Bitcoin Mining Council Write Rebuttal to US Regulator About Environmental Impacts of Crypto

Tech executives from the Bitcoin Mining Council have penned an open letter to the U.S. Environmental Protection Agency (EPA) refuting assumptions about the energy consumption of crypto mining. The letter, put forth by council members like Grayscale CEO Michael Sonnenshein, Microstrategy CEO Michael Saylor, and Block (formerly Square) founder Jack Dorsey, was addressing statements from The post Bitcoin Mining Council Write Rebuttal to US Regulator About Environmental Impacts of Crypto appeared first on Coin Bureau.

Timeline of Bitcoin

As Bitcoin (BTC) continues to stay in a period of strong consolidation and correction, Bitcoin miners are now resolving to their own way of “yield farming”. Bitcoin mining giants like Marathon Digital and Riot Blockchain often believe in their HODLing strategy for long-term gains.

The king of cryptocurrency, Bitcoin, has slumped below its price support following crucial development on EPA environmental issues and other factors. Bitcoin price is now at $38,832.74 as of this writing.

The Bitcoin Mining Council has released a report that confirms that 58.4% of Bitcoin mining comes from a “sustainable electricity mix.” Elon Musk famously said that Tesla would start accepting when  “there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.

Bitcoin titans Jack Dorsey, Michael Saylor, and Tom Lee collaborated on a letter to the U.S. Environmental Protection Agency in defense of Bitcoin mining's alleged impact on the environment.  Together, they have refuted claims by House democrats who are tapping on the EPA to investigate the so-called devastating effects that crypto mining has on the

Bitcoin over the weekend was seen trading below its critical price support as broader market weakness continues. Traders' confidence in the asset has remained quite low considering the selling pressure in the market.

Bloomberg Intelligence analyst Mike McGlone says that the blue-chip crypto assets are set to outperform other commodities by the end of the year. In a new interview on the Scott Melker podcast, McGlone says that leading digital assets Bitcoin (BTC), top smart contract platform Ethereum (ETH), and ETH competitor Solana (SOL) will resume their uptrend The post Bitcoin, Ethereum and Solana To Resume Uptrend by the End of the Year, Says Bloomberg Analyst – Here's Why appeared first on The Daily Hodl.

Bitcoin follows a rangebound trajectory as the financial world trends to the downside. The first crypto by market cap is moving around critical areas of support as it was rejected from the low $40,000s.

On-chain data shows while the price of Bitcoin has continued to struggle recently, miners have shown diamond hands. Bitcoin Miner Reserve Holds Still Amid The Recent Price Consolidation As pointed out by an analyst in a CrypoQuant post, BTC miners have been accumulating for some time now, and the dwindling price hasn't scared them.

On-chain data shows Bitcoin hasn't yet hit a bear market bottom as the supply in profit is still more than that in loss. Bitcoin Supply In Profit/Loss Says A Majority Of Network Is Still In Profit As explained by an analyst in a CryptoQuant post, past trend may suggest that the current BTC market still

The community-driven movie streaming platform, Angel Studios, has recently revealed in a filing with the U.S. Securities and Exchange Commission (SEC) that it purchased bitcoin worth more than $10 million.  In the filing, Angel Studios noted that its bitcoin purchase was part of its plan to diversify and maximize returns on its cash balances.