Supreme Court rules in favor of Greenidge Generation crypto mining company
A New York State Supreme Court has ruled in favor of crypto mining startup Greenidge Generation, dismissing a petition by a coalition of environmental groups, the judge concluded that the petition was without evidence of environmental impact. Judge Daniel Doyle dismissed a petition against Greenidge Generation Holdings filed by a group of environmental organizations, including […]
New York businesses petition the governor to deny permits for crypto mining centres
Bearing in mind crypto mining’s environmental impact, some local businesses in New York have petitioned the Governor to deny permits for the conversion of the city’s outdated fossil-fuel power stations into crypto mining centres. A coalition of local companies has petitioned New York State Governor Kathy Hochul to deny permits for the conversion of the […]
Sri Lankan government appoints committee to implement crypto mining and blockchain
Sri Lanka has joined the global crypto adoption by forming a committee to investigate and apply blockchain and crypto mining technologies, the committee plans to propose a suitable framework for Sri Lanka. Sri Lanka’s director-general of government information , Mohan Samaranayake, shared a letter on Oct. 8 indicating that the authorities have approved a recent […]
Powercrypto Holdings sets to debut crypto mining in Hong Kong
Powercrypto Holdings, a subsidiary of blockchain software company Powerbridge Technologies, has announced the beginning of a sustainable cryptocurrency mining program in Hong Kong for Bitcoin (BTC) and Ether (ETH). The company intends to install a total of 2,600 first-grade mining rigs, which will include 600 BTC mining machines with a hash rate of 60 PH/s […]
Hebei Chinese province plans to restrict Cryptocurrency mining
Hebei, a northern Chinese province, is the most recent jurisdiction to clamp down on cryptocurrency mining and trading in the country citing environmental conservation as a reason. The province’s cyberspace commission announced plans to restrict cryptocurrency mining and trading activities in the region on Tuesday, according to Reuters. The move coincides with China’s broader anti-crypto […]