Bitcoin’s energy use is ‘staggering’ and a worry for big investors, Kleinwort investment chief says Feb. 27, 2021, 01:06 PM Bitcoin mining uses vast amounts of electricity. Olga Maltseva/Getty Images Bitcoin uses a “staggering” amount of energy each year, the chief investment officer of Societe Generale’s UK private bank said. Fahad Kamal said it means…
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Electricity needed to mine bitcoin is more than used by ‘entire countries’ | Technology It’s not just the value of bitcoin that has soared in the last year – so has the huge amount of energy it consumes. The cryptocurrency’s value has dipped recently after passing a high of $50,000 but the energy used to…
More infoAnalysis: Investors lukewarm on Tesla’s $1.5 billion bitcoin splurge – Reuters.com Investors in high-flying electric carmaker Tesla Inc are questioning whether Elon Musk’s $1.5 billion outlay into bitcoin will be as good for the company as it has been for the cryptocurrency. Read More…
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Michael Saylor responds to Warren Buffet’s take that bonds are broken as a store of value, then corporate treasury reserve strategies employing bonds no longer work to preserve shareholder value. This will lead to more companies adding Bitcoin to their balance sheet. Google Finance has added crypto prices to the finance.google.com domain. The section, titled…
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No place is safe from failing US infrastructure In the face of rising homelessness, increasing crime and inadequate public transit in San Francisco, many tech influencers are pulling up stakes to geographies that offer a seemingly more welcome climate to conduct business and make investments. But the ongoi… Read More…
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INSTANT VIEW-Bitcoin tops $50,000 for the first time – Reuters Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance amongst mainstream investors. Read More…
More infoBitcoin’s energy use is ‘staggering’ and a worry for big investors, Kleinwort investment chief says Bitcoin mining uses vast amounts of electricity. Olga Maltseva/Getty Images Bitcoin uses a “staggering” amount of energy each year, the chief investment officer of Societe Generale’s UK private bank said. Fahad Kamal said it means bitcoin clashes with the new…
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More infoCrypto Exchange Asks Customers To Return Bitcoin After Selling It At 88% Discount What Happened: The largest crypto exchange in Southeast Asia, Philippines-based PDAX, experienced a technical failure that led to Bitcoin trading at $6,000 – an 88% discount to its current price. Following the incident, PDAX asked its customers to return their Bitcoins, threatening…
More infoBitcoin Crosses $52,000 After JPMorgan Calls Current Price ‘Unsustainable’ – Yahoo Finance Bitcoin Crosses $52,000 After JPMorgan Calls Current Price ‘Unsustainable’ Yahoo Finance Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead CNBC Announces $5 Million Investment in Bitcoin | The Motley… Read More…
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