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Moratorium Bitcoin

Goldberg Segalla

While the Crypto Financial World Burns, New York Passes Law Preventing Crypto Miners from Burning More Fossil Fuels

Goldberg Segalla on

A few weeks after her election as New York’s first female governor, and a couple days before New Yorkers sat down to Thanksgiving dinner, Gov. Kathy Hochul on Nov. 22 finally signed an environmental conservation moratorium on...more

Harris Beach Murtha PLLC

Proposed Legislation in New York Could Reduce State’s Carbon Footprint, But May Present New Challenges For Cryptocurrency Miners

There are two major mechanisms in place to verify new cryptocurrency transactions and add them to the blockchain. Proof of Work - The first cryptocurrency method to be created was the “proof of work” system. Under the...more

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