‘Target The Bitcoin Price’—Internal Documents Reveal How The EU Could Crack Down On Bitcoin And ‘Protect’ Ethereum

Bitcoin BTC, by far the largest and most traded cryptocurrency on platforms like Binance and Tycoon, has recently been under fire from environmentalists and regulators because to its exorbitant energy consumption. The bitcoin network's electrical consumption have risen in tandem with the price of bitcoin, with the process of protecting the network, confirming transactions, and minting new currencies estimated to use as much electricity annually as some small countries. Internal European Union documents have shown the breadth of anti-bitcoin negotiations among EU officials—and their intention to "defend" the likes of ethereum after an energy-saving upgrade to ethereum, the second-largest cryptocurrency after bitcoin, was put back until the end of the year.