New York State Assembly passes ban on new BTC mines that don’t use green power

The New York State Assembly passed a bill late on Tuesday April 26 that would place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon based fuel to power their operations. The bill sponsored by Anna Kelles would not only impose a two-year hold on approval […]

North Dakota hopes to double the $3B of clean crypto mining in the state

North Dakota government officials rocked up to the Bitcoin 2022 conference in Miami to lure cryptocurrency miners into their greener pastures. They came with the promise of the “cleanest crypto on the planet.” The North Dakota Commerce Department dropped $35,000 on the trip, saying it expected a return of 20,000% or more from its presence […]

ECB executive board member talks about current state of digital euro CBDC research

European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Business School Banking Initiative Conference on Technology and Finance. Panetta said the issuance of central bank digital currencies, or CBDCs, is “likely to become […]

NY State Supreme Court dismisses petition against crypto mining company

In an important precedent, a New York State Supreme Court judge in Yates County ruled in favor of cryptocurrency mining firm Greenidge Generation, dismissing a petition filed by a coalition of environmental activists.  According to an April 7 press release by Greenidge, Judge Daniel Doyle dismissed a petition against the Greenidge Generation Holdings brought by […]

In the US, public-private state associations form networks of support for crypto businesses

When you think of a crypto-friendly U.S. state, Washington is hardly the first to come to mind. Yet, a lot has been happening on the ground in the Pacific Northwest lately. Washington Governor Jay Inslee signed a bill, SB5544, into law on March 30. The new legislation creates a working group of seven state officials […]

6 Things Jobless Claims Tell Us About the State of the Real Economy

Persistent unemployment and fears of further layoffs are the real economic counterpoint to the financial market’s unbridled enthusiasm. This week’s U.S. jobless report brought bad news. Whereas economists had expected new claims to fall to 1.29 million from 1.57 million the week before, claims fell just 58,000 to 1.51 million.  Continuing claims fared even worse. […]

Meet the Pro-Bitcoin, Anti-BitLicense Democrat Running for State Office

When Patrick Nelson first ran for public office he was 25, had already founded two nanobiotechnology startups and had a deep appreciation for bitcoin.  It’s that last point that gained him any media notoriety in what otherwise would have been a tame contest for a local seat of power in upstate New York. “Bitcoin is […]

‘Inherently Borderless’: Acting OCC Chief Talks Crypto, State Licenses and DeFi

If Christopher Giancarlo was “Crypto Dad” and Hester Peirce is “Crypto Mom,” will the U.S.’s new top bank regulator become “Crypto Uncle”? Brian Brooks, the former Coinbase legal chief, took office as Acting Comptroller of the Currency (OCC) at the end of May, barely two and a half months after being appointed First Deputy at […]

Louisiana State Senate to Consider Crypto Business Licensing Bill

The Louisiana State Senate is about to consider a bill to regulate and license virtual currency businesses. Sponsored by state Rep. Mark Wright (R-77), HB701 sailed through the state House of Representatives with unanimous approval, and is being referred to the Senate Committee on Commerce, Consumer Protection and International Affairs. If passed, the legislation would […]

Indian State Gov’t Partners With Blockchain Firms to Drive Tech Growth

T-Block, an Indian government-led blockchain accelerator program by the State Government of Telangana and Tech Mahindra, has partnered with blockchain companies Matic Network, Harmony, and Aeternity to support the growth of blockchain startups across the state. Local news outlet Telangana Today reported on May 7 that the three blockchain platforms will help Telangana-based startups work […]