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Fintech

Bitcoin community under pressure to cut energy use

Consortium launches effort advocating changes to the cryptocurrency’s code

A consortium of environmental groups launched a campaign on 28 March seeking to change bitcoin’s code to decrease its energy use, which has grown substantially in the past few years.

Bitcoin is popular among some investors, but its energy use has riled environmental groups, alarmed some lawmakers, and put the cryptocurrency at odds with a green movement that has some supporters on Wall Street.

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