What If Bitcoin Existed Alongside Unlimited Nuclear Fusion Energy

Proton quantum bitcon

Reddit user Bitcoin_Holder dropped a Reddit post titled “What happens to Bitcoin when energy is effectively free with nuclear fusion” and it went quasi viral. In no time, the post had 393 upvotes and 388 shares. A testament to people understanding that energy and Bitcoin are closely correlated; Bitcoin has proof-of-work and energy is the […]

Why Proof-of-Stake On Ethereum Is A Disaster

Moving the Ethereum protocol from proof-of-work to proof-of-stake will end in a disaster. If you are a big believer in Ethereum, you may think an article published on BitcoinNews.com would biased or pure propaganda. Therefore I’d like to disclose that I hold 10% of my portfolio in Ethereum or assets built on Ethereum which allows […]

The Bitcoin Zitadelle Conference is Back!

Bitcoin Zitadelle

European Bitcoiners and their kin from around the world will gather in Switzerland, home to masterfully crafted watches and historic banks, for the 2022 edition of the Bitcoin Zitadelle conference in coming days. The event will run from today August 11th to the 14th of August with nonstop action all the way until Sunday. The […]

Bitcoin Brings A Renaissance Of Fine Art

Masterpieces and sound money are closely related. As Dr. Saifedean Ammous observes in his book “The Bitcoin Standard” quality art requires the artist to attain a low time preference. “In times of sound money and low time preference, artists worked on perfecting their craft so they could produce valuable works in the long run.” “Modern […]

What Are Bitcoin UTXOs – Beginner’s Guide

Wasabi Thumbnails

What Is a Bitcoin UTXO? In Bitcoin, UTXO stands for “Unspent Transaction Output”. But what does that mean, and how does it work? In this explainer guide we will learn the basics of UTXO. Let’s get started. The best way to explain UTXO is to compare it to real life cash payments. Let’s assume you […]

China Warned Bitcoin is Going to $0

China Bitcoin Going to $0

It seems that China is not fully satisfied with its massive crackdown on Bitcoin mining and trading, they now have warned that Bitcoin is going to $0.  Despite the ongoing market value plunge, which has resulted in many investors losing a serious amount of money, the future of the market seems to be safe with […]

Prominent Bitcoin Mining Company Announces Resignations

Prominent Bitcoin Miner Restructures

Compass Mining, a prominent Bitcoin mining company, announced today that both their CEO and CFO will be stepping down. In a statement released by the company, they announced that their “Board of Directors has accepted the resignation of Chief Executive Officer Whit Gibbs and Chief Finance Officer Jodie Fisher.” The pair will be replaced by […]

Bitcoin 56x More Energy Efficient Than Traditional Banking

According to a new report, Bitcoin is 56 times more energy efficient than the legacy financial system. The energy consumed by Bitcoin (BTC) mining has been a point of debate for many governments and anti-BTC advocates. As a result, Michel Khazzaka, an IT engineer, cryptographer, and consultant, took the initiative of comparing banks to the […]

Riksbank, Sweden’s Central Bank, Wants To Ban Bitcoin

riksbank sweden ban bitcoin mining

The Central Bank of Sweden has suggested to ban proof-of-work mining algorithms to fight energy-consuming digital currencies such as Bitcoin. It has been suggested that POW (proof-of-work) mining consumes too much energy and should be banned in favor of less energy-intensive methods. Recently, the Swedish central bank tweeted that energy consumption had increased in recent […]

Bitcoin Mining Ban Will Hurt New York and Our Environment

Bitcoin Minin New York City

New York State lawmakers will soon vote on legislation that would impose a two-year moratorium on bitcoin mining operations. New York has always been an engine of both economic and technological development, which is why a ban would effectively drive away substantial investments and high-paying jobs for New Yorkers, affecting their growth in the process. […]