National cryptocurrency industry groups had lobbied Gov. Kathy Hochul to veto the environmental ban, fearful that other states could follow New York’s lead.
Crypto interests are lobbying Gov. Kathy Hochul to veto a groundbreaking bill that would temporarily halt new crypto-mining projects at fossil-fuel burning plants.
New research shows that China’s Bitcoin ban has sent the process of creating new coins, known as mining, to countries where it uses far less renewable energy.
The company’s stock market arrival establishes Bitcoin and other digital currencies in the traditional financial landscape. It also elevates a technology with astonishing environmental costs.
