Blockchain Today Weekly Digest

14 Feb — 20 Feb

CEO of Intel Patrick Gelsinger is worried about the impact of Bitcoin mining on the environment. Details about this and other news in our digest.

1. Intel CEO: Bitcoin threatens the environment

Many experts periodically accuse bitcoin of causing great environmental harm.

Now Intel CEO Patrick Gelsinger has joined the critics of BTC mining. One transaction record on the blockchain consumes the amount of electricity needed to power your home during the day, the company’s CEO said in an interview.

Read more on Blockchain Today

2. Charlie Munger Says Crypto Is Like Venereal Disease

Long-time crypto critic, investor Charlie Munger stated his opinion about cryptocurrencies. He also criticized the federal reserve policy and the high inflation rate.

According to Munger, fiat currencies will hit zero in the next 100 years. The businessman even said that inflation is the most dangerous issue that the USA faces apart from nuclear war.

Read more on Blockchain Today

3. Grayscale Bitcoin ETF Receives Public Support

The US Securities and Exchange Commission (SEC) has requested public comment on Grayscale Investments’ spot bitcoin ETF. Intelligence analyst Eric Balciunas, 95% support the launch of a financial instrument.

In October 2021, the founder and CEO of Digital Currency Group, the parent company of Grayscale Investments, Barry Silbert, confirmed plans to transform the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund.

Read more on Blockchain Today

Here are some of the most important news of this week. Follow us to stay updated.