19 Jul 2025, 11:10

Loopring Price Prediction 2025, 2026 – 2030: Will LRC Price Hit $0.5 In 2025?

The post Loopring Price Prediction 2025, 2026 – 2030: Will LRC Price Hit $0.5 In 2025? appeared first on Coinpedia Fintech News Story Highlights The live price of Loopring is $ 0.09479057 . LRC coin could reach a high of $0.24458 in 2025. Loopring price with a potential surge, it might hit $1.85732 by 2030. Loopring is a protocol built on Ethereum that combines the speed of centralized exchanges with the security of decentralized systems. It uses zk-rollup technology to reduce fees and increase transaction speed, all while relying on Ethereum’s Layer 1 for security. With its wallet shutting down and core DeFi products being discontinued, the protocol is making a bold move toward something new. But does this risk come with a reward? Worry not, as we decode the possible LRC price prediction 2025 and the years to come! Table of contents Overview Loopring Price Prediction 2025 What Does The Market Say? CoinPedia’s LRC Price Prediction FAQs Overview Cryptocurrency Loopring Token LRC Price $ 0.09479057 -0.01% Market cap $ 129,586,144.3729 Circulating Supply 1,367,078,405.8257 Trading Volume $ 24,304,386.5667 All-time high $3.83 on 10th November 2021 All-time low $0.0198 on 18th December 2019 *The statistics are from press time. Loopring Price Prediction 2025 This expeditious and stable platform has the potential to reach $0.24458 by the year-end. On the contrary, the stoppage of service could plummet the price to $0.08153. However, the protocol would end up trading at $0.16305 by 2025. If the digital asset stays remote from any external influencing factors. Year Potential Low Potential Average Potential High 2025 $0.08153 $0.16305 $0.24458 Also read, Bitcoin Price Prediction 2025, 2026 – 2030! Loopring (LRC) Price Prediction 2026 – 2030 Year Potential Low ($) Potential Average ($) Potential High ($) 2026 $0.12230 $0.24458 $0.36687 2027 $0.18345 $0.36687 $0.55031 2028 $0.27518 $0.55031 $0.82547 2029 $0.41277 $0.82547 $1.23821 2030 $0.61915 $1.23821 $1.85732 What Does The Market Say? Firm Name 2025 2026 2030 Changelly $0.110 $0.144 $0.654 CoinCodex $ 0.169019 $ 0.106442 $ 0.039341 DigitalCoinPrice $0.107786 $0.113176 $0.137566 *The targets mentioned above are the average targets set by the respective firms. CoinPedia’s LRC Price Prediction Loopring is one of the young and promising tokens designed to develop crypto exchanges. This technological revolution would benefit the token in the coming years. According to CoinPedia’s Loopring price prediction. It may smash $0.24458 in 2025. On the downside, market fluctuations, regulatory compliance, and failure of collaborations or integrations can be major setbacks for the altcoin. Therefore, Loopring’s price may struggle to consolidate around $0.08153. Year Potential Low Potential Average Potential High 2025 $0.08153 $0.16305 $0.24458 FAQs Is Loopring a good investment? Yes, if you are planning for the long term, Loopring looks promising considering its vision to expand into a gaming firm. How high will the price of LRC reach by the end of 2030? The price of LRC could reach as high as $1.85732 by 2030. Is Loopring worth buying in 2025? Loopring has the potential to be a profitable short-term investment. As gaming and NFTs space has been taking up another step to revolutionize the gaming sector. What can be the maximum trading value of LRC, by the end of 2025? The altcoin could surge to its potential high of $0.24458 by 2025. Where can I trade Loopring? Loopring can be traded on various exchanges like Binance, Bybit, OKEx, and Huobi, amongst others. What is the price of Loopring? At the time of writing, the price of one LRC was $0.09487. LRC BINANCE

19 Jul 2025, 11:00

UMA Price Prediction 2025, 2026 – 2030: Will UMA Coin Hit $10?

The post UMA Price Prediction 2025, 2026 – 2030: Will UMA Coin Hit $10? appeared first on Coinpedia Fintech News Story Highlights The live price of the UMA token is $ 1.25353610 . The UMA price could reach a high of $5.63 in 2025. With a potential surge, the price may hit $20.55 by 2030. With the crypto market rising each day, the altcoins are regaining momentum and heading toward a new ATH. Further, as the increased confidence amongst investors gives generous support to many exciting projects like UMA. UMA, short for Universal Market Access, is a DeFi platform that lets users create synthetic assets and resolve off-chain data disputes using its Optimistic Oracle (OO). The Oracle system verifies real-world data and brings it on-chain; the UMA token supports this ecosystem and also allows holders to vote on changes. But what’s coming next for UMA coin? Wondering if UMA will reclaim its price runs from the past? Look no further, as we decode the possible projections for 2025 and the years to come. Table of contents Overview UMA Price Prediction 2025 UMA Price Targets 2026 – 2030 Market Analysis CoinPedia’s UMA Price Prediction FAQs Overview Cryptocurrency UMA Token UMA Price $ 1.25353610 -2.35% Market cap $ 110,685,416.6002 Circulating Supply 88,298,547.1523 Trading Volume $ 16,429,019.2342 All-time high $43.34 on 04th February 2021 All-time low $1.16 on 25th May 2020 UMA Price Prediction 2025 UMA is expected to carry out new integrations to design and build self-executing, self-enforcing financial contracts fixed by attractive incentives. And execute them on the ETH blockchain. Hence, the asset looks promising for the future. Successively, by the end of 2025, UMA might surpass the $5.63 mark. In contrast, it might take a fall to $2.00. Further, after considering the bullish and bearish targets the regular price could be at $3.81. Year Potential Low Potential Average Potential High 2025 $2.00 $3.81 $5.63 Also, read Holo Price Prediction 2025, 2026 – 2030! UMA Price Targets 2026 – 2030 Year Potential Low ($) Potential Average ($) Potential High ($) 2026 2.59 4.91 7.24 2027 3.42 6.30 9.18 2028 4.62 8.64 12.66 2029 6.03 11.20 16.37 2030 7.95 14.25 20.55 Market Analysis Firm Name 2025 2026 2030 Changelly $3.12 $6.45 $27.92 priceprediction.net $5.85 $8.25 $33.68 DigitalCoinPrice $6.73 $9.47 $20.23 CoinPedia’s UMA Price Prediction UMA might concentrate on certain partnerships and developments to increase its user base as well as the investors. According to the analysis of Coinpedia, the price of UMA might hit a maximum of $5.63 by the end of 2025. On the flip side, a reversal in trend might land the price at $2.00. Year Potential Low Potential Average Potential High 2025 $2.00 $3.81 $5.63 Also, read EOS Price Prediction 2025, 2026 – 2030! FAQs Is UMA an ERC-20 token? Yes, UMA is an ERC-20 token working on the Ethereum blockchain. Is it possible to mine UMA? Yes, can be mined with an incentive program called Developer Mining. Who is the founder of UMA Token? UMA was founded by Hart Lambur and Allison Lu. Is UMA a good investment? Yes, UMA might be a good investment if you are looking to invest for the long term. How high will the price of UMA reach by the end of 202 5 ? The price of UMA might soar as high as $5.63 by the end of 2025.

19 Jul 2025, 11:00

Crypto Expo Europe 2026: Eastern Europe’s Flagship Web3 Event Returns to Bucharest

BitcoinWorld Crypto Expo Europe 2026: Eastern Europe’s Flagship Web3 Event Returns to Bucharest Bucharest, Romania – March 1-2, 2026 – The countdown has begun for one of the most anticipated crypto events in Europe. Crypto Expo Europe returns to the Radisson Blu Hotel in Bucharest for its 4th edition—bringing together the brightest minds in blockchain, DeFi, and digital assets for two high-impact days of innovation, networking, and opportunity. Recognized as Eastern Europe’s premier crypto and blockchain conference, Crypto Expo Europe continues to attract top-tier talent, industry-leading platforms, and fast-growing Web3 startups from across the continent and beyond. Book your pass today using the code XXXX for 30% discount https://cryptoexpoeurope.com/ A Powerhouse of Insight and Innovation More than just a conference, Crypto Expo Europe is a strategic gathering point for crypto professionals, institutional leaders, tech builders, and investors. With a curated agenda that dives deep into Web3 disruption, AI x blockchain convergence, real-world asset tokenization, and regulation, this event offers real insights—and real opportunities. What to expect in 2026: A star-studded speaker lineup from top exchanges, DeFi platforms, and VC funds 80+ exhibitors showcasing the future of digital finance Investor pitch sessions and exclusive business matchmaking Over 3,000 attendees from across the crypto ecosystem From casual networking to high-stakes dealmaking, every moment at Crypto Expo Europe is designed to deliver value. A Legacy of Excellence Previous editions have welcomed industry giants such as Binance, Kraken, Crypto.com, 1inch, and Bitget—positioning the event as a trusted hub for blockchain progress in the region. Whether you’re launching a product, raising funds, scouting investments, or simply staying ahead of the curve, Crypto Expo Europe is where the future of crypto happens . If 2026 is your year to make moves in Web3—this is your starting line. Who Should Attend? Web3 Startups seeking visibility, partners, and funding Corporate Leaders exploring blockchain use cases VCs and Investors looking to discover the next big thing Builders and Developers ready to showcase tech and talent Media and Influencers tracking European innovation Event Details Radisson Blu Hotel, Bucharest March 1–2, 2026 https://cryptoexpoeurope.com/ [email protected] Connect with us on LinkedIn Don’t miss your chance to be part of Europe’s most dynamic Web3 event. Join us in Bucharest—where ideas spark, deals close, and the next wave of crypto innovation begins. This post Crypto Expo Europe 2026: Eastern Europe’s Flagship Web3 Event Returns to Bucharest first appeared on BitcoinWorld and is written by Keshav Aggarwal

19 Jul 2025, 10:40

Unveiling a Massive Crypto Whale Transfer: $250 Million USDT Shifts to Aave

BitcoinWorld Unveiling a Massive Crypto Whale Transfer: $250 Million USDT Shifts to Aave The cryptocurrency world is constantly buzzing with activity, and sometimes, a single transaction can send ripples across the entire market. Recently, the crypto community was alerted to a truly colossal event: a Whale Alert report confirming a staggering 250,000,001 USDT (Tether) transfer. This isn’t just any transaction; it’s a monumental Crypto Whale Transfer , valued at approximately $250 million, moving from the centralized exchange HTX to the decentralized finance (DeFi) lending protocol, Aave. Such a significant movement by a major player, often referred to as a ‘whale,’ naturally sparks curiosity and speculation. What does this mean for the stablecoin market, for Aave, and for the broader DeFi ecosystem? Let’s dive deep into the implications of this intriguing move. What Just Happened? Decoding This Monumental Crypto Whale Transfer At its core, this event is a straightforward transfer of a large sum of digital assets. However, the entities involved and the sheer scale of the transaction make it far more than routine. Here’s a breakdown of the key elements: The Asset: USDT (Tether) – As the largest stablecoin by market capitalization, USDT is pegged to the US dollar, aiming to maintain a 1:1 value. It’s a critical bridge between traditional finance and the volatile crypto market, often used by traders to enter and exit positions or to park funds without converting back to fiat. The Origin: HTX (formerly Huobi) – HTX is a prominent centralized cryptocurrency exchange (CEX). For years, CEXs have been the primary gateways for users to buy, sell, and trade cryptocurrencies, offering liquidity and a user-friendly interface. The Destination: Aave – Aave is a leading decentralized finance (DeFi) protocol, operating on various blockchains like Ethereum. It enables users to lend and borrow cryptocurrencies without intermediaries, relying on smart contracts to manage funds and execute transactions. The Amount: 250,000,001 USDT – The specific inclusion of ‘1’ at the end of such large figures is sometimes used as a unique identifier by whales or institutions for tracking purposes, adding a layer of intrigue to the transaction. The fact that this massive sum of USDT is moving from a centralized exchange to a decentralized protocol is particularly telling. It signals a potential shift in strategy by a significant holder, indicating a preference for or a specific intent within the DeFi landscape. The Anatomy of a Crypto Whale: Who Are They and Why Do They Matter? In the vast ocean of cryptocurrency, a ‘whale’ is an individual or entity holding a substantial amount of a particular cryptocurrency. Their movements, especially a large Crypto Whale Transfer , are closely watched because they can significantly influence market dynamics. But why do these digital leviathans command so much attention? Market Influence: Whales often have enough capital to move markets. A large buy or sell order can trigger price swings, impacting smaller investors. Liquidity Providers: By holding vast sums, whales contribute significantly to the liquidity of various assets, especially in DeFi protocols. Trendsetters: Their actions can sometimes signal upcoming trends or shifts in market sentiment. If a whale is accumulating a certain asset, it might suggest confidence in its future performance. Conversely, large sell-offs can induce panic. Ecosystem Participants: In DeFi, whales are crucial for the health and stability of lending pools, liquidity provision, and governance voting. While their identities remain anonymous (or pseudonymous) on the blockchain, their impact is anything but. Understanding their potential motivations is key to interpreting the broader market narrative. HTX to Aave: What Are the Strategic Implications of This Crypto Whale Transfer? The decision to move $250 million USDT from a centralized exchange like HTX to a DeFi protocol like Aave is not made lightly. It speaks volumes about the whale’s strategic objectives. Here’s why such a move to Aave, a leading decentralized lending platform, is significant: Centralized Exchanges (CEX) vs. Decentralized Finance (DeFi) for Large Holders: Historically, CEXs were the primary venues for large-scale crypto operations due to their high liquidity and familiar interface. However, DeFi offers unique advantages that are increasingly appealing to whales, particularly for generating yield and maintaining control over assets. Feature Centralized Exchange (CEX) Decentralized Finance (DeFi) – e.g., Aave Custody Exchange holds your keys (you don’t own your crypto) You hold your keys (self-custody) Yield Generation Staking/lending programs offered by exchange (centralized) Direct lending/borrowing via smart contracts (decentralized) Transparency Internal ledgers, less transparent All transactions on public blockchain, fully transparent Counterparty Risk High (risk of exchange hacks, insolvency) Lower (smart contract risk exists, but no central entity) Accessibility Requires KYC/AML, regional restrictions Permissionless, accessible to anyone with a wallet Composability Limited to exchange’s offerings High (DeFi protocols can interact with each other) Why Aave for this Crypto Whale Transfer? The most compelling reason for a whale to move such a large sum of USDT to Aave is likely to earn yield. Aave allows users to deposit cryptocurrencies and earn interest on them, which is paid by borrowers. For a $250 million deposit, even a modest annual percentage yield (APY) can translate into substantial daily earnings. Furthermore: Passive Income: Lending USDT on Aave provides a steady stream of passive income, far exceeding what traditional banking systems offer. Capital Efficiency: The whale might be planning to use the deposited USDT as collateral to borrow other cryptocurrencies for various strategies, such as yield farming, arbitrage, or even shorting. Decentralized Control: By moving funds off a CEX, the whale retains full control over their assets, mitigating the counterparty risk associated with centralized entities. Participation in DeFi Ecosystem: This move could also signal the whale’s intention to become a more active participant in the DeFi ecosystem, potentially engaging in governance, flash loans, or other advanced strategies. This strategic Crypto Whale Transfer underscores the growing maturity and attractiveness of DeFi as a viable and profitable alternative to traditional financial services, even for the largest capital holders. The Ripple Effect: How Does a Crypto Whale Transfer Impact the Market? A transaction of this magnitude doesn’t just happen in a vacuum; it sends ripples across the crypto landscape. Understanding these effects is crucial for anyone monitoring the market. Increased Liquidity on Aave: The immediate impact is a significant boost to Aave’s USDT lending pool. More deposited USDT means greater liquidity, potentially leading to lower borrowing rates for users and increased capacity for large loans. This strengthens Aave’s position as a leading DeFi protocol. Market Sentiment Boost for DeFi: A move of this size from a CEX to a DeFi protocol like Aave can be interpreted as a strong vote of confidence in the decentralized finance sector. It suggests that even the largest investors see long-term value and security in DeFi, potentially attracting more capital to the space. Reinforcing USDT’s Role: This transfer highlights USDT’s critical role as the primary stablecoin for large-scale movements and yield generation within DeFi. Its stability and widespread adoption make it ideal for such operations. Potential for Further DeFi Activity: The whale might not just be lending. They could be preparing for more complex DeFi strategies, such as leveraging their position, participating in liquidity pools for other tokens, or engaging in advanced yield farming techniques. This could lead to subsequent transactions that further impact various DeFi protocols. Security and Trust: While DeFi offers unparalleled control, it also comes with smart contract risks. A large deposit on Aave, however, indicates a certain level of trust in the protocol’s audited smart contracts and overall security framework, which can instill confidence in other users. While the immediate price impact on USDT itself is minimal due to its stablecoin nature, the psychological and structural implications for the DeFi ecosystem are profound. Navigating the Waters: Actionable Insights for the Savvy Crypto Investor For individual investors, observing a significant Crypto Whale Transfer like this offers valuable lessons and prompts for strategic thinking. How can you leverage this knowledge? Monitor On-Chain Data: Tools like Whale Alert, Etherscan, and other blockchain explorers provide transparency into large transactions. While not every whale move signals a market shift, consistent patterns can be insightful. Understanding how to read blockchain data can empower your investment decisions. Understand the ‘Why’: Don’t just observe the ‘what’; try to decipher the ‘why.’ Is the whale moving funds to a lending protocol for yield? To an exchange for selling? To a cold wallet for long-term holding? Each scenario has different implications. Assess Protocol Health: If a whale is moving funds into a specific DeFi protocol, it’s a good opportunity to research that protocol. Look at its Total Value Locked (TVL), audit reports, community activity, and historical performance. This particular transfer highlights Aave’s continued prominence. Risk Management is Key: While the allure of high yields in DeFi is strong, always remember the inherent risks, including smart contract vulnerabilities, impermanent loss in liquidity pools, and market volatility. Diversify your portfolio and never invest more than you can afford to lose. Stay Informed: The crypto landscape evolves rapidly. Regularly consume reputable crypto news and analysis to stay abreast of major developments, technological advancements, and regulatory changes that could impact your investments. By adopting a vigilant and analytical approach, you can better navigate the dynamic world of cryptocurrencies and make more informed decisions. Conclusion: The Enduring Impact of a Strategic Crypto Whale Transfer The 250 million USDT transfer from HTX to Aave is more than just a large transaction; it’s a powerful indicator of evolving strategies within the cryptocurrency market. It underscores the increasing trust and utility found in decentralized finance protocols like Aave, as large capital holders seek efficient ways to generate yield and maintain control over their assets. This particular Crypto Whale Transfer highlights the growing appeal of DeFi’s permissionless, transparent, and composable nature, offering a compelling alternative to traditional centralized services. While the immediate effects of such transfers might not always be visible in price action, their long-term implications for liquidity, market sentiment, and the overall adoption of decentralized technologies are undeniable. As the crypto ecosystem continues to mature, monitoring the movements of these digital giants will remain a crucial aspect of understanding market trends and anticipating future developments. Their actions serve as a constant reminder of the dynamic and innovative spirit driving the world of digital assets. Frequently Asked Questions (FAQs) Q1: What is a crypto whale? A crypto whale is an individual or entity that holds a significantly large amount of a particular cryptocurrency. Their holdings are substantial enough that their buying or selling activities can cause noticeable price movements or impact liquidity in the market. Q2: What is USDT and why is it important in this context? USDT, or Tether, is the largest stablecoin by market capitalization, designed to maintain a 1:1 peg with the US dollar. It’s crucial because it allows large sums of value to be moved within the crypto ecosystem without exposure to the volatility of other cryptocurrencies, making it ideal for large-scale transfers and yield generation. Q3: What is Aave and how does it function? Aave is a leading decentralized finance (DeFi) protocol that enables users to lend and borrow cryptocurrencies. Users can deposit their crypto assets into lending pools to earn interest, while others can borrow from these pools by providing collateral. It operates on smart contracts, eliminating the need for traditional financial intermediaries. Q4: Why would a whale move such a large amount from a centralized exchange (HTX) to a DeFi protocol (Aave)? The primary reasons often include seeking higher yield opportunities through DeFi lending, gaining self-custody over assets (reducing counterparty risk associated with centralized exchanges), and potentially preparing for more complex DeFi strategies like borrowing against collateral or participating in governance. Q5: Does a large Crypto Whale Transfer like this immediately affect the price of cryptocurrencies? While a large transfer of a stablecoin like USDT typically doesn’t directly affect its price (as it’s pegged to the dollar), such a move can significantly impact liquidity within the destination protocol (like Aave). More broadly, it can influence market sentiment, signaling confidence in the DeFi sector and potentially attracting more capital to decentralized applications. If you found this analysis insightful, consider sharing it with your network! Help us spread awareness about the fascinating dynamics of the crypto world by sharing this article on your social media channels. Your support helps us continue to deliver crucial market insights and educational content. This post Unveiling a Massive Crypto Whale Transfer: $250 Million USDT Shifts to Aave first appeared on BitcoinWorld and is written by Editorial Team

19 Jul 2025, 10:28

Pump.fun Token Dips 22% Post-ICO as LetsBONK Surpasses in Meme Coin Minting

Less than a week after its eagerly awaited ICO, Pump.fun’s native token, PUMP, has experienced a notable price setback. Key Takeaways: Pump.fun’s PUMP token has dropped over 22% since its ICO, trading near its initial price. LetsBONK has overtaken Pump.fun in meme coin creation volume amid a slowdown in Solana’s overall token minting. Pump.fun plans token utility upgrades, including buybacks and a “community takeover” feature to boost engagement. Once peaking above $0.006 shortly after its debut, the token has slipped more than 22% in value, trading near $0.004, effectively returning to its launch price, according to data from CoinMarketCap . The initial coin offering raised an impressive $600 million within just 12 minutes, selling 15% of the total 1 trillion PUMP supply to the public. Additionally, 18% of the tokens were sold privately, valuing the fully diluted market cap at $4 billion. Meme Coin Pioneer Pump.fun Loses Ground as Competition Heats Up Despite the explosive launch, the meme coin platform, credited with revitalizing Solana’s meme token scene earlier this year, has seen its dominance wane amid growing competition. Onchain data shows that LetsBONK , a competing platform focused on the BONK meme coin ecosystem, has overtaken Pump.fun in meme coin creation volumes starting about two weeks ago. The shift comes as overall daily token minting activity on Solana has declined. While LetsBONK’s long-term prospects remain uncertain, its rapid rise marks a significant achievement. Unlike previous challengers, LetsBONK managed to capture a sizable slice of the market share, with the BONK token itself rising 64% since the platform’s April debut. Ahead of its ICO, Pump.fun’s trading volumes had been steadily increasing. The team behind the project signaled plans to introduce new utility features for the PUMP token, including fee rebates, token buybacks, and other incentives designed to boost demand. On Tuesday, Pump.fun executed a significant buyback , transferring nearly 188,000 SOL, worth around $31.3 million, to a dedicated wallet. The repurchase of PUMP tokens at an average price of $0.0064 pushed the token’s price up by 17% to roughly $0.0067. The platform has pledged to allocate 25% of its protocol revenues to ongoing buybacks. However, fee revenues for Friday totaled about $968,000, below the protocol’s average. In a recent update, co-founder Alon Cohen unveiled a “community takeover” feature, allowing users to seize control of “abandoned” projects. The mechanism aims to channel creator fees toward the most active community members who contribute through raids, content creation, and development. CTOs are the lifeblood of pump fun – they formed most of the success cases on the platform and will continue to dominate but one major pain point is that these CTOs don’t have any funding. especially when the dev has abandoned the community and is continuing to earn fees, that… https://t.co/40OnPQEHHX — alon (@a1lon9) July 18, 2025 Pump.fun Announces First Acquisition Additionally, Pump.fun announced its first acquisition last week. The meme coin launchpad has purchased Kolscan , a Solana-based wallet tracker that monitors top on-chain traders. The integration will merge Kolscan’s analytics with Pump.fun’s social trading features, enhancing transparency, wallet tracking, and copy-trading capabilities. Co-founder Alon Cohen emphasized that trading is a “social sport,” highlighting the importance of community and shared insights in driving success within the ecosystem. As part of the deal, all Kolscan services will be made free to users. Pump.fun has already attracted tens of thousands of users and intends to build a scalable crypto social media platform, leveraging Kolscan’s tools to grow its community and influence. The post Pump.fun Token Dips 22% Post-ICO as LetsBONK Surpasses in Meme Coin Minting appeared first on Cryptonews .

19 Jul 2025, 10:20

Canadian county Westlock is expected to revisit its regulations

Canadian county Westlock is expected to revisit its regulations as deliberations are ongoing to allow crypto firms to build larger facilities in the region. This new amendment to its bylaw follows a rise in proposals for high-powered facilities. According to the new amendments , the larger digital infrastructure projects will take up space and operate in the industrial zones in the county. The Data Processing Facilities Bylaw was reintroduced by the Westlock County administration at the regular council meeting on July 8. The new amendment is expected to allow digital firms to enter the region and build larger facilities in the Canadian county. Canadian county revisits Data Processing Facilities Bylaw The amendment to the bylaw, which was initially passed on April 12, 2022, was presented to the councilors by Julie McLean, the general manager for the planning and community services department at Westlock County. According to records, a data processing facility is a dedicated space that is used to house computer systems and components for the digital transactions required for processing data. It includes processing digital currency, non-fungible tokens, and blockchain transactions. This new amendment is expected to have two divisions, which the data processing facilities can be categorized into based on the amount of electrical energy required. Any proposals for larger facilities that use one megawatt or more are categorized under Major Facilities, which are only allowed to operate out of the industrial land areas. In comparison, facilities that use less than one megawatt, which are classified under Minor Facilities, can be housed anywhere, depending on the discretion of the development authority. However, the Canadian county’s law states that agricultural lands can be rezoned to become industrial land, provided there is enough need for it and people’s concerns are looked into. “Agriculture land can be rezoned to industrial land, but it requires a public hearing process for the opportunity of adjacent land owners to voice concerns and for council to decide on the land use whereas a development permit application, like if it’s a discretionary use in the AG District, then the decision is just made by the Municipal Planning Commission,” McLean said. This new development is coming after McLean reported a rise in the number of proposals for larger facilities that have been brought to the county through the Alberta Utilities Commission (AUC). While the exact number remains unknown, one facility has been given the greenlight from the AUC for their power generation component use, but “they don’t have jurisdiction over the actual data processing portion of the use”, a decision that falls on the municipality. Noise pollution remains a major issue of data processing facilities One of the biggest impacts of data processing facilities still remains the noise pollution that comes with their operations. They generate a low hum noise that is annoying to residents within the surrounding areas, as well as the increase in traffic and construction noise. In section 7.21.16, a new addition would enable the development authority to request a noise mitigation plan that may include the need for a noise monitoring program. The Canadian county passed the first bylaw back in 2022 after an increase in proposals and applications for Bitcoin mining in the area. The move led to dozens of questions, concerns, and complaints from residents. County manager of planning and development Ted Traikovski told councilors at the time that his department was swamped with concerns and complaints over the Bitcoin mines. The Canadian county became one of the first to tackle the influx of bitcoin mining alongside Sturgeon County. Councilors have now carried the motion to give the bylaw a first reading and for the administration to schedule a public hearing connected to the new amendment. The Canadian county has said the hearing is expected to take place on September 9 at 9:30 AM. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More