south carolina – DIGIT INFO

Blockchain Basics Act Introduced in Ohio, South Carolina, and Mississippi

DIGIT — Mon, 19 Feb 2024 13:00:32 +0000

The Blockchain Basics Act, a series of regulations aimed at safeguarding people’s cryptocurrency rights at a state level, has been introduced in three more U.S. states: Ohio, South Carolina, and Mississippi. With this move, similar cryptocurrency regulation has been introduced in seven states and passed in Missouri. Blockchain Basics Act Regulation Reaches Ohio, South Carolina […]

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Bitcoin Mining Industry Reveals Mergers, Hashrate Increases, and New Facilities Amid Market Downturn

DIGIT — Thu, 29 Sep 2022 16:00:51 +0000

While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner Cleanspark said its hashrate has surpassed 4 exahash per second (EH/s), and the Texas mining company Rhodium revealed it raised $11.9 million, according to a […]

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More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo

DIGIT — Mon, 26 Sep 2022 22:30:19 +0000

Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation of securities laws. Nexo Targeted by Several Securities Regulators Over the Crypto Lender’s Earn Interest Product […]

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Bitcoin Miner Greenidge Generation Plans to Develop South Carolina Mining Facility

DIGIT — Sun, 04 Jul 2021 06:30:56 +0000

On Friday, the bitcoin mining operation Greenidge Generation Holdings announced the company is expanding to South Carolina in order to develop the firm’s next bitcoin mining facility. Greenidge details that the carbon-neutral Spartanburg facility will be ready in 2021 or early 2022. Bitcoin Miner Greenidge Generation Plans to Expand to South Carolina Spartanburg, South Carolina, […]

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Greenidge plans to expand mining operations to South Carolina

DIGIT — Fri, 02 Jul 2021 19:12:02 +0000

According to the crypto mining firm, the South Carolina facility has been capable of drawing 80 megawatts of power, two thirds of which is produced from zero carbon energy sources.

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Genesis Mining to Resume Services in the US After Fighting Cease and Desist

DIGIT — Tue, 31 Jul 2018 18:00:26 +0000

The past few months have been rather interesting for Genesis Mining. The popular cryptocurrency cloud mining provider was forced to halt all activities in South Carolina. That decision has now been reversed. As such, US customers will be able to access the company’s services once again in the coming weeks. A Victory for Genesis Mining ... Read more

Rare: Bitcoin Mining Company Cleared of Wrongdoing by Regulator

DIGIT — Sun, 29 Jul 2018 03:45:10 +0000

The Securities Commissioner of South Carolina dismissed its previous order of nearly half a year ago against Genesis Mining. It’s rare, and some say this is a first for the state, as the Commissioner hasn’t previously withdrawn such an order. The company plans to resume services in the United States as a result. The case also […]

The post Rare: Bitcoin Mining Company Cleared of Wrongdoing by Regulator appeared first on Bitcoin News.

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South Carolina Declares Cloud Mining Contracts to Be Securities

DIGIT — Tue, 13 Mar 2018 12:04:04 +0000

The Attorney General of South Carolina has served a cease and desist order on Genesis Mining. In documents filed before its Securities Commissioner, it has declared cloud mining contracts to be securities, in a move that could have repercussions beyond the confines of the Palmetto State. Also read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce […]

The post South Carolina Declares Cloud Mining Contracts to Be Securities appeared first on Bitcoin News.

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