Crypto executives have accused U.S. politicians of making 'misleading' and 'provably false' statements about Bitcoin 😬
Major crypto executives have written to the U.S. Environmental Protection Agency to dispel myths surrounding Bitcoin mining.
The 11-page letter written by crypto industry heavyweights aims to dispel "misperceptions" about how BTC mining works — and highlights some of the problematic statements the politicians made. "There are no pollutants, including CO2, released by digital asset mining. Bitcoin miners have no emissions whatsoever … Digital asset miners simply buy electricity that is made available to them on the open market, just the same as any industrial buyer."The letter also rejects claims that a single Bitcoin transaction could power the average U.S. household for a month — describing this as "patently and provably false.
While politicians in Congress described PoS as a "less energy-intensive cryptocurrency mining technology," the crypto executives corrected them — and said this was "misleading." They added:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Stories: Ethan Lou shares experience of crypto conference in North KoreaCrypto is worldwide, even in North Korea. Canadian journalist Ethan_Lou recounts his experience attending a cryptocurrency conference in the country.
Read more »
Bitcoin conference and a bad trip to North Korea | Crypto Stories Ep. 10“Want to go to a crypto conference in North Korea?” is not a commonly asked question, but it was asked to Canadian journalist Ethan Lou. This is the incredib...
Read more »
Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using Cryptocurrency – Regulation Bitcoin NewsThe crypto industry is lobbying lawmakers against 2 bills aimed at preventing Russian oligarchs from using cryptocurrency to evade sanctions. crypto bitcoin $BTC
Read more »
Crypto is winning, and Bitcoin diehards are furious about itCrypto is winning and Bitcoin diehards are furious about it
Read more »
Sequoia Capital Partner Believes Lots of VCs Will Pull Back From Crypto – Bitcoin NewsShaun Maguire, a crypto partner in Sequoia Capital, one of the most active VC firms, is not very optimistic about the future of other venture capital companies in the sector.
Read more »
New York Luxury Gym Club to Accept Membership Payments in Crypto: ReportEquinox luxury fitness club will begin taking cryptocurrencies as payment for its membership, a source has confirmed.
Read more »