News Snapshot:
It’s Monday, July 25, and China is continuing to crack down on cryptocurrency. A court in China cited the climate toll of cryptocurrency when it affirmed a ruling striking down a bitcoin mining contract. According to the decision, released earlier this month, the emissions generated by bitcoin mining exacerbate climate change and are incompatible with the country’s goal of reaching carbon neutrality by 2060. Bitcoin mining is an energy-intensive process that uses many computers to verify transactions to its digital legers. According to Climate Home News , the case in question involved a disputed business contract in which one company...
