Crypto Daily Report – February 1

Feb 1, 2022
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightFebruary 1, 2022The global crypto market is up 2.07% over the past 24 hours with investors taking a risk on approach in Ethereum (+4.87%) and Solana (+13%) while Bitcoin (+1.7%) lags behind. Bitcoin Dominance remains in a tight range between 39-47% after bouncing off the 39% level in January.New York Gubernatorial Candidate Jumaane Williams called on Governor Hochul to declare a moratorium on proof-of-work mining yesterday citing its "potential to devastate the environment & local economy". Williams went on to say "We know exactly what is going to happen in just a few years if we don't stop this type of mining." However, it was unclear what specific externalities he was referring to. Later on Twitter Williams went on to cite China's top-down mining ban as further motivation for similar legislation in the Empire State.India has introduced a 30% crypto tax signaling the country's more accepting approach of crypto broadly. However, the announcement was accompanied by Finance Minister Nirmala Sitharaman outlining the cent

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