According to Investopedia, roughly 18.77 million Bitcoins have been mined worldwide. That’s a Lot of Bitcoins, Which Also Means A Lot of Power Bitcoin mining consumes around 91 terawatt-hours of power each year. That’s more than a third of the yearly power utilized for household cooling in the United States. It should come as no … Read more
According to a final statement, the Group of Seven (G7) finance ministers vowed to constantly monitor markets in light of recent volatility and reiterated their current commitment on currency rates. The financial chiefs of the Group of Seven (G7) agreed on Friday to carefully monitor markets in light of recent volatility and reaffirm their commitment … Read more
When markets are in freefall, it’s difficult to escape fear, uncertainty, and doubt (FUD), so another central banker slamming digital assets isn’t surprising. It begs the issue of why banks despite cryptocurrency so much. Although Bitcoin’s current price is just over $30,000, European Central Bank President Christine Lagarde believes it and other crypto assets are … Read more
Following the tragic collapse of the Terra ecosystem earlier this month, financial authorities in the United Kingdom have turned their attention to stablecoins. The Financial Conduct Authority (FCA) in the United Kingdom is working on a new regulatory framework for crypto and stablecoins with the Treasury. The increased drive for new restrictions follows the May … Read more