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Rostin Behnam, chair of the United States Commodity Futures Trading Commission, or CFTC, said the Ethereum blockchain’s transition to proof-of-stake may help reduce crypto’s energy usage, but hinted legislation would likely still be needed to address the problem.Speaking at a Thursday hearing before the Senate Agriculture Committee, Behnam addressed a
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Ahead of Ethereum's (ETH) transition to proof-of-stake, Bitcoin (BTC) maxi Michael Saylor has come out swinging against what he says is "misinformation and propaganda" about the environmental impacts around proof of work (PoW) BTC Mining. The MicroStrategy executive chairman, who recently stepped down as CEO, shared a lengthy post on his
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In Saylor’s telling, it's not so simple. He argued that “dedicated energy” powering these devices will move to “generic computers,” redistributing efficiency that would not limit carbon emissions. Saylor has previously pledged to defend Bitcoin against energy critics as a founding member of the Bitcoin Mining Council. Source
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Europe is suffering and struggling to contain an energy crisis according to various reports that say the eurozone might have to deal with a cold winter that could lead to energy rationing and blackouts. A recent survey published by the General Confederation of Greek Workers (GSEE) shows seven out of
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In the report, among the first publicly available responses to U.S. President Joe Biden's executive order on cryptocurrencies, the office detailed its approach to the question of what sort of impact crypto mining has on the environment, including what the scale of the impact is and how different cryptocurrencies differ
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The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 5, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
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Russia's Gazprome announced indefinite suspension of gas supply to Europe, bolstering inflation fears. The renewed risk aversion capped upside in ether. Original Source
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The flexibility behind running Bitcoin (BTC) mining operations can be vital to solving the real-world problems that stand in the way of the energy industry, suggests Arcane research.One of the biggest concerns authorities raise when it comes to Bitcoin’s mainstream adoption is its energy requirements. While innovations in chipset manufacturing
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Bitcoin (BTC) passed $20,400 for the first time this month on Sept. 2 as United States economic data outperformed expectations.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDeclining dollar accompanies BTC price reboundData from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $20,500 after the Wall Street open, marking new highs for
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The company is offering to move approximately 5,000 machines to Texas. Original Source
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