July 1, 2022

Dubai Week

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Cryptocurrencies rise again .. Bitcoin rises 5% to $ 31,441

Cryptocurrencies rise again .. Bitcoin rises 5% to $ 31,441

Bitcoin was up 5.2 percent at $ 31,441.76 on Monday, adding $ 1,552.72 to its previous close.

The world’s largest and most popular cryptocurrency is 34.8 percent lower than the $ 48,234 recorded on March 28 this year.

Ether, the second-largest cryptocurrency, rose 3.17 percent to $ 1,862.14 in late trade, adding $ 57.16 to its previous close.

Mining in New York

Meanwhile, New York State Legislator Anna Kellis said the two-year ban on certain types of new cryptocurrency mines in the state is not a general ban on the sector, but rather aims to reduce the country’s carbon footprint by suppressing the mines. Mine. It did not meet the required standards.

Kellys’ words came after the Senate passed the bill early Friday morning, and it is now in the hands of Governor Kathy Hochhol, who can recognize it by law or veto and repeal it.

It’s not about cryptocurrency, but the use of coal and natural gas – based power plants, which are against the state’s strict climate laws seeking total neutrality in greenhouse gas emissions by 2050. The bill is too short and will not affect operations, Kelles explained. It does not affect the ability of small miners with a few computers to buy, use, sell or invest in any cryptocurrency, including Bitcoin.

(Agencies)

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