Analysis & Comment

Opinion | Bitcoin Cosplay Is Getting Real

It’s been a good month for Bitcoin believers. The currency of the future — or is it the future of currency? — became legal tender in El Salvador. Some might dismiss as a publicity stunt the embrace of a digital currency by a country where only a third of the population has internet access. Some […]

Business

How much energy does Bitcoin actually consume?

According to the Cambridge Center for Alternative Finance, Bitcoin currently consumes around 110 terawatt-hours per year, accounting for 0.55 per cent of global electricity production and roughly equivalent to the annual energy draw of small countries like Malaysia or Sweden. This sounds like a lot of energy. But how much energy should a monetary system […]

Business

Inside Exxon’s Board Fight

Key moments in the oil giant’s battle with an activist investor. By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni Behind the scenes in the battle over Exxon’s board Exxon Mobil’s defeat by a new activist investor, Engine No. 1, at its annual meeting on Wednesday is still reverberating around […]

Analysis & Comment

Opinion | Is the Bitcoin Craze Coming for Your 401(k)?

This article is part of the Debatable newsletter. You can sign up here to receive it on Tuesdays and Thursdays. Cryptocurrencies have been around for 12 years now, and for much of that time, they were a fairly easy subcultural fixation to ignore, like SantaCon or the Golden Globes. But in 2021 that became a […]

Business

As pandemic rages, anything goes for bitcoin's third 'halving'

NEW YORK (Reuters) – Bitcoin is about to undergo a scheduled technical adjustment as the number of new coins awarded the computer wizards who “mine” the cryptocurrency will be cut in half, but forecasting which way its price will move afterward is more complicated now. Investors are widely anticipating this so-called “halving,” the third in […]