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Bitcoin Mining Threatens America’s Climate Change Efforts, White House Science and Tech Department Says

Bitcoin Mining Threatens America’s Climate Change Efforts, White House Science and Tech Department SaysThe Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining. The federal government’s entity recommends the Biden administration should encourage more research about mining’s electricity consumption and codify public policy for […]

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

Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry

Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends IndustryAlarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would encourage a move towards a more energy-efficient extraction of bitcoin while supporting the transition towards climate neutrality in Sweden and Europe. A state-run power company […]

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