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The Bitcoin (BTC) bashing has continued unabated even in the depths of a bear market with more research questioning its energy usage and impact on the environment.The latest paper by researchers at the department of economics at the University of New Mexico, published on Sept. 29, alleges that from a
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The World Economic Forum (WEF) has launched the Crypto Sustainability Coalition, an initiative dedicated to assessing the role of Web3 technologies in the fight against climate change. The organization, which is composed of 30 companies, educative groups, and other institutions, will research the impact of the energy consumption of these
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The World Economic Forum is launching a new public-private partnership to leverage web3 technologies to better support positive climate outcomes as awareness over blockchain technologies’ impact on the environment picks up steam. The Switzerland-based non-government organization on Wednesday announced the Crypto Sustainability Coalition, consisting of 30 partners within the intersection of sustainable
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Climate activists are now turning towards Bitcoin, urging the network to adopt a sustainable PoS consensus. Proof of work network is notorious for its extensive energy consumption, using vast amounts of energy to process crypto transactions After Ethereum’s successful transition towards the proof of stake consensus, several climate activities are now turning
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The White House Office of Science and Technology Policy (OSTP) has weighed in on the environmental and energy impact of crypto assets in the United States, finding that crypto makes a significant contribution to energy usage and greenhouse gas (GHG) emissions. It recommends monitoring and regulation in response.The report, released
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Bitcoin (BTC) crashed below $19,000 on Sept. 6, driving the price to its lowest level in 80 days. The movement not only completely erased the entirety of the 32% gains accrued from July until Aug. 15, it also wiped out $246 million worth of leverage long (buy) futures contracts.Bitcoin price
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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
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According 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
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First Mover Asia: Speculating on Tokenized Carbon Offsets Won't Help Climate Crisis, Says Consultant; BTC Falls Under $19K Amid Wider Crypto Woes Original Source
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The United Nations Framework Convention on Climate Change (UNFCCC) along with climate change entrepreneurs and Cryptox delved into discussing the role of emerging technologies such as blockchain in solving global issues including climate change.During the DigitalArt4Climate press conference, Cryptox editor-in-chief Kristina Cornèr took over the stage to understand the various
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