The energy-intensive nature of Bitcoin mining has sparked heated debates. Supporters claim it brings climate advantages, enhances grid stability, curbs methane emissions, and promotes renewable energy. MIT have gone ahead and analyses these claims. Continue Reading
“Considering a ban on cryptocurrencies should be an option” – International Monetary Fund (IMF)… Recent Crypto Highlights from the G20 Meeting: The cryptocurrency industry might face critical times from July to September this year. The International Monetary Fund (IMF), Financial Stability Board (FSB), and Bank of International Settlements (BIS) are expected to release comprehensive reports...Continue Reading
The recent implosion of one of the largest global centralised cryptocurrency exchanges, FTX, has sent the cryptocurrency world spiralling. However, this is nothing new for Bitcoin, as despite this most likely being the worst black swan event in its infancy, it has survived multiple exchange implosions, deep bear markets and miscellaneous strict regulation.Continue Reading
Environmental Challenges in Bitcoin Miners A report from Arcane, published by CoinTelegraph, has indicated that While innovations in chipset manufacturing have helped reduce operational costs related to Bitcoin miners, a report has revealed the market’s potential to transform the energy industry. Bitcoin Miners are said to be responsible for approximately 137 terawatt hours of...Continue Reading
Bitcoin Mining Industry Reaches 59.5% Sustainable Energy The global Bitcoin mining industry had a sustainable electricity mix of 59.5% during Q2 of the year, or a marginal increase compared with Q1, according to the latest quarterly survey conducted by the Bitcoin Mining Council. The latest Q2 report also details how energy efficiency among Bitcoin...Continue Reading
State Senator Introduces Bill to Make Bitcoin Legal Tender in Arizona In the last 24 hours, state Senator Wendy Rogers, a Republican, has introduced a bill in Arizona that would make Bitcoin legal tender in the state. This follows another Republican, Don Huffines, a current candidate for Texas governor, exclaiming he would indeed...Continue Reading
Intel set to release “energy-efficient” Bitcoin mining ASIC Leading tech giant Intel, one of the largest computer processor manufacturers, is set to release their new specialised “ultra-low-voltage energy-efficient Bitcoin mining ASIC” known as the “Bonanza Mine”. Although Intel are yet to state anything publicly, Tom’s Hardware reporters noticed that they are...Continue Reading
AFL 5 YEAR $25M Partnership with Crypto.com Australian Football League (AFL) has landed a monumental five-year partnership with leading cryptocurrency marketplace and exchange, Crypto.com. Per the AFL’s website, “the new partnership will see Crypto.com become the Official Cryptocurrency Exchange and Official Cryptocurrency Trading Platform of AFL and AFLW”. The Singapore based cryptocurrency marketplace and exchange...Continue Reading
Crypto Market- Bitcoin Fundamental & Technical Report The crypto market bounced higher in the early hours this morning and is showing signs of a possible short term bottom. Volatility increased across all financial markets due to the highly anticipated FED interest rate decision, economic projections and policy statement. Risk assets surged higher post FED announcement...Continue Reading
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