Musk tweeted Wednesday to say the car manufacturer has suspended its use
Purchasing with Bitcoins and other cryptocurrencies requires a lot of electricity
The cryptocurrency is mined by high-powered computers, the complexity of which means the processors require huge amounts of energy
Musk raised concerns about the increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel
Bitcoin, the world s biggest digital currency, fell 15% after his tweet
May 12, 2021
Facebook/NonFungibleNFTToken · Science, technology & engineering
In The Falcon and the Winter Soldier, Sharon Carter shows the duo her art gallery. Now, storing those paintings, let alone selling them, involves a lot of logistics and expenses. That wouldn’t be the case if she were selling digital paintings via non-fungible tokens or NFTs. And she could still rake in millions.
Sounds crazy? Not really.
A couple of months ago, auction house Christie’s sold a digital-only artwork for US$69 million (S$91.7 million) as an NFT. On Monday (May 3), photographer Jesse Frohman auctioned off an NFT with more than 100 icon pictures of Nirvana, which he calls The Last Session, several of which have never been seen before.
The chatter around Bitcoin’s negative impact on the environment intensifies, owners of John Deere tractors get doxxed, and it’s another LinkedIn list of Canadian tech companies looking for talent.
It’s all the tech news that’s popular right now. Welcome to Hashtag Trending! It’s Friday, April 23 and I’m your host Alex Coop.
A story in the New Yorker about the environmental impact of mining cryptocurrency is turning heads. As the cost of investing in bitcoin soars, so, does the potential to profit from the mining process. The process of mining, of course, is metaphorical, but the results can be every bit as destructive as with the real thing. According to the Cambridge Bitcoin Electricity Consumption Index, bitcoin-mining operations worldwide now use energy at the rate of nearly a hundred and twenty terawatt-hours per year. This is about the annual domestic electricity consumption of the entire nation of Sweden. In the United States, home to about seven per cent of the w
Exploring Venezuelaâs crypto ecosystem since the start of the pandemic Here are the events that marked the past year in the Venezuelan crypto space and the opinions of those who experienced them from the inside. 9438 Total views Analysis
In the year since the COVID-19 pandemic first disrupted almost every aspect of our lives, many things have happened within the crypto ecosystem around the world. So, what has the past year been like for crypto in Venezuela?
Even before 2020, Venezuela already had a number of businesses that accepted various cryptocurrencies as payment; however, considerably more have moved to adopt this form of payment over the past year. This includes everything from the hotel sector to famous pizza chain Pizza Hut announcing that it will accept Bitcoin (BTC), Litecoin (LTC), Dash and other cryptocurrencies as a form of payment.
Pushing back against climate activists concerned about Bitcoin’s carbon footprint, the head of research at Cathie Wood’s ARK Invest is arguing that the world’s largest cryptocurrency, far from being a danger to the planet, will help generate more electricity from renewable energy.
“Bitcoin critics often assert that bitcoin mining consumes more resources, specifically energy, than the benefits it creates,” Brett Winton, ARK Invest’s director of research, wrote in a blog post published on Wednesday. “Critics also assert that the computation required to secure Bitcoin, even if necessary, is environmentally damaging and ruining the planet. We believe that the opposite is true.”