RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Tuesday, falling by 5.33 percent to $29,491.15 as of 8:30 a.m. Riyadh time.
Ethereum, the second most traded cryptocurrency, was priced at $1,752.33 down by 6.49 percent, according to data from Coindesk.
NY bill limits crypto miners’ use of fossil fuel-generated energy
New York legislators have passed legislation that prohibits fossil-fuel power plants from producing electricity for Bitcoin miners, but Governor Kathy Hochul has not yet decided whether to sign it.
“We have to balance protection of the environment, but also protect the opportunity for jobs that go to areas that don’t see a lot of activity, and making sure that the energy that’s consumed by these entities, is managed properly,” the governor said in a statement on Monday.
For cryptocurrency mining to work, computer systems need a large amount of electricity to process mathematical puzzles to validate blockchain transactions. Those who solve the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...