Bill Promises to Rid New York of Bitlicense Fees

A bill that may turn New York into a friendlier place for crypto entrepreneurs has been introduced in the state’s Assembly. The draft is intended to “safeguard” cryptocurrency business activity and “prohibit” licensing fees. Its sponsors want to replace the costly Bitlicense regulations with a licensing regime based on audits. The aim is to protect … Read more

Florida State Citrus Employee Arrested for Mining Cryptocurrencies

This week a government employee working for Florida’s Department of Citrus (FDoC) was arrested for purported cryptocurrency mining using the department’s computers. According to the Florida Department of Law Enforcement (FDLE) agents, the IT manager mined BTC, LTC, and other digital currencies. Also Read: Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32% Mining Cryptocurrency … Read more

Plattsburgh Officials Want Bitcoin Miners to Vacate the Small Town

Last week officials from the small town of Plattsburgh New York filed a moratorium request against bitcoin mining operations that currently reside in the town and future mining endeavors. The proposal was issued by the Mayor’s office and cites concerned over electricity use and energy consumption. Also Read: From ‘Attack’ to ‘Optimization’ — Slush Pool Reveals … Read more

Data Company Tracks Crypto-Adoption Using Social Media

Just recently the audience intelligence company, Pulsar, published a report examining the mainstream adoption of cryptocurrencies. Rather than measure interest using prices, trade volume, and market capitalization the comprehensive study analyzed data using over 5 million mentions across social media September 14, 2017 – January 8, 2018. Also Read: Coinbase Reveals ‘Overhauled’ Changes and Tax Tools … Read more

Craig “Satoshi” Wright Sued for Billions

Forget the debate about whether bitcoin is a store of value or a currency. What everyone can agree upon is that it is a store of drama. And where there is drama in bitcoin over the last couple of years, Australian computer guru Craig Wright is often in the thick of it. Filed on Valentine’s … Read more

FBI Arrests Exchange Operator for Lying About 6000 Bitcoin Hack

Jon E. Montroll, a 37 year old from Texas, is now facing up to 30 years in jail for perjury and obstruction of justice. The operator of Weexchange and Bitfunder is accused of repeatedly lying to the SEC under testimony in an effort cover up massive client losses after being hacked.  Also Read: US Federal … Read more

Bitcoin Couture Makes Its Debut at New York Fashion Week

While New York Stock Exchange traders were grappling with a market in freefall, elsewhere in the city this week all eyes were on more important matters. New York Fashion Week officially starts today (February 8), and at a pre-show on Tuesday, the latest haute couture and avant-garde designs were on display. Seeking to tap into … Read more