White House Calls For Reduction Of Crypto Mining Environmental Impact – September 8

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$19,154

Bitcoin price reclaimed the $19,000 mark again yesterday, as price bounced back from a tough day of trading. Bulls are currently defending $19,000 support, as price slides from yesterday’s highs.

Top-20 altcoins appear to be performing well, as Ethereum gains 5% over the last 24 hours, BNB rises 4% and XRP gains 2%.

Top Stories for September 8, 2022 🔥

👉 White House Calls For Reduction Of Crypto Mining Environmental Impact

The White House has called for the development of standards for crypto mining and its impact on the environment, in a report published by the Office of Science and Technology Policy.

The report seeks to research and set standards on the intensity and source of energy used, noise pollution, water usage and potential carbon-free energy that can be used in the industry.

If the measures prove ineffective at reducing the impact of crypto mining, the report states that the Administration should explore executive actions limiting energy use for crypto mining purposes.

👉 Fed Chair Powell Calls For Stablecoin Legislation

Federal Reserve Chair Jerome Powell has called for legislation on stablecoins, saying that they must be “appropriately regulated” to play a role in the financial system.

Powell says stablecoins should provide consumers with transparency and full reserves of quality, liquid assets. The comments come after a failed summer push to release a draft stablecoin bill.

👉 Bitpanda Adds Commodities Trading To Platform

Crypto exchange Bitpanda has added commodities trading to its platform, enabling users to speculate on instruments including oil, wheat and natural gas.

Bitpanda CEO Eric Demuth says that the line between traditional finance and decentralized finance is becoming more and more blurred, with speculators wanting to trade multiple asset classes simultaneously.