The exploding price of the cryptocurrency, bitcoin, in recent months has triggered doubts not only about the financial sustainability of the rally, but also about the environmental sustainability of the currency itself.
One alarmist article in Newsweek said that bitcoin computer operations could consume "all of the world’s energy by 2020". The website Digiconomist claims that bitcoin operations use as much energy as Denmark, or enough to power 3,071,823 US households.
The chairman of Swiss banking giant UBS said in an interview published Sunday that he does not consider the soaring cryptocurrency bitcoin as money and called for regulators to intervene.
"In my opinion, bitcoins are not money," Axel Weber, chairman of Swiss financial giant UBS, said in an interview to Swiss news agency NZZ am Sonntag on Sunday.
Progressive cryptocurrency, Bitcoin, is arguably one of the greatest financial phenomenons. However, there is great uncertainty over who created it and what their net worth is.
All that is known about the founder of this progressive financial phenomenon is the name, Satoshi Nakamoto. Beyond this, nothing further is known. Yet, in 2016, Australian entrepreneur Craig Wright claimed that he is Nakamoto. The truth of the matter remains a mystery.
A woman from Italy who ordered her boyfriend’s murder via a website and paid a hitman in the digital currency bitcoin was sentenced to six years in a Danish jail on Friday.
The Italian woman, who has remained unnamed, hired the hitman on a site called Crime Bay. She wanted the hitman to murder her boyfriend, so she sent the hitman a photograph of the intended victim along with his address. She insisted that the hitman use a silencer and that he succeed in killing the victim on the first attempt.
With the price of Bitcoin reaching the peaks of $19,086 earlier today, it should come as no surprise the flood oof cryptocurrency-related news would reach the point of using the human body to mine crypto.
We’ve reached a point where a Dutch startup believes that human beings should be like they were in The Matrix, simply batteries to run the system. Founded in 2015, the Institute of Human Obsolescence (IoHO) is based in The Hague and presents itself as an organization devoted to exploring how individuals can capitalize on biological, and data production labor through art and research projects.
Sirin Labs, the Swiss-Israeli technology firm founded and by led by Moshe Hogeg, said on Thursday it had so far raised about $115 million in an initial coin offering to support the development of a smartphone and other products using open source blockchain technology.
When Deutsche Bank’s Global Financial Strategist Masao Muraki looks at the bitcoin market, he sees a market that is being “held up” by certain forces. In a December 14 research note titled “The identity of who is propping up the Bitcoin market,” Muraki and his team want to know who is holding up the bitcoin market and why is investing in cryptocurrency. Japanese men in their 30s and 40s are the biggest drivers of the bitcoin boom.
Switzerland has been ranked for the past seven years as the world’s most innovative country by Cornell, the World Intellectual Property Organization and the INSEAD Business School.
So, Indian IT companies up North are looking up to Switzerland for the technical know-how in Robotics; economists consider Switzerland could emerge as a competitor to California, given the availability of technology, people and funding in Switzerland which are fuelling the robotics sector.
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