The price of Bitcoin is trading at $ 13,500 according to our online crypto tool. Although the BTC is partially recovering, the main cryptocurrencies of the ecosystem are going down and registering notable falls this October 30.
In this context, we can cite specific cases such as: Ripple (XRP), Chainlink (LINK), Binance Coin (BNB), Bitcoin SV (BSV), Cardano (ADA), EOS, TRON (TRX), Crypto.com (CRO ) and Tezos (XTZ). Which capitalize falls close to or greater than -3% in the last 24 hours.
The most notable case that registers an increase for this October 30 is DASH. Which is going up with gains of more than 5% compared to yesterday. As for the most notable losses, there is BNB, which registered a fall of -5.26% in the last 24 hours.
New York Department of Financial Services warns of Bitcoin mining impact on climate change
The New York Department of Financial Services (NYDFS) sent a letter to various financial institutions in the United States. Warning about the risks that Bitcoin mining and climate change would pose.
Signed by Superintendent Linda Lacewell and addressed to those responsible for these institutions, the letter specifically mentions cryptocurrency mining as one of the risk factors. Furthermore, the report claims that the energy used to keep pace with the Bitcoin network is equivalent to the total electricity consumption of Venezuela.
Critics have pointed out that the NYDFS lacks the regulatory capacity to adequately carry out such a program. Because the law does not grant you such powers.
However, the regulator considers that the risk to property and business from natural disasters and weather events is sufficient to justify its attempts to intervene directly.
Former Goldman Sachs hedge fund chief predicted Apple and Microsoft will buy BTC
The price of Bitcoin at $ 13,500 is on track to outperform most of the other major assets. Many in the Bitcoin community and the cryptocurrency ecosystem celebrate what they feel is a return to the heady days of late 2017. When Bitcoin reached its all-time high, $ 20,000.
Now a former Goldman Sachs GS, hedge fund manager, Raoul Pal, who had previously predicted that Bitcoin’s price will soon hit $ 1 million, has said that he believes some of the world’s largest companies are getting ready. to add Bitcoin to their balance sheets, five years from now. Naming tech giants Apple and Microsoft as two possibilities, he argued in a recent video.
Pal also noted Microstrategy’s purchase of Bitcoin. Expressing that this was due to great American business intelligence that occurred earlier this year. And he called it “the first steps” towards wider corporate adoption of Bitcoin.