Crypto
The Bitcoin Grid power consumption fell to 11 GW yesterday, down 27% from 15 GW in April, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI). The index, which estimates how much energy Bitcoin uses minors, is managed by the Cambridge Center for Alternative Finance (CCAF). The CCAF estimates prices by determining a hypothetical maximum … Read more
There is cause for celebration for the largest cryptocurrency in the world. The Lightning Network has reached the 4,000 bitcoin (BTC) milestone, which means $120 million worth is ready for peer-to-peer payments. The Lightning Network first broke the 1,000 BTC barrier in August 2020 and the 2,000 BTC barrier in July 2021. Capacity doubled in … Read more
A survey conducted by Deloitte in conjunction with PayPal found that more than 85% of merchants “place a high or very high priority on enabling cryptocurrency payments.” Additionally, “nearly three-quarters of respondents said they plan to accept payments in cryptocurrency or stablecoins in the next 24 months.” Majority of Merchants Surveyed Consider Enabling Crypto Payments … Read more
Rapper Jay-Z and Twitter founder Jack Dorsey have teamed up to launch a bitcoin-focused financial literacy project called The Bitcoin Academy. The project consists of free bi-weekly classes, offered in-person and online, for residents of the musician’s childhood home: the Marcy Houses public housing complex in Brooklyn, New York. The team is unsurprising given the … Read more
Cointelegraph presents “Crypto Street”, a series of off-the-cuff conversations with strangers on the street to educate, entertain, and take stock of the world’s relationship with crypto. The first episode comes from the gates of the World Economic Forum (WEF) in Davos, Switzerland. Cointelegraph reporter Joseph Hall attempted to speak with the global elite where he … Read more
There is a high probability that global bitcoin adoption will increase significantly in the future and reach 10% by 2030, according to a report by Blockware Solutions, a blockchain infrastructure and bitcoin mining company. The report estimates that around 0.36% of the world’s population currently uses the bitcoin network. According to the report, past technology … Read more
This is an opinion op-ed by Hannah Wolfman-Jones, author of “System Override: How Bitcoin, Blockchain, Free Speech, & Free Tech Can Change Everything” and founder of We The Web. Academics will not be ahead of Bitcoin; there are too many incentives built into the university system that push them not to be. These include the … Read more
Adoption of Bitcoin (BTC) could occur faster than adoption of past disruptive technologies such as automobiles and electric power, with global adoption likely to reach 10% by 2030 according to a new report. In its June 8 report, Blockware Intelligence said it arrived at this prediction by examining the historical adoption curves of nine past … Read more
co-founder of Twitter and Block CEO Jack Dorsey partners with artist Jay-Z (Shawn Carter) to launch The Bitcoin Academy at Marcy Houses, the public housing complex in Brooklyn, New York where Jay-Z grew up. The initiative aims to provide financial education with a focus on Bitcoin as a pathway to financial freedom, with free in-person … Read more
Two bitcoin miners told Cointelegraph that if New York’s two-year proof-of-work mining bill becomes law, it will end up triggering an exodus of mining companies from the state and won’t do much. -thing to achieve the objectives of the moratorium. . GEM Mining CEO John Warren told Cointelegraph on June 8 that he and other … Read more