2022-9-17 20:15 |
Critics claimed the Biden administration's reports focused on environmental concerns over crypto's energy consumption and illicit uses rather than the technology's benefits.
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The Ethereum proof-of-stake consensus mechanism will cut energy consumption by a massive 99.95% compared to the proof-of-work system.
2022-9-16 09:45 | |
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Last week regulators worried about the "de-integration" of financial sector and global energy consumption — all because of crypto.
2022-9-13 23:15 | |
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Bitcoin (BTC) mining’s energy consumption will rise 10x and hit 894 Terawatt-hours (TWh) annually if the flagship crypto’s price reaches $2 million by 2040, according to an Arcane Research report published August 22.
2022-8-23 14:15 | |
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One of the world’s leading crypto, Ethereum, is about to switch to a Proof of Stake (PoS) protocol. It should happen “in the coming months”. The development team expects this transition to reduce the network’s energy consumption by 99.
2022-7-22 21:07 | |
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Democrat members of Congress have called on two federal agencies to take action on Bitcoin mining, citing their energy consumption. The post US Democrats Call for Crypto Mining Crackdown in Letter to Regulators appeared first on BeInCrypto.
2022-7-18 15:00 | |
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Senator Elizabeth Warren has called out the crypto industry yet again. This time, U.S.-based cryptocurrency miners are in her crosshairs. Warren Pushes for Crypto Miner Reporting Requirements Senator Elizabeth Warren...
2022-7-18 14:38 | |
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Gone are the days when crypto mining was the only option to generate passive rewards in exchange for verifying and adding new transactions to the blockchain. It’s a tedious task requiring high energy consumption and an expensive setup.
2022-7-18 21:23 | |
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Powers Combined Even if the crypto market isn't exactly growing in terms of profit, miners it are certainly increasing their energy consumption. The New York Times reported this week that just seven of the biggest Bitcoin mining companies are now using nearly as much electricity as all the homes in Houston combined, meaning that all crypto mining […]
2022-7-20 17:54 | |
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U.S. legislators suspect cryptomining is “problematic” for energy use and emissions, while Paraguay is ready to give the crypto industry, including miners, incentives.
2022-7-16 23:44 | |
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The President of Kazakhstan signed a bill to apply a differentiated tax rate based on the energy consumption of crypto miners on July 11. The post Kazakhstan imposes new tax rules on crypto miners appeared first on CryptoSlate.
2022-7-13 15:00 | |
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Electricity consumption on some of the biggest crypto networks dropped by as much as 50%, as depressed token prices forced miners to shut shop, according to the Guardian. The post Crypto downturn sees electricity consumption on Ethereum plunge by 50% appeared first on CryptoSlate.
2022-6-24 22:30 | |
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An energy team of the White House is drafting a policy recommendations report to address issues concerning cryptocurrency mining’s energy consumption and emissions, according to a report by Bloomberg Law.
2022-6-3 22:00 | |
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A White House task force is currently examining the advantages and disadvantages of cryptocurrency mining with the aim of providing the Biden administration with appropriate policy recommendations. Appropriate Policy Responses...
2022-6-3 21:53 | |
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According to Interfax News Agency, the deputy head of the ministry of industry and trade, Vasily Shpak has given Russia’s unambiguous position on the regulation of Crypto Mining, during a speech at the United Russia discussion platform.
2022-6-2 20:40 | |
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Sam Bankman-Fried, the Billionaire founder and CEO of crypto exchange FTX, believes that Bitcoin has no future as a payment network. Sam Bankman-Fried Thinks Bitcoin Isn’t A Payment Network He attacked the proof-of-work algorithm’s high energy consumption, arguing it couldn’t handle millions of transactions per second.
2022-5-17 15:54 | |
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Sam Bankman-Fried (SBF), the CEO and founder of leading crypto exchange FTX, said in a recent interview with the Financial Times that he does not think Bitcoin has a future as a payment network. SBF continued that the environmental impact of Bitcoin mining, alongside the fact that the coin is “inefficient,” would count against it […] The post SBF does not see Bitcoin becoming a payment network, lampoons its energy consumption appeared first on CryptoSlate.
2022-5-16 18:40 | |
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Kazakhstan has imposed new reporting requirements that seek to determine the energy consumption rate by crypto miners. The post Kazakhstan imposes strict energy consumption reporting requirements on crypto miners appeared first on CryptoSlate.
2022-5-5 19:10 | |
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Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption.
2022-5-5 04:02 | |
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The Wikimedia Foundation (WMF) has announced it will stop accepting crypto donations citing environmental concerns. The post Wikimedia Halts Crypto Donations Due to Fears Over Energy Consumption appeared first on BeInCrypto.
2022-5-2 13:30 | |
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Headlines and deep dives on the staggering levels of crypto energy consumption — among some blockchains in particular — have put the industry under a spotlight. As crypto continues to become more mainstream and new applications utilizing this technology gain popularity, crypto’s carbon footprint threatens to continue accelerating.
2022-4-22 01:20 | |
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Sumsub, the identity verification & KYC/AML compliance provider, today announced its new partnership with Bybit, a crypto trading and staking platform with over 6 million users worldwide. By offering an automated KYC system, Sumsub helps Bybit reduce its consumption of human resources so that its employees are able to focus on complicated cases identified by […] The post Sumsub providing KYC/AML verification to crypto exchange Bybit appeared first on CryptoNinjas.
2022-4-5 20:17 | |
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European regulators touched upon crypto volatility, misleading ads, regulatory uncertainty, energy consumption and other issues in a recent warning
2022-3-18 17:27 | |
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On Monday, the much-anticipated Markets in Crypto Assets Regulation (MiCA) bill was enacted. It will concentrate on a coordinated strategy to crypto by all EU members. Because of its significant power consumption, the law originally included an indirect provision to prohibit proof-of-work mining.
2022-3-16 22:00 | |
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The spotlight on crypto regulations shifts to Russia as government officials seek to punish illegal miners and other offenders with new legislation. High energy consumption of bitcoin miners and its effect on the national grid has been cited by Andrey Lugovoy as his party pushes for the bill.
2021-12-19 09:51 | |
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Over the past three years, the annual global energy consumption of crypto has increased fourfold and its market cap recently reached $1 trillion according to a research report by Deutsche Bank, CoinDesk reported.
2021-12-11 16:56 | |
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We’ve witnessed an avalanche of investment into crypto over the last two years thanks to the introduction of DeFi. Despite lingering high energy consumption and negative environmental impact narratives that aren’t necessarily untrue, $ millions have continued to pour into what seems like a never-ending cycle of DeFi products that offer lucrative returns on crypto […] The post ESG DeFi, the next Trillion Dollar Asset Class appeared first on NullTX.
2021-12-1 17:32 | |
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Blockchain network Solana has disclosed key findings highlighting the network’s fast processing and minimal energy consumption in its energy report for November. Solana foundation claimed that a transaction processed on Solana consumes less energy than two Google searches, making it one of the fastest networks for conducting crypto transactions.
2021-11-27 23:00 | |
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The Cambridge Bitcoin Electricity Consumption Index showed that China held 0% of the average monthly hashrate share in August. After this, many concluded the country had done away with crypto for goodThe post After a crypto crackdown, is China going after NFTs and their promoters appeared first on AMBCrypto.
2021-10-25 20:30 | |
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Key takeaways Elon Musk may be teasing interest in other cryptocurrencies apart from Dogecoin. His recent Twitter activities are fueling the speculations. Musk’s Bitcoin energy consumption concerns may put Ethereum and Cardano in his good books.
2021-9-19 20:14 | |
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Ethereum is set to correct its lavish energy consumption in less than six months from now and here’s why this matters: Ethereum is the busiest blockchain network of all cryptocurrencies. It has become the home to NFTs, mainstream DeFis and DEx built with blockchain.
2021-8-29 17:01 | |
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Discounted tariffs made Iran attractive to miners, now the country is having a hard time closing the gap between the production and consumption of electricity.
2021-7-7 13:42 | |
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It may have seemed that the Bitcoin community would have one less problem to deal with, should Elon Musk steer clear of the community, but that is not the case today. Instead, all hands are on deck to try to educate the Billionaire on the current energy consumption state of Bitcoin. Jack Dorsey wants to […]
2021-6-25 17:09 | |
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Elon Musk, who has become an influential force in the cryptocurrency market, said in a tweet on Sunday that Tesla will resume accepting bitcoin as payment for purchases of its electric vehicles once the flagship crypto’s clean energy consumption reaches at least 50% level.
2021-6-15 07:44 | |
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If you’ve gone anywhere near the internet the last few weeks, you’ve probably discovered that the debate around the energy consumption of bitcoin and other Proof-of-Work (PoW) cryptocurrencies has intensified.
2021-6-11 23:02 | |
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Crypto mining is a calculation-intensive computation process that requires high processing power along with high electricity consumption. The miner who first solves the puzzle gets to place the next block on the blockchain and claim the rewards.
2021-5-31 10:25 | |
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Following the recent developments in China and the environmental concerns about bitcoin’s energy consumption, the Bank of Japan Governor Haruhiko Kuroda criticized the leading crypto asset bitcoin in an interview on Thursday.
2021-5-28 16:30 | |
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Ethereum founder Vitalik Buterin has weighed in on the ongoing debate about Bitcoin mining. He stated that Ethereum’s transition to the proof-of-stake (POS) model could be a feasible solution to cryptocurrencies’ high-energy consumption issue.
2021-5-28 13:24 | |
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The VeChain (VET/USD) price retreated on Friday as investors waited for the US personal consumption expenditure (PCE) data from the United States. VET dropped to $0. 1065, which was 26% below the weekly high of $0.
2021-5-28 13:18 | |
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In a bid to cut down on power consumption, Iran’s government has banned the mining of Bitcoin and other cryptocurrencies until the nation’s power issue is resolved. On Wednesday, the country’s president Hassan Rouhani stated that there have been energy-intensity blackouts in some Iranian cities.
2021-5-28 13:55 | |
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Amid growing debate surrounding Bitcoin’s high energy consumption, one asset manager is looking to create a more environmentally conscious Bitcoin exchange-traded fund. According to SEC filings from earlier this week, One River Asset Management joins a growing list of firms looking to create their own Bitcoin ETF — but with a catch. The digital asset […]
2021-5-27 12:06 | |
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Iran is banning the mining of Bitcoin, and other cryptocurrencies over concerns of high levels of energy consumption said President Hassan Rouhani on state TV on Wednesday. The ban is effective immediately and will last until September 22.
2021-5-27 21:05 | |
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The two biggest consensus mechanisms known in the crypto universe are Proof-of-Work and Proof-of-Stake, created by Satoshi Nakamoto and Sunny King(PeerCoin), respectively. Since creating these mechanisms to support the underlying technology of blockchain, there have been many other alternatives to reduce energy consumption and introduce a new method of mining using hard disks called Proof-of-Capacity, […] The post Burstcoin was the real green alternative until Chia Network raised $69.
2021-5-27 15:00 | |
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It has been a bloody period for Bitcoin after the crypto started experienced some market troubles after reaching a new all-time high above $65k. The decision of Tesla to suspend bitcoin payments and the company’s CEO Elon Musk tweeting against Bitcoin’s power consumption while supporting Dogecoin have added to the pressure. As a result, BTC’s […]
2021-5-26 20:15 | |
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Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, […]
2021-5-23 07:00 | |
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Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining.
2021-5-17 13:00 | |
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Hive has closed shop in Norway over fears it would not be able to meet required development conditions, without tax relief on their electricity consumption. The post Crypto Miner Hive Unloads Norwegian Data Center After Loss of Power Subsidy appeared first on BeInCrypto.
2021-5-10 20:30 | |
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Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment.
2021-4-25 18:00 | |
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Historically speaking, one key objection to bitcoin has been its perceived massive energy consumption. Some people have suggested that the flagship cryptocurrency is causing an environmental disaster due to its proof-of-work consensus algorithm.
2021-4-25 23:45 | |
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Concerns about the impact of proof of work (POW) and bitcoin (BTC) mining on the environment are growing. As interest in cryptocurrencies expands, there is an increase in energy consumption. The post Bitcoin’s Real Price: Is Crypto Mining Consuming Our Planet? appeared first on BeInCrypto.
2021-4-9 00:00 | |
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U.S. President Joe Biden called Bola Tinubu, the President of Nigeria, on Tuesday to personally thank him for the recent release of detained American Binance executive Tigran Gambaryan.
The co-author of Biden’s executive order on crypto Carole House has rejoined the White House as Special Advisor for Cybersecurity and Critical Infrastructure Policy. Carole House, a former director of cybersecurity and secure digital innovation for the White House who…
Issued Monday, President Biden's executive order is aimed at potential threats posed by artificial intelligence, but critics of the White House action wonder if innovation could be stifled.
The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now.
With an allocation of nearly $20 million in rewards, the AI Cyber Challenge brings together prominent AI enterprises such as Anthropic, Google, Microsoft and OpenAI.
The recent investment disclosure contrasts with his claims in May that he was not an investor in Bitcoin.
Leadership at the Fed will likely have an impact on how the U.S. government handles the potential issuance of a central bank digital currency.