Energy & Green Tech

China's bitcoin mining rush risks derailing climate goals

China's electricity-hungry bitcoin mines that power nearly 80 percent of the global trade in cryptocurrencies risk undercutting the country's climate goals, a study in the journal Nature Communications said on Tuesday.

Business

Bitcoins under the hammer in France

Governments might look askance at bitcoin, but it does not mean they do not want to cash in on its soaring value and France is set to pocket nearly $30 million from its first-ever action of the cryptocurrency, a minister ...

Business

Bitcoin passes $60,000 for first time

Bitcoin passed the $60,000 mark for the first time on Saturday, with analysts saying the giant US stimulus package helped boost the world's most popular virtual currency on its record-breaking run.

Business

What's all the buzz about Bitcoin?

Bitcoin stock surged earlier this month when Elon Musk electrified its prospects by pledging that Tesla, Inc. would soon take payment for its electric vehicles in the much heard about but little-known currency.

Energy & Green Tech

Bitcoin price boom 'locking in' vast energy consumption

The cryptocurrency market has been abuzz as Bitcoin gains popularity with investors, reaching an all-time high of over $58,000 apiece in February. In a commentary published March 10 in the journal Joule, financial economist ...

Business

Record-breaking Bitcoin tumbles on Yellen warning

Bitcoin tumbled Tuesday from its record-breaking run after US Treasury Secretary Janet Yellen warned that the "highly speculative" unit could be used for "illicit" purposes.

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