Bitcoin drops to $34K as the number of daily active addresses reaches a five-month high. The Bitcoin network has 1.17 million unique active addresses conducting transactions, the highest number since December 2, 2021.
The rapid popularity of cryptocurrencies throughout the world has grown like wildfire, especially in the last year. Another American city (Portsmouth) followed in the footsteps of other cities by allowing people to pay their bills using BTC on Thursday.
When people hear about cryptocurrencies, one of the first things they say is how horrible they are for the environment. This storey has gained traction in the mainstream media, as seen by the examples provided in this article.
According to a recent storey citing sources familiar with the situation, Exxon Mobil Corporation is apparently taking part in a pilot scheme that uses excess natural gas to power crypto mining machines.
Residents in Portsmouth can now pay their bills with cryptocurrencies. This follows the mayor’s presentation of the suggestions to city officials. Deaglan McEachern, the mayor of Portsmouth, indicated that he wants locals to embrace the cryptocurrency business and have more options when it comes to paying bills.
Instead of using the electricity network of the USA, Stronghold Digital Mining generates energy for its operations from coal ash. …
The use of crypto assets is being closely watched by global financial regulators amid the war in Ukraine after worry about its use to evade Western sanctions on Russia, according to Reuters. (Read More) …