Today's Hot Topics

Is Bitcoin harming the planet?

Bitcoin’s recent record highs risk increased environmental damage, according to new research. With the cryptocurrency reaching a record high of $6,600 in recent weeks, the sector is an increasingly tempting proposition for those inclined to invest in the outlay for a mining operation. However, this is not the best news for those counting Bitcoin’s carbon footprint. Recent research has highlighted the high cumulative energy cost produced by mining, with Digiconomist highlighting an industry-wide total outlay of 24.5Twh of energy. To foster an idea of scale, Nigeria is listed as the country of closest comparison for energy consumption [https://digiconomist.net/bitcoin-energy-consumption], with such...

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What would a new Fed governor mean for Bitcoin?

Donald Trump is widely expected to appoint a new chairperson of the Federal Reserve in the coming days. At the moment, the smart money is on former Fed governor Jerome Powell. Like almost everyone who is involved in the finance industry, Powell has shared his opinions on Bitcoin in the past and its safe to say that he's not a huge fan of Bitcoin or the concept of cryptocurrencies in general. "I have nothing against Bitcoin" While Powell is a cryptocurrency sceptic, he is not a zealot in the same league as JPMorgan chief executive Jamie Dimon. He has gone...

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Russian Duma orders Blockchain research

The Russian parliament, the Duma, has ordered that “expert analytical research and opinion polls” relating to Blockchain will take place in 2018. This marks another point in Russia's increasingly formalised and regulatory approach to anything cryptocurrency related, motivated largely by a desire to investigate how cryptographic technology is used to launder the profits of organised crime. The Duma’s financial markets committee and first vice-speaker, Aleksandr Zhukov, confirmed that the initiative is designed to research “standard legal regulation of Blockchain technology uptake on Russian financial markets based on global experience." This comes after a statement in October by Russian leader Vladimir...

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Amazon registers cryptocurrency domain names

In the world of technology and commerce, Amazon is an undisputed giant, and now it looks as though it’s set to expand its empire yet again with a potential move into the cryptocurrency sphere. With the behemoth having just secured three domain names relating to cryptocurrency, speculation is, unsurprisingly, rife, though it was only last month that the vice-president of Amazon Pay Patrick Gauthier publicly stated that the company had no plans to begin accepting the currency, due to a lack of demand. Yet the domain names are hardly subtle: amazonethereum.com, amazoncryptocurrency.com and amazoncryptocurrencies.com. Having registered for them on Tuesday...

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BitCoin - A world changing invention and it's not even 10 yet

You may not have noticed but Bitcoin, the world's highest-profile Cryptocurrency, reached its ninth birthday three days ago. The currency, which is now the subject of intense media speculation and regular barbs from major figures in the financial services industry, such as Jamie Dimon of JPMorgan, had a fairly subdued birth. Its launch was covered only by specialist tech publications and even they didn't really get it at the time. So what have nine years of Bitcoin taught us? We've rounded up the three biggest changes that Bitcoin has ushered in - just in case you need a little bringing...

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