Bitcoin miners hit 50% clean energy usage, SEC scrutinizes NFT offerings
Investing.com | Editor Hari G
Published Sep 15, 2023 05:55AM ET
In a significant shift towards sustainability, Bitcoin miners reached the 50% mark in clean energy usage on Friday, as reported by Bloomberg Intelligence. This milestone is seen as a key indicator for the industry, and it could potentially pave the way for Tesla (NASDAQ:TSLA) to resume accepting Bitcoin, a move previously hinted at by Elon Musk in 2021.
The U.S. Securities and Exchange Commission (SEC) has increased its scrutiny of the digital asset landscape. The latest target is Stoner Cats 2 LLC, which has been charged with conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs). The offering raised $8 million to fund an animated web series. Ripple CLO Stuart Alderoty criticized the SEC's move, which was also opposed by SEC Commissioners Hester Peirce and Mark Uyeda.
Meanwhile, Genesis announced on Thursday that it will cease its crypto trading services immediately. This follows the company's previous announcement that it would end spot trading by September 30.
Deutsche Bank has made a significant foray into the crypto world by partnering with Taurus SA to offer crypto and tokenized asset custody services to institutional clients. Paul Maley, Deutsche Bank Global Head of Securities Services, sees the digital asset space as potentially encompassing trillions of dollars of assets and therefore a priority for investors and corporations.
In terms of market movements, Bitcoin's value continues to fluctuate around the $26,755 resistance level. Ethereum also experienced volatility, maintaining above the $1,626 support level.
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