The IMF has proposed introducing a tax on mining for air pollution. This could increase the price of electricity for cryptocurrency miners by 85%.🧐
According to the organization, direct taxes have pushed the industry to reduce carbon emissions. The tax rate could reach $0.089 per kilowatt-hour.
💲 According to IMF calculations, such a tax would increase annual government revenue worldwide by $5.2 billion.
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🤑While 90% of admins are crying over a 20-25% correction, here's a sobering short post for you.
✔️TON is correcting on the general negativity, but is falling less than others. Take a look at the basic L2 on Ethereum or coins of other blockchains. If you bought TON at $7, don't be upset. Someone bought Starknet at $2.5, or ATOM at $12.
✔️If you can't survive a 25% drawdown, take a closer look at the stock market. Its volatility will be less if you buy fundamental companies according to Graham/Buffett. In crypto, it hurts when the portfolio is 3-4 times larger. When it hurts, I'll write.
✔️Instead of despair, you need to look for the positives. If you believe in TON, any correction is a reason to buy. If you don't believe, don't buy at all.
✔️Hedge risks with the right tools. Any correction on TON is a reason to average.
Phavertown.wtf
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😎 BTC/USDT
Bitcoin is currently rebounding from the support trendline of a rising wedge pattern, a formation often signaling potential reversals. However, it faces resistance at the previous high, a critical level where selling pressure may intensify.
Despite this, BTC shows bullish strength, suggesting a prevailing upward trend.
The market is now at a crucial juncture, and traders should watch for a decisive breakout above the resistance or a breakdown below the support to determine the next directional move.
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Hope it still happens this month 🙏