Bitcoin mines cash in on electricity — by devouring it, selling it, even turning it off — and they cause immense pollution. In many cases, the public pays a price.
Bitcoin’s price has soared since banks failed this month, but there’s little evidence that the surge is being driven by investors treating the virtual currency as a financial alternative.
The cryptocurrency hit an eight-month high as investors eagerly jump back into risky digital assets, while regulators and lawmakers consider stricter rules for the sector.
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