New York On Verge Of Banning New BTC Mining Operations For 2 Years – June 3

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $29,441

Bitcoin price has slipped below $30,000 once again, as price heads back toward the lower bound of its recent range.

Top-20 altcoins are down across the board, as Ethereum and BNB each fall 3%, Cardano slides 8% and Solana drops 7%.

Top Stories for June 3, 2022 πŸ”₯

πŸ‘‰ New York On Verge Of Banning New BTC Mining Operations For 2 Years

The New York State Senate passed a bill this morning that imposes a two-year moratorium on new proof-of-work mining operations powered by carbon-based fuels.

Existing mining firms and those undergoing the permit renewal process will be allowed to continue operations, however Senator Kevin Parker of Brooklyn claims that only one plant in current operation that would not be affected by the bill.

Mining companies in New York have threatened to leave the state if the moratorium is passed – which now only requires a signature from Democratic Governor Kathy Hochul.

πŸ‘‰ FTX Launches Licensed Japanese Exchange

FTX has launched FTX Japan, opening its services to Japanese customers following an acquisition of Quoine – an existing licensed exchange in the country founded in 2017.

Quoine was part of a larger acquisition of Liquid Group in February of this year. Existing FTX customers in Japan will now be able to make deposits and withdrawals using the Japanese yen, as well as trade spot and derivatives markets.

πŸ‘‰ Chainlink Price Feeds Go Live On The Solana Blockchain

Solana is the first non-Ethereum Virtual Machine (EVM) network to integrate Chainlink price feeds, with multiple projects already committing to integrate the platform’s oracles.

Projects incorporating Chainlink price feeds include Francium, Tulip and Apricot Finance, with a cross-chain interoperability protocol on the way. The protocol will enable Solana developers to execute smart contracts across chains.