EU Wants To Curb Crypto Mining

Blockchains feature prominently in the European Union's new action plan to digitalize the energy system. The world’s largest trading bloc is trying to limit its energy consumption amid rising prices, tightening supplies, and ongoing war between Russia and Ukraine – and it’s cast a skeptical eye on crypto mining. The European Commission wants to curb energy-intensive proof-of-work blockchains, Bitcoin chief among them. At the top of today’s Real Vision Crypto Daily Briefing, Elaine Ly and Marco Olivera assess the EU's plan to label blockchains according to their impact on the environment and what it means for the world’s No. 1 cryptocurrency. Also on the docket are new details about the meltdowns at Voyager Digital and Three Arrows Capital as well as the liquidation of Berlin-based crypto bank Nuri. And Mike Cahill, a director at Pyth Data Association, joins Elaine and Marco to talk about traditional finance moving on-chain through decentralized oracle solutions. Learn more about your ad choices. Visit podcastchoices.com/adchoices