Winklevoss Brothers lost $1 Billion during the Bitcoin Fall

A month and a half ago, thanks to the active growth in the value of Bitcoin, the Winklevoss brothers became the first dollar billionaires who were able to get such an impressive fortune due to the increased exchange rate of the cryptocurrency. Then, when the cost of bitcoin reached $ 20 thousand, their financial position … Continue reading Winklevoss Brothers lost $1 Billion during the Bitcoin Fall

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The Rapid Fall of Bitcoin. What’s Happening to Cryptocurrency Market?

Until recently, the Bitcoin rate was around $ 15,000, occasionally increasing or decreasing. But after the news about a possible ban on trade of cryptocurrencies in South Korea and the termination of mining in China, the cost of cryptocurrency began to decline. This morning the Bitcoin's exchange rate dropped below $ 12 thousand. So, over … Continue reading The Rapid Fall of Bitcoin. What’s Happening to Cryptocurrency Market?

Cryptocurrency Got the Voice of «Virtual Currency Girls»

Not so long ago in Japan a musical group «Virtual Currency Girls» appeared. The girls have already become popular all around the world. The Virtual Currency Girls have already had their devoted fans. There are eight participants in the pop group. Earlier this group performed under the name «Kaso Tsuka Shojo». Every performer gets the … Continue reading Cryptocurrency Got the Voice of «Virtual Currency Girls»

Bitcoin Tops $20,000

After the rodeo last week, when the cost of Bitcoin increased by more than $ 5,000 in two days, there was a relative calm this week. Trades were held in the corridor from $ 15,000  to $ 17,500. But this relative calm has not continued for a long time. Already on Saturday, the bitcoin rate … Continue reading Bitcoin Tops $20,000

Bitcoin Rate Overcame the Mark of $10000

Big event today in the world of crypto-currency, or even a historical one. The Bitcoin exchange rate overcame the mark of $ 10,000. Besides, just two days ago a bar of $ 9,000 was taken. But even more impressive is the fact that Bitcoin has overcome from $ 7,000 to $ 10,000 (43% increase) in … Continue reading Bitcoin Rate Overcame the Mark of $10000

Bitcoin Mining Consumes More Electricity Than 159 Individual Countries

  The Bitcoin's crypto currency is becoming extremely popular and expensive, but it requires a significant increase in energy consumption during the mining process. British researchers estimated that the total amount of energy spent on Bitcoin mining already exceeds the energy consumption level of 159 individual countries around the world (or collectively 71 countries with … Continue reading Bitcoin Mining Consumes More Electricity Than 159 Individual Countries