Saturday, February 24, 2024

Dorsey, Musk endorse cryptocurrency’s potential for greener pastures

Tesla chief Elon Musk has agreed with Twitter boss Jack Dorsey, who has said that bitcoin “incentivises” renewable energy, despite experts warning otherwise, the BBC reports. In a tweet on Wednesday, Dorsey said that “bitcoin incentivises renewable energy,” to which Musk replied “True.” The tweet comes after the release of a white paper from Dorsey’s digital payment services firm Square and global asset management business ARK Invest entitled “Bitcoin as key to an abundant, clean energy future.” Author and bitcoin critic David Gerard described the paper as a “cynical exercise in bitcoin greenwashing.” “The reality is: bitcoin runs on coal,” he told the BBC. “… Bitcoin mining is so ghastly and egregious that the number one job of bitcoin promoters is to make excuses for it – any excuse at all.”

BIG Media
BIG Media
Our focus is on facts, accurate data, and logical interpretation. Our only agenda is the truth.

BIG Wrap

Netanyahu lays out post-war Gaza plan

(BBC News) Israeli Prime Minister Benjamin Netanyahu has laid out his vision for a post-war Gaza. Under his plan, Israel would control security indefinitely, and...

Navalny’s mother says Russian authorities are pressuring for secret burial

(BBC News) Alexei Navalny's mother has said she has been shown his body, but that the Russian authorities are pressuring her to allow a "secret"...