Today news
About the same in other media
Swedish call to ban crypto mining ‘completely misinformed,’ says fund manager
Reading now: 921
A Swedish financial watchdog’s call for a European Union-wide ban on proof-of-work (PoW) crypto mining, mainly known as the method of minting new Bitcoin (BTC), has received backlash from crypto-related fund managers.
Melanion Capital, a Paris-based alternative investment firm known for its Bitcoin ETF, addressed the Swedish Financial Supervisory Authority and Swedish Environmental Protection Agency’s call to ban PoW mining across Europe.
“The claim that Bitcoin miners jeopardize the electricity network is completely misinformed,” noted Melanion, reminding that Bitcoin miners’ business model is prone to collapse when the electricity demand increases as it would also increase energy prices.
The statement points to the authorities that have
Read more on cointelegraph.comAbout this in other media
Ukraine says it will not abandon NATO goal or give 'security guarantee' to Russia euronews.com /2 years ago
Bitcoin Capital AG launches two crypto ETPs on SIX Swiss Exchange cointelegraph.com /2 years ago
EU launches €300bn fund to challenge China’s influence theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
