bitcoins

Bitcoin mining consumes more energy than 159 countries

It takes 29.05TWh annually to operate the energy-hungry computers and networks that power bitcoin transactions. The rise in its value has given way to an increase in electrical consumption that is used to “mine” more bitcoins, according to a report Source: Bitcoin mining consumes more energy than 159 countries

Bitcoin Businesses Refused Accounts as UK Banks Consolidate Power 

Because of its disruptive nature, Bitcoin and other cryptocurrencies sit very uneasily with the traditional banking sector as there is a fear the digital currency could render them obsolete. The UK boasts about its relative dominance in the fintech sector, but its own banks are making life difficult for the country’s bitcoin businesses. Source: Bitcoin …

Bitcoin Businesses Refused Accounts as UK Banks Consolidate Power  Read More »

RBI’s Circular on Bitcoin causes Exchanges to suspend operations.

India was promised to be the next giant in Bitcoins (after China). Sadly, that is not the case. A Christmas Eve present (read: circular) from the financial regulator (Reserve Bank of India) is creating confusion amongst the existing players and has resulted that Bitcoin buying/selling from these exchanges has been suspended. The circular in its …

RBI’s Circular on Bitcoin causes Exchanges to suspend operations. Read More »

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