Bitcoin energy use could be slashed 99% if coding changed

www.proactiveinvestors.co.uk

The energy used by Bitcoin mining could be slashed 99% if the coding was changed, an environmental lobby group said. The campaign, called Change the Code Not the Climate, urged miners to change the software code to ‘proof of stake' rather than ‘proof of work' to cut Bitcoin's already massive carbon footprint.

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Bitcoin and Ethereum languish as crypto market follows suit - Proactive Investors

After weeks of mostly positive momentum cryptocurrencies fell on Friday, mirroring wider stock markets as Bitcoin failed to break past the key resistance level. The king of digital currencies eased 4.8% lower to US$44,854, while its closest rival by market value slipped 3.9% lower to US$3,266.


Bitcoin and Ethereum languish as cryptos remain still - Proactive Investors

Cryptocurrencies started the week stagnant as the overall bullish run at the end of last month languished. The king of digital currencies eased 0.4% lower to US$46,229, while its biggest cousin by market value, Ethereum, advanced 0.2% to US$3,505.


Bitcoin and Ethereum largely unchanged as investors stay on the sidelines - Proactive Investors

Leading cryptos continued to tread water, mirroring the cautious wider market, as investors try to second guess the economic fallout of Russia's invasion of Ukraine. Bitcoin rose 0.9% to US$46,659, slightly outpacing its smaller peer Ethereum, which gained 0.4% to US$3,518.

BitcoinBTC$29194.770000

Bitcoin: How environmentally-damaging is it and what greener alternatives are there? - Proactive Investors

Soaring energy prices and climate change are making Bitcoin's power problem an increasingly hot topic, even if some inventive entrepreneurs are finding ‘cleaner' sources of electricity. Several Bitcoin miners have been using green energy and non-renewable waste to produce the crypto king.


Bitcoin and Ethereum lower as inflation and Chinese COVID-19 woes weigh - Proactive Investors

Top digital currencies slumped, mirroring the wider markets, as rising inflation and the escalating Coronavirus (COVID-19) crisis in China spooked investors. Bitcoin lost 2.6% to US$45,426, while smaller peer Ethereum fell 4.3% to US$3,368.


Bitcoin and Ethereum continue to fall as US Fed rattles markets - Proactive Investors

Leading cryptos languished for a third consecutive day, mirroring cautious wider markets, as the US Federal Reserve revealed it is willing to continue raising interest rates in a bid to tackle rampant inflation. Bitcoin fell 4.4% to US$43,439 with peer Ethereum 4.5% lower at US$3,216.


Bitcoin and Ethereum edge cautiously higher - Proactive Investors

After three consecutive days of negativity, the leading cryptos looked keen to buck that trend on Friday, albeit, not by much. Bitcoin edged cautiously higher by 0.3% to US$43,565, while its closest rival by market value, Ethereum, slightly outpaced the top digital coin – advancing 1.34% to US$3,570.


Bitcoin and Ethereum languish but will Mexico accept the 'crypto king' as legal tender? - Proactive Investors

Cryptocurrencies continued to fall on Monday morning following a quiet weekend as all eyes turned to Mexico to see whether the nation will vote in favour of Bitcoin becoming legal tender. Bitcoin eased 1.2% to US$42,276, while its closest rival by market value, Ethereum, slipped 2.2% to US$3,179.


Bitcoin and Ethereum continue to plummet as investors seek safe havens - Proactive Investors

Cryptocurrencies continued to fall, with bitcoin dropping below a key support level, as investors dumped riskier assets ahead of the latest US inflation data.  Bitcoin was down 5.7% to US$39,914, while its closest rival by market value, Ethereum, gave up 5.5% to US$3,008.


Bitcoin and Ethereum at 3-week lows as inflation fears continue to weigh - Proactive Investors

Cryptocurrencies continued to languish at three-week lows as rampant inflation in the UK added to ongoing concerns over the health of the global economy.  Bitcoin edged just 0.3% higher to US$40,134, but still held above the key $40,000 support level.

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