County in Montana Delays Decision to Suspend Bitcoin Mining Operations

county in montana delays decision to suspend bitcoin mining operations

After a wave of Bitcoin mining operations set up in areas with affordable electricity, places like Montana’s Missoula County needed to make a decision over the impact these operations have on the region. Earlier this month, it was reported that Bitcoin’s (BTC) energy footprint had nearly doubled in six months and was expected to grow. According to the study, Bitcoin could be using up approximately 0.5% of the world’s energy by the end of the year, almost the same amount used by the Netherlands. Needless to say, most people might not…

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Did Tether (USDT) Really Manipulate the All-Time Price Highs of Bitcoin (BTC)?

did tether usdt really manipulate the all time price highs of bitcoin btc

Tether (USDT) & Bitcoin (BTC) – A new study has surfaced this morning putting Tether in the negative spotlight once again. Last December, Tether was subpoenaed by the U.S Commodity Futures Trading Commission to provide proof that the digital currency was in fact back by a reserve of U.S. dollars. Bitfinex was also subpoenaed due to it losing banking relationships, but continued to remain operational. CEO of Bitfinex, JL van der Velde, spoke out against the accusations last year in an emailed statement and said: “Bitfinex nor Tether is, or has…

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The Potential Launch of Bitcoin ETF’s Could Push the Coin Price higher

the potential launch of bitcoin etfs could push the coin price higher

The launch of Bitcoin ETF’s could drive Bitcoin (BTC) price higher. Although the SEC has previously denied permitting Bitcoin ETF trading, two asset management firms have collectively submitted a new application to introduce regulated Bitcoin ETF’s (Exchange-Traded Funds). SolidX Management LLC and New York-based asset manager Van Eck Associates Corp said their new product would cover all the concerns that the SEC has highlighted in their previous denial. “I believe that Bitcoin has emerged as a legitimate investment option, as a type of ‘digital gold’ that may make sense for…

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Bitcoin Needs a New Narrative to Restore Confidence, Analysts Say

bitcoin needs a new narrative to restore confidence analysts say

Bitcoin News: Bitcoin (BTC) obsession has been declining at a staggering pace since the start of this year; the largest coin couldn’t sustain trader’s attention and the confidence that it had attained in the final quarter of last year. Cryptocurrency market analysts are blaming declining trader’s interest for the bearish trend over the last couple of months. They believe Bitcoin needs substantial fundamental support to rebuild trader’s confidence, either from its network or through Wall Street investments. Declining Bitcoin Searches Isn’t a Good Sign Searches for Bitcoin plunged almost 75%…

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Bitcoin’s Energy Footprint Has Doubled – And it Might Not Stop

bitcoins energy footprint has doubled and it might not stop

Planet Earth has overcome many challenges in its lifetime. Now it faces a new one: Bitcoin’s energy footprint. The challenge comes courtesy of a new peer-reviewed study, released on Wednesday, June 6, 2018.  Bitcoin’s Energy Footprint – What You Need to Know Six months ago, Grist, an environmental magazine, wrote about Bitcoin’s energy footprint. Fast forward to June of 2018, and a new study has found that Bitcoin’s energy footprint has more than doubled since that article was first published. There’s more, though. The study also reported that Bitcoin’s energy footprint…

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Bitcoin isn’t a Panacea, XRP is Better than BTC – Brad Garlinghouse says

bitcoin isnt a panacea xrp is better than btc brad garlinghouse says

Bitcoin (BTC) is a perfect store of value, but it’s not a Panacea that could solve all the global financial problems, according to Ripple CEO Brad Garlinghouse. Brad Garlinghouse – who previously predicted that only a few altcoins would exist in the next few years, now says Bitcoin doesn’t have the potential to become the global currency. The CEO, however, thinks Bitcoin will continue to work as the store of value; saying “We as a world have decided to store the value to the tune of about $130 billion… that’s a store…

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