New York’s Latest Bill Clamping Down On Bitcoin Mining Draws Sharp Criticism ...
While many states across the US are leaving no stones unturned to entice crypto mining companies to set up shop in their respective jurisdictions, New York’s lawmakers are moving in the opposite direction. As the NY State Legislature entered the eleventh hour of its 2022 session, an early morning vote in Albany on Friday passed a bill that potentially will impose a strict 2-year ban on all new crypto mining permits. The bill also intends to ban certain existing mining operations that run on carbon-based power sources, primarily set-ups repurposing fossil-fuel burning plants. After being....
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A bill seeking to “pause” crypto mining for three years in New York was referred to the state's Environmental Conservation committee on May 3. Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate. The New York Senate Bill 6486 was proposed by Democrat senator Kevin S. Parker, the Chairman of Committee on Energy and Telecommunications, and co-sponsored by fellow Democrat senator Rachel May, the Chair of Committee on Aging, Chair of Legislative Commission on Rural Resources. The bill is yet to receive....
The highly controversial California AB 1326, often referred to as “California’s BitLicense” has failed to pass in the Legislature. The bill, which would require Bitcoin many Bitcoin businesses operating in California to apply for a state-issued License, failed to pass before the September 11 deadline. The strict nature of the bill has led the Bitcoin community to compare it to New York’s BitLicense, which has forced many Bitcoin businesses to cut off their services to New York. The California Bitcoin bill garnered large amounts of criticism from the Bitcoin community, as well as....
Iran has been clamping down on mining farms, but it also wants to use crypto mining to boost the sanctioned nation's revenue stream.
Silicon Valley investors including Ashton Kutcher have come out in opposition to New York’s part ratification of a bill banning peer-to-peer (P2P) accommodation site Airbnb. Airbnb ‘Dangerous’. The bill, which was passed by Senate and now goes before Governor Andrew Cuomo, bans the advertising of entire apartments, which politicians say is “dangerous.”....
Legacy media is back at it. They had to concoct a rival story to counteract the Bitcoin Mining Council’s latest report. And they ran with the apparent rising temperatures of Seneca Lake. At its shores, an energy company is mining Bitcoin and a town is protesting. Or, as NBC News dramatically puts it, they’re using, […]