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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XRP News: Price Continues to Plunge After Coinrail Hack

xrp news price continues to plunge after coinrail hack

XRP News – Following the news of the Coinrail hack, the crypto market suffered a major dip. This dip has continued well into the week, with numerous coins plummeting Wednesday. Take, Ripple (XRP), for instance. The cryptocurrency is down nearly 10% in the past twenty-four hours.  In this article, we’re going to be looking at XRP news, as well as noting some recent comments from Brad Garlinghouse, CEO of the company Ripple, about the market. XRP News | XRP Daily Chart  Ripple (XRP) is currently selling for $0.52. This is…

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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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