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Bitcoin Water Footprint Adds Pressure to Mining Regulations: Report


Source: Pixabay / Michael Wuensch Popular Bitcoin (BTC) critic Alex De Vries says the asset uses about 16,000 liters of water which can fill a pool for each transaction on the network, a claim that has sparked diverse reactions.  In a study released on Nov 29, De Vries opined that Bitcoin has...

Iris Energy Acquires 7,000 Next-Gen T21 Bitcoin Miners in Deal With Bitmain


The Australia-based and Nasdaq-listed Iris Energy recently announced the acquisition of 1.3 exahash per second (EH/s) capacity in Bitmain’s latest Antminer T21 models. This purchase boosts Iris Energy’s proprietary mining capacity to a notable 8.3 EH/s. Iris Energy Secures 1.3 EH/s...

India Seeks Extradition of Prime Suspect in $240M Crypto Scam from UAE


Source: Pexels Indian authorities are intensifying efforts to bring the alleged mastermind behind a massive $240 million cryptocurrency scam back to the country. The special investigation team (SIT) of the Himachal police, after nearly two months of probing, has prepared a comprehensive 2,100-page...

Standard Chartered Anticipates Bitcoin Reaching $100,000 Sooner Than Expected


Standard Chartered Bank has doubled down on its bitcoin price forecast of $100,000 next year with increased optimism on the timing. “We now expect more price upside to materialize before the halving than we previously did, specifically via the earlier-than-expected introduction of U.S. spot...

BNB’s Tech Roadmap for Opbnb Targets 10,000 Transactions per Second


In a six-month roadmap unveiled on Nov. 29, the BNB Chain development team said it is targeting 10,000 transactions per second and fees of $0.001 on the layer two (L2) solution Opbnb. Sometime between 2024’s second and third quarters, the objective will be to lower the gas limit per block...

Bitcoin Price Prediction: BTC Nears $38K, Bull Run & ETF Hopes Up


In the ever-volatile world of cryptocurrency, Bitcoin once again captures headlines with its price surging to $37,861, marking a robust 1.8% increase on Wednesday. Investors and traders alike are riding a wave of optimism as Bitcoin edges toward the $38,000 mark, fueled by expectations of a shift...

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