Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
- The United States House Committee on Energy and Commerce announced a hearing on the crypto industry’s energy consumption, which will take place on Thursday, January 20, 2022. The focus of this hearing will be on proof-of-work (PoW) blockchains and how such cryptoassets could migrate to cleaner alternatives. (Learn more: A Closer Look at the Environmental Impact of Bitcoin Mining)
- Trading platform Robinhood doesn’t plan on spending significant amounts of corporate cash on cryptoassets anytime soon, Chief Financial Officer Jason Warnick told the Wall Street Journal. He explained that they haven’t seen any “compelling reasons strategically” for their business “to put any meaningful amount” of their corporate cash into cryptoassets.
- El Salvador’s bitcoin trades are adding risk to a sovereign credit outlook that was already weak and reflecting a growing chance of default, credit rating agency Moody’s said, per Bloomberg.
- Binance Labs, the venture capital and innovation incubation arm of major crypto exchange Binance, invested in Nine Chronicles, an open sourced, decentralized role-playing game. Nine Chronicles plans to expand its team and product suite, and it will also work with the Binance…