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Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking advantage of for some time, a media report revealed. Crypto Miners … Read more
“Digital assets, and their related mining activities, are essential to the economic future of the United States,” said the group of 14 lawmakers. Go to Source Powered by WPeMatico
“I’m trying to get people to plant trees,” says Fangorn, a green-fingered Bitcoiner, “as an avenue for low-time preference.” Go to Source Powered by WPeMatico
Bitcoin mining’s climate impact has been heavily criticized, but the emissions of corporate cash and investments have often flown under the radar. Go to Source Powered by WPeMatico
In addition to eco-friendly components, the IMF recommended central banks to include other features in the CBDCs, such as compliance, higher resilience and offline capabilities. Go to Source Powered by WPeMatico
Denver-based Crusoe Energy will help the Middle East nation to cut the gas flaring with the pilot project scheduled for the end of 2022. Go to Source Powered by WPeMatico
The Ripple CEO reflected on crypto’s presence at the World Economic Forum and the emerging use cases for digital assets. Go to Source Powered by WPeMatico
In recent times, the impact of bitcoin mining on the environment has been a topical discussion as climate change activists believe proof-of-work (PoW) mining is too energy-intensive. However, a recent report written by the ESG analyst Daniel Batten explains that bitcoin mining could eliminate the world’s carbon emissions by 5.32%. Batten’s study notes that if … Read more
Panelists at the World Economic Forum session on crypto’s carbon footprint seem to be seeing FUD galore surrounding the environmental consequences of crypto mining. Go to Source Powered by WPeMatico
Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits. Go to Source Powered by WPeMatico
