The Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks global Bitcoin energy consumption, has undergone its first major update since 2019, influenced by evidence pointing to frequent overestimating Bitcoin’s electricity usage. A new report is said to shed light on the evolution of Bitcoin mining and to clarify the rationale behind the changes in CBECI’s The post Cambridge Bitcoin Energy Consumption Index lowers estimate by 14%, revises methodology appeared first on CryptoSlate.

Cryptocurrency lender BlockFi has filed a proposed court order seeking approval to convert certain client assets into withdrawable funds as part of its ongoing bankruptcy proceedings. The company applied to bankruptcy court on Aug. 30, requesting authorization to exchange limited cryptocurrency holdings known as “trade only” assets into stablecoins. According to the filing, the trade-only The post Bankrupt BlockFi proposes client asset conversion into stablecoins for trade-only wallets appeared first on CryptoSlate.

In an Aug. 30 letter, attorneys for FTX founder Samuel Bankman-Fried told a federal judge that their client still lacks adequate access to evidence against him, violating his constitutional rights and underscoring the need for his temporary release before trial. In the letter to U.S. District Judge Lewis A. Kaplan, lawyers Mark Cohen and Christian The post SBF lawyers claim Sixth Amendment rights have been violated, request release appeared first on CryptoSlate.

Binance is launching a new solution in Latin America called Send Cash, designed to facilitate more efficient crypto to local bank transfers. This advancement comes on the heels of Binance’s decision to discontinue its crypto card services in the same region, a move that reportedly affected less than 1% of its users. Available initially in The post Binance launches new crypto on-ramp ‘Send Cash’ in Latin America amid crypto card service suspension appeared first on CryptoSlate.

Mastercard held its first-ever blockchain innovation sprint in London last week as part of the development of its Multi-Token Network (MTN.) Among the participants was fintech startup Polytrade, which showcased how its blockchain-based platform for trade financing could integrate with the MTN. The network aims to enable consumers, merchants, and banks to transact seamlessly and The post Mastercard Multi-Token Network moving at ‘amazing pace’ as Polytrade tests RWA token integration – report appeared first on CryptoSlate.