On Thursday, January 20, 2022, the United States House Energy and Commerce Oversight Subcommittee held an investigative hearing titled “Cleaning up Cryptocurrency: The Energy Impact of Blockchains.” Topics discussed during the hearing included energy usage in blockchain technologies and its impact on grid infrastructure in the U.S., and environmental
On Thursday the Central Bank of Russia issued a 36-page proposal for a complete ban on the use and mining of cryptocurrencies on Russian territory. Citing threats to financial stability, citizens' wellbeing, and sovereignty over their own monetary policy, the bank proposed that Russia create mechanisms to block transactions
According to unnamed sources cited by Bloomberg, the Biden administration is preparing to release an executive order that will outline a comprehensive government strategy on cryptocurrencies. This news comes on the heels of a U.S. Senate hearing on stablecoins, a Congressional subcommittee hearing on energy usage involved in cryptocurrency
According to unnamed sources cited by Bloomberg, the Biden administration is preparing to release an executive order that will outline a comprehensive government strategy on cryptocurrencies. This news comes on the heels of a U.S. Senate hearing on stablecoins, a Congressional subcommittee hearing on energy usage involved in cryptocurrency
On Thursday, January 20, 2022, the United States House Energy and Commerce Oversight Subcommittee held an investigative hearing titled “Cleaning up Cryptocurrency: The Energy Impact of Blockchains.” Topics discussed during the hearing included energy usage in blockchain technologies and its impact on grid infrastructure in the U.S., and environmental
On Thursday the Central Bank of Russia issued a 36-page proposal for a complete ban on the use and mining of cryptocurrencies on Russian territory. Citing threats to financial stability, citizens' wellbeing, and sovereignty over their own monetary policy, the bank proposed that Russia create mechanisms to block transactions
EU regulators have recently raised the question of whether or not bitcoin mining should be banned in Europe. Bitcoin’s proof of work protocol was one of the primary drivers behind the discussion as some believe it may pose a threat to the continent’s goals of supporting climate change.
The Department of Treasury, National Bureau of Economic Research, and Ripple’s University Blockchain Research Initiative published a paper in May last year that analysed the effect of cryptocurrency mining on local electricity price increases.
The document, authored by Berkeley researchers Matteo Benetton, Adair Morse, and Giovanni Compiani from the
Pierre Poilievre, a Member of Canadian Parliament for Carleton, Ontario, recently spoke in Parliament about money, currency debasement, and inflation. Poilievre is a Conservative known for championing the free market and limiting government overreach.
On January 16th of 2022, Poilievre posted a video on Twitter with accompanying text asking “What
During the Rio Innovation Week conference, Paes stated “We are going to launch Cripto Rio and invest 1% of the Treasury in cryptocurrency”.
Miami Mayor Francis Suarez also made an appearance to discuss the possibility of utilizing cryptocurrencies within Rio. Paes plans to do something similar to what Suarez has
The U.S. has now become the world’s leading nation in Bitcoin and other digital asset mining after a historical miner exodus from China in the summer of 2021. Miners in Kazakhstan, the second biggest mining nation by hashrate, have also experienced disruption to their operations due to recent
