Don’t buy Bitcoin’s dishonest attempt to paint itself green

News Snapshot:

Bitcoin’s most ardent supporters have launched a campaign to depict Bitcoin as good for the environment. The truth is that the “mining” of Bitcoin is a major contributor to the carbon emissions driving climate change, annually releasing as much CO2 into the atmosphere as countries like Norway, Sweden or Chile. Since China kicked out crypto miners, the industry urgently needed to establish a friendly environment in the U.S. Consequently, it has launched a major public relations and lobbying effort here to masquerade as an environmental leader. Bitcoin companies aim to persuade lawmakers to create favorable legislation, as acknowledged by Jayson...