Greenidge has refuted the claims that is pursuing legal action right now or “preventing anyone from sharing their position.” Greenidge Generation LLC, an upstate New York-based Bitcoin (BTC) mining firm has reportedly threatened legal action over repeated “demonstrably false” claims from local activists. Greenidge mines BTC at its gas-fired power plant near the Seneca Lake…
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“If any regulatory or technical changes are required in a specific jurisdiction, Celsius will provide clear and timely communication as needed,” said the firm. Crypto lending firm Celsius Network has confirmed it is one of three platforms requested to provide information to the New York Attorney General’s office. In a Tuesday blog post, Celsius said…
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Nexo Financial confirms to be one of the two crypto lending firms to receive the cease and desist order from Attorney General James’ office. Cryptocurrency lending firm Nexo Financial denies the allegations of offering unregistered services to New Yorkers put forth by Attorney General Letitia James. Attorney General James directed two unnamed crypto lending companies…
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The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the “denial of permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility.” The letter also calls for the New York government to assess…
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Crypto mining’s environmental impact continues to raise concerns with regulators and businesses alike. The New York State Governor Kathy Hochul has been asked by a group of local businesses to deny permits for converting the city’s old fossil-fuel power plants into crypto mining centers. The request comes in the form of a letter cosigned by…
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From Oct. 18, Bakkt’s common stock and warrants will be listed on NYSE under the ticker symbols “BKKT” and “BKKT WS” respectively. Bakkt Holdings, the digital assets management arm of Intercontinental Exchange (ICE), has announced to soon become a publicly-traded company on the New York Stock Exchange from Oct. 18. The public listing for Bakkt…
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A New York IT supervisor is facing a possible sentence of up to 15 years in jail for mining bitcoin in the office. The man, identified as Christopher Naples, allegedly had hidden 46 mining rigs in the offices of the Suffolk County Center in Riverhead, New York. According to the investigation, 10 of these rigs…
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A guy based in New York City who loves Domino’s is launching a pizza brand based on a Papa John’s event that doesn’t accept the crypto he espouses. Just days before the anniversary of Bitcoin Pizza Day, Bitcoin proponent Anthony ‘Pomp’ Pompliano has launched a pizza company aimed at supporting small business and the Human…
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The former Department of Justice trial attorney has been with the New York State Department of Financial Services for eight years. Debra Brookes’ new role with the New York State Department of Financial Services may suggest more of a focus on regulation through enforcement. An attorney who has been working at New York’s Department of…
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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…
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