news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    ये Coins कर सकते बर्बाद ‼️  Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    ये Coins कर सकते बर्बाद ‼️ Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    Gravitas: Cryptocurrency: New tool for money laundering

    Gravitas: Cryptocurrency: New tool for money laundering

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    Could the FIRST Cryptocurrency Pre Sale Altcoin of 2023 EXPLODE?

    ये Coins कर सकते बर्बाद ‼️  Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    ये Coins कर सकते बर्बाद ‼️ Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    Quant QNT Price News Today Technical Analysis – Price Now! Quant Price Prediction 2022

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    Gravitas: Cryptocurrency: New tool for money laundering

    Gravitas: Cryptocurrency: New tool for money laundering

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

No Result
View All Result
news4global
No Result
View All Result
Home Bitcoin

New York State Slings Another Arrow At Bitcoin Mining

July 10, 2022
Reading Time: 3 mins read
0
New York State Slings Another Arrow At Bitcoin Mining
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Coinbase CEO Armstrong Decries Rumors of Possible US SEC Ban … – Bloomberg

February 9, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

What Is Tokenomics? The Investor's Guide – Blockworks

February 8, 2023

While current operations will not be ceased, New York continues to show an adversarial stance to bitcoin mining as a whole.

This is an opinion editorial by Rick Mulvey, author of The Fraud Within and contributor to Bitcoin Magazine.

New York State’s Department of Environmental Conservation dealt another blow to the upstate Greenidge Generating Facility, which produces electricity for the power grid and also mines bitcoin.

Greenidge stated that the decision, announced on Thursday, to deny them a new “Title V” Air Emissions permit will “not have any impact on our current operations.”

The firm, located in New York’s Finger Lakes region, said it will continue to operate its natural gas-fired plant as it appeals DEC’s decision. In a statement, the company said “We can continue running uninterrupted under our existing Title V air permit, which is still in effect, for as long as it takes to successfully challenge this arbitrary and capricious decision.” The company stated its intention to pursue legal actions if their appeal is not successful.

Source: Wikipedia.org photo

Climate Activists Urge Governor Hochul To Take The Next Step

Referring to the recent legislative bill to put a two-year moratorium on cryptocurrency mining, Yvonne Taylor of the Seneca Lake Guardian organization said, “Governor (Kathy) Hochul must finish the job by signing the crypto moratorium.”

The moratorium bill passed both the Senate and the Assembly, and now awaits Hochul’s signature. Hochul recently said, however, that she doesn’t anticipate looking at the bill until late this year.

Activists continue to push for the moratorium, as they contend that other mining operations are looking to set up shop in New York state. Other gas-fired power plants are being eyed by cryptocurrency mining operations, according to Sen. Kevin Parker (D), one of the cosponsors of the moratorium bill.

Assembly Cryptocurrency Supporters Launch Compromise Bill

In a recent development, the New York State Assembly has passed a bill to direct the New York State Department of Financial Services to establish a task force to study cryptocurrency mining, without imposing a moratorium. Introduced by Clyde Vanel (D), measure A09275 would propose studying various aspects of cryptocurrency, including consumer and investor protections. The bill passed the Assembly by a vote of 122-25 on March 28.

The New York State Senate also passed the bill, on June 2, overwhelmingly, by a vote of 61-2.

That bill now also goes to Governor Hochul for signature.

Cryptocurrency Proponents Continue To Tout Benefits Of Mining

Construction and trade unions, especially the electrical workers union, have been big proponents of the cryptocurrency mining industry. Establishing mining operations using previously-shuttered power plants could create thousands of good paying jobs in upstate New York, they claim. The area is part of the vast Northeast “Rust Belt,” which has been bleeding manufacturing jobs for decades.

And of course, when making their case to state government officials, proponents are quick to point out that these operations may very well generate significant tax revenue for the state.

New York State in many ways has long been considered the financial capital of the United States, and cryptocurrency advocates want to ensure that the state does all it can to foster a climate that is business-friendly and a home to innovative technologies.

This is a guest post by Rick Mulvey. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Coinbase CEO Armstrong Decries Rumors of Possible US SEC Ban … – Bloomberg

by admin
February 9, 2023
0

Coinbase CEO Armstrong Decries Rumors of Possible US SEC Ban ...  Bloomberg

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

What Is Tokenomics? The Investor's Guide – Blockworks

by admin
February 8, 2023
0

What Is Tokenomics? The Investor's Guide  Blockworks

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Fed Board Prohibits Member Banks from Holding Cryptoassets as … – Blockworks

by admin
February 8, 2023
0

Fed Board Prohibits Member Banks from Holding Cryptoassets as ...  Blockworks

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Cryptocurrency News: Bitcoin Price Rises Again After Stalling To … – Investor's Business Daily

by admin
February 7, 2023
0

Cryptocurrency News: Bitcoin Price Rises Again After Stalling To ...  Investor's Business Daily

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Airswift CEO: Crypto Future Is Decentralization With Regulated Infrastructure – PYMNTS.com

by admin
February 7, 2023
0

Airswift CEO: Crypto Future Is Decentralization With Regulated Infrastructure  PYMNTS.com

Load More
  • Trending
  • Comments
  • Latest

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Polygon Recruits Top Aave Lawyer Rettig for Crypto Policy Role – Bloomberg Law

February 9, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

OKX Takes Centre Stage as Naming Rights Sponsor of the … – GlobeNewswire

February 9, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

FM Urges IMF To Develop Globally Coordinated Approach To Crypto Asset Regulations – ABP Live

February 9, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Blockchain developers have taken a decentralized interest in cloud storage – will it shake up the industry? – Forkast News

February 9, 2023

Latest News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Polygon Recruits Top Aave Lawyer Rettig for Crypto Policy Role – Bloomberg Law

February 9, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

OKX Takes Centre Stage as Naming Rights Sponsor of the … – GlobeNewswire

February 9, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global