US FDIC seeks insight on banks’ role in cryptocurrency markets

The United States Federal Deposit Insurance Corporation is looking for information and public comments on banks’ cryptocurrency-related activities. The FDIC is the major provider of deposit insurance to U.S. commercial and savings banks, originally created to address bank runs during the Great Depression.  On Monday, the FDIC officially announced a request […]

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Ark Invest: Bitcoin Mining Net Positive to Environment, Concerns of BTC's Energy Consumption Are Misguided – Featured Bitcoin News

Following concerns raised by Tesla CEO Elon Musk about Bitcoin’s energy consumption, global asset manager Ark Investment Management explained that the concerns are “misguided.” Referring to its research using real-world data, the investment firm emphasized that “the impact of bitcoin mining could become a net positive to the environment.” Bitcoin […]

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