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, […]
Tether claims to have boosted its overall assets by $21B in a recent accounting review
Tether began producing public accounting reports in February 2021, following a settlement with the New York Attorney General’s office. On Monday, Tether Holdings Limited, the firm behind the USDT stablecoin , released an independent accountant report saying that its tokens are fully guaranteed by its reserves. Moore Cayman, a Cayman-based accounting network, assessed Tether’s most […]