NBA star LeBron James companions with Crypto.com to embrace Web3


LeBron James and his LeBron James Family Foundation are partnering with Crypto.com to “support educational and workforce development opportunities focused on Web3.”

LeBron James is the most recent athlete to embrace cryptocurrency. The NBA star and his LeBron James Family Foundation are partnering with Crypto.com to “support educational and workforce development opportunities focused on Web3.”

The partnership will present college students and households linked to the four-time NBA champion’s “I PROMISE” program entry to instruments and academic sources to take part in Web3.

“Blockchain know-how is revolutionizing our economic system, sports activities and leisure, the artwork world, and the way we interact with each other. I need to make sure that communities just like the one I come from usually are not left behind,” James said in a statement.

Crypto.com has been furiously pushing its name to the world, paying over $700 million to be the title sponsor of what was once the Staples Center for the next 20 years, where James and the Los Angeles Lakers play their home games.

The company has also teamed up with Matt Damon to be the face of its platform, spending over $100 million on the campaign. Since the partnership was announced in October, Bitcoin is down from over $60,000 to about $37,000.

James is the latest of a growing list of athletes to get involved in the crypto space, following other stars like Odell Beckham Jr., Steph Curry and Tom Brady.

Top Bitcoin Miners Pressed by US Lawmakers to Detail Climate Impact, Power Consumption

(Bloomberg) A group of Democratic lawmakers led by US Senator Elizabeth Warren is demanding details from six of the world’s biggest Bitcoin miners about their electricity consumption and greenhouse-gas emissions, a warning shot that comes amid growing concern over the cryptocurrency industry’s environmental impact.

The eight lawmakers sent letters Thursday asking miners including Marathon Digital Holdings Inc. and Riot Blockchain Inc., to provide their facilities’ annual electricity consumption, growth plans and impact on local power prices.

Cryptocurrencies have come under increasing fire for the industry’s power consumption, which is now comparable to the entire country of Argentina. The letters raise the stakes in Warren’s campaign to crack down on wasteful Bitcoin operations after she sent a similar request last month to Greenidge Generation Holdings Inc., which powers its upstate New York facility with a natural gas plant. They also come as the industry reels from Bitcoin’s about-50% slump.

“Given the extraordinarily high energy usage and carbon emissions associated with Bitcoin mining, mining operations raise concerns about their impacts on the global environment, local ecosystems, and consumer electricity costs,” wrote Warren and seven other US lawmakers including Representative Katie Porter and Senator Sheldon Whitehouse.

The letters also went to Stronghold Digital Mining Inc., Bitfury Group Ltd., Bitdeer Technologies Holding Co. and Bit Digital Inc. The miners have operations across the US and in countries including Norway, Russia, Japan and Kazakhstan.

The letter to BitFury’s Chief Executive Officer Brian Brooks asked him to provide details on the company’s electricity needs and climate impact.

“What is your projected electricity consumption for cryptomining across all of your US facilities combined over the next five years? What are your projected associated carbon emissions for that mining?” the lawmakers wrote.

Brooks defended the trade’s vitality consumption earlier than a US House subcommittee listening to this month.

“Bitcoin mining consumes a small however nontrivial quantity [of] vitality relative to the quantity of worth created, and that vitality is on common drawn extra from sustainable sources than the US electrical grid as a complete,” he advised the committee.

Mining makes use of highly effective computer systems to resolve math issues and order transactions on Bitcoin’s blockchain, with the quickest miners rewarded in Bitcoin. The largest miners have operations with tens of 1000’s of computer systems buzzing in warehouses that resemble knowledge facilities and eat huge quantities of electrical energy.

“The terribly excessive vitality utilization and carbon emissions related to Bitcoin mining may undermine our laborious work to deal with the local weather disaster — to not point out the dangerous results of cryptomining has on native environments and electrical energy costs,” Warren stated in an emailed assertion.

Representatives of Marathon, Stronghold, Riot and Bit Digital stated in emailed statements that they welcomed the possibility to speak with the lawmakers. Stronghold, which makes use of coal refuse to generate energy and mine Bitcoin, stated that its amenities have been serving to clear up an environmental downside and will stabilize the facility grid, fairly than pressure it. BitDeer and Bitfury did not reply to requests for remark.

The letters come as Bitcoin miners face an important problem within the wake of the token’s 50% plunge from an all-time excessive in November. While many mining operations made a good-looking revenue throughout Bitcoin’s beneficial properties over the previous yr, the hunch might punish these with much less environment friendly operations.

The letters have been additionally signed by senators Maggie Hassan and Edward J. Markey, and representatives Rashida Tlaib and Jared Huffman.





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