New York ceases Bitcoin mining for 2 years

In bad news for blockchain and bitcoin lovers, the New York State on Friday passed a bill to cease new permits for specific fossil fuel power plants to be utilized in Bitcoin mining. The move sets up a two-year ban on new permits for crypto mining operations that use proof-of-work (PoW) authentication methods to validate…

El Salvador aims $1 billion in tokenized Bitcoin bonds

In the beach town of Mizata, President Nayib Bukele announced to a crowd of cheering Bitcoin lovers that El Salvador plans to issue the world’s first sovereign Bitcoin bonds and create Bitcoin City, which will be free on property, income and capital gain taxes. While sharing the stage with the President, the chief strategy officer…

1100 arrested in China over crypto money laundering

A security official told that China has arrested 1100 people for using the gains from crime to purchase crypto as a part of an increasing crackdown in the industry. Bitcoin mines of China power about 80% of the worldwide trade in crypto, although dealing is banned in the country. Officials have begun to keep a…

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Co-founder of Argo Blockchain introduces London IPO of new crypto company

A co-founder of Argo Blockchain a Bitcoin mining company is about to launch the IPO of a new crypto company. This newly introduced company will focus on decentralized finance. Dispersion Holdings will put money into the decentralized finance sector which uses blockchain technology and cryptocurrencies to remove intermediaries from financial transactions. Through joint braker together…