$ETH topped the first crypto ESG scoring system created by CCData_io and CCRI for institutional investors. $BTC was slammed for its energy consumption despite excelling in governance and social aspects. sndr_krisztian reports.
“The ESG Benchmark is a critical first step toward improving the resilience of the industry in the face of ESG challenges and criticisms from regulators, policymakers and media, who consider ESG requirements a top priority,” the report said.
The benchmark measured environmental, social and governance risks for and opportunities of digital assets, taking into account a range of metrics including decentralization, energy consumption, community engagement. Then, the points for each metric were aggregated and weighted for an overall score of maximum 100 points, making up the final grade from AA and E .Ethereum was the only blockchain that earned an AA grade, performing well in all three ESG factors.
to proof-of-stake technology, according to the report, which slashed energy consumption and made miners obsolete.Bitcoin received a B grade, earning high scores in social and governance aspects but slammed for its heavy energy consumption and hardware need. “This grading does not connote overall superiority, instead it represents a means of ranking digital assets according to ESG parameters,” the report said. “[It] equips investors with the tools needed to make informed decisions and allocate resources to assets which hold strong ESG scores.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto regulation bill revived, and new report sheds light on digital asset crime: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jacqueline Burns Koven, the head of cyber threat intelligence at Chainalysis, explains the data revealed in the company's mid-year crypto crime report.
Read more »
Coinbase Adds Ability to Direct Message Any Ethereum Address.coinbase will let any two Ethereum addresses send messages to each other with new wallet service. realDannyNelson reports
Read more »
UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites – Bitcoin NewsThe U.K.’s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs “illegally operating” in the country.
Read more »
BIS slams crypto in new report, says reality doesn't live up to vision'Flaws derive from the underlying incentives of validators rather than from technology,' the Bank of International Settlements said.
Read more »
Elon Musk's New ChatGPT Competitor Boosts AI-Related Crypto TokensSome AI-related crypto tokens gets a modest boost after elonmusk unveils his new artificial intelligence company xAI. by Aoyon_A
Read more »
Crypto crime down by more than 65%, Chainalysis saysCrypto crime has declined compared to previous years, Chainalysis says in a new report.
Read more »