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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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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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ATP goes live on SimCorp’s cloud-based SFTR solution

ATP goes live on SimCorp’s cloud-based SFTR solution

ATP, Denmark’s largest public pension fund, has gone live on SimCorp's SFTR solution. ATP’s go-live coincides with the reporting start date for the third phase of SFTR, on 11 January, where it joins several SimCorp clients who have smoothly transitioned to the cloud-based regulatory reporting platform, and successfully automated reporting to their chosen Trade Repository.