The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is currently drawing up a list of witnesses. They will be questioned about the energy use of proof-of-work mining, the type of mining used for bitcoin, according to the report. Source link … [Read more...] about US Congress Organizing Oversight Hearing on Crypto Mining’s Environmental Footprint: Report
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Crypto’s Carbon Footprint Could Hinder Adoption: Deutsche Bank
Due to the carbon footprint of mining operations, some governments and regulators, such as the Chinese, are taking action, the report said. But as the market value of cryptocurrencies expands “people will find a way to mine, trade and use cryptocurrencies, especially in an unregulated market.” Source link … [Read more...] about Crypto’s Carbon Footprint Could Hinder Adoption: Deutsche Bank
Footprint November Monthly Report: DeFi TVL surpasses $288B, NFTs stall
In the month of November, DeFi’s Total Value Locked (TVL) surpassed a record high of $288 billion, up by 32.7% MoM, and Bitcoin and Ethereum surpassed previous all-time peaks.Although NFT trading activity slowed, it has not affected fundraising in the sector.BTC, ETH hit record highsFootprint Analytics: BTC Price and Trading Volume TrendsFootprint Analytics: ETH Price and … [Read more...] about Footprint November Monthly Report: DeFi TVL surpasses $288B, NFTs stall
Senator Warren Targets Bitcoin Miner Greenidge’s Environmental Footprint
“Given the extraordinarily high energy usage and carbon emissions associated with Bitcoin mining, mining operations at Greenidge and other plants raise concerns about their impacts on the global environment, on local ecosystems, and on consumer electricity costs,” she wrote, asking for a detailed response by Dec. 17. Source link … [Read more...] about Senator Warren Targets Bitcoin Miner Greenidge’s Environmental Footprint
Crypto Custody Firm Ledger Expands Institutional Footprint in Switzerland and UK
“If you think about the technology companies that are offering custody technology, most of LedgerVault’s competitors are in Switzerland,” said Ledger CEO Pascal Gauthier in an interview. “If you look at Swiss banks, they understand custody and cybersecurity better than your average financial institution, and Switzerland is very advanced compared to other places.” Source link … [Read more...] about Crypto Custody Firm Ledger Expands Institutional Footprint in Switzerland and UK