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Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption


Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto...

Banking System Uses Significantly More Energy Than Bitcoin, Research Shows


A new report shows that the banking system consumes more than twice the amount of energy that bitcoin does. The authors analyzed bitcoin’s energy usage and compared it to the banking and gold industries. Banking System Consumes Much More Energy Than Bitcoin Galaxy Digital published a report...

Elon Musk Doubles Down on Dogecoin, Tweets About Ideal Improvements


Elon Musk, CEO of Tesla and Spacex, has doubled down on its bet that dogecoin can become a currency able to address Tesla’s new set of environmental requirements. The entrepreneur has tweeted he is now working with Dogecoin developers to improve the currency, hoping it can evolve to be more...

Square CEO Says ‘Bitcoin Changes Everything for the Better’


The CEO of Square Inc. says that “bitcoin changes everything for the better.” His comment followed one from Square’s CFO reaffirming the company’s corporate bitcoin strategy. The CEO also made a commitment to “forever work to make bitcoin better.” Meanwhile...

Bitcoin May Double This Year Despite Energy Concerns - Pantera CEO


Dan Morehead. Source: A video screenshot, Youtube/Real Vision Finance US-based major crypto investment firm Pantera Capital CEO Dan Morehead claims that the price of bitcoin (BTC) still might double this year despite the energy concerns. BTC has been stuck in a trading range for a while now,...

The Aspiring Answers to Bitcoin’s Enormous Energy Footprint


Following a tweet from Elon Musk highlighting Tesla’s suspension of bitcoin payment acceptance due to sky-high energy needs, the industry quickly responded by highlighting the capable solutions that already address this drawback. Musk’s Comments Conveniently Ignore Reality of Blockchain...

What Is Nano? Fee-Free Crypto Asset Gains 60% Intraday


Nano, a relatively obscure cryptocurrency, managed to catch the spotlight yesterday due to its singular transactional proposal. But, what is Nano really, and why did the token manage to skyrocket more than 60% in just a few hours? Nano and Its Fee-Free Approach Nano, a fairly unknown cryptocurrency...

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