new York State Assembly

Everything You Need to Know About New York’s New Crypto Bill

The Blockchain Association New York State Lead John Olsen discusses a recent bill passed in the New York State Assembly to ban non-renewable crypto mining. Olsen explains the details of the legislation, the chances of it getting passed in the Senate and misconceptions about blockchain technology amongst lawmakers.

By CoinDesk Staff

May 2, 2022 at 3:14 p.m. UTC

May 2, 2022

New YorkRegulationcdtvFM ClipBlockchain AssociationMiningSenateEric AdamsBitLicensenew York State Assembly

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New york

New York State Bans Non-Renewable Crypto Mining

CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses a recent bill passed in the New York State Assembly imposing a two-year moratorium on proof-of-work crypto mining using non-renewable energy sources. De addresses the use of hydroelectric power in New York and broader environmental concerns regarding crypto mining.

By CoinDesk Staff

Apr 27, 2022 at 3:25 p.m. UTC

Apr 27, 2022

New YorkNikhilesh DecdtvFM ClipMiningProof-of-WorkEnergynew York State Assembly

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Bitcoin

New York State Assembly Committee Moves Forward With Bitcoin Mining Ban

The Environmental Conservation Committee of the New York State Assembly voted in favor of a bill that would ban proof-of-work (PoW) cryptocurrency mining for two years due to energy consumption concerns. “The Hash” hosts discuss the growing politicization of bitcoin and possible ways for the mining industry to respond.

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Mar 23, 2022 at 8:21 p.m. UTC

Mar 23, 2022