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Regulators are coming for cryptocurrency Plattsburgh, N.Y., passed an 18-month moratorium on cryptocurrency mining, a laborious process that requires an enormous amount of energy to accrue digital tokens, like bitcoin. Plattsburgh Mayor Colin Read told Motherboard that his town has "the cheapest electricity in the world" because of its ...
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Kenya's 4G Capital plans tokenised bond via cryptocurrency 4G Capital, a Nairobi-based microfinance and training company, is to become the first such financial institution to issue a tokenised bond using cryptocurrencies. The initial issuance aims to reach about $10m and a targeted coupon of 10 per cent to prove the concept, said Wayne Hennessy-Barrett, 4G's ...
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The FTC is cracking down on 'deceptive cryptocurrency schemes' One of the nation's top consumer watchdogs is trying to put a stop to alleged cryptocurrency scams that promised victims massive rewards for recruiting new members into the schemes. The lawsuit by the Federal Trade Commission takes aim at what's known as "chain referral" schemes involving ...
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New York power companies can charge cryptocurrency miners more The commission said companies that use banks of computers to "mine" cryptocurrency such as Bitcoin have come to areas in the state that have low-cost electricity. These companies use thousands of times more electricity than an average residential customer, with the spike in demand leader to higher ...
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VR investor moves into cryptocurrency with asset store Rare Bits Rare Bits has started a store where you can buy and sell cryptocurrency virtual goods, from CryptoBots to CryptoKitties. It's a secondary market for blockchain game assets, which are based on public ledger technology where item ownership is easily identified. "I decided my heart is in being operational," ...
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