NYC mayor stands by Bitcoin pledge amid bear market, FTX: Report
During Eric Adams’ time in office, the NY state government passed a law that will implement a two-year moratorium on non-renewable proof-of-work mining and the crypto market turned bearish.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
During Eric Adams’ time in office, the NY state government passed a law that will implement a two-year moratorium on non-renewable proof-of-work mining and the crypto market turned bearish.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
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