8 months ago
Date: 02 Jun 2022 -

The Biden administration is reportedly crafting policies intended to lower energy consumption and emissions from bitcoin mining.The White House is drafting policy to address bitcoin mining as it seeks to lessen energy consumption and emissions. In March 2022 President Biden signed an executive order in a whole of government approach to regulate the broader cryptocurrency market. Per the executive orders timeline a report is expected to be released in August detailing climate impact and other governing concerns.The Biden administration is crafting policy recommendations aimed at lessening the energy consumption and emissions footprint of Bitcoin and other proofofwork PoW cryptocurrencies according to a report from Bloomberg Law.The publication said it spoke to the principal assistant director for energy for the White House Office of Science and Technology Policy Costa Samaras who offered some insight into the impending policy attempts. Its important if this is going to be part of our financial system in any meaningful way that its developed responsibly and minimizes total emissions Samaras reportedly said. When we think about digital assets it has to be a climate and energy conversation.Regulators were tapped by President Bidens administration earlier this year in a whole of government approach to understanding and regulating the broader cryptocurrency space as Biden signed an executive order. The order set timeframes most within a 120 to 180day period to publish reports in conjunction with other governing bodies intended to guide the administration through a largely misunderstood market.According to the report the Energy Department which issues many of the efficiency standards likely being discussed did not provide comment on the matter of PoWbased cryptocurrencies like Bitcoin. However Samaras offered insight on the matter.We need to think about what would be the appropriate policy responses under a world that shifted to proofofstake or a world that has some continuous mix of proofofwork and proofofstake Samaras said. Proofofwork is energyintensive by design but it also increases security.A report geared towards uncovering emissions noise pollution energy efficiency for differing consensus mechanisms and the possible revival of fossil fuel intensive mining methods is expected to be released this August following the timeline of the aforementioned executive order. Weve seen reports about noise local pollution older fossil generators being restarted in communities Samaras said. These are not trivial loads.

Read in the source

Share this page

馃憫 Collect a daily bonus of 10 Crowns every day for free! Collect the bonus on the personal page of the Crowns
馃敆 Join our referral program and earn 小rowns together! Invite your friends to our friendly community

Crypto Overview Show morenavigate_next

USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
398.86 $ 0 % 59.29 Billion $
1.004 $ 0 % 50.96 Billion $
101.49 $ 0 % 33.28 Billion $
0.122 $ 0 % 31.52 Billion $
0.7024 $ 0 % 30.96 Billion $
82.96 $ 0 % 29.44 Billion $
0.9455 $ 0 % 29.42 Billion $

Crypto News Show morenavigate_next

PRESS RELEASE 8211 Dubai UAE 17th August 2022 Chainwirebitcoinblack has become a popular choice for millionaires and billionaires worldwide who want to join an exclusive club that provides them access to the worlds most exclusive nolimit black crypto credit card. The luxurious credit card which has no spending limits allows users to use crypto to make purchases instantly in USD wherever credit car

Crypto data provider Kaiko has announced partnering with Deutsche Brse Group as the latter aims to expand its presence in the digital asset industry.According to the official press release the integration is expected to be completed by the fourth quarter of this year.The latest move is focused on expanding the German stock exchanges market reach.As part of the partnership the French digital assets

Can anything save Bitcoin from a stocksdriven meltdown Not everyone is bearish this week.

BuyNow PayLater BNPL is the fastestgrowing payment option for ecommerce. The idea of BNPL is to enable merchants to buy on credit and pay back later at their leisure. Although it has its origins in credit cards it is considered to have far more potential in the industry. In fact customer acquisition for BNPL services surged by 162 between 2018 and 2019 alone.Most merchants are now realizing the ne

PayPal has its eyes set on an eventual integration of everything crypto and blockchain across its services the payment giantrsquos Vice President Richard Nash has hinted.In an interview with Cointelegraph at the World Economic Forum WEF 2022 in Davos Switzerland on Monday May 23 Nash revealed that the company has plans to embrace every possible service related to cryptocurrency and blockchain.Acco

Fed minutes are indicative of a plan to aggressively raise rates.Fed officials during the meeting also expressed concern over cryptocurrencies and stablecoins.nbspAnalysts are unsure of how this development may impact the cryptocurrency markets.The release of the Feds January meeting minutes has made it clear that the Fed plans to raise rates more aggressively with inflation at record levels. In t

Lightning is poised to seamlessly integrate into our everyday operations much in the same way the internet has.Every time you google something every time you goof off do serious research on YouTube or Instagram every time you order an Uber every time you check your portfolio or read the news youre using the web. As a matter of fact youre using the web right now reading this. The web is a tool but

Alchemy raises 200 million in a Series C round Hashstack launches collateral protocol on Harmony and Bunny Finance forms DAO after a hack all coming to you in this weeks Finance Redefined.

A month ago Shiba Inus developer team introduced a new token burning tool ShibBurn. The website rewards Shiba Inu users who decide to burn a custom amount of SHIB coins.The meme cryptocurrency gets burned when a user sends SHIB coins to a dead wallet thus removing them from circulation. In a nutshell the Shib Armys main goals by encouraging such action are to trigger a market price increase and fu

ApeCoin APE has been a highperformer with the price surge seen in the past couple of weeks.ApeCoin moving erratic in an ascending parallel channel.Price maintains to hold above the key support zone of 6.5.APEUSD pair gearing sideways spotted at 0.000286 Satoshis.The buying pressure has been impeccable pushing the prices way up. With the recent uptrend APE registered a 9week high peaking at 7.8 in

Ethereum tool developer Infura has outlined its vision to create a Decentralized Infrastructure Network in 2023 as per the Tweet. This is to enable network nodes to run effectively so developers and users of apps like MetaMask dont have to do it themselves. For Ethereum and other blockchains like Polygon and Near this would be 8230

After less than a week as Chief Twit Elon Musk is pushing for the social platforms first major change starting with its verification service.The CEO is reportedly forcing his employees to put a paywall behind Twitters coveted blue checkmark. If they dont comply they will be fired from the company.Musks plan is specifically to quadruple the cost of Twitter Blue a monthly subscription service that

Ripple chief technology officer David Schwartz has suggested that bitcoin is highly likely to have a jawdropping bug in one major implementation of the flagship cryptocurrencys code.Potential Major Bug Could Be Used To Print More BitcoinIt all started when an early bitcoin adopter going by the name Heidi on Twitter observed that bitcoin had been online for at least 5000 days and if it were to suff

On March 2 the global music media brand Billboard announced the firm has partnered with Universal Music Group UMG in order to launch a nonfungible token NFT project called Chartstars. According to Billboard the Chartstars project will be Billboards first NFT product focused on music fans as Chartstars aims to commemorate achievements and milestones on the Billboard Charts.13Billboard Joins the NFT

I Am Not Satoshi will be crowdfunded through an Avalanche platform and explore the search and debate over the Bitcoin creators identity.