Mining

Around 4.5 percent of all bitcoin mining takes place in Iran, allowing the country to earn hundreds of millions of dollars in cryptocurrencies that can be used to buy imports and lessen the impact of sanctions, a new study has found.

US should get in on it before it is too late

PayPal founder and Donald Trump fanboy Peter Thiel has claimed that China is using bitcoin as a “financial weapon” to undermine the US dollar.

Don’t cry for me Tesla

Bitcoin uses more electricity annually than the whole of Argentina, analysis by Cambridge University suggests.

RBC Capital Market’s advice

RBC Capital Markets says Apple could make a tidy sum if it decided to start being more innovative and copy Tesla by getting into cryptocurrencies.

Could start taking it for payment

According to an SEC filing, Tesla invested $1.5-billion in bitcoin and Elon Musk could start accepting the cryptocurrency as payment.

Nothing is free

It costs $25 million Daily in electricity to process Bitcoin transactions according to data presented by Trading Platforms.

Shut down Iran

Massive blackouts and smog have hit cities across Iran and the government is blaming bitcoin miners.

Needs more scrutiny

Bitcoin fanboy deVere Group’s chief executive and founder Nigel Green has called for greater regulatory scrutiny of cryptocurrencies such as Bitcoin.

But diamonds are a girl's best friend

Millennials prefer Bitcoin to gold as a safe-haven asset, a new global survey from one of the world’s largest independent financial advisory and fintech organisations.

US is expected to follow

Thousands investors in the EU and Asia were dumping their Bitcoin after the price was hammered overnight.