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” New York State Assembly passes ban on new BTC mines that don’t use green power “ The New York State Assembly passed a bill late on Tuesday April 26 that would place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon based fuel to power…
” New York legislators to vote on PoW mining moratorium this week “ New York’s legislature might ban proof-of-work (PoW) crypto mining in the state for at least two years, citing environmental concerns. Over the past weekend, on Saturday and Sunday, several crypto advocacy groups — including the Blockchain Association and Crypto Council for Innovation…
” NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds “ New York State Senator Kevin Thomas introduced a new bill amendment request to establish certain offenses related to rug pulls and other frauds related to virtual token distribution, misuse of private keys and hidden interests in crypto projects. The bill drafted…
” NY State Supreme Court dismisses petition against crypto mining company “ In an important precedent, a Supreme Court judge in New York state’s Yates County ruled in favor of cryptocurrency mining firm Greenidge Generation, dismissing a petition filed by a coalition of environmental activists. According to an Apr. 7 press release by Greenidge, judge…
” Washington state passes bill aiming to expand local blockchain adoption “ Three years and one veto after it was first proposed, Washington state Governor Jay Inslee has signed a bill into law today that aims to expand the state’s adoption of blockchain technology across various financial and industrial sectors. The law saw Governor Inslee…
“# New York coin launching this week with Mayor-elect Eric Adams’ blessing “ NewYorkCityCoin (NYCCoin) is set to launch on Thursday, with the community-led proposal endorsed by New York City Mayor-elect Eric Adams. The New York-focused cryptocurrency is being launched by CityCoins, the same firm that launched MiamiCoin (MIA). The project utilizes the Stacks protocol…
“# Crypto lender Nexo confirms NYAG order, calls it a ‘mix up’ ” Cryptocurrency lending firm Nexo Financial denies the allegations of offering unregistered services to New Yorkers put forth by Attorney General Letitia James. Attorney General James directed two unnamed crypto lending companies to cease operations On Oct. 18, citing failure to register the…
“# New York businesses ask governor to deny permits for crypto mining ” The New York State Governor Kathy Hochul has been asked by a group of local businesses to deny permits for converting the city’s old fossil-fuel power plants into crypto mining centers. The request comes in the form of a letter cosigned by…
“# Greenidge Generation will use BTC mining profits to build solar farm ” Bitcoin mining company Greenidge Generation is planning to increase the number of renewable energy sources available for use in New York. In a Thursday announcement, Greenidge said it would be using the profits from its Bitcoin (BTC) miners in the Finger Lakes…
“# Bill banning crypto mining for 3 years dies in NY state assembly ” A bill which would have required miners in New York to halt operations for three years as part of an apparent effort to slow the environmental impact of crypto has been defeated in the state legislature. New York Senate Bill 6486…