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Moreover, earlier this year, chair of the Senate Environmental Conservation Committee and the author of New York's Climate Leadership and Community Protection Act, Todd Kaminsky, which requires the state to get to net-zero electricity by 2040, spoke out against the bill. Likewise, the International Brotherhood of Electrical Workers (IBEW) also
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Summary: Vitalik Buterin opposes the banning of Proof-of-Work mining operations by governments. According to Vitalik, governments picking and choosing which specific applications should use electricity or not is a bad idea. He proposes the implementation of carbon pricing as an alternative solution to banning PoW mining. Vitalik was commenting on the news that the
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The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul. New York PoW Mining
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As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto. In an investor alert published Thursday, New York Attorney General Letitia James said that investors are “losing billions” in crypto. James highlighted that even digital assets that
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The New York State Senate approved a controversial proof-of-work (PoW) mining ban bill that would prohibit any new Bitcoin (BTC) mining operations in the state.The PoW mining ban bill was first passed by the state assembly in April last month. It aims to prohibit any new mining operations in the
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The New York Senate passed a bill imposing a two-year moratorium on new proof-of-work mining projects early Friday. Source
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“All cryptocurrency companies have a permanent hold on starting businesses in New York due to the political and regulatory ambiguity. If the bill were to pass, New York would become a permanent afterthought for the industry,” said Kyle Schneps, director of public policy at Foundry, one of the largest miners
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Eddy Alexandre, 50, of Valley Stream, NY, is the CEO of EminiFX, a cryptocurrency and forex trading platform. Authorities say that, beginning last September, Alexandre founded and ran EminiFX and convinced “hundreds of individual investors” to invest with him. Original Source
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Crypto exchange FTX US has applied for a trust charter with the New York Department of Financial Services, or NYDFS, to operate in the state. In a Wednesday announcement, FTX US said it had applied to form a limited purpose trust company with New York's financial services regulator in an effort
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FTX US has applied for a trust charter with the New York financial services regulator which would allow it to operate in New York and offer its products to users. Original Source
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