RATE Group | Bitcoin climate fears and other crypto news this week – Axios
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Bitcoin climate fears and other crypto news this week – Axios

04 Nov Bitcoin climate fears and other crypto news this week – Axios

Posted at 11:11h in Bitcoin News by

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No, Bitcoin won’t destroy our climate by 2033 (Axios)

  • Why it matters: A new study predicts that Bitcoin’s usage will cause such a large amount of greenhouse gas emissions that it will affect our climate.
    • But some of the assumptions are questionable, namely not accounting for the rise of renewables, the likelihood that mining shifts to countries with cleaner energy, and that it’s hard to predict what will ultimately happen to Bitcoin.

The SEC has shut down more than a dozen illegal ICOs in the past year (SEC website)

  • Why it matters: “Given the explosion of ICOs over the last year, we have tried to pursue cases that deliver broad messages and have market impact beyond their own four corners,” the commission’s Division of Enforcement writes in its annual report.
    • Since the explosion of digital tokens and ICOs last year, the SEC has been ramping up it enforcement actions against nefarious players, including a number of fraudsters. Three of those issuers raised a total of $68 million via…

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