Bitcoin mining struggles to go green, research shows.
Bitcoin is struggling to go green, with the cryptocurrency making only slim gains in its usage of sustainable energy in the year to January, research by Cambridge university showed on Tuesday.
Processing bitcoin transactions and “mining” new tokens is done by powerful computers, hooked up to a global network, that compete against others to solve complex mathematical puzzles.
Voyager has picked FTX.US as the best bid for its assets after multiple bidding rounds.
FTX bid $1.422 billion, comprising the fair market value of all Voyager crypto assets.
The purchase agreement will be presented for approval to the US bankruptcy court on October 19.
The bankrupt crypto firm Voyager has selected the US arm of the FTX crypto exchange as the highest and best bid for its assets after multiple rounds of bidding in a highly competitive auction process lasting two weeks.
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