The New York State has passed a bill targeting proof-of-work (PoW) cryptocurrency mining in a bid to address some of the environmental concerns surrounding digital assets. The bill would impose a two-year moratorium on any new PoW mining projects powered by carbon-based fuel.
Nasdaq-listed cryptocurrency exchange Coinbase has extended its hiring freeze “for as long as this macro environment requires,” and to include backfills, while rescinding a number of already accepted offers.
El Salvador’s leaders are keeping their highly-anticipated bitcoin bond offering on hold, according to finance minister Alejandro Zelaya, who cited market conditions following Russia’s invasion of Ukraine as a reason for the hold.
Top stories in the Crypto Roundup today:
- New York State Passes Crypto Mining Moratorium
- Coinbase Extends Hiring Freeze and Rescinds Accepted Job Offers
- El Salvador Keeps Bitcoin Bond on Hold
- Crypto Market Movers – VGX, GLM, MPL