newly launched memecoin on Solana (SOL) has achieved a $1.1 billion market capitalization in less than 48 hours following its listing on Binance. The memecoin, Book of Meme (BOME), was launched by art producer DarkFarms and specializes in pieces based on Pepe the Frog, a character often used for various memes. Following the announcement from Binance, BOME went from $0.0077 to $0.0268 in just several hours, an additional rally of nearly 250%." #Binance #Solana #Memecoin #BookOfMeme #BOME #PepeTheFrog #MemeCoinMarket #CryptocurrencyNews #AltcoinGems #KuCoin #SolanaBasedTokens

Binance, the world's largest cryptocurrency exchange, continues to revolutionize the industry with its cutting-edge technology and innovative features. In this article, we'll delve into the latest developments on the Binance platform, making waves in the crypto space.
1. Binance Smart Chain (BSC)
Binance Smart Chain (BSC) has gained significant traction since its launch, offering a fast and low-cost alternative to traditional blockchain networks. With over 1 million daily transactions, BSC is becoming the go-to destination for DeFi applications and decentralized apps (dApps). #BinanceSmartChain #BSC
2. Binance NFT Marketplace
Binance recently launched its NFT marketplace, allowing artists, creators, and collectors to buy, sell, and trade unique digital assets. With its massive user base and low fees, the Binance NFT marketplace is poised to become a leading platform for NFT enthusiasts. #BinanceNFT #NFTMarketplace
3. Binance Pay
Binance Pay, a contactless payment solution, enables users to make cryptocurrency payments using their mobile devices. This feature has opened up new possibilities for cryptocurrency adoption in everyday transactions. #BinancePay #CryptoPayments
4. Binance Liquid Swap
Binance Liquid Swap, a liquidity provider platform, allows users to trade with lower fees and tighter spreads. This feature has attracted institutional investors and high-frequency traders, further solidifying Binance's position in the market. #BinanceLiquidSwap #LiquidityProvider
Conclusion
Binance continues to push the boundaries of innovation in the cryptocurrency space, offering a wide range of features and services that cater to diverse user needs. As the exchange evolves, it's clear that Binance is committed to shaping the future of cryptocurrency adoption and usage. #Binance #Cryptocurrency #Innovation
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As a cryptocurrency enthusiast, it's essential to stay up-to-date with the latest prices and market capitalization of your favorite coins. But have you ever wondered how these numbers are calculated, and what they really mean?

Cryptocurrency prices refer to the current value of a coin or token, usually expressed in USD or other fiat currencies. These prices fluctuate constantly based on supply and demand, adoption rates, global events, and investor sentiment.

On the other hand, market capitalization (or market cap) represents the total value of all outstanding coins or tokens. It's calculated by multiplying the total supply of coins by their current price.

For example, if a coin has a price of $10 and a total supply of 1 million coins, its market capitalization would be $10 million.

Understanding market capitalization is crucial because it helps you:

- Evaluate the size and liquidity of a project
- Compare the relative market share of different cryptocurrencies
- Identify potential investment opportunities

Stay informed about cryptocurrency prices and market capitalization to make informed decisions in the crypto space!
What's your favorite cryptocurrency? Share with us in the comment
#cryptocurrency #prices #marketcapitalization #cryptotrading #investing"

Binance's BNB Chain has recently implemented a significant upgrade, introducing MEV (Maximum Extractable Value) boosting. This development aims to enhance the network's performance, security, and decentralization. MEV boosting enables validators to extract more value from transaction fees, incentivizing them to contribute to the network's growth.
This upgrade has sparked excitement among builders and validators, as it opens up new opportunities for innovation and revenue streams. With MEV boosting, BNB Chain is poised to become an even more attractive platform for decentralized applications (dApps) and protocols.#BNBChain #MEVBoost #Binance #Blockchain #DeFi #Web3 #Crypto #Validators #Builders #Decentralization

Binance, the world's leading cryptocurrency exchange, has reached a significant milestone by surpassing 200 million registered users globally. This achievement highlights the platform's growing popularity and trust among cryptocurrency traders and investors.

Binance's user base has grown exponentially in recent years, with the platform expanding its services to over 180 countries. The exchange offers a wide range of features, including spot trading, margin trading, and derivatives, making it a one-stop-shop for cryptocurrency enthusiasts.
This milestone is a testament to Binance's commitment to providing a secure, reliable, and innovative platform for its users. As the cryptocurrency market continues to evolve, Binance is poised to remain a leader in the industry.
#Binance #200Million #Cryptocurrency #Exchange #Trading #Investing #Blockchain #CryptoAdoption #FinancialInclusion