Bitcoin

Cryptocurrency

Ethereum finds favour with institutional investors as cryptocurrency hits all-time high

Ethereum finds favour with institutional investors as cryptocurrency hits all-time high

As more institutional investors dip their toes into the cryptocurrency investing space, the range of assets they are investing in is expanding to include ether, the native asset of the Ethereum blockchain. Interest in Ethereum funds is driving an ongoing price rally, which reached all-time highs above USD1,800 this week.

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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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Reef Finance launches on Avalanche

Reef Finance launches on Avalanche

Reef Finance is integrating with the Avalanche blockchain (AVAX), enabling users to access decentralised finance (DeFi) applications in the Avalanche ecosystem directly through Reef's platform. The project is planning to roll out initial features on Avalanche in early Q1 2021.

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Bitcoin latinum launches

Bitcoin latinum launches

Bitcoin latinum, a next-generation bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity has announced its official pre-sale launch.