New York


Policy

NY Bitcoin Miners Start to Give Up on State Amid Regulatory Uncertainty

New York was once a draw for miners, but environmental concerns are weighing on the industry.

Niagara Falls, between the border of the U.S. and Canada in upstate New York. (Eliza Gkritsi)

Policy

N.Y. Man Arrested, Charged With Fraud for Alleged Role in $59M Crypto Pyramid Scheme

The FBI says Eddy Alexandre promised investors he could double their money with a “robo-adviser” – and then spent their money on luxury cars and business expenses.

Eddy Alexandre allegedly ran the $59 million pyramid scheme (note: the chyron in the screenshot misspells Alexandre's name). (FBI/modified by CoinDesk)

Finance

FTX US Reveals New York Trust Charter Application

A trust charter from the New York State Department of Financial Services enables digital asset companies to offer crypto trading and custody services in the Empire State.

New York

Policy

Environmental Groups Call on US Government to Implement Stringent Bitcoin Mining Regulations

Local and national activists are banding together to limit what they consider are the industry's adverse effects on the environment.

Power plant in New York (2020 Roy Rochlin/Getty Images)

Policy

Can You Really Build a ‘Crypto Empire’ in the Empire State?

Mayor Eric Adams wants to make New York City the biggest crypto hub in America, but there are a host of obstacles in his way.

New York City Mayor Eric Adams has already accepted his first three paychecks in bitcoin. (Getty Images/Michael Lee)

Opinion

Why a New York Bill Barring New Crypto Mines Would Be Bad for Business

The state senate should reject the legislation, which recently passed the assembly and would place a moratorium on approvals for permits for digital mining operations that use nonrenewable energy sources.

New York state's capital city, Albany. (Ron Antonelli/Bloomberg via Getty Images)

Policy

The NY Mining Moratorium’s Odds Just Got a Lot Worse

The Senate Environmental Conservation Committee won't consider the controversial bill, according to a schedule released Thursday.

Cryptocurrency mining rigs sit on racks. (James MacDonald/Bloomberg via Getty Images)

Opinion

The Scarcity Mindset Driving Crypto's Energy Critics

The DeFi Education Fund weighs in on the New York state legislature's attempt to curb proof-of-work mining, and dreams of energy abundant future.

A digital tree. (Daniel Kuhn/CoinDesk)

Videos

New York Non-Renewable Crypto Bill Faces Pushback

CoinDesk’s Nikhilesh De explains why the bill limiting non-renewable crypto mining currently being reviewed in the New York State Senate could face pushback from lawmakers. Plus, insights on U.S. Senator Elizabeth Warren’s concerns regarding Fidelity Investment’s plans to add bitcoin investing options to 401(k) plans. 

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