Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week
Twitter’s top brass gutted as Elon Musk’s takeover begins
Elon Musk’s purchase of Twitter became final this week, after which he reportedly fired three top-level executives: CEO Parag Agrawal, head of legal and policy Vijaya Gadde and chief financial officer Ned Segal. Musk reportedly claims the three were dishonest about Twitter spam accounts — an issue that almost caused Musk to abandon the Twitter deal. On a more positive note, Musk said he has big plans for Twitter, including ensuring free speech on the platform. Twitter also commanded other headlines this week as Binance invested $500 million in the platform, and the New York Stock Exchange delisted the now-private company.
Kazakhstan to build central bank digital currency on BNB Chain
Binance’s BNB Chain will host Kazakhstan’s central bank digital currency (CBDC), according to Binance CEO Changpeng Zhao. CBDCs have made headlines in recent years as regions across the globe have taken various steps toward the new form of money. The digital tenge, a product of the National Bank of Kazakhstan, will operate on BNB Chain. Binance has made regulatory strides in Kazakhstan — a country that has shown interest in crypto.
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Report: Vast majority of blockchain energy studies ’lack scientific rigor’
Much of the information floating around about blockchain carbon emissions lacks validity on several levels, according to a preprint produced by researchers from multiple universities. In short, the preprint states that numerous studies on blockchain energy consumption use incomplete data, lack clarity on electricity costs, and have made assumptions based on old data, among other points. Blockchains and their energy requirements have been a topic of much…
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