Nasdaq-listed e-commerce company BigCommerce has partnered with CoinPayments to add Bitcoin and other cryptocurrency payments to its platform. This and more news is in this handy daily digest so you're always up to date with the latest developments in the crypto world.
BigCommerce integrates payments with Bitcoin and other cryptocurrencies
📍Publicly-traded e-commerce platform BigCommerce has integrated payments with Bitcoin and other cryptoassets. BigCommerce has enabled Bitcoin payments for its more than 60.000 merchants through a deal with CoinPayments. BigCommerce merchants will also be able to accept payments in other cryptocurrencies, such as Ethereum and Dogecoin, within the e-commerce platform.
In a statement, the company's CSO, Marc Ostryniec, said that the integration of Bitcoin and crypto assets as payment methods in BigCommerce responds to the needs of driving growth and innovation for its merchants, as well as the needs of the new era of consumers, who are passionate about cryptocurrency transactions.
The e-commerce company plans to expand its cryptocurrency offerings, providing its merchants with new opportunities to expand their market share, tap into a new customer base, and accelerate their international growth through innovation and technological development.
Environmentalists push Bitcoin for Ethereum-like consensus change
📍Following the completion of The Merge on Ethereum, environmental groups are pressuring Bitcoin to migrate to PoS. Groups like Greenpeace and the Environmental Working Group are pressing Bitcoin developers to change the blockchain network’s consensus mechanism. Like Ethereum, which has successfully migrated to Proof of Stake, environmentalists hope that Bitcoin can reduce its energy consumption by using a consensus protocol that is less energy intensive than Proof of Work.
Bitcoiners and the crypto community are responding to the pressures being exerted by these environmental groups. On Twitter, MicroStrategy CEO and a strong Bitcoin advocate, Michael Saylor, has shared a report on Bitcoin mining and the environment.
Saylor said he published this report because of the large amount of misinformation and bad propaganda circulating on the subject lately. “I thought it was important to share the truth regarding Bitcoin, mining and the environment”he said.
The @thecryptoc0up1e account also shared a video in which he shows not just “a bunch of computers using energy to secure the Bitcoin network,” but an industry capable of using the energy wasted on the planet to sustain an alternative financial system that benefits millions of people globally.
“Bitcoin mining is powered by a larger mix of sustainable energy than any major country or industry in the world”, is indicated in the video.
It is worth remembering that block mining in Bitcoin is sustained, at almost 60%, by renewable energy sourcesCompanies engaged in this activity are shifting their business towards sustainable energy sources to minimize their environmental impact and carbon footprint. In addition, various studies confirm that the current energy consumption of the Bitcoin network represents less than 0,5% of global energy.
Ethereum Classic and Ravecoin receive a large share of ether miners
📍Ethereum miners are moving their machines to other blockchain networks following the successful activation of The Merge on the mainnet. Ethereum Classic is proving to be the blockchain that has benefited the most from Ethereum’s migration to PoS. According to Colin Wu, approximately 40% of Ethereum’s hash rate has been distributed between Ethereum Classic, Ravecoin, and Conflux Coin.
Following the Ethereum merge, the Ethereum Classic hash rate increased by 55,17%. Currently, the hash rate of this network is 268,8 TH/s, according to data from the 2miners platform.
Yuga Labs denies rumors about a new NFT collection
📍One of the co-founders of Yuga Labs has denied on Twitter the rumors of an alleged collection of NFTs for later this year. It had been reported that the company that develops the popular Bored Ape and Mutant Ape was preparing to launch a new collection of NFTs on the market, called Mecha Ape.
However, it was only a matter of false rumors, as Gordon Goner, pseudonymous co-founder of Yuga Labs, has denied the news on his Twitter account.
The main cryptocurrencies on the market remain in the red
📍Ravecoin, Ethereum and Ethereum Classic are the cryptocurrencies most affected by Thursday's drop. Over the past 24 hours, the price of major cryptocurrencies has lost up to 15% of their value. Bitcoin, which is the largest cryptocurrency by market cap, is trading almost 2% below its price on Wednesday, at $19.700 at press time.
Likewise, Ravecoin, Ethereum, and Ethereum Classic have fallen between 15,7% and 7,6% of their value in the last 24 hours. Market analysts and traders attribute this drop to increased volatility ahead of the upcoming US Federal Reserve meeting and upcoming economic announcements. According to Eight founder and CEO Michaël van de Poppe, markets, including cryptocurrencies, may face a downward spiral. remain low until the next FED meeting.
Continue reading: The Merge has been successfully completed and Ethereum is now Proof-of-Stake
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