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E-waste from every two bitcoin transactions is the equivalent of throwing away an iPad

It’s no secret that cryptocurrency mining has a large carbon footprint. The process requires legions of electricity-hungry computers that work around the clock to unlock new coins by cracking math problems. Because these problems get increasingly complex over time, the system rewards energy waste: Any downtime makes the next coin harder to earn, and the…

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Bitcoin Miners Adapt Fast As EU Mulls ‘Climate-Friendly Cryptoassets’

Source: iStock/AtypeekThe European Commission will work to define standards for “climate-friendly cryptoassets.”Most mining companies in Europe are said to be already focused on mining with only renewable energy.“Cryptocurrency miners are able to adapt much faster as machines can be moved fairly easily.”As the European Union (EU) institutions are advancing their work on the much-discussed Markets…

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Bitcoin and Ethereum Struggle To Break Key Hurdles

Bitcoin price is struggling to clear USD 48,000 and USD 48,500.Ethereum traded below the USD 3,500 support, XRP is now well below USD 1.12.SHIB and AUDIO are still up over 25%.Bitcoin price failed to surpass the USD 48,000 resistance level. BTC is currently (11:53 UTC) moving lower towards the USD 47,000 support. Any more downsides…

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Bitcoin Pay: Why it’s No Longer Big in Japan

Source: AdobeStock / ink dropWhen it comes to bitcoin (BTC) adoption, few countries can hold a candle – in terms of commitment at least – to El Salvador, a nation where you can now pay for everything from dental care to recording studio time in BTC. But once upon a time, Japan was the country…

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Will Bitcoin make a pit stop at $85,000, before racing to $100,000

Even though Bitcoin has been making no major moves of late, the market’s bullishness on the coin continued making headlines, and all for the right reasons. After all, the king coin surprised the market before, with massive its moves that rendered skeptics silent.  Bitcoin to $100K, by the end of the year is a much-anticipated…

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Bitcoin is for barter, not currency: Mexico central bank chief

Bitcoin is akin to barter trade and is unfit for use as a currency, the head of the Mexican central bank has said, noting that digital currencies lack the values that all currencies must possess and are more similar to precious metals than they are to currencies. Bitcoin is not evolved money as its proponents…

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Bitcoin Fixes The Modern Fiat Ponzi Scheme

After a couple of years of studying Bitcoin and the U.S. dollar that I was raised to trust like it was some faceless god, I eventually started valuing everything in Bitcoin’s satoshis instead of the U.S. dollar.The biggest reason wasn’t because of Bitcoin either. It was the U.S. dollar’s system that did it to me.…

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Report: Bitcoin Adoption In Africa Grows 1,200% In One Year

The continent is the third-fastest growing bitcoin economy globally, powered by retail users seeking to save and transfer money.Bitcoin adoption in Africa has skyrocketed over the past year, growing over 1,200%, according to a report by Chainalysis. The increased activity in the region has been fueled by retail investors, who resort to bitcoin every day…

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Bitcoin, Ethereum Primed For Increased Volatility

Bitcoin and Ethereum look primed for volatility after prolonged consolidation. Key Takeaways Bitcoin and Ethereum are consolidating before their next significant price move. Clear support and resistance levels have been identified to anticipate a breakout. Due to the ambiguity in the market, patience is crucial for investors. The top two cryptocurrencies by market cap, Bitcoin…

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Microstrategy Adds to Bitcoin Stash, Now Holds $5.1B

Between July and September, MicroStrategy has added 8,957 Bitcoin to its holdings. MicroStrategy has purchased another 5,050 Bitcoin, bringing its total holdings to 114,042 BTC.  MicroStrategy Increases BTC Holdings  MicroStrategy has added a further 5,050 bitcoin to its holdings. The U.S. business analytics firm announced it had added a further 5,050 Bitcoin to its balance…