York

New York State Assembly Passes Bill Blocking New Cryto Mines That Use Non-Renewable Power

New York State Assembly Passes Bill Blocking New Cryto Mines That Use Non-Renewable Power

However, advocates of the bill noted that existing facilities would remain unaffected by the bill, as well as any facilities that tap renewable resources. The bill itself specifies that the New York Department of Energy “shall not approve a new application for or issue a new permit … for an electric generating facility that uses …

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State lawmakers want to make fraudulent rug pulls a crime in New York

State lawmakers want to make fraudulent rug pulls a crime in New York

advertisement New legislation filed this week in the US state of New York takes aim at so-called rug pulls and other crypto-specific forms of fraud. Senate Bill S8839, according to public records, “[e]stablishes the offenses of virtual token fraud, illegal rug pulls, private key fraud and fraudulent failure to disclose interest in virtual tokens” per …

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DC Lobbying Group Expands to New York State Capital

DC Lobbying Group Expands to New York State Capital

“We have existing legislation right now in the form of a moratorium bill which would ban crypto mining in New York for three years,” Olsen said. “I think that’s actually gained more momentum than it should have, because there’s no one really from the industry advocating the benefits of both blockchain and crypto.” Source link

New York isn’t ready for bitcoin mining, says state lawmaker proposing a three-year moratorium

New York isn’t ready for bitcoin mining, says state lawmaker proposing a three-year moratorium

Quick Take A recent bill to temporarily halt crypto mining centers operating in New York has drawn the ire of the industry.  The bill’s author sat down with The Block to explain her side of the argument.  Critics of the new mining centers point to their use of outdated power plants and creative corporate structuring, …

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SEC Chair Clayton Nominated as US Attorney for New York

SEC Chair Clayton Nominated as US Attorney for New York

U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton may be the next U.S. Attorney for the Southern District of New York. According to a Department of Justice press release published late Friday, Clayton was nominated by U.S. President Donald Trump to helm the prosecutor’s office, three years after he first took on the role …

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New York Power Plant Greenidge Has Sold Up to 30% of Its Bitcoin Mining Hash Rate

New York Power Plant Greenidge Has Sold Up to 30% of Its Bitcoin Mining Hash Rate

Greenidge Generation, an upstate New York power plant that’s using proprietary facilities to mine bitcoin (BTC), has sold up to 30 percent of its computing power to institutional buyers. The firm said in an announcement on Friday that the deal, brokered by BitOoda Digital, proceeded the sale of 106,000 terahashes per second (TH/s) of bitcoin …

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