Profiting From Energy Efficient Cryptocurrency Mining

Jiten Varu | |

When you think of cryptocurrency mining, what comes to mind? For many, energy inefficiency. And while Bitcoin mining requires a lot of energy, this label doesn’t apply to all cryptocurrency mining. As the blockchain industry innovates, energy efficient cryptocurrency mining opportunities have come to market that enable anyone to participate and profit.

Another Inflationary Sign From Cryptocurrencies

Tradier | |

Bitcoin and Ethereum are the leaders of the cryptocurrency asset class. As of November 5, the overall asset class had a $2.696 trillion market cap. 13,669 different cryptos make up the total value, but Bitcoin and Ethereum account for 62.4% as Bitcoin was worth around $1.152 trillion, and Ethereum had an over $528.25 billion market cap.

Kroger Hit With Fake News Release About Cryptocurrency Acceptance

Kimberly Redmond | |

The Kroger Company said Friday that a press release stating the grocery store chain would begin accepting cryptocurrency payments this holiday season was a hoax. 

The release, which was published early Friday on PR Newswire, a service used by many major businesses to distribute information to the media, “was fraudulent and is unfounded and should be di...

Binance To Demand Stricter Customer Background Checks To Combat Money Laundering

Reuters | |

Cryptocurrency exchange Binance said on Friday it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect, a move that comes after weeks of pressure by regulators globally.

Binance, the world's biggest crypto platform, has faced warnings and business curbs from financial watchdogs from Britain and Germany to Japan, who are concerned over the use of crypto in money laundering and risks to consumers.

AMC Entertainment To Accept Bitcoin as Payment by Year End

Kimberly Redmond | |

AMC Entertainment Holdings announced Monday it will soon have the technology in place at all US theaters to enable customers to buy movie tickets or concessions online using bitcoin.

During the company's second quarter earnings call, AMC’s chief executive officer Adam Aron said the chain will also offer support for Google Pay and Apple Pay at its theaters by the end of 2021.

Amazon Denies Report That It Plans To Accept Bitcoin Payments

Kimberly Redmond | | Inc (Nasdaq: AMZN) has denied a media report on Monday that the e-commerce giant was planning to accept bitcoin payments by the end of 2021.

The report from London’s City A.M. newspaper, a publication distributed for free on the London Underground, cited an unnamed “insider,” who also claimed Amazon had plans to eventually develop its own cryptocurrency.

Elon Musk Says Tesla Will 'Most Likely' Resume Acceptance of Bitcoin as Payment

Reuters | |

Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday.

Bitcoin was up 8% at $32,160.16, while ether surged 11.6% to $1,993.36. Tesla's shares were down 0.8% at $655.30 in extended trading.

Seven Out of Ten Institutional Investors Expect To Buy Digital Assets: Study

Reuters | |

Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study by Fidelity's cryptocurrency business found.

More than half of the 1,100 institutional investors surveyed globally by Coalition Greenwich on behalf of Fidelity Digital Assets between December and April said they had digital asset investments.

Elon Musk Says Tesla Will Resume Accepting Bitcoin When Miners Use 50% Clean Energy

Kimberly Redmond | |

Tesla Inc (Nasdaq: TSLA) boss Elon Musk announced Sunday that his electric car company will permit vehicle purchases using bitcoin once it can confirm that 50% of the energy used to mine for cryptocurrency is derived from clean energy sources.

In a tweet, Musk said, “When there’s confirmation of reasonable (-50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing bitcoin transactions.”

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