New York State Senate Passes Crypto Mining Moratorium Bill
The New York State Senate has passed a bill that will ban most cryptocurrency mining. Bill Would Ban NY Crypto Mining A bill placing a two-year moratorium on Proof-of-Work cryptocurrency...
Auto Added by WPeMatico
New York State Senate passes Bitcoin mining moratorium
The bill once, approved by Governor Kathy Hochul, would make New York the first state in the U.S to put a moratorium on crypto mining.
Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap
Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest and two years of probation.
3K+ Bit Digital hosting partner’s crypto miners go offline after explosion and fire
The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls "hoped to resume within a few weeks."
FTX US applies for trust charter in New York
Crypto exchanges Coinbase and BitGo have previously received trust charters from New York's financial regulator, allowing the firms to offer crypto custody services.
Law Decoded: The difference between New York City and New York State, April 25-May 2
New York State moratorium on PoW mining reinvigorates the conversation around crypto industry's sustainability.
New York Mayor urges state to abandon ‘stifling’ BitLicense scheme
“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement.
New York State Assembly passes ban on new BTC mines that don’t use green power
The bill will now be carried with support to the Senate for passing before a final sign-off into law by Governor Hochul.
NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds
Senator Kevin Thomas seeks to provide prosecutors with a clear legal framework against crypto crimes that align with the spirit of the blockchain while combatting fraud.
BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York
The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best…