In April, a Colorado-based bitcoin mining company announced it would expand operations to Corsicana, Texas, with the goal of using enough energy to light up to 200,000 homes.
XP, Brazil's largest market value broker, is planning to launch a cryptocurrency trading platform that will allow its clients to buy, sell and hold bitcoins and other cryptocurrencies.
It is to be expected that a new global reserve currency will be introduced to the world, completely alien to the average human being. The road to a Bitcoin standard is going to be extremely bumpy.
A group of eight environmentally-focused organizations asked several government agencies under the Biden administration to implement new approaches in response to proof-of-work (PoW) and other crypto-mining operations.
Authorities have sanctioned a cryptocurrency "tumbler" used by North Korea to launder stolen digital currencies, the first such action against a virtual currency mixer.
As Bitcoin has won millions of hearts economically and financially, policymakers and major financial institutions have continued to warn investors of the ripple effects its volatility could cause.
Bitcoin (BTC) mining is one of the most energy-intensive hobbies you can have. That's enough energy to create large-scale mining facilities for this very purpose.