Monday’s trading session has marked a return to form for Bitcoin (BTC) and other top cryptocurrencies, mostly offsetting the losses incurred by the last week’s slump, according to crypto metrics platform CoinGecko.
New York-based bank, JPMorgan Chase & Co. (NYSE: JPM) will soon offer an actively managed bitcoin fund to private wealth clients. The institution will become the latest, largest, and unlikeliest U.S. mega-bank to embrace crypto as an asset class, after its CEO called bitcoin a ‘dangerous fraud’ less than four years ago. The Bitcoin’s FundRead More
Bitcoin mining's energy consumption has been a major concern given how climate change and pollution are key challenges of our times. With mining companies worldwide drifting towards environmental-frie
Historically speaking, one key objection to bitcoin has been its perceived massive energy consumption. Some people have suggested that the flagship cryptocurrency is causing an environmental disaster due to its proof-of-work consensus algorithm. The ecological concerns about bitcoin have driven developers to create alternative algorithms like Federated Consensus and Proof-of-Stake — which will be adopted […]
The effect of Bitcoin mining has been a matter of debate and controversy over the last months as publications as The New York Times warned against the environmental costs of Bitcoin and NFTs, while companies like Square believe the environmental impact could be positive. Soon after the recent direct listing of Coinbase in the NASDAQ [...]
Also, Citi is claiming that while the digital asset industry is expected to grow as a whole, Bitcoin’s dominance could continue to decline as it’s going to be affected by the usefulness of other cryptocurrencies.
Deutsche Boerse has decided against the delisting of Coinbase Inc shares from its Xetra and Frankfurt stock exchange after the cryptocurrency exchange offered the necessary reference code called LEI code for the missing data. Coinbase on Wednesday had acknowledged the data error and said, “We’re aware of an administrative error that has made it necessary
Jack Dorsey led Square Inc along with Ark Investment released a White paper on Bitcoin’s growing influence on bringing renewable energy usage to the forefront. The white paper comes in the wake of growing controversy around the high energy consumption by the bitcoin network, which mostly ignores the fact that the majority of Bitcoin mining
On Wednesday (April 21), Jack Dorsey, the CEO of Twitter and Square, who is a huge believer in Bitcoin, said that the flagship cryptocurrency “incentivizes renewable energy.” According to Bloomberg, on 16 May 2018, Dorsey, who is also the CEO of Twitter, shared his belief in Bitcoin with a crowd of crypto enthusiasts at the Consensus 2018 […]
Much has been said lately about Bitcoin’s impact on the environment. Mainstream media has been especially keen on declaring BTC’s consensus mechanism (Proof-of-Work) a potential danger for the future of the planet. A White paper published by Square and ARK Invest, as part of “The Bitcoin Clean Energy Initiative”, makes the opposite case and argues […]