Tag Archive: cryptocurrency

There’s a new Bitcoin in Town

Posted By: Date: 03/21/2018 Leave a comment
bitcoin

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.

Bitcoin may not be so good for the Environment….

Posted By: Date: 03/16/2018 Leave a comment

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.