Colorful testimony served as a preview of the potential for political fireworks if lawmakers fail to take action to give local communities protection from crypto mines -- or cave to lobbyists with a phony fig leaf.
(The Center Square) - The Arkansas Senate adopted a resolution Monday that would impose a regulation on the crypto mining industry in Arkansas. The resolution, sponsored by Sen. Bryan King, R-Green Forrest, would require digital asset mining businesses in the state to pay an annual fee for “extraordinary electrical energy usage.” The fee would range from $25,000 to $100,000 per year depending on the amount of electrical energy used. Senate...
Six resolutions on crypto mine regulation sponsored by Sen. Bryan King could get new life in the House today, but it looks like they don't have the votes.
The House today approved two proposals regarding crypto mines but rejected six others. The rabid right-winger David Ray led the charge against the most aggressive resolutions; strangely, most Democrats voted Present, helping Ray block consideration.
The second time was a charm for Senate Resolution 11, Sen. Bryan King's proposal to impose fees on crytpo mines for excessive energy usage.
A couple of bills regulating noisy, electricity-guzzling crypto mines are still alive. Six tougher proposals are now likely dead. The two moving forward address many key concerns, but some fear that they seem to have the backing of the crypto industry.
A Nebraska man has been indicted with several criminal charges by the New York authorities for allegedly conducting a $3.5 million crypto scheme. The press release revealed that the accused could face up to 30 years in prison if found guilty. Related Reading: Prepare For The Bitcoin Supply Shockwave: Crypto Guru Warns Of Halving Impact […]
The US Securities and Exchange Commission (SEC) has taken legal action against Geosyn Mining, LLC, a Texas-based crypto mining and hosting company, and its co-founders, Caleb Ward and Jeremy McNutt, over allegations of engaging in unregistered and fraudulent activities. Geosyn’s Alleged Fraud Scheme According to the SEC, Geosyn, Ward, the company’s CEO, and McNutt, the […]
Edward Snowden criticized the U.S. Department of Justice (DOJ) for targeting app developers aimed at restoring financial privacy, responding to the arrest of the founders and CEO of cryptocurrency mixing service Samourai Wallet on charges related to money laundering and operating without a license. Snowden’s remarks show his ongoing support for financial privacy within the […]
Marathon Digital plans to increase its 2024 hash rate target for Bitcoin mining from 35-37 EH/s to 50 EH/s, thanks to expanded capacity from recent acquisitions, aiming to more than double its mining operations without the need to raise additional capital. The company’s growth includes purchasing a 200 megawatt Bitcoin mining center and two additional […]
In the first quarter of 2024, the South Korean Won surpassed the US dollar as the leading currency for global cryptocurrency trades, with a cumulative trade volume of $456 billion according to research firm Kaiko, reflecting a growing speculative interest in risky crypto assets in South Korea. The increase in Korean won-denominated trades has been […]
I recently stumbled across an early '50s photo of Audrey Hepburn, white gloves and all, standing in front of a row of chrome and glass cubicles at a Manhattan Horn & Hardart Automat. The starlet in the photo is presumably about to put her nickels into a slot that will open to a seductive slice of pie, an illuminated slab of meatloaf or something similarly tasty.