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impact, some local businesses in New York have petitioned the Governor to deny permits for the conversion of the city’s outdated fossil-fuel power stations into crypto mining centres.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 […]
CFTC charges 12 crypto-based businesses in New York for failure to register
The Commodity Futures Trading Commission (CFTC) has penalized 12 crypto options companies in New York for failing to register with the agency. Some of the listed companies include Bitfxprofit, Star FX Pro, Smarter Signals and BinanceFx Trade. The CFTC announced in a news statement on Sept. 29 that it is pursuing charges against 14 organizations […]
Judge orders Coinseed to shut down and pay $3 million in damages
Earlier this year, the Attorney General of New York won a legal battle against the cryptocurrency investment programme Coinseed. According to a default judgement entered on September 13, Coinseed and its founder Delgerdalai Davaasambuu failed to even respond to the New York Attorney General’s initial complaint. The case was filed in February and accused Coinseed […]
New York county clerk accused of mining crypto at public’s expense
The employee of the New York county clerk’s office is accused of illegally mining cryptocurrency with more than 40 machines. Christopher Naples , a supervisor of information technology operations at the Suffolk County clerk’s office in New York, is accused of using his position to place crypto mining equipment in several locations at the Riverhead […]
Greenidge Bitcoin mining facility seeks license renewal in New York
Greenidge Generation has applied to the New York Department of Environmental Conservation (DEC) to renew its Title V permit which will allow it to legally mine Bitcoin at its facility in Dresden, New York. In 2016, the company’s Dresden operation, which mines about four Bitcoin per day, received its last Title V permit. Since then, […]