Mozilla Says No to Bitcoin (BTC) in Favor of Proof-of-Stake Cryptos

  • Mozilla changes its crypto donation policy, removing Proof-of-Work (PoW) donations.

  • The latest move comes amidst heightened scrutiny over Bitcoin mining and its impact on the environment.

  • Technical indicators are bearish for Bitcoin, with BTC sitting below the 50-day EMA.

Since China banned Bitcoin mining, Bitcoin (BTC) mining has been a hot topic. The China ban resulted in the U.S becoming the world’s largest Bitcoin mining nation. Since then, some negative statistics have hit the news wires, adding to the scrutiny over the impact of Bitcoin mining on the environment.

With governments and agencies now focused on Proof-of-Work mining and the environmental impact, shareholders and beyond are also influencing the position of crypto-related entities on Proof-of-Work protocols and the likes of Bitcoin.

Mozilla Will Now Only Accept Proof-of-Stake Crypto Donations

At the start of the year, FX Empire reported the Mozilla Foundation’s review of its policy on crypto donations and alignment with the Foundation’s climate goals.

In response to a backlash over Mozilla’s position on cryptos, Mozilla has updated its policy on Crypto donations.

Last week, Mozilla took to Twitter, sharing its updated policy on accepting crypto donations. Mozilla tweeted,

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