“Crypto’s round-the-clock and global nature means Kraken needs a constant supply of energy, particularly as we facilitate a larger proportion of global trading volumes,” Patankar said. Due to the 24/7 demands of running a cryptocurrency business and expected mass adoption of crypto over time, Kraken is looking at how it can scale its business in terms of energy supply and latency.
ABOUT AUTHOR
CATEGORIES
- Italy’s Eni and BP resume onshore drilling in Libya after a 10-year break, reports NOC By Reuters
- Nagel from the ECB warns against Reuters’ decision on interest rates being too hasty
- REC Q2 Results: Net profit grew 6.5% year-on-year at Rs 4,038 crore; A dividend of Rs 4 per share was declared
- Italian police arrest four people over alleged illegal access to databases, reports By Reuters
- Russian missile attack kills three people in Dnieper, Ukraine; hits houses, medical building By Reuters
- China expresses concern about tariffs, sanctions at US meeting Via Reuters
- Alibaba will pay $433.5 million to settle shareholder lawsuit over Reuters monopoly claims