Analysis Today TheBitTimes.com

Although many critics of the cryptocurrency sphere and Bitcoin (BTC), in particular, base their objections on their alleged negative impact on the environment, data suggests that such perceptions are not correct, and Bitcoin might even be more sustainable than electric vehicles (EVs). Specifically, the Bitcoin network uses 52.6% sustainable energy , making it the world’s leading industry user of sustainable power, according to the Analysis by Daniel Batten, co-founder of CH4Capital.com and investor in sustainable technologies, published on November 13. As per his research, mining the Proof-of-Work (PoW) cryptocurrency uses more sustainable energy than the banking sector (39.2%), industrial sector (32%), agricultural sector (19.6%), gold industry (12.8%), as well as iron and steel industry (9.8%). Bitcoin mining sustainability. Source: Daniel Batten Bitcoin industry grows, emissions decline Furthermore, as Batten added, emissions produced by mining Bitcoin have not grown in ...

The IRS proposed the new crypto tax reporting rules in August earlier this year and if approved the new crypto tax regime will come into effect from January 2026. Coinbase crypto exchange chief legal officer Paul Singh Grewal called upon the crypto community to join the movement against the United States Treasury’s proposed tax reporting regulations on crypto currencies. Grewal urged the community to oppose the proposed regulations as it could set a dangerous precedent for surveillance. Grewal took to X (formerly Twitter) to address the concerns associated with the proposed crypto tax reporting rules and claimed that the proposed regulations go beyond the congressional mandate to establish tax reporting rules. He added that if the proposed regulations become a law, it would put the “digital assets at a disadvantage and threaten to harm a nascent industry when it's just getting started. “ Everyone who cares about fairness and supports American innovation should chime in on Tre...