The water consumed by a single bitcoin transaction could fill a small swimming pool Radharc Images / Alamy Buying or selling bitcoin uses 16,000 litres of clean water for every single transaction, which could exacerbate existing droughts around the world. While the energy consumption and carbon emissions produced by bitcoin […]
Bitcoin
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Bitcoin mining consumes massive amounts of energy, giving the asset a nasty reputation as a threat to the environment and an accelerator of climate change. A new United Nations report found cryptocurrency mining has extremely high costs in the form of astronomical amounts of water and land. The global water […]
U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing Rights TOKYO, Oct 24 (Reuters) – The dollar softened against a basket of currencies on Tuesday, mirroring a dip in Treasuries yields as investors awaited key U.S. economic data before the Federal Reserve’s […]
By John Abiona Updated: 21:50 BST, 20 October 2023 Bitcoin rose above $30,000 for the first time since August as it took gains for the year to nearly 80 per cent. The cryptocurrency – which has swung wildly in value since its creation – peaked at nearly $69,000 in November […]
New York CNN — The value of crypto assets surged Tuesday after a US court cleared a path for the nation’s first bitcoin exchange-traded fund. The ruling is a breakthrough moment for crypto investors and a setback for the Securities and Exchange Commission, which has been trying to rein in […]
Cryptocurrency prices plunged as investors liquidated more than $1 billion worth of digital coins on Thursday after it was reported that Elon Musk’s SpaceX sold off its bitcoin holdings. On Thursday, bitcoin fell 7.2% in its biggest one-day drop since November 2022 when top exchange FTX collapsed. Bitcoin then slipped […]
The Binance logo is seen in this illustration taken on March 31, 2023. Reuters/Dado Ruvik/IllustrationSINGAPORE, May 30 (Reuters) – Bitcoin prices on the Australian branch of Binance, the world’s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, a sign that customers were quickly liquidating their […]
Crypto heist couple Ilya Lichtenstein and Heather Morgan — who were charged with laundering $4.5 billion in hacked Bitcoin in 2016 — are reportedly preparing to plead guilty ahead of their next scheduled court appearance on Aug. 3. The so-called “Bitcoin Bonnie & Clyde” have been newly charged in the […]