The ECB announces the environmental impact of mining, and eBay users will be able to trade NFT

Economist: BTC already consumes more electricity than the Netherlands

Italian economist Fabio Panetta is confident that mining digital currencies carries risks for ensuring environmental safety. A member of the board of the European Central Bank believes that “colossal electricity consumption” and carbon emissions from the mining of crypto assets can negatively affect socio-economic development.

The ECB notes that due to the pandemic, the volume of carbon dioxide emissions has decreased. But experts say this has a temporary effect. Panetta believes that cryptocurrency mining poses a potential threat to international environmental security.

“Bitcoin alone is already consuming more electricity than the Netherlands. Controlling and limiting the environmental impact of crypto assets, including through regulation and taxation, should be part of the global discussion,” Panetta said.

eBay users will be able to trade NFT

The e-commerce platform eBay has released a statement that its users can now buy and sell non-fungible tokens on the site. NFT can be operated by “eBay-compliant sellers”, and anyone can purchase tokens.

All transactions will be in US dollars, with many other platforms suggesting using Ethereum. A significant part of the non-fungible tokens presented on the site is created on the basis of WAX. Because of this, sellers offer buyers to create a wallet in this network to receive NFT.

“In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform,” said Jordan Sweetnam, senior vice president and manager of North American Marketplace for eBay.

Crypto enthusiast announces a possible drop of BTC below $50,000

The main cryptocurrency price may fall below the $50,000 level. This is probably due to the decrease in the number of “whale” addresses to the minimum since this year. This point of view was expressed by Pankaj Balani, the head of the cryptocurrency platform Delta.

According to Glassnode, the number of addresses that store at least 1000 bitcoins dropped to 1943. The negative trend has been traced since the first decade of February when a record high of 2237 addresses was recorded.

“The data looks bearish, as it shows a clear trend of whales offloading their holdings,” Balani is sure.