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After rejecting a proposal to ban crypto mining, the EU is looking at disclosure and mitigation measures to make crypto assets more sustainable in the coming years. Go to Source Powered by WPeMatico
Bitcoin mining raises a “set of red flags for any consideration as a sustainable sector,” according to researchers. Go to Source Powered by WPeMatico
According to a recent report published by the Cambridge Centre for Alternative Finance (CCAF), bitcoin mining worldwide accounts for around 0.10% of global greenhouse gas (GHG) emissions or 48.35 million tons of carbon dioxide per annum. Moreover, CCAF’s report details that “Bitcoin’s environmental footprint is more nuanced and complex” and because of complexity issues it … Read more
The Microstrategy executive Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 bitcoin during the last few years. Six days ago, the U.S. Office of Science and Technology Policy published a report that claims proof-of-work mining operations have been affecting climate change. The science and tech department believes … Read more
Critics have suggested Bitcoin could not operate as the same decentralized currency without a consensus mechanism like proof-of-work. Go to Source Powered by WPeMatico
The White House Office of Science and Technology Policy reaches mixed conclusions about crypto and the climate, against a background of rapid technological change. Go to Source Powered by WPeMatico
Bitcoin mining with flared gas and animal waste gases could help the world’s largest cryptocurrency on a path to becoming a zero-emission money. Go to Source Powered by WPeMatico
Four members of the U.S. House Committee on Energy and Commerce said they were “deeply concerned” that Proof-of-Work mining could increase demand for fossil fuels. Go to Source Powered by WPeMatico
Environmental concerns plague both the crypto industry and the world at large. However, if used right, blockchain-based assets could offer some relief. Go to Source Powered by WPeMatico
Blockchain technology is on its way to being considered by organizations as a way to reduce carbon emissions and improve the environment. Go to Source Powered by WPeMatico
