Former FTX CEO Sam Bankman-Fried responded to an invitation from lawmakers to testify at the next Congressional hearing, saying he might not be ready...

Congresswoman Maxine Waters has been heavily criticized for saying that she appreciates former FTX CEO Sam Bankman-Fried (SBF) being candid in his discussions about...

The Digital Commodities Consumer Protection Act (DCCPA) bill has been delayed.In a congressional hearing on Dec. 1, Senators Debbie Stabenow and John Boozman confirmed...

Advertisement &nbsp &nbsp U.S. lawmakers are set to probe into the details surrounding the collapse of FTX. The congressional hearing could see Binance CEO...

House Financial Services Committee to Call SBF to Testify on Exchange’s Failure and Practices In a year when regulators and lawmakers were bearing down on...

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The once-promising cryptocurrency project Diem (Libra) ended up sold to Silvergate Capital less than three years later.

Erik Thedéen, the Vice-chair of the European Securities and Markets Authority, recently recommended a ban on proof-of-work mining in the EU. Citing its impact on Sweden, he stated, “It would be an irony if the wind power generated on Sweden’s long coastline would be devoted to Bitcoin mining.” Regulators analyze mining impact Previously, Norwegian authorities […]

This episode is sponsored by Nexo, Abra and FTX US. Download this episode This week on the “Weekly Recap,” NLW breaks down the House hearing on energy in the crypto industry. He looks at problems with the advance memo and provides refutations of some of the misunderstandings. See also: Witnesses Debate Crypto Mining's Efficiency in…

The post What Happened at Congress’ Bitcoin Energy Hearing? appeared first on Bitcoin News Miner.

A lack of knowledge on proof of work prevailed by most Representatives as they questioned the energy use of bitcoin mining.