New York State News

While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.

The approval violates the New York climate law of 2019, plaintiffs claim. The facility was acquired by the Canadian crypto mining firm Digihost.

An unverified photo purportedly shows Caroline Ellison making an order at a New York cafe, leading to questions as to why she is back on U.S. soil.

The proposal is led by DFS Superintendent Adrienne Harris, who is looking for public feedback on the move as the regulator looks to gain further oversight controls.

New York Governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy.

The NYAG clarified that digital assets differ from blockchain technology, and it has no issues with citizens purchasing stakes in publicly traded blockchain-based businesses in retirement accounts.

Governor Kathy Hochul signed the PoW moratorium bill into law on Nov. 22, nearly four months after the bill was approved by the state senate.

The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation.

The Mayor has been a proponent of the crypto industry and has now pledged support for sustainable Bitcoin miners by asking Governor Hochul to veto a two-year moratorium on mining.

Miners feel that the New York legislature’s efforts to get Bitcoin miners out of their state will backfire in the long run as other states invite miners to help improve their energy grid.

The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type.

Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.

New York Attorney General Letitia James has issued an investor alert against "risky cryptocurrency investments," citing the assets' volatility.

The New York State moratorium on PoW mining reinvigorates the conversation around the crypto industry's sustainability.

The “anti-technology” bill could accelerate mining operators' switch to renewable energy, experts say.