Related Pages Staking crypto assets can seem like a daunting process, but it’s much easier than mining or trading. By using centralized exchanges or...
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption...
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work...
The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a...
The Proof-of-Stake (PoS) consensus mechanism has emerged as the most viable solution to Bitcoin and Ethereum’s energy problem. The world’s two most popular blockchains have long been criticized for their enormous power consumption, with one recent study from U.K. financial site MoneySuperMarket estimating that each Bitcoin transaction costs in excess of $100 in terms of [...]
OKEX or OKX, as they have recently rebranded to (more on that later), is a large cryptocurrency exchange and one of the OG’s in the crypto space established all the way back in 2016. Using its expertise in the spot market, OKX offers its users the opportunity to trade Futures, perpetual swaps and options markets. In […]
The European Union’s regulatory proposal for crypto markets, MiCA, has been filed with the European Parliament. The latest version of the draft framework does not feature a controversial provision that could have effectively prohibited cryptocurrencies like bitcoin that rely on proof-of-work mining. Economic and Monetary Affairs Committee to Vote on Latest MiCA Draft on March…
The proposed legislation aiming to regulate the European crypto space to prevent cryptocurrencies that rely on proof-of-work (PoW) mining has been scrapped by the European Union lawmakers. The move comes after the decision sparked objection from the crypto community. Rumors of banning cryptocurrencies with PoW mining, such as Bitcoin are missing in the latest framework published by the EU’s Market in Crypto Assets (MiCA). The proposed bill sought to enforce oversight of the crypto industry, including the introduction of a licensing scheme for service providers and regulations for stablecoins. The EU Parliament was expected to approve the proposed legislation on February 28 and had also decided to ban the network from January 2025, however, the vote had to be postponed to address concerns raised by the representatives of crypto space. Stefan Burger has confirmed that the bill has been completely removed, although, the vote has been rescheduled. Additionally, climatic concerns have been weighing on Europe. In 2021, Sweden’s financial regulator had proposed a recommendation to ban Bitcoin mining and other PoW coins, arguing about the energy expenditure.
The European Parliament will not hold a planned vote on crypto regulations after texts that can be interpreted as an attempt to ban coins with energy-intensive mining sparked negative reactions. The lawmaker leading the legislative effort says the matter needs clarification before MEPs can have a say, but the head of the ECB has insisted […]