This piece, ‘Elon Musk: Crypto Leaders Need to Ensure the Bitcoin Boom Is Sustainable’, provides key background information and research regarding the facts of bitcoin’s energy usage, and how legislators often get key facts wrong.
“Bitcoin, cryptocurrencies and other digital assets are in the midst of another global boom, so it is in everyone’s interest both inside and outside of the industry to make it more friendly to the environment,” they wrote.
They cite that while Bitcoin would rate as a top 30 ‘country’ for energy consumption, the currency has a $1 trillion market cap, putting it between the value of GDP for the Netherlands and Mexico, ranking 17th overall.
They note that by being open-minded, legislators could help be like the State of Wyoming who has brought in tens of billions of dollars worth of digital assets to their state’s economy since 2017.
With their venture of Gryphon Digital Mining, they are recruiting partners to create the world’s largest and fully integrated pure-play bitcoin miner with a zero-carbon footprint.
Gryphon Digital Mining has entered into a merger agreement with Sphere 3D through which Gryphon shareholders are expected to become the controlling shareholders of Sphere 3D, which is expected to maintain its Nasdaq listing.
So much so that before the 2018 World Cup last-16 clash against Uruguay, the 66-year-old coach made a bet with Portugal’s press officer, Onofre Costa, believing that he would not be asked for the umpteenth time in Russia about his side’s dependence on Cristiano Ronaldo.
In last week’s article on three stocks to avoid, I predicted that GameStop would have a rough few days.
Majeed said Dubai needs to work harder to attract listings amid growing competition from within the Gulf region such as Abu Dhabi and Saudi Arabia where Tadawul, the region’s biggest exchange based on market value, wants to become a regional hub.
— Oil traded above $71 a barrel as some of the most prominent voices in the market said they expect prices to continue to rise.West Texas Intermediate was 1% higher, earlier touching its highest level intraday since 2018.