Bitcoin rises to nearly $40,000, as Elon Musk and Michael Saylor announce the formation of the ... [+] Bitcoin Mining Council. The meeting resulted in a newly-formed Bitcoin Mining Council, focused on promoting the adoption of sustainable cryptocurrency mining initiatives. “Spoke with North American Bitcoin miners. “The newly-formed Bitcoin Mining Council is the next logical step in fostering a sectoral shift to renewable energy,” said Peter Wall, chief executive of Argo Blockchain, in a written statement to Forbes. Aside from a more acute focus on the environmental impact of bitcoin mining, the industry is also facing an intensifying crackdown on bitcoin mining and trading activities by Chinese authorities.

Source: Forbes May 24, 2021 22:20 UTC