NY Senate Confirms Acting Superintendent of NYDFS

The New York State Senate has confirmed Linda Lacewell as new superintendent for the Department of Financial Services, the body responsible for regulating nearly 1,500 financial institutions with assets of more than $2.6 trillion and the cryptocurrency industry. Lacewell was nominated for the position by Governor Andrew Cuomo and previously served as chief of staff […]

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Crypto Winter Freezes New York Bitcoin Mining Industry

A unique characteristic of many upstate New York cities is their low energy rates. Hydroelectric dams along the St. Lawrence river give residents electricity so cheap that many even heat their homes with it. The region made perfect sense for crypto miners during the “gold rush” days of 2017 and early 2018, and the increased […]

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