Bitcoin (BTC) mining uses up as much electricity as Austria in a year, at 73.12 TW/h, shows data collected by Digicomist.com. This exorbitant energy use is viewed as one of the strongest arguments that mining is an activity extremely damaging to the environment. But is that entirely true? Bitcoin Mining Achieves Synergy with Hydroelectric Stations Read more…
As we come to the end of another week on crypto markets bitcoin has held on to support. Many of the altcoins have taken a bit of a beating however, and total market capitalization has shrunk $5 billion since Monday. Bearish sentiment is abound but BTC may simply have just completed its 40% correction as Read more…
Notwithstanding the Friday dump which has just sent bitcoin price back below $8k, the global economy is in a bigger mess and is set to deteriorate even further. Central banks are pumping cash back into their systems, interest rates are going negative, and GDP figures are falling. Is BTC still a safe haven in times Read more…
Litecoin has been struggling throughout 2019, and its price has seen on a constant decline since the start of July. Litecoin community had great hopes for the halving which took place in August, but the event failed to have an impact on the altcoin’s price. Litecoin was trading at $53.85 at press time with a […]
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BlockFi, a nonbank lender of crypto assets, has announced that it’s opening a new platform for institutional investors. BlockFi Institutional Services is set “to give market-makers, funds, exchanges, and family offices access to enterprise-grade financing solutions for digital assets,” according to the company. Digital Assets Services for Institutional Investors The drive to serve cryptocurrency investors Read more…
Luxury electric car maker, Karma Automotive, now has a Bitcoin (BTC) payment option for its models. The firm is now ahead of Tesla, which has so far only toyed with the idea proposed by the crypto community. BTC Payments Part of the VIP Package Karma now offers new buyers and old customers the opportunity to Read more…
John McAfee – some see him as a legend, some see him as the most controversial figure in the crypto space. For sure, books will be written about his past decade: from his time in Belize to the prison in Guatemala, his US presidency campaign and his endless activities surrounding the cryptocurrency space. This interview Read more…
The signs were there. Another bearish downturn has been expected but it has been the altcoins leading the decline this time around as bitcoin price clings to support. A $6 billion crypto purge has resulted in a sea of red across the boards this morning. Bitcoin Price Back Below $8k Another day, another dump. Bitcoin Read more…
Layer1, a cryptocurrency infrastructure platform, has secured $50 million in series A funding in a bid to revolutionize the bitcoin mining space in the U.S. According to a Layer1 blog post published on October 15, 2019, the funding (which values the company at $200 million) came from legendary investor Peter Thiel, among others. This isn’t Read more…
Bitcoin is currently directionless – but the sea change is always around the corner. Back in 2015, BTC saw an unexpected pump where it broke above the $300 level for the first time. Halloween Pump Marks Historical Breakthrough In 2015, BTC broke its bounds and reached prices above $300 in what became known as the Read more…