Is the cryptocurrency epicenter moving away from East Asia? – Cointelegraph Magazine cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
Einen Tesla mit Bitcoin kaufen? Das ging nur sieben Wochen lang, bevor Firmen-Chef Musk aus Umweltbedenken die Reißleine zog. Plötzlich gilt die einst trendige Cyberdevise als schäbig. Obwohl der hohe Energiebedarf lange bekannt ist, könnte die Klimabewegung dem Bitcoin gefährlich werden.
Death knell for Chinese crypto miners? Rigs on the move after gov't crackdown cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
As bitcoin attempts its latest price rebound after a 40% slump in three days, its long-term potential as an investable asset is becoming linked inextricably to its cost for the rest of society.
This is increasing the pressure on policy makers to do more. The US Federal Reserve’s Lael Brainard nodded to this on Monday, when she warned that a proliferation of alternative payments systems might lead to fragmentation and increased costs for households and businesses, suggesting there was a need to expand crypto’s regulatory “perimeter”.
Bitcoin’s “dirtiness” is still the chief concern, however. The carbon footprint of power-hungry miners, which raised red flags during the pandemic melt-up in prices at the start of 2021, is now inseparable from the way politicians, investors and even the laser-eyed faithful view crypto.