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ECB Says Digital Euro Will Be More Climate-Friendly Than Bitcoin
ECB Says Digital Euro Will Be More Climate-Friendly Than Bitcoin
News  •  Economy  •  Jul 13, 2021 by Thomas M

Likely to nobody's surprise, the European Central Bank's (ECB) research on the concept of a central bank digital currency (CBDC) has now reached its next step: the official launch of a digital euro project. In November last year, the ECB had initially launched a public survey

Bitcoin Mining Among the World's Greenest Industries, Mining Council Reports
Bitcoin Mining Among the World's Greenest Industries, Mining Council Reports
News  •  Bitcoin  •  Jul 01, 2021 by Joshua Chretien

Bitcoin mining has one of the highest sustainable energy mix of all global industries, according to the first report by the Bitcoin Mining Council.  The executive summary of the report provides a strong rebuttal to detractors of the industry, stating that “Bitcoin mining uses negligible amounts of energy, is rapidly

J.P. Morgan Says Bitcoin Is Too Illiquid to Be Legal Tender. Are They Right?
J.P. Morgan Says Bitcoin Is Too Illiquid to Be Legal Tender. Are They Right?

Illiquidity could place a “significant limitation" on Bitcoin's use as a medium of exchange in El Salvador, according to analysts from J.P. Morgan. The banking behemoth's report was released last Thursday and reported on by Bloomberg on Sunday. It references El Salvador's

News  •  Bitcoin  •  Jul 14, 2021
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J.P. Morgan Says Bitcoin Is Too Illiquid to Be Legal Tender. Are They Right?
J.P. Morgan Says Bitcoin Is Too Illiquid to Be Legal Tender. Are They Right?

Illiquidity could place a “significant limitation" on Bitcoin's use as a medium of exchange in El Salvador, according to analysts from J.P. Morgan. The banking behemoth's report was released last Thursday and reported on by Bloomberg on Sunday. It references El Salvador's

News  •  Bitcoin  •  Jul 14, 2021
ECB Says Digital Euro Will Be More Climate-Friendly Than Bitcoin
ECB Says Digital Euro Will Be More Climate-Friendly Than Bitcoin

Likely to nobody's surprise, the European Central Bank's (ECB) research on the concept of a central bank digital currency (CBDC) has now reached its next step: the official launch of a digital euro project. In November last year, the ECB had initially launched a public survey

News  •  Economy  •  Jul 13, 2021
Bitcoin Mining Among the World's Greenest Industries, Mining Council Reports
Bitcoin Mining Among the World's Greenest Industries, Mining Council Reports

Bitcoin mining has one of the highest sustainable energy mix of all global industries, according to the first report by the Bitcoin Mining Council.  The executive summary of the report provides a strong rebuttal to detractors of the industry, stating that “Bitcoin mining uses negligible amounts of energy, is rapidly

News  •  Bitcoin  •  Jul 01, 2021
Doubletalk of the Town
Doubletalk of the Town

Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most

Opinion  •  Economy  •  Jun 28, 2021
Mexico's Central Bank Blocks Ricardo Salinas’ Plan to Bring Bitcoin to Banco Azteca
Mexico's Central Bank Blocks Ricardo Salinas’ Plan to Bring Bitcoin to Banco Azteca

Banco de México, Mexico's central bank, was quick to shoot down plans voiced by the country's third-richest person Ricardo Salina for his bank Banco Azteca to become the first bank in Mexico to accept bitcoin. Late last week, Salinas spoke about Bitcoin as "an asset

News  •  Economy  •  Jun 28, 2021
As Miners Head West, Bitcoin Heads Towards Historic Difficulty Drop
As Miners Head West, Bitcoin Heads Towards Historic Difficulty Drop

Bitcoin is headed for what is expected to be the largest downward difficulty adjustment in its history. As China has effectively opted out of Bitcoin by instructing banks and payment service provides to cut off Bitcoin-linked transactions and ordering miners in various regions to shut down their operations, Bitcoin miners

News  •  Economy  •  Jun 27, 2021
Tanzania's Central Bank Working on President's Cryptocurrency Directive
Tanzania's Central Bank Working on President's Cryptocurrency Directive

Tanzania's central bank is reportedly working on a directive from the country's president Samia Suluhu Hassan to prepare for cryptocurrencies. The developments could hint at a possible reversal of the central bank's stance on Bitcoin, Reuters reports. In 2019, the Tanzanian central bank publicly

News  •  Economy  •  Jun 24, 2021
El Salvador to Send $30 Worth of Bitcoin to Its Citizens
El Salvador to Send $30 Worth of Bitcoin to Its Citizens

A national address to El Salvador's citizens saw a first today: a president conducting a tutorial on how to use a Bitcoin wallet. And not any Bitcoin wallet: as Bukele announced previously, the Salvadoran government is working on a wallet application for the country to support the addition

News  •  Economy  •  Jun 24, 2021
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