Plunging cryptocurrency prices are starting to throw a wrench into the plans of firms that deal in bitcoin and related areas, amplifying the impact of an already brutal market retreat. Heading into 2022, crypto deal making was hot as companies sought to stake positions in an evolving industry. So far...
New York State lawmakers recently passed the nation’s first statewide moratorium on repurposing of fossil-fuel burning power plants for crypto mining. It’s now up to Governor Kathy Hochul to decide whether to sign it into law. The “miners” are computers that earn digital currency like bitcoin by solving complicated puzzles...
