New York IT Supervisor Faces up to 15 Years in Jail for Mining Bitcoin in the...
A New York IT supervisor is facing a possible sentence of up to 15 years in jail for mining bitcoin in the office. The man, identified as Christopher Naples, allegedly had hidden 46 mining rigs in the offices of the Suffolk County Center in Riverhead, New York. According to the investigation, 10 of these rigs had been installed since February, consuming more than $6,000 worth of energy. But given there were 36 more machines, the total energy cost could be far greater. New York Man Faces Jail Time for Mining in the Office Christopher Naples, an IT technician for Suffolk County in....
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The New York county clerk office employee allegedly used over 40 devices to mine crypto unlawfully. An information technology operations supervisor at the Suffolk County clerk’s office in New York, Christopher Naples allegedly harnessed his position to place crypto mining equipment in various spots at the Riverhead Center in the New York county in which he worked. Naples allegedly set up 46 devices for crypto mining, “in locations like an unused electrical wall panel or underneath floorboards,” according to a statement posted on AP News on Wednesday. Crypto mining can be an expensive....
A New Orleans resident has been charged for selling bitcoin without registering with the Financial Crimes Enforcement Network (FinCEN). If convicted, the seller may receive a maximum of five years in prison, a maximum $250,000 fine, up to three years of supervised release, and a $100 mandatory special assessment. Bitcoin Seller Faces Jail Time The U.S. Department of Justice (DOJ) announced Thursday that a New Orleans bitcoin seller named Michael Yusko has been charged with operating an unlicensed money transmitting business. The announcement details that “Under federal law, any....
A St. Lawrence county town located in New York near the Canadian border, Massena, is another region in the state that is having issues with bitcoin miners. According to recent reports from the local WWNY-TV news desk and Reuters, the Massena town supervisor is drafting new regulations for bitcoin mining operations. Officials From Town of Massena Don’t Like the Look of Bitcoin Miners Operating Alongside Route 42 The town of Massena, with a population of around 13K, has attracted bitcoin miners according to a report from Reuters. The New York town’s officials have taken issue....
April 6, 2021 – Global multi-asset investment platform eToro, today announces the appointment of Dr. Hedva Ber as Deputy CEO and Global Chief Operating Officer (COO). Dr. Ber will lead eToro’s operational infrastructure, corporate governance, compliance and regulatory affairs, legal, risk management, and social responsibility. Dr. Ber has more than 25 years of experience across the banking and finance industry. Between 2015 and 2020 Dr. Ber served as Israel’s Supervisor of Banks where she actively promoted […]
The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul.
New York PoW Mining Moratorium Legislation to Be Delivered to Governor Kathy Hochul’s Desk, Crypto Advocates Say the Bill Is a ‘Significant Setback for the State’
New York-based lawmakers have submitted a bill that aims to ban PoW mining operations that leverage....