\n<\/p>\n
This year\u2019s global heat wave has prompted the United States to consider declaring<\/a> a climate emergency. For investors an eco-friendly cryptocurrency may be a safe option within the space if such an emergency is declared, The Motley Fool reports.<\/p>\n According to the news outlet, Cardano may be the best possible solution out there, as it\u2019s a top-10 cryptocurrency by market capitalization. The cryptocurrency has prided itself on being eco-friendly and for being committed to sustainability, even before talks of a climate emergency being declared emerged.<\/p>\n As a result, the report<\/a> adds, Cardano is \u201cuniquely positioned to withstand a climate emergency.\u201d It details that a new regulatory risk is emerging for the cryptocurrency industry, as Proof-of-Work cryptoassets consuming a lot of energy could soon be cracked down on.<\/p>\n As an example, it pointed to the European Central Bank revealing<\/a> in a research article it might place a ban on Bitcoin mining as part of its crackdown on fossil fuel usage. Moreover, carbon taxes may be introduced on crypto transactions.<\/p>\n Last year, electric car maker Tesla stopped accepting Bitcoin payments<\/a> over environmental reasons while maintaining most of BTC it bought after making a $1.5 billion investment in the flagship cryptocurrency. The company sold 75% of its BTC holdings earlier this year<\/a>.<\/p>\n As the threat of a climate emergency being declared looms, some blockchains, like Algorand, are making being green a part of their marketing efforts. Cardano, however, has always been a green blockchain.<\/p>\n As CryptoGlobe reported, earlier this year a reforestation effort launched by\u00a0Cardano<\/a>\u00a0reached its initial goal of planting one million trees<\/a> \u201cof different species native to areas across different parts of Madagascar, Indonesia, Nepal, Kenya, Senegal and Haiti.\u201d<\/p>\n –><\/p>\n –><\/p>\n
\n <\/p>\n
\n <!–<\/p>\n
\n <!–<\/p>\n