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Posted: 10 May 2021

Weekly Blockchain News, May 10, 2021



Welcome to the weekly briefing presenting developments in blockchain and fintech industry from the Billon's point of view. This week we are focusing on Ethereum, thanks to the record ETH prices, Vitalik joining the crypto billonaires club and the NFT craze. We will also go back to the ongoing discussion about bitcoin's cabron footprint, visit Ethiopia which pilots blockchain in education and comment on Coinbase's decision to work 100% remotely forever. Let's go!  

Ethereum leaves bitcoin in the crypto dust

The world's second-most valuable cryptocurrency has soared even more than bitcoin in 2021 thanks to non-fungible token mania and increased adoption of ether. CNN analyses why has ethereum, which now has a combined market value of almost $400 billion for all its coins in circulation, taken off lately.

The surge on ETH has made one man very happy. Vitalik Buterin, who spearheaded the launch of the Ethereum blockchain in 2015, has become the world’s youngest crypto billionaire at age 27. According to "Forbes", Buterin's ether address holds currently  333,520 ETH, which is obver $1.3B by now.

Bitcoin energy consumption - hot or not?

A bill introduced in the New York State Senate is seeking to halt bitcoin mining for three years until the state has assessed its impact on the environment - "Business Insider" reports. The bill would specifically look into the greenhouse gas emissions caused by mining. If passed, it will affect a growing BTC mining industry in upstate New York.

On the other hand, do we now for sure how much energy does bitcoin really consume? The reality is a little more complicated - writes Nic Carter in "Harvard Business Review". Carter claims that although bitcoin's carbon footbrint is substantial, the societal value that BTC provides is worth the resources needed to sustain it. Do you agree?

Digital dollar enters 5 pilot stages

The nonprofit Digital Dollar Project will launch five pilot programs over the next 12 months to test the potential uses of a US central bank digital currency, the first effort of its kind in the United States. The private-sector pilots initially will be funded by Accenture and involve financial firms, retailers and NGOs, among others. The aim is to generate data that could help US policymakers develop a digital dollar. Learn more in this Reuters dispatch.

Ethiopia deploys blockchain in the classroom

The Ethiopian government is piloting blockchain in the education sector - saying the technology has a number of uses from locating exceptional students to verifying grades. Okwi Oroh from Reuters has more.

Coinbase shuts its offices... forever!

Ęven when the COVID-19 pandemic will be over, this company will not be going back to the office. Coinbase announced it will work 100% remotely from now on, closing its HQ in San Francisco for good. Will the workplace of blockchain companies will be as decentralized as the technology?

And that's all for now. See you next week!



Maciej Józefowicz
PR & Communication

We tell the world about Billon’s unique technology and describe the difference we make for companies and their clients. We share our knowledge about blockchain and DLT to educate, inspire, and engage people to help overcome their hesitations about this wonderful technology.



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