Archive | austria

Wendy McElroy: Crypto and the Impossibility of Knowledge in Planning

The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 4 Crypto and the Impossibility of Knowledge in Planning Bitcoin…is better understood using the conceptual lens of the Catallaxy: participants in Bitcoin spontaneously form a decentralized monetary and financial ecosystem, collectively choosing Bitcoin as a medium of exchange and store of […]

Austria Shuts Down Alternative Investment Fund Linked to Cryptocurrency

Cryptocurrency mining can be a very lucrative business under the right circumstances. However, there are also a lot of concerns regarding this particular business model, as some governments don’t take kindly to the idea of mining Bitcoin or altcoins at this stage. In Austria, one major mining operation was shut down earlier this week. INVIA GmbH […]

Over 3,000 Bitcoin ATMs Worldwide and Argentina Wants 30,000 of Its Own

New figures released by CoinATMradar show that there are now 3,125 Bitcoin ATMs worldwide, with six new installations daily, reports Bitcoinist. Argentina plans to become the world’s biggest player with pre-agreements to install 4,000 ATM around the South American country as part of a new government plan to install 30,000 machines in the future. Bitcoin’s recent […]

The Bitcoin Network Uses as Much Electricity as Ireland: Study

According to a new study, the Bitcoin network could be consuming as much as 0.5% of the world’s total electricity — a number comparable to the amount of power used by the entire country of Ireland.  Bitcoin and Electricity Usage That said, determining exactly how much electricity the Bitcoin network uses, necessary for understanding its… […]

Cryptocurrency Interest Wanes — Online Searches for “Bitcoin” Drop 80%

Over the course of the past few weeks, cryptocurrency prices have been dropping in value. However, online interest is another trend plunging as well within the digital currency realm as Google Trends searches for the word “bitcoin” have descended to levels not seen since October of 2017. Also read: Japan’s DMM Bitcoin Exchange Opens for Business […]

Austrian Finance Minister Calls for Active Cryptocurrency Regulation

Europe is not a region where cryptocurrency regulation appears to be a big issue. For now, the European Union, as well as the European Central Bank, have no real plans to change their hands-off approach when it comes to cryptocurrency. In Austria, however, it seems there is a growing demand for active cryptocurrency regulation. The Austrian Finance […]