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 An upstate assemblywoman is battling bitcoin advocates as she defends a measure that would impose a two-year embargo on crypto mining in New York. Assemblywoman Anna Kelles (D-Ithaca) argued on social media over the aim of a bill that would allow the state time to examine the environmental implications of the contentious crypto mining process "My measure does not prohibit the use of cryptocurrency." "It's not even a mining prohibition," Kelles explained. "It's a two-year embargo on bitcoin mining activities at fossil-fuel power facilities." Cryptocurrency mining, or Bitcoin mining, consumes enormous amounts of energy as computers solve complicated math problems and authenticate digital currency transactions. Critics of the bill, which passed the Assembly's Ways and Means Committee on Monday, fear that it would force tech companies out of New York and transfer employment abroad. Opponents, according to Kelles, are deliberately mis...

Ripple Price Analysis: XRP Rejected at Key Resistance, Expected to Drop Further   XRP is continuing to fall in line with the general gloomy attitude in the crypto markets. The price was rejected at the important resistance level of $0.92 and is presently descending to low levels, where support might be found. The Chart of the Day Despite the recent rises, it appears that the sellers still have the upper hand on a daily basis. When we look at prior recent uptrends, we can see that they were triggered by increased purchasing pressure from buyer takers, which resulted in price increases. On the following chart, these locations are denoted by the numerals 1, 2, and 3 as well as white lines. We haven't been able to find the identical structure that caused the price increase Previously, as compared to the current condition. $0.6 and $0.5 are the key support levels. $0.92 and $1.00 are key resistance levels. Moving Averages (MA's): MA20: $0.75 MA50: $0.78 MA100: $0.75 M...

The ETC Group has launched a ripple XRP ETP In collaboration with HANetf, ETC Group has released a ripple exchange-traded product (ETP). With a total expenditure ratio (TER) of 1.95 percent, the XRPetc – ETC Group Physical XRP (GXRP) is listed on the Deutsche Boerse. GXRP is a physical duplicate of XRP, the native currency of ripple, a blockchain-based settlement and trading network. With a market worth of $35.3 billion, XRP is the sixth-largest cryptocurrency. "Ripple is fast becoming a leader in global payment systems, with hundreds of financial institutions adopting ripple to deliver a better international payments experience for their consumers, in real-time," stated Bradley Duke, founder and co-CEO of ETC Group. "Interest in exchange-traded cryptocurrencies has been rising, giving investors with a safer and more liquid option to obtain exposure to digital assets," said Hector McNeil, co-founder and co-CEO of HANetf, which will sell and distribute the ET...

The Week in Crypto: Volatility Continues, Ethereum Upgrade Postponed For the bulk of the week, Bitcoin remained below $40,000, losing 2% in the past seven days. Several causes contributed to the price drop, including growing inflation, geopolitical events, and monetary policy changes. The crypto and stock markets continue to see increased short-term volatility as a result of this. In recent months, the crypto market has followed the stock market. It becomes more linked with global economic dynamics as a result. Bitcoin's all-time high was reached in the first days of January, when it hit over $48,000 on January 2. Bitcoin has remained above its late-January low mark of $34,000 so far. It was at its lowest point in the prior six months. Bitcoin has dropped more than 40% of its value since November 10, when it hit an all-time high of $68,000. Even though the price of Bitcoin has been extremely volatile since November 2021, its new highs in 2021 and current price are remar...

AN ABSOLUTE PUBLICITY STUNT TO ATTRACT INVESTORS IS THE ETHEREUM MOVIE. Ethereum is preparing its next marketing gimmick to attract more investors. Ethereum has grown in popularity as one of the most widely used cryptocurrencies, putting Bitcoin in serious competition. Ethereum soared to become the second-largest cryptocurrency at a time when Bitcoin was the face and heart of the crypto industry. When the world is busy accepting Bitcoin as its legal tender, Ethereum remains the second-best and is likely to overtake Bitcoin shortly. Because of the increased rivalry among all cryptocurrencies, ETH has developed some of the most profitable services in the industry. Since its introduction in 2015, Ethereum has experienced tremendous growth and has recently experienced numerous significant price fluctuations. However, the difference between Bitcoin and Ethereum is that the latter allows developers to create and power new tools, apps, smart contracts, and non-fungible tokens (NFTs). ...

 Scaramucci's crypto shift is aimed at doubling assets. Subscribe to the Fortune Features email list to stay up to date on the latest features, exclusive interviews, and investigations. After years of focusing on high-profile hedge funds, Anthony Scaramucci, whose interest in cryptocurrencies began during his brief stay in Washington, aims to refocus his SkyBridge Capital toward digital assets. According to Scaramucci, who returned to money management at his New York-based firm after 11 days as then-President Donald Trump's director of communications in 2017, nearly half of SkyBridge's $3.5 billion under management is linked to crypto-assets such as Bitcoin, the Algorand protocol, Ethereum, and publicly traded crypto-related stocks. The crypto focus, according to SkyBridge, may help treble assets to $10 billion, with digital assets accounting for the majority of those funds. In an interview, Scaramucci claimed, "We feel so passionately about this potential that we...

 Is Bitcoin About to Lose a Key Support Area, and Is $37K on the Way? (Analysis of the Bitcoin Price) The bullish crossover of the 50-day and 100-day moving average lines occurred last week, but Bitcoin failed to maintain its bullish momentum and underwent a market shakeout. Later in the week, the price rallied and attempted to break above the moving average lines again, but was swiftly rejected and fell below $40,000. The next significant support level for BTC is $36K-$37K; if this level fails to hold, the price will most certainly drop to the $30K demand zone. Furthermore, the RSI indicator is currently below 50 points, as well as the long-term resistance trendline, indicating that the bears have retaken control of the market. To achieve higher values, Bitcoin's RSI must break through the declining trendline. The bullish side's 50-day and 100-day moving average lines are the next key resistance levels. The Chart for 4 Hours In the lower timeframes, the $42K support ...

 Every month, this real estate investor mines more than $110,000 in Bitcoin as a side venture. Eng Taing is in the money-making industry. He owns his own private equity business, according to his website, with $250 million in assets under management, invests in real estate, and worked at Apple in data science and analytics — and he got into bitcoin in 2013, long before it was trendy to make even a passive bet on the crypto asset class. Taing now owns and operates 261 personal mining equipment that produce the world's most popular digital currency. "All I care about is generating money," Taing told CNBC. "I put a lot of money into a lot of things." I own a number of residential complexes as well as senior care facilities. "I have GPU mines," says the narrator. From 'plebs' in the mining industry to billions Clients of Compass range from self-described "plebs" who stack satoshis, or "sats," the lowest denomination of b...