BTC logo
BTC
$110,851.26
0.72%
ETH logo
ETH
$4,004.92
1.85%
USDT logo
USDT
$1.0004
0.04%
BNB logo
BNB
$1,181.12
0.16%
XRP logo
XRP
$2.4093
3.02%
SOL logo
SOL
$192.85
4.64%
USDC logo
USDC
$0.9999
0.01%
TRX logo
TRX
$0.3218
1.42%
DOGE logo
DOGE
$0.1971
2.76%
ADA logo
ADA
$0.6693
3.90%
RYO logo
RYO
$7.3490
1.24%
WLFI logo
WLFI
$0.1391
2.94%
HYPE logo
HYPE
$37.64
3.84%
LINK logo
LINK
$18.02
4.46%
USDE logo
USDE
$0.9999
0.04%
XLM logo
XLM
$0.3243
3.41%
BCH logo
BCH
$521.65
2.28%
SUI logo
SUI
$2.6708
4.65%
AVAX logo
AVAX
$21.80
3.38%
WBT logo
WBT
$42.01
0.60%
BTC logo
BTC
$110,851.26
0.72%
ETH logo
ETH
$4,004.92
1.85%
USDT logo
USDT
$1.0004
0.04%
BNB logo
BNB
$1,181.12
0.16%
XRP logo
XRP
$2.4093
3.02%
SOL logo
SOL
$192.85
4.64%
USDC logo
USDC
$0.9999
0.01%
TRX logo
TRX
$0.3218
1.42%
DOGE logo
DOGE
$0.1971
2.76%
ADA logo
ADA
$0.6693
3.90%
RYO logo
RYO
$7.3490
1.24%
WLFI logo
WLFI
$0.1391
2.94%
HYPE logo
HYPE
$37.64
3.84%
LINK logo
LINK
$18.02
4.46%
USDE logo
USDE
$0.9999
0.04%
XLM logo
XLM
$0.3243
3.41%
BCH logo
BCH
$521.65
2.28%
SUI logo
SUI
$2.6708
4.65%
AVAX logo
AVAX
$21.80
3.38%
WBT logo
WBT
$42.01
0.60%
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Limiting Proof-of-Work Crypto Back on the Table as EU Parliament Prepares Virtual Currencies Vote

A provision looking to force proof-of-work cryptocurrencies like bitcoin to switch to the more environmentally friendly proof-of-stake consensus mechanism is in a draft of MiCA up for a parliamentary vote on Monday.

By Sandali Handagama
Updated May 11, 2023, 6:23 p.m. Published Mar 12, 2022, 4:35 p.m.
The EU parliament is set to vote on a crypto legislative package that may seek to limit the use of proof-of-work cryptocurrencies. (Laura Zulian/Getty Images)
The EU parliament is set to vote on a crypto legislative package that may seek to limit the use of proof-of-work cryptocurrencies. (Laura Zulian/Getty Images)