Home » New York to limit crypto mining to promote the green transition
NEW YORK, June 6 (FintechZoom) – New York is tightening its grip on crypto mining, with the State legislature passing a bill that would impose an immediate moratorium against using fossil fuel power plants for cryptocurrency production. The governor has yet decided whether or not she’ll sign it into law though, so stay tuned!
The bill is a part of the state’s attempt to lessen statewide greenhouse fuel line emissions by 85% within 2050.
Brent crude price fell by 21 cents or 0.2% being now traded at 119.51$. During the market session, it reached 121 dollars per barrel.
Crude futures fell after reaching a three-month high earlier in the session. WTI crude settled down 0.3% at $118 per barrel, but still remains above where it was last summer when prices were much higher than today’s levels
The current market conditions for oil producers and consumers alike show no signs of slowing down anytime soon so there will continue to be pressure on both sides as they try to agree upon how best to handle an increasing market complexity.
Gold is now traded at 1,843.50 with a daily change of 0.01% with an almost lateral movement.
Silver as well followed with the last price at 22.075 with a daily variation of -0.08%.
Gold and Silver on YTD basis are respectively up by 0.40% and down by -5.43%.
Copper with no changes is traded at 4.4292 with a not significant daily variation and Platinum at 1,021.80 witha daily variation of +0.53% and an increment of 5.40$.