Bill Gates, the founder of Microsoft, said that Bitcoin mining is harmful to the environment due to excessive energy use and harms the climate. Emphasizing that he has never bought Bitcoin until now, Gates said that he preferred investments that create concrete products, such as vaccines.
Emphasizing that he has never bought Bitcoin before, during a conversation held through the social communication network Clubhouse, Gates said that he preferred investments that create concrete products such as vaccines.
Pointing to the excessive use of electricity in cryptocurrency mining, Gates said, “The transfer of Bitcoin consumes the highest level of electricity ever known. If this is green energy and it is too much for other uses, then maybe it may not be a problem.”
Emphasizing that he is seen as skeptical about Bitcoin. He does not see it related to his approach in the energy context; Gates said that his foundation is developing its digital currency that will have a “very low transfer fee in the thousandth.”
Cruise operator Carnival discloses personal data breach, shares down
(Reuters) -Cruise operator Carnival Corp said on Thursday it had detected unauthorized access to its computer...
China National Petroleum
The past year brought plenty of adversity for China National Petroleum Corp (CNPC), the state-owned parent company of the country’s second-largest oil...
McDonalds Reopening Plans Face Reluctance From Some Franchisees
McDonald’s Corp. is planning for fully reopened dining rooms in the U.S. this summer, though it’s running...
China crypto players shrug off Beijing's latest crackdown
China's announcement on Tuesday of a tougher ban on banks and payment companies offering crypto-related services furthered...