Crypto Winter Freezes New York Bitcoin Mining Trade

A novel attribute of many upstate New York cities is their low vitality charges. Hydroelectric dams alongside the St. Lawrence river give residents electrical energy so low-cost that many even warmth their houses with it. The area made excellent sense for crypto miners through the “gold rush” days of 2017 and early 2018, and the…

New York Fed: Cryptocurrency Gained’t Problem Greenback in Close to Or Mid-Time period

Cryptocurrencies are “unlikely” to grow to be a global financial phenomenon within the coming years, the Federal Reserve Financial institution of New York has claimed. ‘Unlikely To Meet Standards’ In a research piece on US greenback supremacy revealed February 11, the NY Fed argued that regardless of the looks of cryptocurrency in mainstream society, solely…