The Financial Stability Board and the International Monetary Fund are preparing to release a document urging worldwide cooperation on cryptocurrency policies during the upcoming G20 summit scheduled for this weekend.
Cryptocurrency Energy Consumption
Cryptocurrency Energy Consumption latest news, images, analysis about Cryptocurrency's Dirty Secret: Energy Consumption. by Jeremy Hinsdale | May 4, 2022. Comments. Though skeptics may characterize cryptocurrency as “fake money,” “worse than tulip bulbs,” or a “ greater fool ” scheme, it is a very real business. The market capitalization of the almost 19,000 cryptocurrencies in circulation is currently around $1.75 trillion — about the same as the gross domestic product of Italy, the world’s eighth largest economy.
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The report noted that the news of SpaceX, led by Elon Musk, writing off a portion of its Bitcoin holdings in the previous quarter, played an added role in fueling the correction within the cryptocurrency markets in August.
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The authorization establishes Coinbase as the pioneering crypto-centric platform to provide regulated and leveraged cryptocurrency futures in conjunction with conventional spot trading.
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0:47 - 1 year agoPrivate investors are reopening or taking over fossil fuel power plants to make Proof of Work based cryptocurrency, like Bitcoin.