Mining
New York State Bans Non-Renewable Crypto Mining
CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses a recent bill passed in the New York State Assembly imposing a two-year moratorium on proof-of-work crypto mining using non-renewable energy sources. De addresses the use of hydroelectric power in New York and broader environmental concerns regarding crypto mining.
Foundry to Buy Web 3 Company Upstate Interactive to Expand Blockchain Services
Foundry didn’t disclose the terms of the deal but said it will close at the end of April.
New York State Assembly Passes Bill Blocking New Crypto Mines That Use Non-Renewable Power
The bill will impose a two-year moratorium on new crypto mining firms that use a carbon-based energy source. Existing facilities aren't affected, nor are any that tap renewable resources.
Fort Worth to Become First US City to Mine Bitcoin
The Texas city will begin a pilot project with three Antminer S9 mining rigs following a vote by the city council on Tuesday.
New York Lawmakers Advance Mining Moratorium Bill to Full Assembly
The bill would bar new permits for proof-of-work mining operations in former power plants for two years.
GPUs Get Cheaper as Ethereum’s Switch to Proof-of-Stake Gets Closer
The network's planned switch to PoS has been pushing prices for graphics cards down.
Coinbase and Crypto Mining Stocks Slide With the Rest of the Market
Crypto-related stocks seem to be taking a harder hit than the rest of the market, as Coinbase’s COIN stock has fallen nearly 55% since its IPO. Plus, a conversation about crypto mining stocks like Riot Blockchain as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”
New York Man Arrested for Alleged $1.8M Crypto Mining Scam
CoinDesk U.S. Regulatory Reporter Cheyenne Ligon discusses a recent arrest made by the Federal Bureau of Investigation of 37-year-old Chester “Chet” Stojanovich for an alleged $1.8 million crypto-mining scam. Ligon explains the details of this case and the extent to which Stojanovich lied to his customers.
Earth Day 2022: Kevin O’Leary Discusses Crypto Mining and ESG
Kevin O’Leary discusses regulatory concerns regarding the environmental impact of crypto mining as the world observes Earth Day. O’Leary explains how projects like Bitzero in Norway are utilizing renewables like nuclear and hydro power. Plus, a conversation about the Canadian political landscape and the country’s crypto ecosystem.
US House Democrats Call for Scrutiny on Crypto Mining as Environmental Threat
Rep. Huffman and other congressional Democrats wrote the EPA chief on the potential harm to the climate and environment.
