EIA: U.S. Bitcoin mining consumes as much electricity as Utah
Mining operations will account for 0.6% to 2.3% of the country’s total electricity demand by 2023, according to a new analysis from the U.S. Energy Information Administration.

Mining operations will account for 0.6% to 2.3% of the country’s total electricity demand by 2023, according to a new analysis from the U.S. Energy Information Administration.
X Payments, a subsidiary of Elon Musk's tech empire, achieves a pivotal milestone by securing the Utah Money Transmitter License, showcasing regulatory compliance. The delayed payment gateway activation hints at a meticulous approach. With strategic moves into California and New York, X Payments aims to reshape the U.S. digital banking scene. Musk's vision extends beyond social media, emphasizing free speech and financial empowerment through cryptocurrency integration. As industry anticipation grows, X Payments' journey reflects undeniable ambition in navigating regulatory challenges and pushing the boundaries of digital banking, promising a transformative role in the future of financial transactions.
The new additions are expected to allow banks to configure the Fireblocks platform to their existing IT infrastructure and security policies.
Saylor believes that bitcoin is the answer to inflation as the Fed prepares to meet on Sep. 21, 2022.
While the license isn’t currently needed for crypto companies in Australia, BTC Markets says it is preparing the exchange for upcoming regulations, which may help it gain other complementary certifications.
The Fed vice-chairman told the U.S. House of Representatives Financial Services Committee that a CBDC would provide stability and interoperability in an increasingly complex economic system.
In addition to buying Bitcoin, Nubank will offer BTC and ETH investment services to its more than 50 million customers.
Some of the main responsibilities assigned to the working group include making policy recommendations related to blockchain and related technologies.
Some of the primary duties assigned to the task force involve making policy recommendations related to blockchain and related technologies.
MicroStrategy will not be taking a break from buying and hodling Bitcoin any time soon according to a letter to investors from the company’s CEO, Michael Saylor.