Source: BBC News Date: April 29th, 2022 Link: https://www.bbc.com/news/world-africa-61248809 Discussion Computer scientist Sydney Tickaya said he thought the adoption of the cryptocurrency was “premature” and “irresponsible”. Why might this be the case? Why are some countries moving towards using bitcoin?
Posts Categorized: Bitcoin
The giant crypto-mine in a desert
Source: BBC Technology News Date: March 18th, 2022 Link: https://www.bbc.com/news/av/technology-60172436 Discussion Crypto mining uses a lot of electricity. Why? Some US and Canadian states/provinces and towns/cities are either banning crypto mining, or providing tax incentives for crypto miners to come. Why are some trying to stop it and others trying to encourage it?
Canadian investment watchdog hopes advertising guidelines will rein in cryptocurrency’s wild west ‘bad actors’
Getting sick of those cryptocurrency ads that have all the grace and subtlety of carnival barkers or neon signs on the Vegas strip? So are securities regulators. The Canadian Securities Administrators and Investment Industry Regulatory Organization of Canada (IIROC) announced new advertising, marketing and social media guidelines for cryptocurrency exchanges Thursday. Ontario Securities Commission chair… Read more »
Tesla will no longer accept Bitcoin over climate concerns, says Musk
Tesla has suspended vehicle purchases using Bitcoin due to climate change concerns, its CEO Elon Musk said in a tweet. Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped. Tesla’s announcement in March that it would accept the cryptocurrency was met with an outcry from some environmentalists and investors. The… Read more »
Want to get rich investing in bitcoin? Read this first
In 2018, I did something that would make cautious investors cringe: With almost no savings to my name, I bought cryptocurrency. I don’t need to tell you that when you’re low on cash, whether you’ve got debt or are in your first job after university as I was, a get-rich-quick scheme is always more attractive… Read more »
How Bitcoin’s vast energy use could burst its bubble
For Bitcoin, it isn’t just the digital asset’s price that has hit an all-time high. So has its energy footprint. And that’s caused blowback for Mr Elon Musk, who recently bought $1.5 billion of Bitcoin, as the scale of the currency’s environmental impact becomes clearer. It also helped prompt a series of high profile critics… Read more »
Cryptocurrencies: Why Nigeria is a global leader in Bitcoin trade
Tola Fadugbagbe recalls moving to Lagos from his small south-western town 10 years ago with dreams of brighter prospects. Instead, the 34-year-old ended up in a series of odd jobs earning the minimum wage to survive – a typical story for many young Nigerians who are just trying to get by. It was not until… Read more »
Bitcoin ‘halving’: What does the much-hyped event mean?
Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins are created. The world’s biggest cryptocurrency’s so-called “halving” happens roughly every four years. The digital currency relies on what are known as “miners”, who run software that races to solve complex maths puzzles in return for Bitcoins. Monday’s halving… Read more »
Is blockchain living up to the hype?
Is blockchain – the technology underpinning the cryptocurrency – is fulfilling its promise, or a tech still looking for a better reason to exist. There have been some very grandiose claims made about blockchain. Source: BBC Business Technology Date: January 16th, 2020 Link: https://www.bbc.com/news/business-45919700 Discussion 1) Do you understand what the difference is between Bitcoin and Blockchain? 2)… Read more »
Coca Cola Using Blockchain for $21-Billion-Per-Year Network
With blockchain, Coke One North America expects to reduce the duration of order-reconciliation from 50 days to just a few days. An inter-organizational, transparent distributed ledger will give real-time insights into the transactions made by all the different bottlers on the network, which generates over $21 billion in revenue per year. Source: CoinTelegraph Date: November… Read more »
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