Goldman Sachs says bitcoin will compete with gold as “store of value”

Goldman Sachs says bitcoin will compete with gold as "store of value"

LONDON (Reuters) – Bitcoin will take market share from gold in 2022 as digital assets become more widespread, Goldman Sachs analyst Zach Bundle said in a research note to clients. Citing a market capitalization of $700 billion in bitcoin, compared to about $2.6 trillion in gold held as an investment, Goldman Sachs said the cryptocurrency … Read more

Kosovo bans cryptocurrency mining to save electricity

Kosovo bans cryptocurrency mining to save electricity

Cryptocurrency mining facilities in Pristina, Kosovo, June 12, 2018. Reuters/Hazir Reka/File Photo Register now to get free unlimited access to Reuters.com Register PRISTINA (Reuters) – Kosovo’s government imposed a ban on cryptocurrency mining on Tuesday in a bid to reduce electricity consumption as the country faces its worst energy crisis in a decade due to … Read more

Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners

Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners

Bitcoin ‘hash ratio’ drops after internet shutdown in Kazakhstan In August, the country acquired 18% of global bitcoin production capacity The share has grown sharply in the wake of China’s campaign Kazakhstan cut off the internet after bloody protests LONDON, Jan 6 (Reuters) – The global computing power of the bitcoin network has fallen sharply … Read more