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New York State
KuCoin to Pay $22M, Exit New York to Settle State Suit
The exchange will pay $5.3 million to the attorney general's office and refund New York customers $16.77 million.
Bitcoin Mining Controversy and the Case of Greenidge Generation
Greenidge Generation, a bitcoin mining operation in upstate New York, has found itself at the center of state and national debates about the impact crypto mining firms have on the environment and their local communities. But locals who live near the facility say they’ve been cut out of the conversation, and the broader debate ignores the role Greenidge plays in their lives. CoinDesk reporters traveled to the towns immediately adjacent to the mining operation to understand the views on the ground.
New York State Legislator on Federal and State Regulation
New York State Department of Financial Services Superintendent Adreienne Harris, at Consensus 2023, weighs in on federal and state regulation systems.
New York Dept of Financial Services Fines Robinhood Crypto $30M
The New York State Department of Financial Services fined Robinhood’s cryptocurrency trading unit $30 million for alleged violations of anti-money-laundering and cybersecurity regulations. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the penalty. Plus, insights into SEC's fraud charge on Ponzi scheme Forsage and latest on Bitfinext hack laundering suspects "Razzlekhan" and "Dutch."
What a Mining Moratorium Could Really Mean for New York’s Crypto Industry
Perianne Boring, Chamber of Digital Commerce CEO, discusses the potential implications for crypto mining after the New York State Senate greenlit a two-year crypto mining moratorium bill that is now heading to Gov. Kathy Hochul’s desk.
NY Governor Hochul Expected to Sign Bitcoin Mining Moratorium
The New York State Senate passed a bill last Friday targeting proof-of-work (PoW) mining that now moves on to Governor Kathy Hochul for consideration. BaSIC President Clark Vaccaro discusses the potential outcomes, addressing lawmakers’ concerns about crypto’s carbon footprint.
New York Senate Passes Bitcoin Mining Moratorium, Citing Environmental Concerns
The New York State Senate passed a bitcoin mining moratorium, banning proof-of-work (PoW) mining operations powered by carbon-based energy sources for two years. CoinDesk’s Managing Editor of Technology Christie Harkin discusses what this means for the mining community in New York and beyond.
Tough Time for Miners: NY Passes Moratorium; Riot Blockchain Sells More Bitcoin
Miners are facing new headwinds amid the market downturn. Riot Blockchain (RIOT) is unloading more than half of the bitcoin it mined in May. Separately, the New York State Senate passed a bitcoin mining moratorium, barring new proof-of work (PoW) mining operations powered by carbon-based energy sources for two years.
Bitcoin Miners Giving Up on New York Amid Regulatory Uncertainty
New York’s bitcoin mining companies are increasingly considering abandoning their aspirations in what was once a promised land. This comes as the state’s Senate considers a bill to ban new mining projects that use carbon-based energy sources, pending a review of the industry’s environmental impact.
NY State Gov. Kathy Hochul’s DFS Nominee Moves Closer to Confirmation
The New York Senate’s finance and insurance committees convened Tuesday to hold confirmation hearings for Adrienne Harris, the acting Superintendent of the New York Department of Financial Services (DFS). CoinDesk’s Nikhilesh De discusses the latest details and significance to crypto regulation.