Litecoin third mining reward halving due in eight months will cut LTC’s pace of supply expansion by 50%.
CoinDesk: New York Imposes 2-Year Moratorium on New Proof of Work Mining After Gov. Hochul Signs Bill Into Law
The new law sets a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive proof-of-work (PoW) cryptocurrency mining.
James Rubin writes that Changpeng Zhao and Elon Musk, among others, have spoken freely when discussing the fallout from cryptos’ rapidly expanding crises and the individuals behind them. But they haven’t always been consistent or fair.
Happy Thanksgiving to my fellow Yankees! For the rest of you, I’m counting on you to keep an eye on Twitter in case someone else files for bankruptcy. But today, we’re looking at FTX’s first bankruptcy hearing.
As campaign mega-donor Sam Bankman-Fried and his FTX compatriots vanish from U.S. policy circles, their absence left a void in the crypto industry’s political involvement. Part of that may be filled by the U.S. arm of rival Binance.
CoinDesk: Crypto Mining and Staking Firm Foundry Buys Some of Troubled Bitcoin Miner Compute North’s Assets
Foundry will buy two mining facilities and has an option to acquire another site that is under development.
The CoinDesk Market Index, bitcoin and ether were all in the green. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Former FTX CEO Bankman-Fried did not address concerns about customer funds being misappropriated or other recent revelations about the company.
It’s time for U.S. crypto exchanges to face the same rules as non-crypto marketplaces and brokers, says our columnist.