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Bitcoin drops further below key $50000 level after Yellen calls it ‘extremely inefficient’

Bitcoin drops further below key $50,000 level after Yellen calls it ‘extremely inefficient’

Bitcoin and other cryptocurrency prices tumbled on Tuesday, after a sharp warning from Treasury Secretary Janet Yellen. “It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” Yellen said in an interview with the New York Times’ Dealbook late on Monday.








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