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When crypto mining is discussed in the U.S. Congress, it's often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to argue their businesses can help stabilize the power grid, tie into renewable resources
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The bloc’s executive arm is commissioning a $842K study as it considers what to do about energy-hungry proof-of-work technology Source
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The first-ever spot Bitcoin exchange-traded fund (ETF) launched on the European market has been classed as an Article 8 fund by its issuer firm, London-based Jacobi Asset Management. Funds included under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are those that “promote environmental and/or social characteristics.” On Aug.
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For an industry that rarely gets mainstream political support, Bitcoin recently received a massive endorsement after Democratic Presidential candidate Robert F. Kennedy spoke out in support of the cryptocurrency. According to RFK, arguments against adopting Bitcoin due to perceived environmental impact are merely a cover to curtail financial freedom. Responding to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The European Investment Bank (EIB) successfully priced its inaugural SEK 1 billion Climate Awareness Bond (CAB) today, leveraging the so|bond platform. Notably, the platform employs the Proof of Climate awaReness (PoCR) protocol, a novel blockchain validation logic
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The discussion around mining and taxing cryptocurrencies is still going strong. White House advisors rekindled the conversation, to which a prominent American environmental lawyer called Robert F. Kennedy Jr. responded. Robert spoke about cryptocurrencies and the possible
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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
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While bitcoin’s effect on the environment has been discussed at length over the last two years, the latest trend of artificial intelligence (AI) software is now being criticized for its carbon footprint. According to several headlines and academic papers this year, AI consumes significant electricity and leverages copious amounts of
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Initially, Regen will “steward” the creation of these protocols, bringing together developers and scientists.” First, they are working on carbon sequestration. The Regen Marketplace, where ecological assets are traded, launched in October, and so far has only included carbon credit projects. More types of protocols are proposed in the white
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Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from the administration of United States President Joe Biden.The Internal Revenue Service appears strongly
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