{"id":35665,"date":"2022-06-03T22:33:03","date_gmt":"2022-06-03T22:33:03","guid":{"rendered":"https:\/\/harchi90.com\/new-york-ag-warns-against-crypto-investments-amid-state-push-to-ban-mining\/"},"modified":"2022-06-03T22:33:03","modified_gmt":"2022-06-03T22:33:03","slug":"new-york-ag-warns-against-crypto-investments-amid-state-push-to-ban-mining","status":"publish","type":"post","link":"https:\/\/harchi90.com\/new-york-ag-warns-against-crypto-investments-amid-state-push-to-ban-mining\/","title":{"rendered":"New York AG warns against crypto investments amid state push to ban mining"},"content":{"rendered":"
As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto. <\/p>\n
In an investor alert published Thursday, New York Attorney General Letitia James said that investors are \u201closing billions\u201d in crypto. James highlighted that even digital assets that are well-known and traded in reputable exchanges can crash. Because of this, the attorney general is convinced that crypto investments create \u201cmore pain than gain\u201d for investors. <\/p>\n
Apart from this, James urged New Yorkers to take extra caution when putting their money into crypto. Because of its volatility, the attorney general said that these investments may become a source of anxiety instead of a fortune. <\/p>\n
\nThe cryptocurrency market is extremely unpredictable. Just last month, the market reached record lows and investors lost hundreds of billions.<\/p>\n
New Yorkers should be cautious and think twice before putting their hard-earned money into this unstable market.<\/p>\n