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    THEY WANT TO KILL CRYPTO! | MARKET UPDATE



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    New York Clamps Down On Bitcoin Mining In Newly Passed Bill
    Lawmakers in New York passed a bill that bans some types of cryptocurrency mining that rely on carbon-based fuel during an early morning session of the state’s senate on Friday, a move that seeks to address the growing concerns about the environmental impact of energy-intensive blockchain operations including bitcoin mining.

    Members of the New York State Senate voted 36-27 in favor of the bill—previously passed by the state assembly in April—which will now be sent to New York Governor Kathy Hochul.
    The legislation targets a specific form of crypto mining that uses the highly energy-intensive “proof-of-work” authentication method—this includes several popular digital currencies including bitcoin.

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    #stocks #Investing #crypto #money

    Thanks for watching the video [ THEY WANT TO KILL CRYPTO! | MARKET UPDATE ]

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    17 Comments

    3. Scott Bayless on

      Uncle Larry: if I was living at age 15 with my Dust Bowl/ Depression Era Missouri born (1897) mule grandfather, Loyd Anderson Bayless, and inflation was going up? That old Southern boy would’ve raised my rent much faster than Mister Rogers changes his sweater. 😉 Blessings.

    9. Michael on

      Blockchain is the first disruptive tech not created by the elites through gov/military. And they can't control it. So, as it pertains to crypto on legit decentralized blockchains, they hate it of course. It's been under attack since they first stopped taking it for granted. That's not new. Talking regulation means admitted they can't destroy it. If it does have regulation of how to trade, hold, etc…they still can't control the ledger itself or print it or that nonsense. And if it is regulated…the lake of people that crypto has grown to become will become the Atlantic ocean. TD Ameritrade, Mass Mutual, etc will start dealing with it more willing not just from reluctance giving way to see it as necessary but because it will meet their regulated requirements. Watch out if that happens…the sky is the limit.

    12. Glenis Riddick on

      Happy Friday Larry. I'm nibbling on HBAR, ADA, ALGO, XLM, MATIC. Such awesome buying opportunity! Boy, we are awaiting a rebound. But in the meantime, Imma DCA into the coins I am most bullish on!

    13. Gotham Collections on

      Personaly I just think people are clueing in that crypto is just a casino thats not as fun as betting on sports. The big holders of crypto have manipulated people enough, made their money, so they sold. I find it comical all the big words people say to explain what the particular crypto actually does, as if it actually makes sense lol. I think its the most clever scam of all time, we will find out if its legit in a few more years.I believe in digital currency, but i dont believe people are silly enough to trust something we dont even know how originated or by who. As if the govt and banks wont be running the show later, cmon folks, crypto
      is no different than collecting comics

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