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Energy Web Token Jumps 25% After BlackRock Gives Decarbonization Project a Shoutout
The nonprofit that issues the coin received praise from BlackRock for trying to reduce bitcoin mining emissions.
Updated May 11, 2023, 6:46 p.m. Published Aug 11, 2022, 3:03 p.m.
The jumped 25% to a high of $3.18 Thursday after it was mentioned in a BlackRock press release.
The release detailed BackRock’s plans to create a spot bitcoin private trust for U.S. institutional investors before praising Energy Web’s potential to introduce less environmentally damaging bitcoin mining strategies. Energy Web is a nonprofit that builds operating systems for energy grids.
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“BlackRock is encouraged that organizations such as RMI and Energy Web are developing programs to bring greater transparency to sustainable energy usage in bitcoin mining, and will follow progress around those initiatives,” the release read, referring to RMI, an energy sustainability advocacy group.
The press release follows last week’s announcement that BlackRock, the world’s largest asset manager, has established a partnership with crypto exchange Coinbase Global (COIN) to offer cryptocurrencies to BlackRock's institutional investors.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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