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Sweden wants Europe to ban Bitcoin mining

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Cryptocurrency mining is a very common practice in the tech segment. However, we know that this is an action that has a certain impact on the environment as it consumes a lot of energy and resources.

So now Sweden wants Europe to ban Bitcoin mining in order to reach the 1.5 ° C climate target set in Paris.


Sweden wants Europe to ban Bitcoin mining

Swedish authorities are asking the European Union to ban mining of cryptocurrencies, namely bitcoins, due to their "energy intensive".

Erik Tedeen, director of Sweden's Financial Conduct Authority, and Bjorn Reisinger, director of the Swedish Environmental Protection Agency, the growing use of energy for bitcoin mining threatens Sweden in its quest to fulfill its obligations under the Paris Climate Agreement. ...

Tedin and Reisinger highlighted that energy consumption from Bitcoin mining in the Scandinavian country has increased by “several hundred percent,” with the current energy consumption equivalent to 200,000 households. Thus, the reduction or complete cessation of mining operations will mean significant energy savings that will help the country to more easily achieve its goals.

In an open letter, the heads of Sweden's major financial and environmental regulators called on the entire EU to ban cryptocurrency mining. One of the main problems that caused this interference is the “proof of work” system used by the user to confirm work performed, used in many of the most popular cryptocurrencies in the world, such as Bitcoin and Ethereum.

The mining of digital coins in the Nordic countries has increased in recent months. However, Tedin and Reisinger point out that as renewable energy is diverted from industrial, transportation, and domestic uses, it in turn is channeled towards mining bitcoin and other cryptocurrencies.

According to the directors:

It is currently possible to travel 1.8 million kilometers in a midsize electric vehicle with the same energy required to mine a single bitcoin.

This is equivalent to 44 circles around the globe. And 900 bitcoins are mined every day. This is an unwise use of our renewable energy.

Do you agree with the proposal to stop mining bitcoin in Europe?

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US and European allies remain committed to “Ukraine’s territorial integrity” – News

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In a statement, the White House said that Biden had informed the leaders of France, Germany, Italy and Britain about a virtual summit with Putin, at which he warned Moscow about “the grave consequences of Russian military intervention in Ukraine.”

In their contacts, the Western leaders stressed “their commitment and support to the sovereignty and territorial integrity of Ukraine,” the statement said.

And they established that their teams will remain in close contact, including in consultation with NATO allies and European Union partners, in a “coordinated and comprehensive” approach.

Joe Biden also informed these NATO allies that in an interview with his Russian counterpart, he stressed “the need to reduce conflict and return to diplomacy,” according to the same source.

The White House has already reported that at a virtual summit, Biden told Putin that Russia risks “tough sanctions, including economic ones” in the event of a military escalation in Ukraine.

Biden expressed “deep concern” for the United States and its allies about the increase in Russian troops on the border with Ukraine, the White House continued, before adding that the two heads of state also touched on cybersecurity issues and their “joint work on regional issues such as Iran.”

The US president has refused to make “promises or concessions” to Russian head of state Vladimir Putin, who basically wants NATO to close its doors to Ukraine.

The Americans also noted that the future of the Russian Nord Stream 2 gas pipeline, which will transport Russian gas directly to Western Europe via Germany, would be in jeopardy if Russia invaded Ukraine, indicating talks with the German government on this issue.

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Biden also stressed to Putin that Washington will take a tougher stance than in 2014, when Moscow annexed Crimea.

Following Biden’s talks with European allies, French President Emmanuel Macron said he would take on mediation with his Ukrainian counterparts Vladimir Zelensky and Russian Vladimir Putin in an effort to avoid conflict.

Macron stressed that he remains committed to “continuing to explore all ways and means to ensure that tensions between the two countries are reduced,” Paris said in a statement disclosing meetings with Zelenskiy and Putin.

After talking with Biden, Vladimir Putin made it clear that he had condemned his North American counterpart today about NATO’s growing military potential along Russia’s borders and asked for “guarantees” about the Alliance’s non-proliferation eastward.

The Kremlin denies any invasion projects and has accused Washington of ignoring its concerns: growing NATO activity in the Black Sea, Ukraine’s intentions to join the Atlantic Alliance, and Kiev’s desire to continue to receive weapons from the West.

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One of Jamal Khashoggi’s alleged killers arrested in France

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Border police at Roissy Charles de Gaulle airport detained 33-year-old Khalid Alotaibi as he was about to fly to Riyadh, a source close to the case said.

The man is in custody and is awaiting submission on Wednesday to the Paris Court of Appeal, which will issue an international arrest warrant requested by Turkey, the source said in court.

According to US and UK government documents consulted by AFP, Alotaibi is suspected of being part of a team of a dozen Saudis sent to the country’s consulate in Istanbul on October 2, 2018 to “execute” Khashoggi and “cover up evidence.”

However, the detainee may refuse to extradite to Turkey. In this case, the court may ask you to remain at large in France, subject to judicial control or pre-trial detention, pending a decision on whether to accept the transfer.

The arrest came three days after French President Emmanuel Macron shook hands with Saudi Arabian Prince Mohamed bin Salman during a criticized meeting in Jeddah, Saudi Arabia.

The international image of the heir was tarnished by the murder of a close-to-power journalist who worked for The Washington Post and was dismembered at his country’s consulate in Turkey by a team of Saudi agents. Your body never appeared.

A US intelligence report, released at the behest of President Joe Biden, accuses the crown prince of “approving” the assassination of this staunch critic of the Saudi government.

During his visit to the Gulf countries, the French head of state defended a dialogue with Saudi Arabia with the aim of “working for stability in the region”, although he clarified, speaking of a crime, that this does not mean “relax”.

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“We talked about everything without taboo. And obviously we raised the issue of human rights (…) and it was a direct discussion, ”said Emmanuel Macron after the meeting.

While denying the murder, Riyadh admitted that it was committed by Saudi agents acting alone. An obscure process in Saudi Arabia resulted in five people being sentenced to death before their sentences were commuted, and three to prison terms.

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UAE Changes Work Schedule To Increase Country Competitiveness

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The UAE is cutting its workweek to four and a half days and moving weekends from Friday and Saturday to Saturday and Sunday, an important step towards improving the country’s competitiveness.

The “National Work Week” will be mandatory for government agencies from January 1 and is in line with the regional full day off Friday for Muslim prayers.

While it will become the only Gulf state not to have a Friday-Saturday weekend, the move will bring the resource-rich and ambitious UAE closer to the non-Arab world.

According to the new schedule, the public sector weekend starts at noon on Friday and ends on Sunday. Friday prayers in mosques will be held after 13:15 throughout the year.

The move aims to “better align the UAE with global markets,” state news agency WAM said, citing the new workweek as the shortest in the world. “The UAE is the first country in the world to introduce a national work week that is shorter than a five-day global week,” the agency said in a statement.

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