Mike Novogratz, former hedge-fund manager and current billionaire as ranked by Forbes in 2007 as well as 2008 just took a major hit. Mike’s company took a $134 million hit in its first quarter! Way back in November when Bitcoin was on a major high,... Read More »
Tag Archive: cryptocurrency
Is this the new Bitcoin, or is this just a stunt gone wrong? Steven Seagal has endorsed a new cryptocurrency titled: ‘Bitcoiin 2Gen’… sounds legit right? We don’t have too much information about this new crypto since it’s in the process of an ICO (Initial Coin Offering) which means, it doesn’t quite exist as of yet. An ICO is a very unregulated means of raising funds for new cryptocurrencies.
According to multiple sources, the use of Bitcoin is leading to surging energy consumption. Some have equated Bitcoin mining practises to the use of Denmark’s entire energy consumption, yikes! This has been raising a lot of concerns about our eco-friendly future and the crypto’s sustainability. It is estimated that by 2020, Bitcoin will use as much electricity as the entire world. This is obviously a huge problem.