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Amid Climate Summit Crypto Advocates Call for Clarity

Find out the green pursuits of the cryptocurrency industry players. Know what solutions are being offered by them.

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Amid Climate Summit Crypto Advocates Call for Clarity

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  1. Amid Climate Summit Crypto Advocates Call for Clarity According to Bloomberg News, the digital asset companies are not agreeing to the claims that the cryptocurrency sector is using excessive energy as the leaders of the world meet at Glasgow for the climate change talks. Global Digital Finance has members that include BitMEX, Crypto.com, and Coinbase Global Inc. have asked for greater transparency related to data and sustainability issues. The group published a report in which it has laid out environmental goals industrywide amidst the issues related to the contribution of Bitcoin to global warming. Bloomberg states that the report highlights how to best find out the effects of digital assets, looks into the social utility and sends warnings to the policymakers in issues related to making a trade-off.

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