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Another US City Imposes a Moratorium on Crypto Mining

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The city of Salamanca in the U.S. state of New York is reportedly establishing a moratorium on cryptocurrency mining operations in the city. This will stop crypto miners from “using up all the residents’ power and effectively make all of them get a price increase on their utility bills,” a member of the city’s council … Read more

Billionaire Backed Bitcoin Bank Trading on Major Stock Exchange

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Coming off fresh first quarter losses undeterred, giant cryptocurrency merchant bank, Galaxy Digital, began trading on the Toronto Stock Exchange August, 1, 2018. It is one of the earliest banks in the crypto space to achieve such a listing. Many eyes are watching to see what will become of the relationship between legacy financial institutions … Read more

PR: Propy – This California Property Was Sold On The Blockchain Without Using Banks

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PALO ALTO, California — Propy, the global real estate store with a decentralized title registry, announced the successful execution of a historic real estate deal on the Blockchain in the State of California. With Propy’s Transaction Platform, every step of the deal was executed via Ethereum smart contracts, making this the first comprehensive blockchain-recorded property … Read more

PR: The Internet of People (IoP) Is Creating a New Internet for Decentralization and Censorship

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New York, NY Internet of People (IoP) is a digital cooperative using blockchain and revolutionary peer-to-peer technology to help everyone connect and do business free from censorship or obstruction and without compromising their digital privacy. The modern Internet has transformed all our lives, but rapid advancement has come with huge costs. “Move fast and break … Read more

Ross Ulbricht Murder-for-Hire Indictment to Be Dismissed

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Robert K. Hur, United States Attorney from the Maryland district, filed a motion on July 20, 2018 to dismiss a 2013 three-count indictment against Ross Ulbricht which included murder-for-hire allegations. Mr. Ulbricht, 34, was prosecuted under a separate indictment out of the New York district as Dread Pirate Roberts, principal operator of underground online marketplace … Read more

New York State Prepares to Welcome Bitcoin Miners With Cheaper Electricity Rates

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The state of New York doesn’t have the best of reputations when it comes to cryptocurrency. Its BitLicense requirement has made operating a crypto business very expensive and difficult. In an effort to turn things around, state regulators are now aiming to attract Bitcoin and altcoin miners. New York and Bitcoin Mining On paper, there … Read more

New York Approves New Electricity Rates for Crypto Miners

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New York is seeking to foster growth in its cryptocurrency mining sector, with the New York State Public Service Commission (PSC) approving new electricity rates for Massena Electric Department. The new provisions will facilitate “high-density load customers, as such cryptocurrency companies” accessing “individual services agreement tariff[s],” including “protect[ion] […] from increased supply costs.” Also Read: Cash … Read more