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Ethereum kills nearly $6 billion
The forward-leaning morning newsletter for those
who love all things green
March 28, 2022
Topics: Chrome, Hive, cybersecurity, cannabis, hemp, New York, crypto, ethereum bitcoin, coinable, EV, Burger King, plant-based
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🚨EMERGENCY UPDATE ON CHROME Google wants all 3.2 billion Chrome users to update their operating system right now. Emergency version 99.0.4844.84 will fix a major security problem, as was announced on Friday, March 25.
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🦹Stay safe Hive Systems, a cybersecurity company, has published an updated security report. The update contains tables revealing how long it takes a hacker to crack a password. Passwords that are "hashed" are scrambled and hackers unscramble them to hack accounts. Yes, be worried!
Hive recommends combining numbers, upper and lowercase letters, using symbols and making passwords above twelve characters to strengthen them. Hive also recommends salting passwords and using Two Factor Authentication (2FA) to tighten security. "Salting" is something sites do to enhance security and it means placing a random assortment of characters before a password. "Peppering" is just like salting, but the characters are placed at the end of a user's password.
🌿Hemp to the rescue, again New York's governor is getting creative. The state wants an immediate supply of adult-use cannabis available when sales become legal in 2023. Why not let the current hemp farmers grow it for just this purpose? is what Governor Kathy Hochul thought made the most sense. She signed the bill last week to give New York hemp cultivators an option to apply for a Conditional Adult-use Cannabis Cultivator license to start growing adult-use marijuana this spring.
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🔥Ethereum kills nearly $6 billion ETH, what? Crypto analyst Watch the Burn has revealed that Ethereum destroyed 2,000,996 Ether between October 2021 and March 2022. That's almost $6 billion. There are two reasons for this action. The first was to control inflation to maintain the value of Ether already in circulation.
The second reason for the burn is linked to Ethereum introducing its best upgrade yet. Coming in a few months, Ethereum 2.0, also called Consensus Layer, will make Ethereum much more energy efficient and sustainable. At the same time, it will lower costs, improve transaction speed on the blockchain, and further strengthen the value of Ether. For more on Ethereum, see AGREEN1 August 16 issue.
🌬️$1.2 billion in Bitcoin gone from Coinbase Bitcoin prices have remained low for the fourth month, and it looks like retail traders (individuals) are bowing out. Glassnode, a blockchain analytics firm, reported that up to 31,130 bitcoin left Coinbase last week.
Glassnode noted that the outflow is actually beneficial to Coinbase. Currently it is the most preferred exchange for US-based institutions, and the retail sell off will encourage larger institutions to adopt bitcoin as a macro asset. Bitcoin traded around $44,712 on March 26. Two years ago on March 26, 2020 bitcoin traded just below $7,000.
🍔BK's first all vegan restaurant opens Burger King will serve only plant-based diets at its outlet in Leicester Square, London for one month, from March 14 to April 10. Burger King took similar steps last year, but this latest step will enable it to decide whether to offer all meatless restaurants worldwide. At the very least it plans to have all menus with 50% plant-based foods by 2030.
To further prove its commitment to sustainability, Burger King said it would donate 10 pence from every sale made within the one-month trial period to Trees for Cities, a UK-based non-profit organization that plants trees in cities. Vegetarian Butcher will supply the dishes while Ben & Jerry's will make the desserts at the restaurant. Sounds like a recipe for a huge success!!
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Thanks again for being you. Until the next issue, be sure to add more green to your life!
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