Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry’s Impact on Climate

Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry's Impact on ClimateAccording to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work (PoW) mining. The principal assistant director for energy for the White House Office of Science and Technology Policy (OSTP) discussed the research report on July 2, 2022. The OSTP official, Costa Samaras, said if digital currencies plan to stick […]

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US Lawmaker Urges Biden Administration to Develop ‘Robust Strategy’ to Prevent Crypto Use to Evade Sanctions

US Lawmaker Urges Biden Administration to Develop 'Robust Strategy' to Prevent Crypto Use to Evade SanctionsA U.S. lawmaker has urged the Biden administration to develop a “robust strategy” to prevent cryptocurrency from being used to evade sanctions. “Emerging technologies like cryptocurrency offer many positive applications like humanitarian relief, but the administration has not kept pace in ensuring this novel form of currency is not used to the detriment of U.S. […]

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