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Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital currencies using fossil fuels. New York Mayor and Bitcoin Supporter Eric Adams to … Read more
Adams said New York is still focused on becoming a crypto hub, but statewide efforts to reduce emissions can be combined with this goal. Go to Source Powered by WPeMatico
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a result of the ban, which is likely to have consequences for … Read more
The NYAG clarified that digital assets differ from blockchain technology, and it has no issues with citizens purchasing stakes in publicly traded blockchain-based businesses in retirement accounts. Go to Source Powered by WPeMatico
The FTX bankruptcy has left creditors, investors and industry experts questioning what will happen next — Here is what we can expect. Go to Source Powered by WPeMatico
The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation. Go to Source Powered by WPeMatico
A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11. Go to Source Powered by WPeMatico
A joint effort is aimed at assessing the possible use of wholesale central bank digital currencies in cross-border transactions. Go to Source Powered by WPeMatico
The city notice effectively stopped the facility from conducting “any cryptocurrency mining or related operations” until Blockfusion was in compliance with local zoning ordinances. Go to Source Powered by WPeMatico
The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 million, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the prospectus disclosing information, the New York-based Greenidge conducted a sales agreement with the investment firms B. Riley Securities and Northland Securities. Bitcoin Miner Greenidge Generation Looks to Raise … Read more