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This is the right amount of bitcoin to keep in an investment portfolio

This is the right amount of bitcoin to keep in an investment portfolio

Finance
eclipse_images | E+ | Getty ImagesIf you can't beat the crypto crowd, it might be time to join them, experts say.Virtual currency and its underlying technology, blockchain, are here to stay – and that means both will play some role in investors' lives."It's actually very hard to decouple blockchain and bitcoin," said Sunayna Tuteja, head of digital assets and distributed ledger technology (DLT) at TD Ameritrade.She spoke at the TD Ameritrade LINC conference in Orlando, Florida, on Wednesday."On the one end, how do we commercialize the value of DLT and blockchain to bring more innovation to traditional markets?" Tuteja asked. "On the other end of the spectrum: How do you tap into this nascent asset class?"Cryptocurrency – at least bitcoin – has staying power. "Because there's a fixed number
Meet the former prosecutor asked to investigate bitcoin who became the face of crypto VC investing

Meet the former prosecutor asked to investigate bitcoin who became the face of crypto VC investing

Finance
Katie Haun, Andreessen Horowitz general partner.Source: Andreessen HorowitzSeven years ago, bitcoin was a foreign language to federal prosecutor Katie Haun. That changed when her boss at the U.S. attorney's office asked her to look into shutting it down.What's now the most widely used cryptocurrency was a niche payment method being used in the depths of the internet, in many cases being used to buy illegal goods on black markets. But Haun quickly decided the currency itself wasn't what needed probing."It would have been akin to saying 'let's go prosecute cash,'" Haun said.Instead, her department prosecuted multiple cases where bitcoin was being used for extortion and white collar crime. In some cases, the technology behind bitcoin, known as blockchain, actually helped the department solve ...
The difference between bitcoin and Facebook’s Libra

The difference between bitcoin and Facebook’s Libra

Finance
The cryptocurrency industry cannot get enough of Libra, touting its ability to gain mainstream adoption which bitcoin strived to do for years. "Libra is potentially one of the most positive external tailwinds in Bitcoin in its 10-year history," said Spencer Bogart, of Blockchain Capital to CNBC over email.However there are differences between bitcoin and Libra and it stems from their use case.Use-caseBogart explains that Libra is a medium-of-exchange where users can send money and house transactions. Bitcoin, while it attempted to became a platform for facilitating transactions, has been regarded as more of an investment and store-of-value. Michael Moro of Genesis Capital, among others, still calls bitcoin "digital gold."AdoptionLibra is coming to market with a lot of powerful players beh...
Bitcoin, Las Vegas have the same size carbon footprint

Bitcoin, Las Vegas have the same size carbon footprint

Science
June 13 (UPI) -- The latest audit of Bitcoin's carbon footprint suggests the digital currency is responsible for 22 megatons of CO2 emissions annually. Bitcoin's carbon footprint, according to the new study, is roughly the same size as the carbon footprint of cities like Las Vegas and Hamburg, Germany. Bitcoin is mined by specialized computers. Bitcoin "miners" solve computational problems to link together, or "chain," blocks of transactions. Miners are rewarded for their work, while the process ensures the security of the Bitcoin system. To estimate Bitcoin's carbon footprint, researchers at the Technical University of Munich surveyed a variety of Bitcoin-related data, including the IP addresses of miners and the IPO filings of hardware manufacturers used for mining computers. Bitcoin ...