These are the key reasons why Bitcoin is experiencing its worse performance since November
has had a difficult week, suffering its worst performance since November. The price of the largest token fell by 2.1% on Friday, plunging below the $20,000 threshold for the first time since January. This came after an 8% on Thursday.
There are several reasons behind the sharp price drop. Firstly, New York Attorney General Letitia James sued cryptocurrency exchange KuCoin on Thursday for allegedly breaking the law by selling unregistered securities. This lawsuit has implications for the entire crypto market, as it could change the way regulators view cryptocurrencies such as Ether, which has traditionally been treated as a commodity. James is seeking to prohibit the cryptocurrency exchange from conducting any business activities in New York.
Secondly, President Biden's budget proposal includes a phased-in 30% tax on the electricity used in cryptocurrency mining. White House officials claim that the energy-intensive practice is hindering the transition to a low-emission energy future.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Home of the Week: Inside Brooklyn Nets Star Ben Simmons’s $20 Million Modern LA MansionThis exquisite 12,000-square-foot mansion in LA's Hidden Hills is luxury redefined. From the vertical reclaimed wood and charcoal-hued brick facade to the custom-made fixtures and lush landscaping––every detail of this property exudes sophistication.
Weiterlesen »
Norfolk Southern CEO to offer apology and $20 million before Congress ThursdayCEO Alan Shaw, in prepared remarks, says the railroad will do “the right thing” with a $20 million commitment to help the community recover from the Ohio train derailment and release of toxic chemicals.
Weiterlesen »
Sanders, Bush Unveil Bill to Prohibit Pharma Companies From Charging More Than $20 for Insulin'We can no longer tolerate a rigged healthcare system that forced 1.3 million people with diabetes to ration insulin while the three major insulin manufacturers made $21 billion dollars in profits,' said SenSanders.
Weiterlesen »
Compass Mining Alerts Bitcoin Miners of Changes in Bitmain's ASIC Design – Mining Bitcoin NewsThe post advised miners to be aware of the changes as Compass identified 'three issues' with two different bitcoin Antminer S19 series mining devices.
Weiterlesen »
Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment Issue – Bitcoin News“I've been using Venmo for years, but now it won't allow me to make payments,” Paul Krugman complained to his 4.5 million social media followers.
Weiterlesen »