‘Bitcoin incentivizes renewable energy’ agree Elon Musk and Jack Dorsey
Countering the claim that Bitcoin is environmentally wasteful, Ark and Square make the case for integrating Bitcoin miners into the renewable energy supply chain.

Some of Bitcoin’s most prominent backers have sought to make the case for Bitcoin’s environmental efficiency, with a collaborative paper from researchers at financial services firm Square and investment manager Ark Invest asserting that Bitcoin mining can drive increased efficiency in renewable energy production.

The paper, authored by “The Bitcoin Clean Energy Initiative,” or BCEI, seeks to counter the claim that “the computation required to secure Bitcoin [...] is environmentally damaging and ruining the planet,” arguing that Bitcoin mining incentivizes the generation of electricity “from renewable carbon-free sources.”

The paper has received support from top crypto luminaries including Square’s Jack Dorsey, Tesla’s Elon Musk, and Ark Invest’s Cathie Wood.

Ethereum hits $2.6K all-time high as Bitcoin market dominance falls below 50%
Ether is outperforming Bitcoin and other altcoins with new all-time highs.

Ether (ETH), the largest altcoin by market capitalization, hit new all-time highs on April 22 despite a bearish phase sweeping through Bitcoin (BTC) and other cryptocurrencies.

ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView

Cointelegraph Markets Pro and TradingView showed ETH/USD hitting $2,600 on April 22 for the first time, on the back of 9.2% daily gains. Against Bitcoin, Ether was also on fire, hitting 0.047 — its highest since August 2018.

Hollywood elite will receive NFTs in recognition of upcoming awards ceremony
Twenty five people from the more than one hundred nominated this year in Hollywood’s biggest night will receive unofficial gift bags containing a variety of NFT prizes.

A project will be distributing nonfungible tokens, or NFTs, in the gift bags of 25 actors, actresses, and directors nominated for their roles in feature films.

According to Nomine(eth), a project formed in partnership with online marketplace Rarible, Metaversal, and AdVenture Media, 25 people from the 115 nominated in this year’s Academy Awards ceremony will receive three nonfungible tokens, or NFTs, in unofficial gift bags. The project will gift the NFTs to Hollywood insiders nominated in the best actor, best actress, best supporting actor, best supporting actress, and best director categories.

All the digital pieces designed by artists Jon Noorlander, Shaylin Wallace, Rocco DiSpirito, and others will be minted with the names of those nominated in their respective categories. The winner of each category will receive an additional NFT auctioned off on Rarible. Some or all of the proceeds will reportedly go to a charity of their choice. Because NFTs do not exist in the physical world, the project will add a ticket to each bag allowing nominees to claim their gift through a Portis wallet.

This Daily Dose was brought to you by Cointelegraph.

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