Tag: new york

Bitcoin Price Watch: Currency Spikes to $8,800

At press time, bitcoin is trading for roughly $8,800. This is a $200 jump from where it stood just 24 hours ago, and investors are receiving a glimmer of hope for the future. The price bump suggests that bitcoin’s power is continuing to grow stronger, and despite a few ups and downs this week, the currency is finding it relatively easy to recover from negative hype. Granted bitcoin can keep …
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New York Is The First In U.S. To Ban Crypto-Mining After Operations Deplete 10 Percent Of Town’s Electricity

In a town where electricity comes cheap, and electricity flows quickly, cryptocurrency miners have flocked to its source off the St. Lawrence River, taking full advantage of its currents, depleting the town of almost 10% of its electricity. Did you know mining for cryptocurrency requires a butt-load of electricity? In a small town like Plattsburgh, New York, it doesn’t have to worry about paying absurd prices for its electricity or …
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Amazon’s New Staten Island Facility Lets Humans and Robots Work Together

A lot of people are rightfully concerned about the impending robot revolution. When robots are introduced to the job market, humans will eventually have to adapt in one way or another. Amazon thinks both humans and robots can coexist in the workplace and will demonstrate this at its new Staten Island order fulfillment center. Robots and Humans Working Side-by-side In a perfect world, there would be no reason for human workers to be concerned about …
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NYDFS Introduces Cyber Security Guidelines For BitLicense Holders

It looks like more trouble is brewing on the horizon for Bitcoin companies targeting the New York area. Other than obtaining for a BitLicense to operate legally, new cybersecurity rules have been proposed by the NYDFS. BitLicense holders would have to adhere to these new guidelines as well, although there is a 45-day comment period. NYDFS Strikes Again With Unnecessary Proposals It is safe to assume very few people are …
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