Ocean Thermal Energy Conversion (OTEC), a 150-year-old proposal hindered by economies of scale, converts the world's oceans into a massive renewable solar battery. This is how Bitcoin can unlock the energy of the ocean for 1 billion people.
The present volume and liquidity of the Bitcoin market raises doubts about whether the peer-to-peer currency can be extensively employed in global trade at this time. Nevertheless, Russia has chosen to accept Bitcoin and gold for natural gas.
Based on his ownership of the incredibly costly Tesla shares, Musk is the wealthiest person on the planet. But it seems that the billionaire has got into some hot water as Elon Musk, Tesla and SpaceX are being sued for $258 billion over Dogecoin crypto pyramid scheme.
With the aim of exploring opportunities to deploy blockchain technologies to address public-serving and emerging needs in California, the Governor has signed an executive order encouraging bitcoin and other crypto businesses.
A contract agreement obtained by Jack Poulson, director of the watchdog group Tech Inquiry, shows that the cryptocurrency exchange Coinbase is providing geo-tracking data to US government agencies without any restrictions placed on it.
The Russian tax office suggested in April that legal businesses in the country be allowed to receive Bitcoin and other cryptocurrencies as payment in international trade transactions. Now there's further attention on it as Russia is actively discussing the use of cryptocurrency in international trade.
Bloomberg has reported that Exxon is now mining bitcoin with excess gas which will not only increase revenues but also help the environment.
LinkedIn published a blog entry outlining its efforts to fight fraud. This had to be done after it was revealed that big crypto investment frauds are happening via LinkedIn.
As the Terra stablecoin becomes depegged from the U.S. dollar, the biggest buyer of bitcoin in recent months could become its biggest forced seller.
Bitcoin could continue to decline for an extended period of time due to the growing concern around the stability of global markets. Thus far, 80,000 Bitcoin millionaires have been wiped out in the great crypto crash of 2022.