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” Bitcoin miners say NY ban will be ineffective and ‘isolate’ the state “ Two Bitcoin miners have told Cointelegraph that if the bill banning Proof-of-Work mining for two years in New York becomes law, it would end up triggering an exodus of mining companies from the state and do little to address the intended…
” New York Governor yet to commit to signing Bitcoin mining ban into law “ New York overnor Kathy Hochul is yet to publicly commit to signing the controversial Proof-of-Work (PoW) crypto mining ban bill, instead noting that her team will be looking “very closely” at the proposal over the next few months. If she…
” Kazakhstan’s central bank ‘isn’t going to ignore’ the crypto market “ While Kazakhstan’s government is catching up with the tremendous volume of crypto mining in the country by introducing new taxes and regulations, the local central bank intends to explore the possibilities that crypto offers. During the press conference held on Tuesday, June 7,…
” Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea “ The “long waves” of TerraUSD’s May 7 collapse, which we noted two newsletters ago, are extending even further. Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region. A Chinese state-owned media outlet, the Economic…
” Traders think Bitcoin bottomed, but on-chain metrics point to one more capitulation event “ The bull market euphoria that carried prices to new highs throughout 2021 has given way to bear market doldrums for any Bitcoin (BTC) buyer who made a purchase since Jan. 1, 2021. Data from Glassnode shows these buyers “are now…
” Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed? “ Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index…
” New York’s push to ban crypto mining triggers response from community “ As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once approved, members of the crypto community express their disagreement through social media. In a Twitter thread, Jake Chervinsky, the head of policy at Blockchain Association,…
” BTC price snaps its longest losing streak in history — 5 things to know in Bitcoin this week “ Bitcoin (BTC) starts a new week with some fresh hope for hodlers after halting what has been the longest weekly downtrend in its history. After battling for support throughout the weekend, BTC/USD ultimately found its…
” New York AG warns against crypto investments amid state push to ban mining “ As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto. In an investor alert published Thursday, New York Attorney General Letitia James said that investors are…
” Kenyan energy company entices Bitcoin miners with geothermal power “ Kenyan energy company KenGen has put out a call to Bitcoin miners to move nearby and buy its excess renewable power capacity. KenGen claims 86% of its energy is generated from renewable sources, mostly geothermal from pockets of ground source heat in the Great…