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Tag Archives: WA

UBS Chairman Warns Against Bitcoin For Main Street, Wa… | News

The Chairman of UBS Bank, the world’s largest manager of wealth, Axel Weber stated on Jan. 23 that he does not advise the bank’s clients to invest in cryptocurrencies, although he makes a distinction between institutional and retail clients when discussing the subject. Speaking to CNBC at the World Economic Forum (WEF) in Davos, Weber made the distinction between helping ...

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Crypto Mining Overloads Infrastructure In Small WA Cou… | News

Cryptocurrency mining is putting an undue amount of pressure on the electrical infrastructure of Douglas County, a small territory in Washington state, CNBC reports. Crypto miners are flocking to Washington to take advantage of the state’s cheaper electrical costs, creating a need for more data infrastructure to keep up with the higher energy demand. The price per kilowatt of electricity ...

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