Bitcoin creates 272 g of e-waste per transaction on an average

A solitary Bitcoin transaction creates 272 grams of e-waste, another review by financial specialists from the Dutch national bank and MIT in the journal Resources, Conservation and Recycling said. The future of Bitcoin mining devices stays restricted to simply 1.29 years, the author said. The soaring demand for mining equipment might disturb worldwide semiconductor supply chains,” the review’s authors added. 

The greater concern is that, unlike energy utilization which is insignificant in contrast with different players, Bitcoin among the world’s biggest e-waste makers — including cell phones which were assessed to have contributed 50 million tons of waste in 2019, around 10% of the complete worldwide e-waste in the world at the time.

Crypto bourses hit no entry on SBI UPI platform

The going gets harder for Indian cryptocurrency trades. The country’s biggest lender specialist, State Bank of India NSE – 2.07 % (SBI), has impeded the receipt of funds by crypto bourses on its UPI platform. The bank has encouraged payment processors to disable SBI UPI for crypto dealers, as per sources in the payment business. 

With this, traders can’t buy Bitcoin or any digital currency by transferring money by means of UPI, as none of the processors which handle funds for trades will not be able to get money sent for crypto buys on their SBI accounts. 

In the past half-year, a few banks have cinched down on fund transfers connected to crypto exchanges. After SBI’s new decision, one of few payment avenues left for crypto trades has been stopped.

From School Dropout to Fintech disruptor: Zerodha’s Nikhil Kamath

35-year-old Nikhil Kamath and his older sibling Nithin helped to establish Zerodha, India’s largest trading platform, in the southern Indian city of Bangalore in 2010.

As the name suggests — the name is a mix of “Zero” and “rodha”, the Sanskrit word for barrier — several years to get its initial thousand clients, today it has 4.5 million dynamic month-to-month clients and is the country’s biggest exchange stage by volume.

Kamath, who grew up for the most part in Bangalore, exited school after class 10 at 16 years old — unprecedented for somebody from a middle-class family whose father worked in a state-claimed bank and mother taught Carnatic traditional music. 

Kamath talked with Al Jazeera’s Megha Bahree about exiting school, setting up Zerodha, India’s continuous financial exchange run, and True Beacon – his most recent endeavour of overseeing assets for the super-rich.

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