climate crisis

White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining

May 3, 2023 Bitcoin.com

Biden Administration

On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets “making crypto miners pay for the costs they impose on others” regarding the environmental impact of crypto mining activities. […]

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Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

April 5, 2023 Bitcoin.com

bank failures

Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters […]

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Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions

December 9, 2022 Bitcoin.com

Bitcoin

On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains the grid” and the industry “undermines U.S. climate goals.” 3 U.S. Bureaucrats Believe Crypto Miners Need to Report Carbon Emissions and […]

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Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

US Lawmakers Send Inquiry to ERCOT CEO Over Texas Crypto Mining and Its Effects on the So-Called Climate Crisis

October 13, 2022 Bitcoin.com

Al Green

A number of Democratic U.S. policymakers have written a letter to the CEO of the Electric Reliability Council of Texas (ERCOT) in order to inquire about the cryptocurrency mining operations in the state. The letter that stems from senator Elizabeth Warren’s office says that the lawmakers are concerned with the so-called climate crisis, and the […]

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Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

ECB President Christine Lagarde Blames Climate Change for Europe’s Torrid Inflation

August 28, 2022 Bitcoin.com

bitcoin.com

According to the French politician currently serving as the president of the European Central Bank (ECB), Christine Lagarde, Europe’s scorching hot inflation can be blamed on climate change. During her interview with Madame Figaro, Lagarde stressed that people need to take into account that “climate disasters” affect price stability a great deal. ECB Board Member […]

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Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

World Economic Forum Shares a Video About Changing Bitcoin’s Code to Proof-of-Stake

April 29, 2022 Bitcoin.com

Adam Back

According to a World Economic Forum (WEF) tweet, a “change in the way bitcoin is coded could almost eliminate its environmental impact.” That statement stems from a tweet the WEF published on April 26, with an accompanying video that claims “miners could stake their own bitcoins to verify transactions.” WEF on Bitcoin’s Proof-of-Work: A ‘Basic […]

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Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

AOC Says She Doesn’t Hold Bitcoin so the Lawmaker ‘Can Do Her Job Ethically’

December 7, 2021 Bitcoin.com

2017

Alexandria Ocasio-Cortez, otherwise known as AOC, is a New York representative well known for her political stances and statements. The Democrat believes that it is “absolutely wild” that U.S. representatives can buy and swap popular stocks. AOC also thinks it’s not ethical for members of Congress to own cryptocurrencies. AOC Doesn’t Hold Crypto Because She […]

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Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’

Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium

October 18, 2021 Bitcoin.com

Bitcoin

The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the “denial of permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility.” The letter also calls for the New York government to assess […]

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Bitcoin counts down to $100K BTC price as shorts risk ‘violent breakout’