blockchain-and-crypto

Blockchain & Crypto

Blockchain is not just for crypto. It’s fundamentally a system of recording information that is cryptographically signed and encrypted which deters fraud and greatly reduces the chance of hacking. Blockchain’s secure tracking enables it to be used across multiple sectors, from ecommerce and healthcare, to industry supply chains and even artwork…plus, of course, cryptocurrency. Crypto is built on public decentralised blockchain networks, meaning that everyone can now have more control and visibility over their own finances rather than going through the banking system and thus removing the monopoly of these long-standing institutions. This security and authenticity is a key reason why the Ambassadeurs Group supports the growth of these advanced technologies.

Is bitcoin mining going green?

The fiercely contested bitcoin energy debate has gained momentum amid growing concerns about the environmental impact of mining cryptocurrencies. The ‘bitcoin gold rush’ is getting people talking about the environmental impact and some tech leaders say that cryptocurrency could be the catalyst for a renewable energy revolution.

At a recent virtual panel discussion hosted by the Crypto Council for Innovation, Tesla CEO Elon Musk said “When there’s confirmation of reasonable (~50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing bitcoin transactions.” Twitter CEO Jack Dorsey, who also participated in the virtual panel, argued that bitcoin can incentivise the transition to renewable energy.

A new report from the Bitcoin Mining Council counters bitcoin mining concerns and offers a more optimistic outlook.

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How cryptocurrency and DeFi defied the odds in 2020

The highs and lows of the cryptocurrency market mirror much of the uncertainty felt by many people this year. While speculation and excitement naturally follow any developments in cryptocurrency, the widespread adoption of digital currencies by leading payment leaders like PayPal and Cash App signal a watershed moment for the future of money. 

Whether it’s bitcoin’s never-ending ascent or the constant emergence of new currencies, the renewed interest in the crypto space thrills newcomers and veteran investors alike. As we close out the year, here are some of our favourite cryptocurrency moments from December. 

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Blockchain’s blockbuster year and beyond

As cryptocurrencies reach record levels in a surprising end-of-year twist, investors and tech enthusiasts are paying more attention to the foundational blockchain technologies that power these digital currencies.

In 2020, we saw the blockchain continue to gain more relevance through an assortment of emerging and trusted names shaping its future across multiple industries. The unpredictability of the past 12 months has created an appetite for greater certainty and transparency, which blockchain platforms promise. 

In the worlds of fashion, agritech, and of course, finance, blockchain applications are becoming more accepted as a way of performing transactions. If this year is anything to go by, more exciting changes await the blockchain in 2021. While it’s only natural to take a look forward at this time, here are some of the major blockchain stories of the month. 

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