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Bitcoin’s Energy Consumption is Less Than Half of Banking Industry’s Energy Consumption

The report was published by Galaxy Digital, a crypto mining company of Michael Novogratz. Bitcoin’s energy consumption is below 114 TWh, whereas the traditional financial system consumes over 260 TWh & the gold industry consumes over 240 TWh per year. The crypto market lost $500 billion after Tesla discontinued…

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Fed Chair Powell Calls Bitcoin A Better Substitute to Gold Than the Dollar

Calling Bitcoin as too volatile and unassisted a currency for mainstream adoption, United States Federal Reserve chair, Jerome Powell, says it could be “a substitute for gold” but not the dollar. Powell reiterated his opinion last Monday at an event hosted by the Bank for International Settlements (BIS), speaking…

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The Gold to Bitcoin Trade

Bitcoin vs Gold This year and most recently, Bitcoin has made several headlines in mainstream media as the largest crypto asset rallies to set a new all-time high. Despite the March 12 global market sell-off which saw Bitcoin lost over half of its value, trading around the $3k neighborhood,…

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What is Happening with Bitcoin?

A major bitcoin update in recent times is that PayPal has announced to receive the approval of Bitlicense by NYDFS. Now, the payments giant has launched a new service that will allow users to buy and sell cryptocurrencies through PayPal’s digital wallet. US Government agencies have proposed changes in…

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Bitcoin’s Energy Consumption is Less Than Half of Banking Industry’s Energy Consumption

Fed Chair Powell Calls Bitcoin A Better Substitute to Gold Than the Dollar

The Gold to Bitcoin Trade

What is Happening with Bitcoin?

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