Tag: bitcoins
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What’s the endgame of all the speculation & hoarding in Bitcoin
LONDON: Bitcoin’s wild ride this week is far from unusual for the largest crypto token – but the rollercoaster is also its inherent contradiction. Speculators betting for years on bitcoin becoming a stateless digital currency that’s widely used for online retail and payments are largely responsible for its parabolic price rises. But they also seed…
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Musk wants a greener bitcoin. Has he got a plan?
Elon Musk says Tesla Inc. won’t use or accept bitcoin until he can be sure it’s produced sustainably. He may be waiting some time. Musk announced his new position in a major U-turn on Wednesday, prompting speculation among some experts about whether he had a plan to wean the crypto industry off the fossil fuels…