• Latest
  • Trending
  • All
Elizabeth Warren Blasts Bitcoin Mining For Hurting American Wallets And Enriching Crypto Execs By Benzinga

Elizabeth Warren Blasts Bitcoin Mining For Hurting American Wallets And Enriching Crypto Execs By Benzinga

April 18, 2023
ChatGPT Predicts Shiba Inu, Dogecoin, HedgeUp are Positioned to 30X in June

ChatGPT Predicts Shiba Inu, Dogecoin, HedgeUp are Positioned to 30X in June

June 2, 2023
Build a high-growth portfolio with InQubeta, Litecoin, & EOS

Build a high-growth portfolio with InQubeta, Litecoin, & EOS

June 2, 2023
TripCandy (CANDY) Rises 0.01%, Underperforms the Crypto Market Friday

TripCandy (CANDY) Rises 0.01%, Underperforms the Crypto Market Friday

June 2, 2023
Twitter CEO Elon Musk Accused of Insider Trading in Amended Dogecoin (DOGE) Class Action Complaint: Report

Twitter CEO Elon Musk Accused of Insider Trading in Amended Dogecoin (DOGE) Class Action Complaint: Report

June 2, 2023
Coinbase Derivatives Exchange to Roll Out Bitcoin and Ethereum Futures Trading on June 5

Coinbase Derivatives Exchange to Roll Out Bitcoin and Ethereum Futures Trading on June 5

June 2, 2023
Accelerating AI & Innovation: the future of banking depends on core modernization

Accelerating AI & Innovation: the future of banking depends on core modernization

June 2, 2023
Weekly Recap: SBF in Hot Water, Binance’s Massive Layoffs

Weekly Recap: SBF in Hot Water, Binance’s Massive Layoffs

June 2, 2023
Stacks (STX) and Dogecoin (DOGE) Whales Add Sparklo (SPRK) to Their Portfolio

Stacks (STX) and Dogecoin (DOGE) Whales Add Sparklo (SPRK) to Their Portfolio

June 2, 2023
Bullish Signal? Ethereum Average Fees Declines 69% Since Early May

Bullish Signal? Ethereum Average Fees Declines 69% Since Early May

June 2, 2023
While hot TMS Network (TMSN) ignites, outperform Arbitrum (ARB … – Cyprus Mail

While hot TMS Network (TMSN) ignites, outperform Arbitrum (ARB … – Cyprus Mail

June 2, 2023
Innovation Blockchain Payment (IBP) Rises 0.01%, Underperforms the Crypto Market Friday

Innovation Blockchain Payment (IBP) Rises 0.01%, Underperforms the Crypto Market Friday

June 2, 2023
Did This Historical Line Act As Support Again?

Did This Historical Line Act As Support Again?

June 2, 2023
Friday, June 2, 2023
DLT EMPIRE
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market
No Result
View All Result
DLT EMPIRE
No Result
View All Result
Home Crypto Mining

Elizabeth Warren Blasts Bitcoin Mining For Hurting American Wallets And Enriching Crypto Execs By Benzinga

by Cuevas Antonio
April 18, 2023
in Crypto Mining
0
Elizabeth Warren Blasts Bitcoin Mining For Hurting American Wallets And Enriching Crypto Execs By Benzinga
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Benzinga – Senator Elizabeth Warren (D-MA.) has voiced concerns about the environmental impact and energy consumption of Bitcoin (CRYPTO: BTC) mining in the U.S.

What Happened: In a post on Monday, Warren argued that the rising popularity of cryptocurrency is causing increased energy bills for millions of American families while enriching crypto executives.

I’ve been ringing the alarm about the risks that Bitcoin poses to our power grids and climate. @EPA and @ENERGY should use their authority to require cryptominers to disclose their energy use and emissions.

— Elizabeth Warren (@SenWarren) April 17, 2023

According to Warren, Bitcoin mining consumes a massive amount of energy that is roughly equivalent to the energy usage of an additional 3.5 million gas-powered cars.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

She called on the Environmental Protection Agency (EPA) and the Department of Energy to take action and ensure that crypto miners disclose their energy usage and emissions.

Why It Matters: This is not the first time that the environmental impact of Bitcoin mining has been questioned. The process of validating transactions on the network involves solving complex mathematical equations that consume electricity.

Earlier, in October 2022 Warren sent a letter to the Electric Reliability Council of Texas and its CEO Pablo Vegas. In the letter, Warren accused Texas of being a “deregulated safe harbor” for crypto mining firms.

Price Action At the time of writing, BTC was trading up 0.11% over the last 24 hours at $29,915.91, according to Benzinga Pro.

Read More: Dogecoin Rises Even As Bitcoin, Ethereum Tumble: Analyst Predicts Start Of Full-Blown Alt Season

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Get The App

Join the millions of people who stay on top of global financial markets with Investing.com.

Download Now



Source link

Tags: AmericanBenzingaBitcoinBlastsCryptoElizabethEnrichingExecsHurtingMiningWalletsWarren
Share196Tweet123Share49
Cuevas Antonio

Cuevas Antonio

  • Trending
  • Comments
  • Latest
Rise of AI-Powered Cheating: Challenges and Solutions for Educators

Rise of AI-Powered Cheating: Challenges and Solutions for Educators

March 20, 2023
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

April 10, 2023
What is Cloud Mining and How Does it Work?

What is Cloud Mining and How Does it Work?

April 10, 2023
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

0
24 Crypto Terms You Should Know

24 Crypto Terms You Should Know

0
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

0
ChatGPT Predicts Shiba Inu, Dogecoin, HedgeUp are Positioned to 30X in June

ChatGPT Predicts Shiba Inu, Dogecoin, HedgeUp are Positioned to 30X in June

June 2, 2023
Build a high-growth portfolio with InQubeta, Litecoin, & EOS

Build a high-growth portfolio with InQubeta, Litecoin, & EOS

June 2, 2023
TripCandy (CANDY) Rises 0.01%, Underperforms the Crypto Market Friday

TripCandy (CANDY) Rises 0.01%, Underperforms the Crypto Market Friday

June 2, 2023

Recent News

ChatGPT Predicts Shiba Inu, Dogecoin, HedgeUp are Positioned to 30X in June

ChatGPT Predicts Shiba Inu, Dogecoin, HedgeUp are Positioned to 30X in June

June 2, 2023
Build a high-growth portfolio with InQubeta, Litecoin, & EOS

Build a high-growth portfolio with InQubeta, Litecoin, & EOS

June 2, 2023
TripCandy (CANDY) Rises 0.01%, Underperforms the Crypto Market Friday

TripCandy (CANDY) Rises 0.01%, Underperforms the Crypto Market Friday

June 2, 2023

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Business
  • Crypto Mining
  • Cryptocurrencies
  • Culture
  • Dogecoin
  • Economy
  • Education
  • Ethereum
  • Featured
  • Governance
  • Litecoin
  • Market
  • News
  • Uncategorized

Converter

Cryptocurrency Prices by Coinlib

© 2023 Dlt Empire | All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market

© 2023 Dlt Empire | All Rights Reserved