GAW Miner Gets Digital Currency Regulations Rolling in Connecticut
GAW Miners, the Connecticut, USA based bitcoin hardware manufacturing company has a lot of legal issues piling up since it shut down its operations early this year. The company pulled down the shutters to its operations in April after it vacated GAW Miners' Bloomfield headquarters and shut down its main website and associated Paybase platform. GAW Miners has been facing accusations from angry customers who had invested in it. The company has been defunct since April 2015 for all practical purposes. However, it has not filed for bankruptcy in any relevant jurisdiction yet. The lack of....
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The Connecticut House of Representatives has passed a bill that would give the state's top financial regulator new powers to oversee parts of the local digital currency industry. If signed into law, Substitute House Bill No. 6800 would require a company seeking a money transmission license from the Connecticut Banking Department to specify that it plans to offer digital currency services. State regulators would then be empowered to assess whether or not to reject that applicant's request based on the potential risks to consumers. The bill states: "The bill allows the commissioner to deny a....
The divided regulatory policies and frameworks on digital currencies, including Bitcoin, in the United States have created an impractical ecosystem for startups to operate in. The country’s state-by-state regulations for money transmission licensing has led to an unclear regulatory framework for digital currencies, with some states, including North Carolina, New Jersey and California, establishing regulations in favor of digital currency startups and businesses, while others, such as New York and Connecticut, require startups to obtain expensive licenses to operate as legal entities. This....
Following a two-year hiatus, the American magazine that’s dedicated to music, politics, and popular culture, Rolling Stone, announced the return of Rolling Stone Live. According to the publication, the Rolling Stone Live event marks the company’s first collaboration with Coinbase and the two firms will be dropping exclusive non-fungible tokens (NFTs). Rolling Stone Live 2022 Will be Presented by Coinbase This Year, Event Will Feature a Limited Edition Collection of NFTs Crafted by 12 Digital Artists Rolling Stone has teamed up with Coinbase in order to drop an exclusive....
According to reports in local media in a small town in Connecticut, some residents have been receiving threatening letters that demand bitcoin as a form of ransom. Police in the town are looking into the situation as to Farmington residents reported receiving what the media is calling "disturbing" letters demanding that the recipients hand over a certain level of bitcoin or risk one of their family members being killed. The letters received give clear instructions as to how to open an account, obtain bitcoin and transfer from one wallet to another. On notifying the Federal bureau of....
ZeusMiner recently debuted their next generation chips within their new Volcano miner. They also have several more tricks up their sleeves. Along with the Volcano, they announced that they are selling and shipping Gen 3 Blade upgrades for their existing miners. They also have announced they are nearly ready to debut their updated ZeusHash platform. CCN was able to get some details and a short interview with ZeusMiner on the new developments. Zeus Miner Volcano Debut. The Volcano ASIC Scrypt Miner offers 300 mh/s at 1000 watts of power at the wall. The Volcano is set to ship at the end of....