Speculation that Bitcoin mining will lead to “uncontrolled growth” in electricity consumption may be overblown, recalling the hype that surrounded projections for data centers and marijuana growing. While Bitcoin miners currently use about as much electricity as Ireland, they are … Continued
last month flagged the risk of cryptocurrencies being used for money laundering, tax evasion and funding for terrorism. Still, he stopped short of backing a broad ban in the country. Bitcoin isn’t government-sponsored and some may use it to avoid … Continued
At Credit Suisse Group AG’s prime brokerage desk in midtown Manhattan, the phone hardly seems to ring anymore. Its hedge fund clients don’t call about Donald Trump’s tweetstorms and the stock market or ask what to do when terrorists attack. And there … Continued