The two data centres have a combined power capacity of 20 megawatts and currently house a significant proportion of the company s cryptocurrency mining.
Bitcoin crashes as Tesla suspends payments over climate concerns
In a statement posted to Twitter overnight, the electric car maker s billionaire boss Elon Musk said that the firm was “concerned about rapidly increasing use of fossil fuels for Bitcoin mining transactions
The Bitcoin price tumbled by more than 10% on Thursday after Tesla Inc (NASDAQ:TSLA) boss Elon Musk said the electric car maker will stop accepting payments in the cryptocurrency amid concerns over its impact on global carbon emissions.
In a statement posted to Twitter overnight, Musk said while the firm thought cryptocurrency was “a good idea on many levels”, it was “concerned about rapidly increasing use of fossil fuels for Bitcoin mining transactions, especially coal”.
How the ICP token is trying to rebuild the internet
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How the ICP token is trying to rebuild the internet
The crypto token, created by the Swiss Dfinity Foundation, has emerged from relative obscurity to become the world s eighth most valuable digital currency with a market cap of just under £26bn
A new cryptocurrency, the Internet Computer (ICP) token, has been making waves in the market this week after it appeared seemingly out of nowhere and landed on several notable crypto exchanges.
Since its listing on its first exchange on Monday, ICP has surged in value, jumping around 54% to £205.30 on Coinbase, although this is a steep fallback from the all-time high of £531 reached on Monday evening.
Crypto ETP sector expands as Bitcoin-linked fund begins trading in Frankfurt
The new EPT, launched by German group Iconic Funds, is physically backed by Bitcoin and is aiming to “remove the technical complications of investing in and holding Bitcoin for investors in an industry-leading cost-effective manner”
The growth of crypto-linked exchange-traded products (ETPs) took another step forward on Wednesday as a new Bitcoin ETP began trading on the Deutsche Boerse’s XETRA market.
The EPT, which is provided by German group Iconic Funds, is physically backed by Bitcoin and is aiming to “remove the technical complications of investing in and holding Bitcoin for investors in an industry-leading cost-effective manner”.