The vice chair of ESMAComms says the European Union should look at a bloc-wide ban on proof-of-work crypto mining, according to a report. By JamieCrawleyCD
Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining.
Jan 19, 2022 at 9:30 a.m. UTCUpdatedJan 19, 2022 at 9:30 a.m. UTCEU Parliament (areporter/Shutterstock)Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA).
Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining."The solution is to ban proof-of-work," he said."Proof-of-stake has a significantly lower energy profile."Read more: CoinDesk »
2022 Toyota GR86 review: price, specs and release date
Lightweight sports coupe makes a return with the promise of more power and sharper handling, under a slightly different name. Is the Toyota GR86 any good? Read more >>
ESMAComms JamieCrawleyCD EU’s loss is North America’s gain… US and Canada quickly becoming the center of the Bitcoin mining world… ESMAComms JamieCrawleyCD Thanks $HEIST for such a big project this one gonna blow up get urself a bag and let's go to the MOON $HEIST is gonna blow up unlike anything we've seen before, the devs and community are strong SHEIST / SHIBAHEIST / SHEISTARMY / $HEIST
ESMAComms JamieCrawleyCD RETWEEETME RETWEEET RetweeetPlease XRP XDCisKing no ?'s 🤔 ESMAComms JamieCrawleyCD fusionprotocol - pos ESMAComms JamieCrawleyCD Metaking token is now 0.7$ buy it while you can before the pump 🔥🔥 demolishes the market metaking to the moon 🚀🚀🌕 💸💸 ESMAComms JamieCrawleyCD FINALLY! Stop these complete-waste-of-everything Ponzi schemes!
ESMAComms JamieCrawleyCD JamieCrawleyCD ESMAComms JamieCrawleyCD Does he even know what PoW is? Has he even researched or read what is it about or just wants to ban it due to their ideological nonsense? I m going to leave this report, don't know if he'll be able to read it though ESMAComms JamieCrawleyCD Tell me you're threatened by Bitcoin without telling me you're threatened by Bitcoin.
ESMAComms JamieCrawleyCD 🍇
Bitcoin Mining Ban Proposed by Top EU Financial RegulatorA leading EU financial regulator is calling for prohibiting Bitcoin mining They can yell all they want. Bitcoin is unstoppable! Just ban all PoW coins and be done with the old way. Just a call to buy cheap 😂
ESMAComms JamieCrawleyCD If this fella is elected and might represent a part of European citizens his opinion would matter, if not, not much though that it would be indicative for European member states.
Crypto Markets Lose $100 Billion Daily as Bitcoin Dips Below $42K (Market Watch)The crypto market cap is down by roughly $100 billion in a day as bitcoin and most altcoins went on another ride south.
Europeans Support Stronger EU Car Emissions RulesA large majority of people support stronger EU air pollution rules for carmakers to make vehicles as clean as possible, a new YouGov survey shows. Roflmao. It is the movies. Not reality. 3/4 of Europeans believe the sale of gas cars should be banned immediately. “manufacturers should be legally obliged to reduce emissions from new cars as much as technically feasible.” “In April, the EU Commission is expected to propose new “Euro 7” rules, which will set legal limits for almost 100 million petrol and diesel cars that will be sold in Europe after 2025.” Ban the sale of new petrol and diesel cars.
European Stocks Drop as Yields Tick Higher, EU Stocks, DAXUptick in US -2 year yield has EU equities trading lower – in lead up to Fed meeting next week. Get your market update from RichardSnowFX here:
'We don't want to isolate Mali', EU envoy says despite sanctions planThe European Union and its partners do not intend to isolate Mali and its military-led government, the EU's special envoy to the Sahel said, calling for talks despite a plan to severely sanction the country for failing to organize elections
Financial Market Committee Chair Aksakov Joins Calls for Identification of Russian Crypto Owners – Regulation Bitcoin NewsAnatoly Aksakov, head of Russia's Financial Market Committee, has insisted that Russians owning coins should declare their digital assets. In other words, the people are getting rich so let me tax them. We buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people how to earn 0.1BTC ($4,247) and more daily! No referral No withdrawal fees If interested, kindly send a DM They just want to tax crypto. But people will still buy crypto on finex.
By Jan 19, 2022 at 9:30 a.m. UTC Updated Jan 19, 2022 at 9:30 a.m. UTC EU Parliament (areporter/Shutterstock) Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA). Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining . "The solution is to ban proof-of-work," he said."Proof-of-stake has a significantly lower energy profile." The proof-of-work model involves miners using scores of powerful computers to solve complex mathematical problems in order to record transactions on the blockchain an be rewarded with new coins. The world's largest two cryptocurrencies - bitcoin and ether - both use this model. Proof-of-stake mining is less energy intensive in that users win the right to record transactions based on how much investment - or"stake" - they have in the network. Ether has plans to migrate to a proof-of-stake model later this year. The EU does not currently account for a particularly significant share of the proof-of-work mining industry. Bitcoin mining is currently dominated by the U.S. (share of 35.4%), Kazakhstan (18.1%) and Russia (11.23%),