A halo of myths has formed around bitcoin mining and its energy usage, forcing even the most experienced crypto enthusiasts to doubt its efficiency and environmental footprint. Bitcoin is currently being bombarded by numerous attacks and criticisms from eco-activists and Wall Street executives alike. According to these myths, bitcoin mining causes serious harm to the environment due to its massive energy consumption. When examined in a vacuum, the current consumption of the bitcoin blockchain is comparable to the total energy consumption of the Netherlands. But, is bitcoin mining as harmful to the environment as it seems? Or are these fears being blown out of proportion?

Myth #1: Bitcoin causes harmful CO2 emissions resulting from its enormous electricity expenditures

This is probably the most frequent argument we hear from bitcoin critics. But is it true? According to a recent Yahoo Finance article, bitcoin does not expend nearly as much energy on a yearly basis as does the banking and gold mining systems. Here’s a visualization that speaks for itself:

According to Juniper Research, the number of Internet of Things devices is expected to exceed the 50 billion mark by 2022 and all of these devices will require fast and secure methods of communication. The project we are about to discuss focuses on solving this very problem — the creators of IoTeX are planning to handle this with a privacy focused blockchain. The ecosystem should provide flexibility and scalability by using a fast Proof-of-Stake based consensus mechanism, combined with the sidechains.

Dogecoin’s surge in popularity represents a huge consumer shift in retail investing and with it, the way that we market to these new consumers. More than ever, younger consumers are looking to enter the markets because of apps that made investing easier like Coinbase, Robinhood, and Cash App. These apps have discovered that this new cohort of consumers that range from late teens to early thirties interacts with the world differently. Social media is a key battle ground for these apps to get new customers, with people now glued to their phones spending hours per day on Instagram, Tik Tok, and SnapChat.

On a forum called WallStreetBets on Reddit, the seeds to the Dogecoin boom were laid through the pumping of GameStop, AMC, and other highly shorted stocks through an almost decentralized version of a hedge fund. After Robinhood shutdown trading to many of these stocks, investors who were looking for new places to put their gains found a fun new target: Dogecoin.

Originally created as a joke, Dogecoin was co-founded by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer, who set out to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin, officially launching on December 6, 2013. Most importantly, beyond their tech, Dogecoin had a cartoon Shiba Inu dog as its mascot. The currency gained a huge cult popularity, mainly because it was a fun and less serious atmosphere than the Bitcoin space at that time. Throughout cryptos brief history, Dogecoin has had a serious of a few massive pumps and dumps. Since no real development is behind Dogecoin, it’d seem to be nothing more than a worthless digital token.

However, if you look at the list of highest market capitalizations in the cryptocurrency Dogecoin stands at #12 with an $8.5 billion market cap. How much of that value is based off the meme itself? After Robinhood slowed trading to the hot WallStreetBets stocks, the power of the meme came out in full force. Soon, Reddit, TikTok, and Snapchat were flooded with the Shinu Ibu and Dogecoin took off to all new highs. Retail investors expressed resoundingly that they didn’t care about Dogecoin’s lack of a team, direction, or overall development. Surprisingly, the value has held strong over the past few weeks even while the stocks that started this whole situation have plummeted. Long term, Dogecoin may return to its pump and dump ways but advertisers in the crypto space would be foolish not to take note of what we’re watching!

Art

Shrimpy Trading Bot: About the Bot

Back in 2018, Michal McCarty and Matthew Wesly launched the Shrimpy crypto bot platform — It has fostered trading strategies and automated digital currency trading since then. The platform enables automated crypto portfolio rebalancing, index fund features, custom bots, and other automation tools. Shrimpy presently collaborates with 16 well-known crypto & Bitcoin exchanges. 

Shrimpy reviews are positive across the board, hence the article reviewing the portfolio management and automation features. Many users credit Shrimpy as being the best among competitors, as it streamlines trading for novice and seasoned traders alike. 

Shrimpy Trading Bot: A Quick Review

You may consider Shrimpy regardless of whether you’re a novice trader or experienced trader. However, based on multiple Shrimpy reviews, the platform fits more experienced traders, as relatively high subscription fees repel newbies. The App building feature, custom strategies, and social trading programs hint at seasoned users being the preferred audience on Shrimpy. 

Shrimpy Bot Review: Pros and Cons

If you look at the DeFi ecosystem through a wider lens, you can see that decentralized finance projects are working and developing in roughly twelve directions. Attempting to shift to a decentralized form of almost everything related to the traditional financial system also means trying to move as quickly as possible to new types of interactions with financial instruments and decentralization of these interactions.

The world economy has undergone a long and complex process of emergence from barter to fiat currencies and DeFi. Although the financial world is evolving, modern currencies and their analogs still have significant drawbacks. Let’s discuss what the currency of the future will be, whether it will replace existing fiat money and what transforming the modern monetary system will take.

Existing financial system shortcomings

To understand what the future currencies should be like, we need to deal with the disadvantages of fiat money, which we now use as the primary means of exchange. They have many drawbacks: from centralized management to inflation. We would like to go through the disadvantages of fiat currencies in use today.

Centralization

The management and control of money emission and circulation are concentrated in the hands of central banks. CBs determine how much currency to issue and set the rates. When central banks issue new units into circulation, the value of each separate unit decreases. On the one hand, this is how the issuing banks can control the level of inflation in the country and provide an additional flow of currency if the state does not have enough money. However, consumer purchasing power is reduced, and the money in every person’s pocket is devalued.

In addition, this approach can lead to economic collapse and various negative effects: default, devaluation, and even hyperinflation. Some countries may depend on others to varying degrees and borrow money from each other.

Inflation

As mentioned earlier, money is devalued due to inflation. Inflation occurs when the supply of currencies far outstrips the demand. To reduce the risks, it is necessary to ensure a finite supply, as it is implemented in some cryptocurrencies: Bitcoin emission is limited to 21 million coins. Once the miners get the last bitcoin, it will be impossible to get new coins, and supply will be limited.

This means that as the demand for cryptocurrency grows, its rate will only climb. This is the principal value of cryptocurrencies. For example, Bitcoin blockchain holds a protection mechanism against deflation – halvings. Approximately every four years, the block reward is reduced by half. Accordingly, it becomes more and more difficult to mine new coins, and the emission slows down naturally. But the main disadvantage of this approach is the outdated Proof-of-Work (PoW) mining algorithm, which requires huge energy investments.

If we are talking about developed countries, their currencies remain relatively stable. However, not everything is so smooth in the developing countries: often they are hyperinflationary, which then practically devalues their currencies. Remember the stories of Greece and Zimbabwe, where inflation exceeded 10% per day. But Hungary holds the absolute hyperinflation record – from 1945 to 1946, the national currency’s value was halving every 15 hours, and total daily inflation reached an unimaginable 207%. This destroyed the state economy. Of course, the situation was exacerbated by the post-war period, yet such events are the best way to identify the shortcomings of the financial system.

Binding to currencies of a particular country

Whether you’re trading amateur or beginner in crypto, you might benefit from using automated trading bots like Zenbot. This is a refreshed deep dive into Zenbot functions and updates, including the most relevant info on pricing, trading strategies, and more. We also pit Zenbot and 3Commas in direct competition to spot your best trading bot.

Zenbot vs 3Commas: Promo Review

Both ZenBot and 3Commas are trading software providers designed to automate trading for the majority of crypto. Let’s talk about each briefly. 

What’s Zenbot Trading Bot? 

Zenbot is a relatively unknown crypto trading bot available for free on GitHub. It’s mainly used by seasoned traders with some coding experience. The bot has a bunch of reviews on Google and forums alike, which reflects the growing interest toward open-source software.

The bot was founded by David Vasquez, who has integrated artificial intelligence to refine the algorithm and unlock high-frequency trading to the masses. Users can run Zenbot on MongoDB and Node.js. Furthermore, the bot has increased exchange support for cryptocurrency exchanges like Binance, Bittrex, Gemini, Kraken, and eight more. 

What’s 3Commas Trading Bot? 

If you’ve been watching prospects of the nascent crypto for a while, you might have heard about the automated trading industry leader — 3Commas. It’s an indispensable tool in cryptocurrency — a trading platform to allow full-automation crypto trading robots. You can copy active crypto traders, build top investment portfolios, and shape your custom trading strategies for stressless sources of profits however you like. 

Let’s analyze Zenbot first, and address the 3Commas trading bots for comparison purposes later on. 

Zenbot Review 2025: An Inclusive Trading Bot Guide 

This Zenbot review peeks at key information in the form of tables, and explains details right after. Here is the list of pros and cons of Zenbot to get familiar with the bot. 

Today, distributed ledger technologies have penetrated deeply into many areas of our lives. Despite their young age, blockchains are already seen as an alternative to many older systems or processes, and the pace of transition to digital society is accelerating.

Inflation implies a “decline in the purchasing power of a currency or an asset” or the fact that “most currencies or assets usually lose their value over time.” Prevailing traditional (fiat) currencies constantly lose their purchasing power mainly because central banks print them into oblivion, without any restrictions. This means that the same amount of money today can buy less than before, and projecting forwards, even less can be bought in the future. All financial systems take the inflation phenomenon into account. Cryptocurrencies, which are mainly financial assets, also have a similar concept of inflation. After reading this article, we want our readers to better understand why inflation – or rather the increase in monetary supply – is essential in both traditional and token-based economies, so-called “tokenomics”.

What is inflation?

Inflation is defined as the growth of the money supply minus the growth of the total value of goods and services in an economy. You can think of it the following way: