EU Puts Bitcoin in Crosshairs With Crypto Energy Labeling Plan – Bloomberg

EU Puts Bitcoin in Crosshairs With Crypto Energy Labeling Plan – Bloomberg

Blockchain Crypto Market Technology
October 20, 2022 by Coinvasity
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Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens.Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.The science of human hibernation and “torpor” may soon catch up with science fiction, not only facilitating
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Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens.
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
The science of human hibernation and “torpor” may soon catch up with science fiction, not only facilitating space travel but potentially helping treat cancer.
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The European Union will develop an energy efficiency label for cryptocurrencies like Bitcoin in a bid to rein in the growing electricity consumption of the industry.
The European Commission will work with international partners to come up with a grading measure that will encourage more environmentally friendly crypto systems, such as “proof of stake,” according to a draft proposal seen by Bloomberg News set to be announced Tuesday. The EU will also call on countries to target miners’ energy consumption this winter as it tries to navigate the season with far less Russian gas.

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