Business

Bitcoin as environmentally costly as beef production

Taken as a share of the market price, the environmental costs of mining the digital cryptocurrency Bitcoin are more comparable to the climate damages of producing beef than gold mining costs, according to analysis published ...

Business

Bitcoin plunges below $20,000

Bitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level since December 13, 2020.

Business

Coinbase Global plans to cut 1,100 jobs, or 18% of staff

Coinbase Global says it plans to cut about 1,100 jobs, or approximately 18% of its global workforce, as part of a restructuring in order to help manage its operating expenses in response to current market conditions.

Computer Sciences

Cryptography in the blockchain era

The advent of blockchains has ignited much excitement, not only for their realization of novel financial instruments, but also for offering alternative solutions to classical problems in fault-tolerant distributed computing ...

Business

Bitcoin falls below $30,000, lowest since July 2021

Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation.

Business

Cryptocurrency's dirty secret: Energy consumption

Though skeptics may characterize cryptocurrency as "fake money," "worse than tulip bulbs," or outright fraud, it is a very real business. The market capitalization of the almost 19,000 cryptocurrencies in circulation is currently ...

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