In an important announcement from Blackrock EWT a reference to the altcoin, this cryptocurrency caused a lot of attention.
Blackrock Mentions EWT in Bitcoin Disclosure
The statement detailed BlackRock’s plans to create a spot bitcoin private fund for US institutional investors, while Energy Web’s less environmentally damaging bitcoin Its potential to deliver mining strategies has been praised. Energy Web is a non-profit organization that builds operating systems for energy grids.
“BlackRock is encouraged by organizations such as RMI and the Energy Web to develop programs to bring greater transparency to the use of sustainable energy in bitcoin mining and will monitor progress around these initiatives,” the statement said, citing RMI, a group that advocates for energy sustainability.
The press release comes after the world’s largest asset manager, BlackRock, announced last week that the company has formed a partnership with crypto exchange Coinbase Global to offer cryptocurrencies to its institutional investors.
However, the token, which ranks 252nd by market capitalization according to CoinMarketCap, is not very popular.
What is EWT Altcoin?
Energy Web Tokens (EWT) is the Energy Web Chain’s native utility token. The token is used to pay transaction fees on the energy web network. Energy Web Chain is specially designed for the energy sector. This technology solution by the developers allows users to control and manage their electrical systems online.
Energy Web is working to provide certificates to a group of prominent Bitcoin miners. The company is exploring different ways to use accreditation to accelerate Bitcoin’s decarbonisation.
The company claims to have developed the world’s first public, enterprise-grade blockchain-specific tools suitable for the energy sector. Blackrock mentioned the Energy Web, referring to their program to bring more transparency to the sustainable use of energy in Bitcoin mining.
His company altcoin has gained more than 30% since it was mentioned by Blackrock and is trading at $3.50 at the time of this writing.
*Not investment advice.
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