Steve Wozniak plans to launch blockchain-based platform in Malta

Wozniak’s startup Efforce will help reduce global carbon emissions by making energy consumption more efficient.
Wozniak believes that blockchain technology can decrease energy consumption without altering energy needs.

Rajarshi Mitra Independent Analyst

The co-founder of Apple, Steve Wozniak, is reportedly planning to launch a new blockchain-based startup in Malta. Efforce, the new project will be focusing on making energy consumption more efficient and clear, which will help in saving money and protect the environment. He's to join Jacopo Visetti, the company's co-founder and project lead.

According to The Malta Independent, a local news outlet, Wozniak spoke about how the blockchain technology can decrease energy consumption without altering energy needs. Wozniak said:

“Efforce is a unique business model and we can have a great impact on the entrepreneurship.”

Wozniak praised Malta for its effort and leadership in accommodating blockchain and crypto entrepreneurs by coming up with a clear and efficient regulatory framework for startup companies. Malta, well known as the 'Blockchain Island' has attracted blockchain industry giants like Binance and OKEx in recent times.

Malta's Junior Minister for 'Financial Services, Digital Economy and Innovation', Silvio Schembri was spotted alongside Wozniak at the Delta Summit event. He's a key force behind Mata's blockchain strategy.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

XRP consolidates as ETF inflows, rising derivatives interest offset selling pressure

Ripple (XRP) faces sustained selling pressure as bears maintain control on Monday. The remittance token has struggled to break above the $1.10 resistance since last Thursday, as risk sentiment weighs. Demand for XRP derivatives has gradually increased since last week, with the perpetual futures Open Interest (OI) averaging 2.4 billion XRP on Monday, up from 2.13 billion XRP the previous day.

Bitcoin Price Forecast: BTC remains below key 50-day EMA as headwinds from escalating US-Iran conflict offset ETF inflows

Bitcoin (BTC) trades just below its 50-day Exponential Moving Average (EMA) near $65,000 on Monday, a key technical level that could determine its next directional move. Institutional demand via ETFs improved somewhat last week, providing some tailwind for the Crypto King, but the latest round of strikes between the US and Iran has dampened risk appetite.

Crypto Today: Bitcoin, Ethereum, XRP slip as US-Iran escalating hostilities pressure risk assets

Cryptocurrency prices remain under pressure on Monday, as Bitcoin (BTC) falls toward $64,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), uphold a weakening technical structure. ETH is trading sideways between support at $1,826 and resistance at $1,937. Meanwhile, XRP hovers below the pivotal $1.10 level, edging lower toward the primary $1.00 support.

Solana Price Forecast: SOL risks further decline amid weak institutional, retail demand

Solana (SOL) price edges lower on Monday, maintaining a corrective tone from early July. Institutional demand remains muted, with two consecutive weeks of inflows under $1 million, while declining Open Interest and the funding rate point to bearish retail interest, even as trading volume rises by over 70% in 24 hours.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.