BTC miners are ideal energy consumers, but regulators need to catch up — Hive
According to Hive’s CEO, data centers have the potential to enhance grid stability, especially as the transition to renewable energy introduces more volatility into power systems.
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No ‘blood coin’ for Kevin O’Leary as investor takes stand on Bitcoin energy consumption
“Blood coin,” “clean coin” and maybe even “virgin coin” will become commonplace phrases as Bitcoin's environmental concerns continue to rage. 1806 Total views 23 Total shares Shark Tank and Dragon’s Den personality Kevin O’Leary is taking a stand against what he terms “blood coin,” that being Bitcoin (BTC) mined in China. The investor declared that…
How to create an IT strategy for your business
Creating an information technology (IT) strategy is essential for any business that wants to stay competitive in today’s digital world. An effective IT strategy can help you leverage technology to improve efficiency, productivity and profitability. This article explains six steps to create an IT strategy for your business.Step 1: Define your business goalsSetting up a…
Bulls and bears fight over $34K Bitcoin price as $445M options expiry looms
Bitcoin (BTC) has been ranging from $30,400 to 36,400 for the last 12 days, and it has been difficult to pinpoint the exact reason for investors’ lack of appetite. Some analysts have pointed to the Grayscale Bitcoin Trust (GBTC) unlocking in mid-July finally giving institutional investors a chance to offload their funds, but this is not likely…
Experts say institutions drove Bitcoin’s rise to $19K and that alt-season is coming
Market analysts are attributing Bitcoin’s sudden surge above $19,000 to aggressive demand from financial institutions and leading companies in the United States. 1363 Total views 10 Total shares Analysts are pointing to demand from financial institutions and publicly listed companies as the primary forces behind BTC’s sudden re-test of its all-time highs.“The primary reason for…
Overstock CEO Reveals Estimated Date for Selling Retail Business to Focus on Blockchain
Patrick Byrne, founder and CEO of U.S. retail giant Overstock, is planning to sell the retail arm of his company to focus on blockchain by early next year, The Wall Street Journal (WSJ) reports Nov. 23.Byrne, known in the blockchain industry for his commitment to the technology, did not disclose the details of the agreement,…
The United States turns its attention to stablecoin regulation
The United States continues to be a global leader in embracing the cryptocurrency industry thanks to the work of Sen. Patrick Toomey, with the White House being at the forefront of crypto regulation. Last year, President Joe Biden signed a $1.2 trillion bipartisan infrastructure bill — and it included some new legislation that would impact…
Stablecoin less preferable form of tokenized money, BIS paper finds
Bearer instruments such as stablecoin harken back to the days of pre-central bank “free banking,” with all the risks that implies, a BIS working paper says. 219 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe singleness of money is the assurance that public and private money trade…
3 Reasons Bitcoin Price Could Be on the Verge of a New Uptrend
The price of Bitcoin (BTC) has risen by 170% in the last three months from $3,600 to $9,700. Despite this immense 3 month recovery, a series of fundamental factors point to the possibility of another uptrend in the near-term.Three reasons Bitcoin is likely to see an upsurge are increasing exchange outflow, miner revenue finding support,…