Cointelegraph Daily
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3 selected videos
Bitcoin Price Soars Along its Energy Cost
Bitcoin’s price is not the only thing that’s increasing!
Bitcoin’s energy consumption is breaking records just like its price. Bitcoin transaction and mining require powerful computers.The amount of electricity used to mine Bitcoins is equal to 31.9 TWh.
It’s more than the energy used by 160 countries per year. It can even power up to $3 million U.S. households. Most of the mining is done in China.
Related topics : bitcoin mining computer power / bitcoin amount mined / bitcoin price
eBay to Accept Bitcoin
eBay to Launch Crypto Payments.
eBay is ‘seriously considering’to accept cryptocurrency as a payment.
Scott Cutler, Senior VP, emphasized the attractiveness of cryptocurrency among eBay customers.
Crypto payments already became a competitive advantage for retailers.
Overstock.com is the first to accept Bitcoin in 2014 and today is up more than 250 percent in the last six months.
In the meantime, Jack Ma, Alibaba co-founder, considers Bitcoin as ‘not for me’ currency.
Should eBay...
Related topics : accept bitcoin on ebay / accept bitcoin payments
Bitcoin whales own 40% of the market
1,000 people own 40% of the Bitcoin market.
People who own the majority of Bitcoins are known as whales.
If they sell even a quarter of their Bitcoins, they can change Bitcoin’s
price in the market.
Investors are now worried - they can’t
predict the whale’s next move but can
only track their addresses.
17.3% of cryptocurrencies are held by the leading 100 Bitcoin addresses.
The top addresses control 40% of Ethers and more than 90% of other coins.
Related topics : bitcoin market sell / bitcoin address changes
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