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Why everyone from Elon Musk to Janet Yellen is worried about bitcoin s energy usage CNBC 3 hrs ago Ryan Browne
Elon Musk said Tesla had halted purchases of vehicles with bitcoin due to concerns over the rapidly increasing use of fossil fuels for bitcoin mining.
The cryptocurrency uses more energy than entire countries such as Sweden and Malaysia, according to researchers.
Treasury Secretary Janet Yellen has also warned about bitcoin s environmental impact, saying it uses a staggering amount of power.
Tesla suspends use of bitcoin as payment over environmental concerns
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Elon Musk s decision to stop Tesla from accepting bitcoin as payment has led to fresh scrutiny of the cryptocurrency s environmental impact.
The speech gave a hint of new legislation that will bring forward reforms for the environment.
But what the industry thinks?
Great to see green jobs creation at the heart of the policy agenda
RenewableUK’s Head of Public Affairs Nathan Bennett said: “It’s great to see the government putting job creation and in particular the development of new skills and training at the heart of their policy agenda, as part of the green economic recovery after the pandemic.
“Ministers are right to highlight the massive opportunity which the UK has to demonstrate global leadership on tackling climate change at the COP26 Summit in Glasgow in November.”
In a survey conducted by the United Kingdom’s Emerald Publishing, researchers say they’re not satisfied with how academic publishing presents their work to a world that needs to understand it.
In Brussels, December 21, 2020. The billboard over the Pfizer building entrance says, ‘#ScienceWillWin’. Image – Getty iStockphoto: Alexandros Michailidis
Sally Wilson: ‘A Clear Role to Play’
It’s hard to think of a time in recent memory when so many have questioned so much scientific research. Almost any guidance from public health scientists today triggers questions and challenges from citizens exhausted by the coronavirus COVID-19 pandemic. People who don’t know an mRNA vaccine from a shot of vodka are in researchers’ faces, while government health services are continually assailed for changing the protocols and contradicting their own precautions.
Illustration by Alex Cochran, Deseret News
Elon Musk may be bringing the laughs on “Saturday Night Live” this week, and Dogecoin investors will be laughing their way to the bank because of it.
Dogecoin recently hit an all-time high, reaching a value of $0.45 on Monday. This happened days before Tesla CEO Elon Musk will make his appearance on “Saturday Night Live,” according to Benzinga.
And many are expecting Musk to talk about Dogecoin on the show, which would drum up interest and queries about the cryptocurrency and raise its value.
Musk said on Twitter that “the DOGEFATHER” would “definitely” appear on “Saturday Night Live.” This is a direct reference to his nickname, which is a play on the “Godfather.”