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)

See also  The performance of the Gulf stock markets varied with the stability of oil prices
  • Nadia Barnett

    "Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

    Related Posts

    • Economy
    • November 2, 2024
    • 79 views
    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    The wealth management landscape is undergoing a dramatic transformation, fueled by the rise of financial technology (fintech), according to fintech entrepreneur Emils Kerimovs. No longer exclusive to the ultra-wealthy, innovative…

    UAE Powering Gaming Boom in the Middle East

    The gaming industry in the Middle East is experiencing a growth spurt, with Saudi Arabia and the United Arab Emirates (UAE) among the countries attracting major investments. However, this digital…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space