Tag Archives: Washington

Washington’s Douglas County is Looking to Build a Blockchain Innovation Campus

Local officials of United States’ Douglas County located in central Washington want to build a blockchain innovation campus, local daily newspaper The Seattle Times reports on Jan. 11. According to the aforementioned article, the county is already used to hosting a substantial crypto mining industry. Crypto miners have been attracted to various central Washington counties due to their… Read More »

US Lawmakers File Bill to Exempt Cryptocurrencies from Securities Laws

Two members of the U.S. House of Representatives are seeking to exempt cryptocurrencies and certain other digital assets from federal securities laws. The “Token Taxonomy Act” was introduced Thursday by Reps. Warren Davidson and Darren Soto, a move that comes months after a roundtable in Washington, D.C. that sought input about regulatory measures for the industry. According to… Read More »

Crypto Mining Firm Giga Watt Files for Bankruptcy, Faces Eviction in Washington County

Major U.S. crypto mining and blockchain firm Giga Watt has filed for bankruptcy on Monday, Nov. 19, Washington daily newspaper Wenatchee World reported yesterday, Nov. 20. The top-five crypto mining firms entrant has reportedly filed for Chapter 11 protection in the Eastern District of Washington bankruptcy court, claiming that the firm is “insolvent and unable to pay its… Read More »

Rural Washington County Utility Proposes Increased Electricity Costs for Crypto Miners

Washington’s Chelan County Public Utility District (PUD) has proposed a new electricity pricing structure for cryptocurrency miners meant to pass down the cost of increased electricity demand, Central Washington radio station KPQ reported Nov. 14. The article cites Lindsey Mohns, the Customer Utilities Rate Adviser, explaining the difference between the current and proposed electricity pricing systems, noting that… Read More »

Washington Town Ephrata Pushing Back Against Cryptocurrency Mining

The small Washington community of Ephrata is just the latest in a growing number of communities inside of Grant County moving to halt crypto activity. When the city council of Ephrata, Washington, recently voted to halt new cryptocurrency-related mining operations in the town for the next year. The choice they made is becoming increasingly popular among Washington’s smaller… Read More »

Ephrata, Washington Imposes Year-Long Ban on New Cryptocurrency Mining Operations

The city of Ephrata, Washington, will halt new crypto mining developments in the city for the next 12 months, Eastern Washington and North Idaho daily newspaper The Spokesman Review reports Friday, Oct. 19. The recently announced suspension will only affect new crypto operations from being established in Ephrata, while the existing four businesses already there will continue operating.… Read More »

Financial Giants Gather in D.C. for Crypto Roundtable

On Tuesday, September 25th, Rep. Warren Davidson (R-OH) will host a roundtable discussion with big-name financial players, firms, and crypto companies. Congressman Warren Davidson (R-OH) will host a roundtable discussion on Tuesday in Washington D.C. The roundtable includes figures representing Wall Street, venture capital firms, crypto exchanges, and non-profits. CNBC‘s Kate Rooney notes that the discussion comes in… Read More »

Washington Mining Enclave to Be Hit with Increased Power Costs

Low energy prices from the local hydroelectric plant attracted many cryptocurrency miners to Grant County, Washington. But it seems like the gravy train may soon hit the buffers as authorities announced a series of price hikes. Evolving Industries International Business Times reports that a late-August meeting saw the Grant County Public Utility District (PUD) vote-in a new rate… Read More »

Cryptocurrency Miners Dig In to Small-Town America

Even though the cryptocurrency market has experienced a rough year, miners are still staking their claims across many of America’s small towns. Some people are enthusiastic about a new ‘virtual gold rush,’ but countless others don’t believe the hype. Cryptocurrency miners have spread across the world in search of striking digital gold. Miners in Fukui Japan are taking… Read More »

Don’t Let the Crypto Circus in Congress Fool You

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Progress? Judging from the most eye-catching headlines from two separate hearings on Capitol Hill Wednesday, it’s tempting to… Read More »