Bitcoin is on a wild ride. The world's largest cryptocurrency skyrocketed to $68,990 last November. It now sits around $29,000, a staggering 58% drop from the peak.
Cryptocurrency exchange company Coinbase suffered a major disruption as the value of digital coins plummeted. The company's value has also fallen, with its shares falling 60% this week alone.
Norway has now almost finally decided to legalize the mining of cryptocurrencies, because the Norwegian parliament rejected a corresponding ban proposal by a majority this week.
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.
The Queen's Speech is written through the authorities and examine through the monarch as a part of the respectable establishing of the kingdom parliament.
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.