Analysis Crypto by Thebittimes.Com

Nouriel Roubini , a professor at NYU and a rabid anti- Crypto advocate, has decided to put his past behind him and advise an asset that includes a Crypto currency token. The asset, called ATLAS (Asset Trust for Land, Adaptation, and Sustainability) is a three-pronged approach to building a portfolio that will go up during climate change scenarios. Atlas, the fintech firm behind the token, states that it’s also building out an ETF and an index fund to help maintain better portfolio performance for retail investors as the climate warms. On its website, Atlas suggests that its ETF will be launched in early 2024. There’s no timeline for the index fund or token. What exactly is this? Atlas calls its products “digital currency for resiliency.” While none of what it’s offering has been tested in the real world, it has apparently backtested data and feels that it’s developed a solution to the pain of holding cash. It even declares that it can outpace interest-bearing bank acco...

The report highlighted that Bitcoin mining can convert wasted methane emissions into less harmful emissions. A paper published by the Institute of Risk Management (IRM) concluded that Bitcoin (BTC) has the potential to be a catalyst for a global energy transition.  IRM Energy and Renewables Group members Dylan Campbell and Alexander Larsen published a report titled “Bitcoin and the Energy Transition: From Risk to Opportunity.” The paper argued that while BTC was perceived as a risk because of its energy consumption, it can also catalyze energy transition and lead to new solutions for energy challenges worldwide. Within the report, the authors also highlighted the important function of energy and the increasing need for reliable, clean and more affordable energy sources. Despite the criticisms of Bitcoin’s energy intensity, the study provided a more balanced view of Bitcoin by showing the potential benefits BTC can bring to the energy industry. Amount of vented methane that can be use...