A couple of bills regulating noisy, electricity-guzzling crypto mines are still alive. Six tougher proposals are now likely dead. The two moving forward address many key concerns, but some fear that they seem to have the backing of the crypto industry.
Iowa City City Council unanimously approved first considerations on Tuesday to make the Pagliai’s Pizza building a historic landmark. The building’s owner has contested the decision because he said the distinction would make it harder to sell the property. Gary Skarda, who is the owner, listed the property at $5 million, however, the property is
According to the most recent figures, the value of the cryptocurrency market has reached $2.43 trillion after a 2.62% increase in the last 24 hours. Bitcoin and ether have risen by 4% and 3.5%, respectively. NEAR experienced a significant uptick of 33% this past week, while BONK escalated by 32.7%. Digital Currency Market Grows: 17 […]
The cryptocurrency market contracted by nearly 2% on Wednesday, descending to a total value of $2.23 trillion. Bitcoin reached a daily low of $60,760 per unit, while ether declined to $2,944 per coin. Cryptocurrency Market Loses More Than $400 Billion in a Week Amidst Severe Volatility Since the previous week, the crypto market has experienced […]
JPMorgan has warned of a downside risk in crypto markets, citing subdued crypto venture capital flows. The global investment bank’s analysts also remain cautious about the U.S. Securities and Exchange Commission (SEC) greenlighting spot ethereum exchange-traded funds (ETFs) in May. Crypto Market’s Downside Risk Warning Global investment banking giant JPMorgan published a report on Thursday, […]
In the past 24 hours, the meme coin crypto economy has risen by 9.6% against the U.S. dollar. The Solana-based meme token BONK emerged as the day’s top performer, climbing 41.8%, while FLOKI saw an 18.7% increase. Top Meme Coins Register Impressive Gains As of April 21, 2024, the meme coin sector is experiencing significant […]
Over the weekend, cryptocurrency assets saw a significant drop, with the crypto economy shedding more than 5% to fall to $2.3 trillion, while precious metals also saw declines, albeit less severe than the digital currency sector. Amidst the ongoing turmoil in the Middle East, gold fell by 1.18% in the last day; however, in contrast […]
There Is So Much For The Market To "Pass"/"Over" Right Now By Michael Every of Rabobank "Pass"/"Over" There is so much for markets to try to pass over right over: and they are certainly doing so. Niall Ferguson warns us again about an escalating global Cold War 2 using Tolkien as an analogy – real Tolkien, not the insult that was The Rings of Power season 1. Markets gave that talk of a bifurcating, antagonistic, inflationary world a pass - like everyone did with The Rings of...
The European Banking Federation (EBF) is calling on the European Union (EU) to streamline regulation of banks and to declare banks a “strategic sector.” The group is promoting these reforms as a way to boost the competitiveness of the region’s banks, Reuters reported Tuesday (April 16). EBF CEO Wim Mijs told reporters Tuesday during a briefing that Europe must take a […]
(The Center Square) - The Arkansas Senate adopted a resolution Monday that would impose a regulation on the crypto mining industry in Arkansas. The resolution, sponsored by Sen. Bryan King, R-Green Forrest, would require digital asset mining businesses in the state to pay an annual fee for “extraordinary electrical energy usage.” The fee would range from $25,000 to $100,000 per year depending on the amount of electrical energy used. Senate...
The two crypto regulation bills that remain still have some serious questions -- and may not go far enough -- but they should help address some of the significant problems with the crypto mining industry.
Uyghur activists welcome the measure, but note shortcomings.