The Texas Blockchain Council (TBC) describes itself as a nonprofit industry association that works to make the State of Texas the jurisdiction of choice for cryptocurrency, blockchain and digital asset innovation. Riot Platforms, Inc. is a TBC member and Bitcoin mining company. On February 22, 2024, the two sued the United States Department of Energy (âDOEâ), the U.S. Energy Information Administration (âEIAâ) and the Office of Management and Budget (âOMBâ), among others, for what Plaintiffs…
On November 20, 2022, two Estonian citizens were arrested in Tallinn, Estonia on the basis of an indictment returned by a grand jury in the Western District of Washington. The indictment against Sergei Potapenko and Ivan TurĂ”gin contains 18 criminal counts including: conspiracy, wire fraud, and conspiracy to commit money laundering. The two are alleged to have defrauded hundreds of thousands of would-be investors in a virtual currency bank as well as fraud in connection…
On November 23, 2022, New York Governor Kathy Hochul signed legislation that imposes a two-year moratorium on certain crypto-mining operations that run on carbon-based power sources. The “Purpose or General Idea” portion of the legislation provides: To establish a moratorium on air permit issuance and renewal for electric generating facilities that utilize a carbon-based fuel and that provides, in whole or in part, behind-the-meter electric energy consumed or utilized by cryptocurrency mining operations that use…
Effective September 21, 2020, the Office of the National Superintendent of Cryptoassets and Related Activities (SUNACRIP) will be regulating the activities related to (i) the use, import and commercialization of digital mining equipment, parts and pieces; (ii) adaptation of spaces to offer the hosting service for digital mining, including the manufacture, assembly, repair and improvement of such equipment; and, (iii) digital mining services in the cloud. With the entering into force of these new guidelines…