Cryptocurrency

Story

Global bitcoin transactions cost USD25m per day in electricity to process

Global bitcoin transactions cost USD25m per day in electricity to process

New data released by Trading Platforms indicates that it costs USD25.2 million per day in electricity to process bitcoin transactions. The consumption cost is based on bitcoin’s 30-day average transaction of 328,418 as of 17 January, 2021, and the energy footprint per 1 BTC transaction confirmation of 612 kWh equivalent to USD76.74.

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Genesis appoints COO

Genesis appoints COO

Genesis, a specialists in digital currency prime brokerage services, has appointed Dr Derar Islim to the newly-created position of Chief Operating Officer (COO). 

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Huobi Global partners with BCB

Huobi Global partners with BCB

Huobi Global has partnered with BCB Group, Europe’s leading crypto-dedicated payment services provider, to provide clients with European fiat on/off ramps and the ability  to send fiat to crypto counterparties via BLINC in real time, 24/7, 365 days a year.