Taiwan’s richest man says that era of cryptocurrency is inevitable

In a speech at National Taiwan University, Fubon Group Chairman and Taiwan’s richest man, Daniel Tsai, noted that the green economy would involve not only traditional investment and financing but cryptocurrency as well.

“I firmly believe that the era of Crypto (cryptocurrency) will come one day,” Tsai said during the address on November 1, where he highlighted the rising importance of blockchain technology in traditional investment and financing.

He further pointed out that the green economy does not only involve traditional investment and financing and that there will be financial commodities derived from carbon rights in the future, with an increased likelihood that there will be blockchain-based rather than traditional currency transactions.

In his address, he also pointed out the increased importance of AI in the future and its energy consumption, which will be an essential asset in further energy consumption and utilization of renewable and green energy sources.

Cryptocurrency

$40 billion enters crypto markets in November as Bitcoin decides its next move

Cryptocurrency

Ethereum bears gain new weapon with first ETH short ETF

Cryptocurrency

Here's how much MicroStrategy is up on its Bitcoin holdings

Cryptocurrency

Bitcoin set for largest historical move after rare breakout indicator is realized

Cryptocurrency

Bitcoin hits yearly high, $37,000 next target, says crypto analyst

Taiwan formally regulated virtual currency this year with a bill that sets the groundwork for defining a virtual asset and how exchanges related to it should operate in the country.

The growing energy challenge of AI

AI has made a lot of impact since it burst onto the scene, finding an appliance in various industries across the globe, but the question remains: how much energy does it consume, and how much does it save?

Their use saves a lot of time and effort, which comes at a particular financial cost, but an aspect that flies under the radar is how much energy it consumes.

Founder of Digiconomist, Alex de Vries’s Analysis unveils that when an AI generates data based on prompts, it uses a significant amount of computing power and energy. For example, ChatGPT can consume 564 MWh of electricity daily.

Comments

Post a Comment

Popular posts from this blog

Internet Computer (ICP) Price Prediction, What Do the Charts Suggest Today?

Image
Join Our Telegram channel to stay up to date on breaking news coverage ICP is currently down by 7.89% within 24 hours, trading at $7.26 today, February 20. Last month, the Internet Computer token traded at $4.60 on January 14 before closing the market the same day at $5.05.  From January 15 to 26, ICP traded between $4 and $5 until January 27, when it rose to $6.05. From that day, the token recorded little rallies and pullbacks until February 17, when the price rose to $7.32. It has maintained this price level till today, February 20.  Also, ICP reached an intraday high of $8.17 on February 19 before closing at $7.33. Even though the bearish pressure today has pushed the price down by 11%, the ICP community is optimistic about its potential to gain.  Internet Computer Price Prediction  Source: Tradingview.com Internet Computer (ICP) price is recording a slight pullback in the market today. After it traded at $7.32 on February 17, forming a long green candle on the daily ch
Read more

Mt. Gox repayment date looming: Is Bitcoin in trouble?

Image
As the Mt. Gox repayment deadline scheduled for October approaches, crypto observers expect a major industry event coming up this fall. While the cryptocurrency community is actively discussing the upcoming Bitcoin (BTC) halving in 2024, there is potentially another big market event happening this year. The trustee of the hacked Bitcoin exchange Mt. Gox is set to finally repay the exchange’s creditors by the end of October 2023. If that happens, the cryptocurrency market could be significantly affected in several ways, some industry observers agree. Founded in 2010, Mt. Gox was once the biggest Bitcoin exchange in the world, estimated to facilitate around 70% of all BTC transactions before its implosion. The now-defunct exchange lost 850,000 BTC — or 4% of all Bitcoin to ever be issued — in a security breach in 2014. The event made Mt. Gox one of the biggest cryptocurrency bankruptcies of all time, with creditors yet to be repaid, nine years later. As the current Mt. Gox repay ment d
Read more

Nic Carter Ranks Exchange Attestations And Proof-of-Reserves

Image
The top two crypto trading platforms by the proof-of-reserves score were Kraken and BitMEX, whereas Binance scored poorly due to its shortcomings. Bitcoin supporter Nic Carter has ranked the attestations supplied by some of the most well-known crypto trading platforms and published an in-depth review of centralized exchange proof-of-reserves. Carter thoroughly analyzed the proof-of-reserves from various exchanges (PoR). The cryptocurrency executive employed criteria including attestation to assets held and a declaration of liabilities, incorporation of a third-party auditor, establishing credibility by taking a PoR for all purchases, and commitment to a continuous process to identify which PoRs are of the highest quality. PoR scores of crypto exchanges. Source: Medium The top two cryptocurrency trading platforms were BitMEX and Kraken. Carter claims that Kraken, which used Armanino for its proof-of-reserves, provides clients with a “good level of confidence tha
Read more