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PayPal leads a bullish charge for eco-friendly Bitcoin mining. In a bullish maneuver toward a more environmentally friendly Bitcoin (BTC) future, PayPal is leading an effort to encourage miners to embrace eco-conscious energy sources. Collaborating with Energy Web and DMG Blockchain Solutions, PayPal’s Blockchain Research Group is proposing a rewards program for “green miners” who utilize renewable energy.
Payment giant @PayPal Wants to Use a Reward System to Green #Bitcoin Mining
— CoinBrit | Honest Crypto News (@Coinbrit) April 23, 2024
The system, tested in partnership with DMG Blockchain Solutions, aims to boost the confirmation success rate for low-cost, green energy mining https://t.co/fCD5C37Lyp
These miners could receive exclusive “eco-friendly keys” linked to their public keys, potentially earning reduced fees and extra Bitcoin rewards. Tested alongside DMG Blockchain Solutions, the initiative aims to enhance the success rate of low-cost, eco-friendly transactions on the blockchain. PayPal’s initiative underscores a bullish outlook on the sustainability and positive impact of Bitcoin mining, aligning with broader efforts to transform and environmentally enhance the digital asset landscape.
Key BTCUSD Levels To Watch – April 23
The price of BTC has been undergoing a bearish retracement since its recent attainment of the all-time high. However, the selling momentum keeps declining as the price reaches the discount zone.
The current trading range of the market lies between $73836.00 and $50577.00 price levels. BTCUSD is likely to resume its bullish trend as soon as the 62% Fibonacci retracement level of the trading range is reached.
BTCUSD Key Levels
Resistance Levels: $67273.00, $73836.00, $80000.00
Support Levels: $53000.00, $45000.00, $38000.00
Bitcoin Metrics
Total Market Capitalization: $2.43T
Bitcoin Market Capitalization: $1.30T
Bitcoin Volume: $24.8B
Market Rank: #1
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