Author: Radhika Pandey
Radhika Pandey
I am Radhika Pandey, a passionate journalist deeply immersed in the dynamic realms of cryptocurrency, blockchain, NFTs, and the metaverse. As the Senior Editor at Urbannovas, I take pride in curating insightful news and updates that resonate with our audience's interests and curiosity. With a commitment to staying at the forefront of technological advancements, I strive to deliver accurate and engaging content that empowers readers to navigate the ever-evolving digital landscape with confidence and clarity.
The cryptocurrency market was sent into a tailspin today as major digital currencies experienced a dramatic plunge, wiping out billions in market value and reigniting calls for tighter regulation of the volatile sector. Bitcoin, the world’s largest cryptocurrency, plummeted over 20% in a matter of hours, dropping below $30,000 for the first time in over a year. The sell-off didn’t spare other leading cryptocurrencies either, with Ethereum, Binance Coin, and Solana all tumbling by over 25%. The sudden crash, which analysts attribute to a combination of factors including rising inflation concerns, geopolitical tensions, and a broader tech stock sell-off, has…
As the frenzy around non-fungible tokens (NFTs) continues to sweep the digital art and collectibles world, a growing chorus of voices is raising concerns about the environmental impact of these blockchain-based assets. NFTs, which represent unique digital items like artwork, videos, or virtual real estate, have exploded in popularity over the past year, with sales reaching billions of dollars. However, the process of minting, buying, and selling NFTs comes with a substantial carbon footprint due to the energy-intensive nature of the underlying blockchain technology. “The environmental cost of NFTs is staggering,” warns Dr. Emily Richards, a climate scientist at Oxford…