New York Legislature Passes Bill Limiting Cryptocurrency Mining, Bitcoin Falls

New York lawmakers passed a landmark environmental measure designed to curb the spread of cryptocurrency mining operations that burn fossil fuels. Supporters and opponents say the closely watched bill, approved by the state Senate early on Friday, is the first of its kind in the United States, news agency PTI reported.

Elsewhere, popular fashion label Prada has announced a further expansion into Web3 with its new Timecapsule non-fungible token (NFT) collection. According to media reports, the company calls the collection gender-neutral, which means anyone, regardless of gender, can wear it. The fashion house also announced the creation of “Prada Crypted”, a new free Discord community server for anyone who wants to join.

According to a press release, Timecapsule NFTs will be a monthly online event for 24 hours. On the first Thursday of every month, an exclusive item will be available on the official Prada website in very limited quantities in select markets.

Crypto prices

The price of Bitcoin in the cryptocurrency market fell 0.26% in the past 24 hours, and it was trading at $29,704.65 as of 4:00 PM IST. According to Coinmarketcap.com, its dominance in the crypto market is currently at 46.25%, down 0.17% in the last 24 hours.

In the past 24 hours, Ethereum (ETH) was trading at $1,770.40, and it was up 0.59%, while Binance Coin (BNB) was up 0.55% during the same period and traded at $299.93. Solana (SOL) rose 0.24% to $0.56, while Cardano (ADA) rose 0.13% to $0.5601.

meme pieces

As of 5:00 PM IST, Dogecoin was trading at $0.08162, down 1.03% on Coinmarketcap.com. Its rival, Shiba Inu, was up 1.36% and trading at $0.00001084. Samoyedcoin rose 0.12% and traded at $0.005538, while Dogelon Mars rose 1.71% and traded at $0.0000004403.

Overall scenario

According to Coinmarketcap.com, the global crypto market capitalization was $1.22 trillion, an increase of 0.15% in the last 24 hours, while the total crypto market volume was 55, $44 billion, a decrease of 19.79%.

Boo Finance (BOOFI) was the biggest gainer, gaining 1,217.68%. It was trading at $0.3273 as of 5:00 p.m., according to Coinmarketcap. On the other hand, Revolotto (RVL) recorded the maximum loss and fell by 92.70%. It was trading at $0.001809.

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