According to the BBC, a new study by Alex de Vries of VU Amsterdam claims every Bitcoin transaction uses “enough water to fill a backyard swimming pool.” Bitcoin Water Usage Under Spotlight The outlandish claim stems from a hypothetical calculation of the amount of water needed to cool BTC mining …
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The global central bank tightening cycle that rocked financial markets, including bitcoin, last year seems to have peaked. U.S. financial conditions have eased despite the Fed’s higher-for-longer interest-rate mantra. The U.S. 10-year Treasury note looks set to extend its recent slide in a positive development for risk assets. Bitcoin’s (BTC) …