How much energy does cryptocurrency mining consume in the U.S.? A recent analysis by the Energy Information Agency (EIA) estimates that large-scale cryptocurrency operations consume more than 2% of the country’s electricity. And as Ars Technica noted in a report on Friday (Feb. 2), that’s around...
An already edgey cryptocurrency market was given additional cause for fear Monday following reports that two Estonian nationals have been arrested for their alleged involvement in a massive international money laundering and fraud scheme. According to a Monday (Nov. 21) press release from the U.S....
Two Celsius officials withdrew $42 million in cryptocurrency before the company froze withdrawals and filed for bankruptcy, Coindesk wrote. Former CEO Alex Mashinsky and CSO Daniel Leon took the funds from custody accounts in the form of bitcoin, ether and CEL tokens. Mashinsky reportedly withdrew...
El Salvador is apparently readying a new Bitcoin law. Samson Mow, Chief Strategy Officer of Blockstream — the crypto asset firm overseeing El Salvador’s forthcoming, billion-dollar Bitcoin bond issuance — announced it in an English-language tweet on Jan. 3, according to El Salvador.com. The new...
August 15, 2018
Cryptos are down roughly 69 percent from this year’s peak, and the let down may not let up. Beyond bitcoin, and the altcoins, the coin of the realm is panic. Perhaps that’s because fundamentals are woefully lacking, or are deteriorating.
July 17, 2024
Cryptocurrency miners are reportedly scrambling to boost their revenues by forging deals with AI developers. As the Financial Times (FT) reported Wednesday (July 17), these miners operate vast, powerful computing sites and have struggled to turn a profit due to high energy costs and reduced rewards for mining. Now, the report says, the miners seek […]
February 04, 2024
How much energy does cryptocurrency mining consume in the U.S.? A recent analysis by the Energy Information Agency (EIA) estimates that large-scale cryptocurrency operations consume more than 2% of the country’s...
November 21, 2022
An already edgey cryptocurrency market was given additional cause for fear Monday following reports that two Estonian nationals have been arrested for their alleged involvement in a massive international money...
October 06, 2022
Two Celsius officials withdrew $42 million in cryptocurrency before the company froze withdrawals and filed for bankruptcy, Coindesk wrote. Former CEO Alex Mashinsky and CSO Daniel Leon took the funds...
