Business
Will China’s great emissions wall crash the Bitcoin price?
The Bitcoin (CRYPTO: BTC) price is down 1.4% over the past 24 hours. However, it’s still almost doubled in value so far in 2021. One Bitcoin is currently worth US$58,017 (AU$75,347).
According to data from CoinDesk, US$61 billion worth of Bitcoin changed virtual hands over the last full day.
And therein lies a potential pin to deflate the Bitcoin price in a world that’s racing to decarbonise.
Bitcoin’s China problem
How do Bitcoin transaction volumes impact greenhouse gas emissions? And what’s all this about China?
I was hoping you’d ask.
First, if you’re not aware, Bitcoin uses something called the blockchain. Essentially, it runs by…
-
General19 hours agoChina was the big disruptor in our region. Now the US is determined to take that title
-
General19 hours agoSpaceX to invest $3 billion in Musk’s xAI startup
-
General23 hours agoAlgal bloom ‘disaster’ prompts royal commission call as impact spreads to mussel farms
-
Noosa News22 hours agoE-bikes shouldn’t be banned. The illegal ones are already illegal