Category: New York

New York locals accuse gas-fired mining operation of heating Seneca Lake

July 6, 2021

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New York locals are accusing Greenidge Generation’s gas-fired Bitcoin mining plant of heating Seneca Lake in upstate New York. On a daily basis, the Greenidge plant is permitted to withdraw 139 million gallons of water from the lake and discharge 134 million gallons of water. The plant is also allowed to discharge water with a […]

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Greenidge plans to expand mining operations to South Carolina

July 2, 2021

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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. 991 Total views 6 Total shares Bitcoin mining company Greenidge Generation announced it would be starting operations in South Carolina as early as this year. […]

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Judge blocks sale of Jay-Z’s first album and its copyright as an NFT

June 23, 2021

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Damon Dash has slammed the complaint against him from Roc-A-Fella Records, stating that he never minted an NFT and was only attempting to sell his stake in the company. 2419 Total views 7 Total shares A New York judge has issued a temporary restraining order to block an alleged attempt from Roc-A-Fella Records Inc (RAF) […]

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Bill banning crypto mining for 3 years dies in NY state assembly

June 11, 2021

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The NY state assembly needs to approve any bill or propose amendments before it can be signed into law by Governor Andrew Cuomo. 7662 Total views 9 Total shares 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 […]

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Proposed New York Bitcoin mining ban watered down to allow green projects

June 10, 2021

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New York senators have amended a proposal to ban all crypto mining for three years, and are now seeking to only stop mining firms backed by carbon-based fuel sources. 8237 Total views 6 Total shares A proposed crypto mining ban calling for a forced three-year hiatus on all mining operations in New York has been […]

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NYDFS taps former DOJ attorney as deputy virtual currency chief

May 17, 2021

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The former Department of Justice trial attorney has been with the New York State Department of Financial Services for eight years. Debra Brookes’ new role with the New York State Department of Financial Services may suggest more of a focus on regulation through enforcement. An attorney who has been working at New York’s Department of […]

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New York grants Bakkt coveted BitLicense

March 11, 2021

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Bakkt will also have a money transmitter license in the state of New York. 7172 Total views 24 Total shares Bakkt has become the latest crypto firm to get a BitLicense. On Thursday, the New York Department of Financial Services announced that Bakkt had become the 29th BitLicensee. First granted to Paxos in 2015, the BitLicense […]

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BitGo receives trust license from New York regulators

March 4, 2021

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Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state. 4963 Total views 22 Total shares Major American digital asset custody and security company BitGo has acquired a New York Trust license from the New York State Department of Financial Services. According to an […]

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Tether hit with 500 Bitcoin ransom demand — But says it won’t pay

March 1, 2021

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The USDT stablecoin issuer says it received a $23 million ransom demand payable by Monday. The deadline has since passed, and Tether isn’t paying. 7622 Total views 25 Total shares Hackers have threatened to release sensitive company documents supposedly belonging to USDT stablecoin issuer Tether unless the firm sends a 500 Bitcoin (BTC) ransom to […]

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While Washington dithers, Wyoming and other US states mine for crypto gold

February 27, 2021

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The United States is divided politically these days into red states and blue states, and increasingly, it seems to be fracturing into cryptocurrency-friendly and crypto-wary locales, too. On Feb. 21, it was revealed that San Francisco-based Ripple Labs had registered as a Wyoming business. Wyoming is arguably the most blockchain and cryptocurrency-welcoming state in the […]

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