Ice Lounge Media

Ice Lounge Media

Forests are the second-largest carbon sink on the planet, after the oceans. To understand exactly how much carbon they trap, the European Space Agency and Airbus have built a satellite called Biomass that will use a long-prohibited band of the radio spectrum to see below the treetops around the world. It will lift off from French Guiana toward the end of April and will boast the largest space-based radar in history, though it will soon be tied in orbit by the US-India NISAR imaging satellite, due to launch later this year.

Roughly half of a tree’s dry mass is made of carbon, so getting a good measure of how much a forest weighs can tell you how much carbon dioxide it’s taken from the atmosphere. But scientists have no way of measuring that mass directly. 

“To measure biomass, you need to cut the tree down and weigh it, which is why we use indirect measuring systems,” says Klaus Scipal, manager of the Biomass mission. 

These indirect systems rely on a combination of field sampling—foresters roaming among the trees to measure their height and diameter—and remote sensing technologies like lidar scanners, which can be flown over the forests on airplanes or drones and used to measure treetop height along lines of flight. This approach has worked well in North America and Europe, which have well-established forest management systems in place. “People know every tree there, take lots of measurements,” Scipal says. 

But most of the world’s trees are in less-mapped places, like the Amazon jungle, where less than 20% of the forest has been studied in depth on the ground. To get a sense of the biomass in those remote, mostly inaccessible areas, space-based forest sensing is the only feasible option. The problem is, the satellites we currently have in orbit are not equipped for monitoring trees. 

Tropical forests seen from space look like green plush carpets, because all we can see are the treetops; from imagery like this, we can’t tell how high or thick the trees are. Radars we have on satellites like Sentinel 1 use short radio wavelengths like those in the C band, which fall between 3.9 and 7.5 centimeters. These bounce off the leaves and smaller branches and can’t penetrate the forest all the way to the ground. 

This is why for the Biomass mission ESA went with P-band radar. P-band radio waves, which are about 10 times longer in wavelength, can see bigger branches and the trunks of trees, where most of their mass is stored. But fitting a P-band radar system on a satellite isn’t easy. The first problem is the size. 

“Radar systems scale with wavelengths—the longer the wavelength, the bigger your antennas need to be. You need bigger structures,” says Scipal. To enable it to carry the P-band radar, Airbus engineers had to make the Biomass satellite two meters wide, two meters thick, and four meters tall. The antenna for the radar is 12 meters in diameter. It sits on a long, multi-joint boom, and Airbus engineers had to fold it like a giant umbrella to fit it into the Vega C rocket that will lift it into orbit. The unfolding procedure alone is going to take several days once the satellite gets to space. 

Sheer size, though, is just one reason we have generally avoided sending P-band radars to space. Operating such radar systems in space is banned by International Telecommunication Union regulations, and for a good reason: interference. 

workers moving the BIOMASS satellite in a clean space
Workers roll the BIOMASS satellite out into a cleanroom to be inspected before the launch
ESA-CNES-ARIANESPACE/OPTIQUE VIDéO DU CSG–S. MARTIN

“The primary frequency allocation in P band is for huge SOTR [single-object-tracking radars] Americans use to detect incoming intercontinental ballistic missiles. That was, of course, a problem for us,” Scipal says. To get an exemption from the ban on space-based P-band radars, ESA had to agree to several limitations, the most painful of which was turning the Biomass radar off over North America and Europe to avoid interfering with SOTR coverage.

“This was a pity. It’s a European mission, so we wanted to do observations in Europe,” Scipal says. The rest of the world, though, is fair game.

The Biomass mission is scheduled to last five years. Calibration of the radar and other systems is going to take the first five months. After that, Biomass will enter its tomography phase, gathering data to create detailed biomass maps of the forests in India, Australia, Siberia, South America, Africa—everywhere but North America and Europe. “Tomography will work like a CT scan in a hospital. We will take images of each area from various different positions and create the 3D map of the forests,” Scipal says. 

Getting full, global coverage is expected to take 18 months. Then, for the rest of the mission, Biomass will switch to a different measurement method, capturing one full global map every nine months to measure how the condition of our forests changes over time. 

“The scientific goal here is to really understand the role of forests in the global carbon cycle. The main interest is the tropics because it’s the densest forest which is under the biggest threat of deforestation and the one we know the least about,” Scipal says.

Biomass is going to provide hectare-scale-resolution 3D maps of those tropical forests, including everything from the tree heights to ground topography—something we’ve never had before. But there are limits to what it can do. 

“One drawback is that we won’t get insights into seasonal deviations in forest throughout the year because of the time it takes for Biomass to do global coverage,” says Irena Hajnsek, a professor of Earth observation at ETH Zurich, who is not involved in the Biomass mission. And Biomass is still going to leave some of our questions about carbon sinks unanswered.

“In all our estimations of climate change, we know how much carbon is in the atmosphere, but we do not know so much about how much carbon is stored on land,” says Hajnsek. Biomass will have its limits, she says, since significant amounts of carbon are trapped in the soil in permafrost areas, which the mission won’t be able to measure.

“But we’re going to learn how much carbon is stored in the forests and also how much of it is getting released due to disturbances like deforestation or fires,” she says. “And that is going to be a huge contribution.”

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Arizona crypto reserve bill passes House committee, heads to third reading

One of Arizona’s crypto reserve bills has been passed by the House and is now one successful vote away from heading to the governor’s desk for official approval.

Arizona’s Strategic Digital Assets Reserve Bill (SB 1373) was approved on April 17 by the House Committee of the Whole, which involves 60 House members weighing in on the bill before a third and final reading and a full floor vote.

Arizona crypto reserve bill passes House committee, heads to third reading
Source: Bitcoin Laws

SB 1373 seeks to establish a Digital Assets Strategic Reserve Fund made up of digital assets seized through criminal proceedings to be managed by the state’s treasurer. 

Arizona’s treasurer would be permitted to invest up to 10% of the fund’s total monies in any fiscal year in digital assets. The treasurer would also be able to loan the fund’s assets in order to increase returns, provided it doesn’t increase financial risks.

However, a Senate-approved SB 1373 may be set back by Arizona Governor Katie Hobbs, who recently pledged to veto all bills until the legislature passes a bill for disability funding.

Hobbs also has a history of vetoing bills before the House and has vetoed 15 bills sent to her desk this week alone.

Arizona is the new leader in the state Bitcoin reserve race

SB 1373 has been passing through Arizona’s legislature alongside the Arizona Strategic Bitcoin Reserve Act (SB 1025), which only includes Bitcoin (BTC).

The bill proposes allowing Arizona’s treasury and state retirement system to invest up to 10% of the available funds into Bitcoin.

SB 1025 also passed Arizona’s House Committee of the Whole on April 1 and is awaiting a full floor vote.

Related: Binance helps countries with Bitcoin reserves, crypto policies, says CEO

Arizona crypto reserve bill passes House committee, heads to third reading
Race to establish a Bitcoin reserve at the state level. Source: Bitcoin Laws

Utah passed Bitcoin legislation on March 7 but scrapped the cornerstone provision establishing the Bitcoin reserve in the final reading.

The Texas Senate passed a Bitcoin reserve bill on March 6, while a similar bill recently passed through New Hampshire’s House.

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Slovenia’s finance ministry floats 25% tax on crypto transactions

Slovenia’s Finance Ministry is considering a possible 25% tax on crypto trading profits for residents in the country under a new draft law now open for public consultation. 

The bill proposes to tax traders when they sell their cryptocurrency for fiat or pay for goods and services, but crypto-to-crypto and transfers between wallets owned by the same user will be exempt, Slovenia’s Finance Ministry said in an April 17 statement.

Under the proposed legislation, crypto tax will be aligned with existing tax laws. Slovenia taxpayers will be required to keep a record of all their transactions for annual tax returns. The tax base would be calculated on profits by subtracting the purchase price from the sale price. 

In a statement to the Slovenia Times, finance minister Klemen Boštjančič said it’s unreasonable that crypto trading for individuals isn’t currently taxed in the country. 

“The goal of taxation of crypto assets is not to generate tax revenue, but we find it illogical and unreasonable that one of the most speculative financial instruments is not taxed at all,” he said in a statement translated from Slovenian.

New tax could stifle crypto in Slovenia, lawmaker says 

Jernej Vrtovec, a member of Slovenia’s national assembly and New Slovenia opposition party, slammed the proposal in an April 16 statement to X, arguing it could stifle crypto growth in the country. 

“Slovenia has the opportunity to become a crypto-friendly country, but with the government’s proposals, we will miss the train again,” he said in a post also translated from Slovenian.

“With excessive taxation, we will once again see young people and capital fleeing abroad. Taxes should encourage, not stifle.” 

Slovenia’s finance ministry floats 25% tax on crypto transactions
Source: Jernej Vrtovec

The proposal is open to public consultation until May 5. If Slovenian lawmakers pass the bill, it will go into effect on Jan. 1, 2026. 

Slovenia introduced a 10% tax on crypto withdrawals and payments in 2023, but capital gains from occasional crypto trading are not taxed, according to the crypto tax platform Token Tax. 

Related: NFT trader faces prison for $13M tax fraud on CryptoPunk profits

Crypto activity can also currently be exempt from tax if it’s considered a hobby. Business activity, such as mining or staking, is subject to income tax. 

A previous bill proposed in April 2022 planned to levy a 5% tax on profits over 10,000 euros ($11,372), but it was never passed into law. 

Slovenia issued the first digital sovereign bond in the European Union on July 25 last year. It had a nominal size of 30 million euros ($32.5 million) with a 3.65% coupon and a maturity date of Nov. 25 that year. 

The number of crypto users in Slovenia is projected to reach roughly 98,000 in 2025, according to online data platform Statista, with a penetration rate of 4.6% among its population of 2.12 million people. While the projected revenue for the country’s crypto market is slated to hit $2.8 million. 

Magazine: How crypto laws are changing across the world in 2025

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Bitcoin dip buyers nibble at BTC range lows but are risk off until $90K becomes support

Bitcoin’s (BTC) realized market cap reached a new all-time high of $872 billion, but data from Glassnode reflects investors’ lack of enthusiasm at BTC’s current price levels.

In a recent X post, the analytics platform pointed out that despite the realized cap milestone, the monthly growth rate of the metric has dropped to 0.9% month over month, which implied a risk-off sentiment in the market.

Coinbase, Cryptocurrencies, Bitcoin Price, Markets, Price Analysis, Market Analysis
Bitcoin realized cap net position. Source: X.com

Realized cap measures the total value of all Bitcoin at the price they last moved, reflecting the actual capital invested, providing insight into Bitcoin’s economic activity. A slowing growth rate highlights a positive but reduced capital inflow, suggesting fewer new investors or less activity from current holders.

Additionally, Glassnode’s realized profit and loss chart recently exhibited a sharp decline of 40%, which signals high profit-taking or loss realization. The data platform explained,

“This suggests saturation in investor activity and often precedes a consolidation phase as the market searches for a new equilibrium.”

While new investors remained sidelined, existing investors are probably adopting a cautious approach due to the short-term holder’s realized price. Data from CryptoQuant suggested that the current short-term realized price is $91,600. With BTC currently consolidating under the threshold, it implies short-term holders are underwater, which can increase selling pressure if they sell to cut their losses.

Coinbase, Cryptocurrencies, Bitcoin Price, Markets, Price Analysis, Market Analysis
Bitcoin short-term holders’ price and MVRV. Source: CryptoQuant

Similarly, Bitcoin’s short-term holder market value to realized value remained below 1, a level historically associated with buying opportunities and further proof that short-term holders are at a loss.

Related: Bitcoin US vs. offshore exchange ratio flashes bullish signal, hinting at BTC price highs in 2025

Bitcoin chops between US and Korean traders

Data shows a sentiment divergence between Bitcoin traders in the US and Korea. The Coinbase premium, reflecting US trading, recently spiked, signaling strong US demand and potential Bitcoin price gains.

Conversely, the Kimchi premium index fell during the correction, indicating lagging retail engagement among Korea-based traders.

This particular uneven demand is reflected in Bitcoin’s recent price action. The chart shows that Bitcoin’s price has oscillated between a tight range of $85,440-$82,750 since April 11. On the 4-hour chart, BTC has retained support from the 50-day, 100-day, and 200-day moving averages, but on the 1-day chart, these indicators are putting resistance on the bullish structure.

Coinbase, Cryptocurrencies, Bitcoin Price, Markets, Price Analysis, Market Analysis
Bitcoin 4-hour chart. Source: Cointelegraph/TradingView

Related: Bitcoin online chatter flips bullish as price chops at $85K: Santiment

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Kyrgyzstan’s president signs CBDC law giving ‘digital som’ legal status

Kyrgyzstan President Sadyr Zhaparov has signed a constitutional law authorizing the launch of a central bank digital currency pilot project while also giving the “digital som” — the national currency in digital form — legal tender status.

The law gives the National Bank of the Kyrgyz Republic the exclusive right to issue the digital som, establish the rules for its issuance and circulation, and oversee the platform on which the national currency will operate, Kyrgyzstan’s presidential office said on April 17.

However, a final decision on whether to officially issue the CBDC is not expected until the end of 2026, local outlet Trend News Agency reported in December.

If the central bank decides to adopt the digital som, it would also need to outline cryptographic protection measures to ensure the digital som remains secure and isn’t used for fraudulent transactions.

Testing of the digital som platform is expected to take place sometime this year.

Zhaparov’s sign-off comes nearly a month after Kyrgyzstan’s parliament, the Jogorku Kenesh, approved the amendment to Kyrgyzstan’s constitutional law on March 18.

CBDCs continue to be heavily criticized by some members of the crypto community, flagging concerns that they could undermine financial privacy and enable excessive government oversight, among other things.

While 115 nations have initiated CBDC projects, only four CBDCs have officially launched — the Bahamas Sand Dollar, Nigeria’s e-Naira, Zimbabwe’s ZiG and Jamaica’s JAM-DEX, data from cbdctracker.org shows.

Over 90 CBDC projects are yet to move past the research stage.

Kyrgyzstan continues to make moves in crypto

Earlier this month, former Binance CEO Changpeng “CZ” Zhao said he would begin advising Kyrgyzstan on blockchain and crypto-related regulation after signing a memorandum of understanding with the country’s foreign investment agency.

Zhaparov said the initiative would assist with the growth of the economy and the security of virtual assets, “generating new opportunities for businesses and society as a whole.”

Kyrgyzstan’s president signs CBDC law giving ‘digital som’ legal status
Source: Sadyr Zhaparov

Related: Bitcoin price levels to watch as Fed rate cut hopes fade

The mountainous, land-locked country is considered well-suited for crypto mining operations due to its abundant renewable energy resources, much of which is underutilized.

Over 30% of Kyrgyzstan’s total energy supply comes from hydroelectric power plants, but only 10% of the country’s potential hydropower has been tapped, according to a report by the International Energy Agency.

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OpenAI sought Anysphere deal before turning its sights on WindSurf

OpenAI was reportedly in talks to buy Anysphere, the company that produces the Cursor AI coding assistant, before entering into talks with rival company WindSurf.

According to CNBC, OpenAI approached Anysphere in 2024 and again in 2025, but talks stalled both times. Failing to arrive at a deal led OpenAI to look elsewhere for potential acquisitions.

Sources familiar with the deal also say OpenAI is prepared to pay $3 billion to purchase WindSurf, which would make it the company’s largest corporate acquisition to date.

OpenAI
An example of OpenAI’s ChatGPT producing computer code through simple text prompts. Source: ChatGPT

OpenAI’s attempted acquisition of an AI coding assistant company follows the release of DeepSeek R1 in January 2025, which shattered long-held assumptions about artificial intelligence.

DeepSeek was reportedly trained at a fraction of the cost of leading AI models while delivering comparable performance — challenging the belief that scaling requires massive computing power, rattling financial markets, and raising questions about the billions spent by US AI giants.

Related: OpenAI to release its first ‘open’ language model since GPT-2 in 2019

OpenAI inches toward profitability but cheaper competitors still a challenge

OpenAI expects to triple its revenue in 2025 to approximately $12.7 billion by selling paid subscriptions for its leading AI models to individuals and businesses.

The company surpassed 1 million premium business subscribers in September 2024. However, OpenAI CEO Sam Altman said the AI giant might not be profitable until 2029.

According to Altman, OpenAI needs revenues of approximately $125 billion to turn a profit on its capital-intensive business.

In February 2025, Altman said that AI development costs were dropping dramatically. “The cost to use a given level of AI falls about 10x every 12 months,” the CEO wrote in a Feb. 9 blog post.

Despite this, high costs and centralization issues continue to plague large-scale corporate AI developers, who must compete with more nimble open-source counterparts.

Dr. Ala Shaabana — co-founder of the OpenTensor Foundation — recently told Cointelegraph that the release of DeepSeek solidified open-source AI as a serious contender against centralized AI systems.

Shaabana added that the lower cost of open-source systems proves that AI does not need billions of dollars to scale or achieve high-performance benchmarks.

Magazine: 9 curious things about DeepSeek R1: AI Eye

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Expense management startup Ramp is being considered for a charge card pilot program by the U.S. government’s General Services Administration, the company confirmed to TechCrunch on Thursday. The government’s internal expense card program, dubbed SmartPay, is a $700 billion program. It is estimated that the charge card pilot program contract for which Ramp is being […]
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In a bid to more aggressively compete with rival AI companies like Google, OpenAI is launching Flex processing, an API option that provides lower AI model usage prices in exchange for slower response times and “occasional resource unavailability.” Flex processing, which is available in beta for OpenAI’s recently released o3 and o4-mini reasoning models, is […]
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