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Crypto Myths Busted: Uncovering the Truth! Cryptocurrency is one of the most talked-about topics in finance, tech, and investment, yet it’s also one of the most misunderstood. With so much information — and misinformation — out there, it’s easy to get lost in myths. This article will separate the facts from the fiction to help you navigate the world of crypto with a clearer understanding. Here, we’ll bust some of the most persistent myths about cryptocurrency and reveal the truth behind them. Myth #1: Cryptocurrency is Only Used for Illegal Activities The Reality While it’s true that cryptocurrency has been used in illegal transactions, it’s hardly the primary use. A vast majority of crypto transactions are completely legitimate, ranging from online purchases and remittances to investments and decentralized finance (DeFi) activities. According to blockchain analytics, only a small fraction (less than 1%) of all crypto transactions are associated with illicit activity. Blockchain ...

Join Our Telegram channel to stay up to date on breaking news coverage On January 13, environmentalists filed a lawsuit against the New York Public Service Commission (PSC) for allowing the takeover of a bitcoin mining plant in the state. The state Public Service Commission (PSC), which oversees public utilities, approved the conversion of the Fortistar North power plant into a crypto - mining facility in September 2022, according to The Guardian. The site was slated to be taken over by the Canadian cryptocurrency mining company Digihost and is situated in Tonawanda, a town less than 10 miles from Niagara Falls. The 2019 New York climate law, according to the lawsuit, is violated by the approval. Among other objectives, the Climate Leadership and Community Protection Act (CLCPA) aims to achieve zero-emission electricity by 2040 and a reduction of 85% of state-wide emissions by 2050. The organization Earthjustice is representing the Clean Air Coalition of Western New York an...