Crypto Expected to be Integrated into the Financial System in a New US Bill

On Friday, June 3, the New York State Senate passed a bill aimed at proof-of-work mining (PoW) in aims to discuss some of the environmental concerns voiced about cryptocurrencies. To validate transaction requests, Bitcoin (BTC) and a few other cryptocurrency projects use the PoW consensus. The bill, which was passed by the state Assembly in May, would place a two-year halt on any new carbon-based fuel-powered PoW mining ventures in

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