Bitcoin News and Finance: What You Need to Know

Two U.S. lawmakers have joined forces in an effort to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler. “2024 would be a great time to fire Gary Gensler, pass the SEC Stabilization Act, [and] hold the SEC accountable for its corruption,” Congressman Warren Davidson announced. ‘2024 Would Be a Great Time to Fire Gary Gensler’ Representatives Warren Davidson (R-OH) and Tom Emmer (R-MN) are seeking to remove Gary Gensler as the chairman of the U.S. Securities and Exchange Commission (SEC). Congressman Davidson wrote on social media platform X Thursday: 2024 would be a great time to fire Gary Gensler, pass the SEC Stabilization Act, hold the SEC accountable for its corruption, and end the accredited investor rule that protects deal flow for the donor class. Davidson introduced the SEC Stabilization Act earlier in June to fire Gensler as the chair of the securities regulator. He previously explained that the bill would “remove the role of chairman,” noting: “It w...

On Dec. 29, 2023, past 6 p.m. Eastern Time (ET), the Department of Justice (DOJ) conveyed in a letter to Judge Lewis Kaplan its decision to not move forward with a subsequent trial against Sam Bankman-Fried, the ex-CEO of FTX. FTX’s Bankman Fried Avoids Second Trial According to several reports on Friday evening, prosecutors have decided against pursuing a second trial against Sam Bankman-Fried (SBF). Matthew Russell Lee of the Inner City Press disclosed the update on X, posting a snapshot of the DOJ’s letter and also distributing it on his Patreon . “So no evidence and cross examination about the campaign finance and China bribe counts, no getting to the bottom of who took the money,” Russell Lee wrote on Friday. “It is known that officials in the Bahamas, whose request to drop these charges DOJ cited in severing them, took SBF’s and FTX customers’ money.” Following the announcement, the X user known as ‘amuse’ weighed in on the development. “Shock: SBF won’t force Biden to ...

The CEO of the Chamber of Digital Commerce says the Senate Ethics Committee should launch a full investigation on Senator Elizabeth Warren for making false and misleading statements about crypto. “Senator Elizabeth Warren has misled the American people as well as the U.S. Congress on multiple fronts,” she stressed. ‘Senate Ethics Committee Should Launch a Full Investigation’ Chamber of Digital Commerce founder and CEO Perianne Boring slammed U.S. Senator Elizabeth Warren (D-MA) for making false and misleading statements regarding cryptocurrency in an interview with Fox Business on Thursday. “Senator Elizabeth Warren has misled the American people as well as the U.S. Congress on multiple fronts,” the Chamber of Digital Commerce chief began. “First, she’s misled us to believe that crypto has an AML [anti-money laundering] problem,” she continued, emphasizing: It does not have an AML problem. The vast majority of illicit finance go through the traditional financial system and legacy...

In recent years, attention has centered on bitcoin mining, particularly its energy usage in securing the network and validating transactions through proof-of-work (PoW). As generative artificial intelligence (AI) emerges as a major force in technology, it’s encountering similar environmental concerns. Moreover, advocates of bitcoin are drawing parallels between the criticisms of AI’s energy demands and those directed at cryptocurrency mining. Eco-Impact of AI: Facing the Environmental Challenges of Innovation Although AI has generally received acclaim in the press, its consumption of electricity and water has recently sparked considerable debate. Numerous online articles decry the significant resources AI utilizes, including a Rolling Stone piece alleging that “Microsoft’s global water consumption spiked in a year to nearly 1.7 billion gallons.” The article oversimplifies the intricate issue by comparing AI’s water usage to that of 2,500 Olympic-sized swimming pools. The digital ...