Crypto Currency

Bitcoin’s Soaring Energy Demand Sparks Regulatory Challenges

The energy footprint of Bitcoin mining is off the charts. The already gargantuan energy consumption of the process to mint new coins of the cryptocurrency more-than doubled over the course of 2023 on the back of strong prices. The United States, one of the world’s biggest hubs for cryptocurrency mining…

Published 2 years ago in
Bitcoin’s Soaring Energy Demand Sparks Regulatory Challenges

The energy footprint of Bitcoin mining is off the charts. The already gargantuan energy consumption of the process to mint new coins of the cryptocurrency more-than doubled over the course of 2023 on the back of strong prices. The United States, one of the world’s biggest hubs for cryptocurrency mining…
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Crypto Currency

Trump’s Fed pick Kevin Warsh is “not nervous” about Bitcoin while plotting a digital dollar takeover

President Donald Trump announced he will nominate former Federal Reserve Governor Kevin Warsh to lead the US central bank. In a Jan. 30 post on Truth Social, the president confirmed the selection, writing: Trump’s move follows months of internal jockeying over who would replace Chair Jerome Powell when his term ends in May…

Published 14 minutes ago in
Trump’s Fed pick Kevin Warsh is “not nervous” about Bitcoin while plotting a digital dollar takeover

President Donald Trump announced he will nominate former Federal Reserve Governor Kevin Warsh to lead the US central bank. In a Jan. 30 post on Truth Social, the president confirmed the selection, writing: Trump’s move follows months of internal jockeying over who would replace Chair Jerome Powell when his term ends in May…
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Crypto Currency

Bitcoin miners are making millions by shutting down because of a massive US winter storm

Earlier this week, a sweeping US winter storm pushed Bitcoin miners to curtail, pulling a noticeable chunk of computing power off the network in a short window. Data shows a 40% dip in hashrate between Jan. 23 and Jan. 25, with around 455 EH/s going offline…

Published 14 minutes ago in
Bitcoin miners are making millions by shutting down because of a massive US winter storm

Earlier this week, a sweeping US winter storm pushed Bitcoin miners to curtail, pulling a noticeable chunk of computing power off the network in a short window. Data shows a 40% dip in hashrate between Jan. 23 and Jan. 25, with around 455 EH/s going offline…
Read More

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Crypto Currency

Crypto market crashes erasing $220B as Israel strikes Gaza with ETH and XRP leading weekend losses

Ethereum and XRP just fell off a cliff in weekend trading, Bitcoin barely flinched, and the timing might matter Crypto has a habit of saving its worst moves for the hours when people are least prepared to deal with them. That was the vibe on Saturday…

Published 14 minutes ago in
Crypto market crashes erasing $220B as Israel strikes Gaza with ETH and XRP leading weekend losses

Ethereum and XRP just fell off a cliff in weekend trading, Bitcoin barely flinched, and the timing might matter Crypto has a habit of saving its worst moves for the hours when people are least prepared to deal with them. That was the vibe on Saturday…
Read More

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Crypto Currency

Tesla Overtakes Bitcoin to Secure 11th Spot on Global Asset Leaderboard

TLDR Tesla’s market value now stands at $1.6 trillion, surpassing Bitcoin at $1.5 trillion. Bitcoin drops out of the top 10 global assets, falling behind Meta and Taiwan Semiconductor. Widespread crypto market correction results in $2.5 billion in leveraged position liquidations. Bitcoin’s value declines sharply, reaching as low as $77,300 in recent trading…

Published 14 minutes ago in
Tesla Overtakes Bitcoin to Secure 11th Spot on Global Asset Leaderboard

TLDR Tesla’s market value now stands at $1.6 trillion, surpassing Bitcoin at $1.5 trillion. Bitcoin drops out of the top 10 global assets, falling behind Meta and Taiwan Semiconductor. Widespread crypto market correction results in $2.5 billion in leveraged position liquidations. Bitcoin’s value declines sharply, reaching as low as $77,300 in recent trading…
Read More

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