Bitcoin
Greenwich estate owner will accept bitcoin or Ethereum cryptocurrency as payment for $6.5 million property
Main residence at 241 Bedford Rd in Greenwich, CT Anthony Acocella / Modern Angles The Gold Coast of Connecticut soon might become the Crypto Coast if this real estate listing is any indication. The owner of a Greenwich estate is willing to accept cryptocurrency as payment for its $6.5 million asking price, in what an […]
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Dorsey, Saylor, Fidelity and others defend environmental impact of bitcoin mining in letter to EPA
These machines, known as mining rigs, work round the clock to find new units of cryptocurrency. Benjamin Hall | CNBC Some of the biggest names in bitcoin — including Jack Dorsey, Tom Lee, and Michael Saylor — have banded together to refute claims made by House Democrats calling on the Environmental Protection Agency to investigate […]
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The crypto industry wants to go green — but that’s easier said than done
BODEN, Sweden — Tucked away in snowy Swedish Lapland is a modern-day gold mine. But instead of picks and shovels, it’s filled with thousands of computers. These machines, known as mining rigs, are working around the clock to find new units of cryptocurrency — in this case, ethereum, the second-largest token globally. To do so, […]
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Can crypto clean up its dirty image?
Today, bitcoin uses up as much energy as entire countries. That has governments around the world concerned. It used to be possible to mine cryptocurrency with a decent laptop. Today, it’s a job done by huge operations running power-intensive machines around the clock. Bitcoin, the world’s biggest digital currency, now consumes as much energy as […]
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Warren Buffett gives his most expansive explanation for why he doesn’t believe in Bitcoin
Warren Buffett and Charlie Munger press conference at the Berkshire Hathaway Annual Shareholders Meeting, April 30, 2022. CNBC Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday […]
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Bitcoin adopted as legal tender by African country — the second to do so after El Salvador
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images The Central African Republic has become the second country in the world to adopt bitcoin as official currency, after El Salvador took the same step last year. […]
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Fort Worth is the first city in the U.S. to mine bitcoin, and will run mining rigs out of city hall
Fort Worth, Texas, is now the first city government in the United States to mine bitcoin — and in an almost poetic devotion to the initiative, Mayor Mattie Parker oversaw the construction of a small mining farm in City Hall. Three Bitmain Antminer S9 mining rigs will run 24 hours a day, seven days a […]
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Fidelity is offering 401(k) investors access to bitcoin, the first retirement plan provider to do so
A Fidelity Investments location in New York. Scott Mlyn | CNBC Fidelity Investments said Tuesday it will offer investors the option to put bitcoin in their 401(k)s, making it the first provider to offer crypto for retirement savings. The crypto offering will be available for 23,000 employers that use Fidelity to administer their retirement accounts […]
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Crypto exchange Kraken is set to launch in UAE as regional competition heats up
Jack Guez | Afp | Getty Images ABU DHABI, United Arab Emirates — U.S. cryptocurrency exchange Kraken is expanding into the Middle East and will open its regional headquarters in Abu Dhabi after receiving a full license to operate a regulated trading platform in the UAE. “We’re incredibly excited to be able to set up […]
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This real estate investor has a side hustle mining more than $110,000 in bitcoin every month
Compass Mining customer Eng Taing Eng Taing Eng Taing is in the business of making money. He runs his own private equity firm with $250 million in assets under management (according to his website), invests in real estate, has worked in data science and analytics at Apple — and he got into bitcoin back in […]
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