Bitcoin and other cryptocurrencies made the whole world look at blockchain technology and its immense untapped potential. However, the arrival of a revolutionary technology like blockchain did not happen without some setbacks. The search for answers to “What is green blockchain?” has led to discussions about the environmental impact of blockchain. The term ‘green blockchain’ represents a new wave of innovation that aims to reduce the environmental footprint of blockchain technology.

Many people don’t know that the Proof of Work consensus mechanism used in blockchain networks consumes huge amounts of energy. One of the best examples of such blockchain networks is Bitcoin, which relies on crypto mining to verify and add transactions to its shared ledger. How much energy could the Bitcoin blockchain possibly consume that would cause harm to the environment? Let us find out the answer in a detailed guide on green blockchain. 

Unraveling the Meaning of Green Blockchain

The crypto mining process in Proof of Work consensus is a norm for verifying transactions in many blockchain networks. In this process, miners compete with each other to find solutions to mathematical problems and get the privilege to add transactions to the blockchain. The pursuit of mining rewards often undermines the substantial amounts of computational power required for mining. 

A review of the fundamentals of green blockchain explained for beginners would revolve largely around this issue. With the requirement of more computational power in mining, blockchain networks will consume more energy and impose a bigger carbon footprint. The road to achieve the vision for green blockchain will involve energy-efficient consensus mechanisms, renewable energy sources and layer 2 solutions.

Energy-efficient consensus algorithms can help in reducing energy consumption required to verify transactions in a shared ledger. As a result, the blockchain will be greener as it will consume fewer resources from the environment. The switch to renewable energy sources for traditional blockchain networks will also pave the road to green blockchain. Renewable energy from solar and wind will play a major role in reducing the carbon footprint of blockchain technology.

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Is Crypto Mining Bad for the Environment?

The growing momentum of discussions around green blockchain might have had you thinking about the reasons to talk about it in the first place. Wasn’t blockchain created as a perfect alternative to traditional centralized systems? You can understand the significance of green crypto mining only when you find the setbacks created by traditional cryptocurrency mining.

Blockchain technology gained recognition for its unique design that enabled computers on a distributed peer-to-peer network to reach consensus on updating a shared ledger of transactions. The earliest blockchain networks, Bitcoin and Ethereum, adopted the Proof of Work consensus mechanism that required competition for hashing data. The winner would get the opportunity to update the shared ledger and earn a mining reward, thereby transforming mining into a lucrative earning opportunity.

As the demand for crypto mining continues growing with the arrival of NFTs, new cryptocurrencies and other digital assets, the energy consumption has become a formidable concern. Just like any other business, miners would aim to reduce their costs and they can do the same by using cheaper energy sources like fossil fuels. However, burning fossil fuels creates a lot of greenhouse gases that are harmful for the environment. At the same time, drawing power from green energy sources can also lead to taking away energy from critical facilities.

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Road for Transformation to Green Blockchain

The pitfalls for the environment with blockchain networks that consume massive amounts of energy call for immediate green blockchain solutions. Interestingly, the energy consumption problem has been troubling the crypto community for a long time. Some critics have also pointed out that the environmental footprint of blockchain does not make it worth the effort to embrace the technology. However, you can also find solutions that aim to transform blockchain completely into a green technology. 

• Renewable Energy Sources 

Most of the crypto community agrees to the fact that blockchain networks like Bitcoin consume more energy. At the same time, the community also understands how the Proof of Work consensus and mining make Bitcoin unique, valuable and more secure. The urgency for developing renewable energy crypto coins is a direct call to resolve the problem of higher energy consumption in crypto mining. Most of the miners choose cheap energy sources like fossil fuels to earn more profit in mining rewards and end up causing more damage to the environment.

The shift to renewable energy sources for running and maintaining mining rigs will ensure a seamless transition to green blockchain. Members of the Bitcoin community have been looking for green energy sources in East Africa and El Salvador, which indicates the urgency of green blockchain. It is also important to understand that regulations for crypto mining will play a crucial role in fostering the adoption of renewable energy sources in crypto mining. As a matter of fact, the European Union and some other countries have been trying to create guidelines to prevent crypto mining initiatives that consume more energy.

• Energy-Efficient Consensus Mechanisms

Blockchain can achieve the transition into the green technology domain with the help of energy-efficient consensus mechanisms. Why shouldn’t you try other consensus mechanisms that don’t require energy-intensive mining? You can have a green crypto app that will not consume more energy when it has an energy-efficient consensus mechanism. The best example of a consensus mechanism that consumes less energy is Proof of Stake.

The Proof of Stake consensus requires picking validators to maintain the shared ledger on behalf of the entire network. Validators are picked on the basis of the number of tokens they stake in the network, thereby removing competition. As a result, the Proof of Stake consensus can work with a minimal amount of electricity. Ethereum showed the impact of Proof of Stake protocol by switching to the consensus mechanism and reducing energy usage by 99.9%. 

You can also come across examples of other energy-efficient consensus mechanisms that offer the same advantages as Proof of Stake. For instance, the Proof of History consensus mechanism of the Solana network helps in reducing energy consumption by almost 99%. 

The efforts to achieve green blockchain technology also focus on layer 2 solutions. With the help of layer 2 solutions, blockchain networks can reduce network congestion and energy consumption. The examples of green blockchain explained for beginners also include references to Lightning Network for Bitcoin.

Layer 2 solutions help in taking off many transactions from the main blockchain, thereby reducing the load on the network. With a lesser load, the network will consume lesser energy while ensuring faster, secure and transparent transaction processing.

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Final Thoughts 

The road to green blockchain is not far away with initiatives to make blockchain networks more energy-efficient being implemented everywhere. You can notice the shift towards green crypto mining in the case of Bitcoin. Members of the Bitcoin community have been exploring opportunities to use renewable energy sources. On top of it, some blockchain networks have changed their consensus mechanisms to reduce energy consumption. Ethereum is the ideal example you should consider to understand how consensus mechanisms can lower energy consumption by over 99%. Learn more about the different ways to leverage blockchain for promoting sustainability in the domain of technology with specialized blockchain certifications now.

On 14 August 2025, Binance reopened access to its suite of “Earn” products for eligible users in the UK following regulatory approval. Binance’s ongoing compliance reset is to mainly restore access to its full range of Binance Earn offerings for qualifying UK investors.

Binance Restores Earn Product Access for UK Professional Investors
This comes after regulatory clarification lifted earlier limitations on certain yield and lending products.
This enables Binance to once again provide qualified high-net-worth firms,investment experts and etc. pic.twitter.com/cyn3eNb79L

— T-8W2AETH (@8W2__) August 14, 2025

“Professional investors in the UK have been asking for access to our Earn products, and we are excited that today we can deliver that in full compliance with local regulations,” a Binance spokesperson said. “These are sophisticated clients who understand the asset class and want innovative, flexible tools to grow and manage their crypto portfolios.”

Binance’s move reverses restrictions introduced during a prolonged period of regulatory tightening in the UK that caused crypto promotions and product lines to be curtailed. So what does the reopening suggest? Binance has implemented required consumer-protection and marketing compliance measures to align with the UK rules.

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August 2025

UK Is Tough Jurisdiction For Crypto Marketing Rules

The UK has been a rather tough jurisdiction, specially for crypto marketing rules, after the Financial Conduct Authority (FCA) introduced strict “financial requirements” in 2023. This impacted feature availability across major exchanges.

Earn products such as savings, staking, and other yield-related offering had been limited or halted for UK users. This affected retail participation.

“Staking is unique because it’s not just about returns,” the Binance spokesperson said. “It’s about alignment. Professional investors see it as a way to actively contribute to the long-term success of the networks they believe in, while earning yields that can outperform traditional fixed-income products.”

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

UK to Cap Bank Crypto Holdings at 1% by 2026

The Bank of England is setting the stage for a big change in how British banks interact with cryptocurrencies. Starting in 2026, banks will face new limits on how much digital asset exposure they can take on. The move is part of a wider push to reduce risk and keep the traditional financial system from being rattled by crypto’s ups and downs. Transparency is an important part of the Bank of England crypto framework, with banks required to disclose their crypto activity in detail.

David Bailey, director of prudential policy at the Bank of England, explained the thinking behind the restrictions. In short, volatile assets like Bitcoin are too unpredictable to form a big chunk of a bank’s portfolio. Bailey called for a “conservative approach,” saying banks need to manage crypto in a way that protects both themselves and their customers.

Read More: Bank of England Crypto Rules Set 1% Cap for 2026

Binance Restores “Earn” Products for UK Users After Regulatory Green Light

After hitting a new multi-month high, Cardano (ADA) has retraced alongside the rest of the market. Some analysts suggest that the cryptocurrency is ready to reclaim crucial resistance levels and hit new highs in the coming months.

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Cardano Holds Crucial Support Despite Pullback

On Thursday, Cardano experienced an 11% drop after surpassing the $1.00 barrier for the first time since March. ADA’s retracement was fueled by the crypto market’s pullback, which saw massive liquidations throughout the day.

According to CoinGlass data, the crypto market saw over $1.05 billion in liquidations over the last 24 hours, driven by higher-than-expected macroeconomic signals. Notably, the PPI number revealed an annual headline inflation of 3.3%, way higher than the 2.5% forecast.

Additionally, the US Treasury Secretary Scott Bessent revealed that the US government will not be purchasing additional Bitcoin for its Strategic Bitcoin Reserve (SBR), established by President Trump in March 2025. Instead, the US will stop selling its BTC holdings and continue to build up the reserve’s stash through confiscated assets.

As a result, Bitcoin, which hit a new all-time high (ATH) of $124,128 on Wednesday night, retraced to the $117,000-$118,000 support zone, while the rest of the market turned red.

Nonetheless, Cardano has gone against the current, becoming the only cryptocurrency in the top 50 list to remain in green despite the broader market pullback, with a 3.5% increase in the daily timeframe.

In the last 24 hours, ADA has broken out of its local range, hitting a five-month high of $1.02 on Thursday morning. Amid the market drop, ADA held above its breakout level, hovering between the $0.89-$0.91 range over the past few hours, and it’s attempting to break out of its current levels.

ADA To Repeat Last Cycle’s Playbook?

Analyst Ali Martinez noted that ADA has been trading within a descending channel since the Q4 2024 rally, which saw the cryptocurrency hit its multi-year high of $1.32 in December.

During this period, Cardano has attempted to break out of the descending resistance twice, finally passing this barrier after surging above the $0.84 mark. To the analyst, a confirmed breakout from this level targets a 70% run to $1.50.

Previously, Martinez suggested that ADA is showing the same price structure as the last cycle, but it’s more gradual. Other analysts have also noted that the altcoin appears to be repeating its 2020-2021 playbook.

Crypto Yhodda highlighted that after hitting its 2018 high, Cardano saw an ABC corrective wave before consolidating within an ascending broadening wedge formation for two years.

The cryptocurrency consolidated near the range-high after rejection from the pattern’s resistance in 2020, and before breaking out to its 2021 ATH of $3.09.

This cycle, the altcoin has repeated the same movements, accumulating within the same pattern since 2022. Since being rejected from the ascending resistance in late 2024, ADA has been trading between the mid and high zones of this pattern.

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To the analyst, Cardano is ready to climb again to the formation’s resistance, around the $1.80 area, and break out to new highs.

As of this writing, ADA is trading at $0.90, a 20% increase in the weekly timeframe.

Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin price started a fresh increase above the $108,500 zone. BTC is now up over 3% and showing positive signs above the $110,000 level.

• Bitcoin started a fresh increase above the $108,500 zone.
• The price is trading above $110,500 and the 100 hourly Simple moving average.
• There was a break above a bearish trend line with resistance at $108,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could continue to rise if it clears the $112,000 resistance zone.

Bitcoin Price Eyes More Gains

Bitcoin price started a fresh increase after it cleared the $108,500 resistance zone. BTC gained pace for a move above the $108,800 and $109,500 resistance.

Besides, there was a break above a bearish trend line with resistance at $108,800 on the hourly chart of the BTC/USD pair. The bulls even pumped the pair above the $110,000 resistance zone. It opened the doors for a move toward the $112,000 level.

A high was formed at $112,000 and the price is now consolidating gains. It tested the 23.6% Fib retracement level of the upward move from the $107,500 swing low to the $112,000 high.

Bitcoin is now trading above $109,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $111,600 level. The first key resistance is near the $112,000 level. The next resistance could be $112,500.

A close above the $112,500 resistance might send the price further higher. In the stated case, the price could rise and test the $115,000 resistance level. Any more gains might send the price toward the $116,000 level. The main target could be $118,000.

Downside Correction In BTC?

If Bitcoin fails to rise above the $112,000 resistance zone, it could start a downside correction. Immediate support is near the $110,800 level. The first major support is near the $109,750 level or the 50% Fib retracement level of the upward move from the $107,500 swing low to the $112,000 high.

The next support is now near the $109,200 zone. Any more losses might send the price toward the $108,500 support in the near term. The main support sits at $107,500, below which BTC might continue to move down.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $110,800, followed by $109,750.

Major Resistance Levels – $112,000 and $115,000.

President Trump’s media company has been given the green light by the U.S. Securities and Exchange Commission (SEC) to invest its treasury holdings in Bitcoin (BTC).

In a press release, Trump Media says its previous registration filing with the SEC has been declared effective by the regulator on June 13th, allowing the company to move forward with a prospectus.

Trump Media previously filed with the SEC to adopt a Bitcoin treasury because it views BTC as an “apex instrument of financial freedom.”

Devin Nunes, Trump Media’s CEO and President, said that investing in BTC would “help defend our Company against harassment and discrimination by financial institutions, which plague many Americans and US firms.”

A BTC treasury would also be useful for subscription payments, a utility token and other planned transactions across the company’s subsidiaries – Truth Social and Truth+ – according to Nunes.

Says Nunes,

“We’re aggressively implementing our plans to expand the Company, our offerings, and our capabilities. By simultaneously enhancing and growing our social media platform, TV streaming platform, and our FinTech brand while establishing a Bitcoin treasury, we aim to continue rapidly transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Author

Julia Smith

Author

Julia Smith

About Author

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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Last updated: 

June 8, 2025

United States Securities and Exchange Commission (SEC) Chair Paul Atkins says the agency is considering enacting a blockchain relief framework that could see key actors allowed to offer products and services “expeditiously.”

Paul Atkins Criticizes Gensler-Era Policies, Posits Relief Framework

Speaking at SEC headquarters for the Crypto Task Force’s final roundtable in its “Spring Sprint Toward Clarity” program, Atkins suggested that the federal regulator may offer an immediate innovation-friendly framework with regard to the blockchain sector as a whole.

“While the Commission and its staff work to propose fit-for-purpose rules of the road for on-chain financial markets, I have directed the staff to consider a conditional exemptive relief framework or ‘innovation exemption’ that would expeditiously allow registrants and non-registrants to bring on-chain products and services to market,” Atkins said.

“An innovation exemption could help fulfill President Trump’s vision to make America the ‘crypto capital of the planet’ by encouraging developers, entrepreneurs, and other firms that are willing to comply with certain conditions to innovate with on-chain technologies in the United States,” he added.

The newly confirmed SEC head also criticized the agency’s previous regulatory stance toward digital assets under then-chair Gary Gensler, stating that the regulator “must adopt a regulation based on the authority that Congress has given us.”

“The prior U.S. government administration discouraged Americans from participating in these market-based systems by asserting through lawsuits, speeches, regulation, and threatened regulatory action that participants and staking-as-a-service providers may be engaged in securities transactions,” he said.

SEC Shifts Toward Crypto-Friendly Stance

Atkins’ latest remarks come as the SEC undergoes major transformation under the Trump administration, shifting away from its regulation-by-enforcement strategy to a more crypto-friendly approach to the digital asset sector.

In the past few months alone, the commission has dropped several high-profile lawsuits against key players in the crypto industry, including Coinbase, Ripple, and Robinhood Crypto.

However, it is still unclear what a crypto regulatory framework will look like in the years to come.