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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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Sam Bankman-Fried and FTX’s regulatory team met with White House policy advisor Charlotte Butash and counselor Steve Ricchetti in May. Source
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“Blockchain technology holds immense promise that may make our personal information more secure and economy more efficient,” the letters said. “However, the energy consumption and hardware required to support [Proof-of-Work]-based cryptocurrencies may, in some instances, produce severe externalities in the form of harmful emissions and excess electronic waste (e-waste).” Original Source
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The United States House of Representatives passed the Chips and Science Act on Thursday by a vote of 243 to 187. The bill, which was introduced into the Senate over a year ago, provides grants and incentives to the semiconductor industry and encourages research. It also creates a blockchain and
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The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2 GDP Data Points to a Recession One of
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House Capital will invest up to $150,000 in each deal with investments happening as the firm comes across new companies rather than at a set pace, said Launch House co-founder Michael Houck. The fund has already deployed capital to 17 startups, and the majority were Launch House veterans. The investments
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While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing with inflation have been criticized by West
Read MorePlease note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
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Davis was behind Beeple’s famous “The First 5,000 Days” NFT that sold for $69 million at Christie’s in March 2021. He’s also the lead of the Howlerz NFT project, which he will continue to lead while at his new position at Yuga Labs, according to the thread. Source
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