Proof-of-Work Ban Removed From EU Bill 

The European Union scrapped language from the Markets in Crypto Assets(MiCA) legislation that would have effectively banned consensus proof-of-work mechanisms, in other words, Bitcoin and math. Details On The MiCA Legislation Stefan Berger, the European Parliament member in charge of driving the bill dubbed the Markets in Crypto Assets (MiCA) legislation, confirmed the language’s removal […]

Elon Musk: “I Won’t Sell My Bitcoin”

elon musk bitcoin

Elon Musk, Telsa CEO and business magnate, advised that it’s generally better to own physical things ”like a home or stock in companies” than to hold a debasing currency. He ended, ”I still own and won’t sell my Bitcoin.” Musk HODLs Bitcoin We all know about Tesla’s $1.5 billion investment in Bitcoin. Reports suggest Musk […]

Why Today’s EU Bitcoin Regulation Vote Doesn’t Matter

Today's EU Bitcoin Regulation Vote

The European Union is set to vote today on the Markets in Crypto Assets legislation. Among other things, this could make bitcoin and other energy-intensive proof-of-work currencies illegal. However, they removed the relevant part at the last minute. It’s still a very big issue though; here’s why: EU parliamentarians among others have been using energy […]