Cryptocurrencies are powered by blockchains, software that runs across a decentralized network of computers, enabling transaction data to be validated, recorded, and protected from attack. Platforms like Ethereum extend that functionality, allowing developers to build self-executing computer programs on the blockchain. Those programs are called smart contracts, and they form […]
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Europe must ban Bitcoin mining to hit the 1.5C Paris climate goal, say Swedish regulators
Faced with a sharp rise in energy consumption, Swedish authorities are calling on the European Union to ban “energy intensive” crypto mining. Erik Thedéen, director of the Swedish Financial Supervisory Authority, and Björn Risinger, director of the Swedish Environmental Protection Agency, said cryptocurrency’s rising energy usage is threatening Sweden’s ability […]
Global X Launches Blockchain & Bitcoin Strategy ETF
In a press release, Global X ETFs announced the launch of the Global X Blockchain & Bitcoin Strategy ETF seeks long-term growth potential by combining prudent management of bitcoin futures positions with exposure to disruptive companies on the cutting edge of the emerging blockchain technology and digital assets theme. The […]
Bitcoin vs. Altcoins: Which Is the Better Investment? | Cryptocurrency
The cryptocurrency market is still dominated by Bitcoin (BTC), but there are many other competing digital assets, called alternative coins, or altcoins. With so many alternatives out there, investors need a clear idea of how each altcoin differs from Bitcoin and what it can offer in a portfolio. Altcoins can […]
Why Are We Still Debating Whether Craig Wright Is Satoshi?
On Saturday, the Wall Street Journal ran a tantalizing headline: “Bitcoin Creator Satoshi Nakamoto Could Be Unmasked at Florida Trial.” Nakamoto, of course, is a pseudonym used by the person or people who laid out the basic principles of Bitcoin, helped develop it between roughly 2008 and 2011, then disappeared […]
What it means for investors
The first bitcoin upgrade in four years has just gone live. It is a rare moment of consensus among stakeholders, and it’s a big deal for the world’s most popular cryptocurrency. The Taproot update means greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart […]
Bitcoin stages ‘picture-perfect rebound’ at $58.5K as crypto liquidations top $875M
Bitcoin (BTC) recovered above $60,000 during Nov. 16 after a breakdown saw a trip to near $58,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily liquidations near $1 billion Data from Cointelegraph Markets Pro and TradingView tracked a resurgent BTC/USD as it reversed losses, which at one point topped 11%. After […]
Twitter CFO Says Investing in Crypto ‘Doesn’t Make Sense Right Now’
Investing some of Twitter Inc.’s corporate cash in crypto assets such as bitcoin “doesn’t make sense right now,” Chief Financial Officer Ned Segal said in an interview Monday. “We [would] have to change our investment policy and choose to own assets that are more volatile,” Mr. Segal said, adding that […]