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New York Senate Passes Bitcoin Mining Moratorium
Business · New York

New York Senate Passes Bitcoin Mining Moratorium

50% Center coverage: 18 sources
The New York State Senate approved a controversial proof-of-work (PoW) mining ban bill that would prohibit any new Bitcoin mining operations in the state. PoW mining consensus is predominantly used by Bitcoin miners and is considered one of the safest and most decentralized ways of mining. The practice is controversial as it requires an incredibly high amount of energy.See the Story
U.S. SEC Rejects Grayscale Bitcoin Spot ETF Application
Business · New York

U.S. SEC Rejects Grayscale Bitcoin Spot ETF Application

82% Center coverage: 11 sources
Grayscale Investments has announced a legal challenge to the latest rejection of its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin exchange-traded fund (ETF) The Securities and Exchange Commission rejected the application on June 29 citing the proposal failed to demonstrate how it is designed to prevent fraudulent and manipulative acts and practices. A similar decision was also made on Wednesday regarding Bitwise’s Bitcoin exchange -traded product (ETP)See the Story
Fork of July: Cardano Vasil upgrade successfully launches on testnet
Apps

Fork of July: Cardano Vasil upgrade successfully launches on testnet

100% Center coverage: 1 sources
The much-anticipated Vasil hard fork has been completed on the Cardno testnet. Project developers, stake pool operators (SPO), and exchanges are now encouraged to deploy their work on the testnet to ensure integrations run smoothly when the mainnet gets the Vasil treatment in about four weeks.See the Story

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