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Canadian Border Town Halts Crypto Mining to Draw Up Regulations

Massena, a small New York town along the Canadian border has put the brakes on its crypto mining operations with a 90-day moratorium on new miners.

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Massena, a small New York town along the Canadian border has put the brakes on its crypto mining operations. The town has imposed a 90-day moratorium on new crypto miners, during which it will draw up fresh regulations to ensure that mining facilities and rigs are prevented from littering areas.

Canadian Border Town Suspends Crypto Mining Operations

As per a report published by the Associated Press, Massena has suspended all new mining operations for Bitcoin and other cryptocurrencies for 90 days. The town’s supervisor Steve O’Shaughnessy said that the decision was taken after trailers filled with mining equipment started popping up on the main road.

“We don’t want Massena to be filled up with these sea boxes throughout the town,” he asserted. “We don’t want it littered with these trailers that are pumping out Bitcoin.”

Town officials are planning to leverage the 90-day restriction to formulate rules that keep Massena’s roadsides uncluttered and make mining facilities more “presentable.” 

“We just want to make sure if they’re going to come here, that it’s a nice presentable building,” O’Shaughnessy stated.

Meanwhile, the town’s power supplier Massena Electric is in negotiations with three crypto miners. According to a WWNY report, the company is making sure that any deal it makes with these businesses protects its customers, who will also benefit from the increased sales. The energy supplier also has its own moratorium on working with new mining firms.

China’s Crypto Crackdown Brings Opportunities for Massena

Like many other North American towns, Massena has seen an influx of crypto miners ever since China banned mining operations in many of its provinces. Ousted companies scouring for greener pastures look towards the region for cheap electricity and legal support.

This bodes well for border communities that were hammered by job losses in factories for nearly a decade. The emergence of Bitcoin and other crypto mining companies indicates that new jobs are coming out and industrial activity is regaining its lost momentum in places like Massena.

As reported earlier, North America’s contribution to the global Bitcoin mining share is steadily increasing. The United States is now the second-largest hub for crypto mining with 17% of the world’s BTC miners. That is a staggering increase of 151% from last year’s mining rates in September. With more crypto miners flocking to the region, it’ll become easier for the industry to seek the support of regulators to continue their expansion in the future.

READ  Peter Schiff Says Tether Could Surpass ETH, Become 2nd Largest Crypto

#China Crypto Crackdown #Crypto Mining #Massena #North America

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Source: https://www.cryptoknowmics.com/news/canadian-border-town-halts-crypto-mining-to-draw-up-regulations

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Around 30% of Swing State Voters Want Bitcoin as Legal Payment Method: Poll

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According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


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The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

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Source: https://coingenius.news/around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13/?utm_source=rss&utm_medium=rss&utm_campaign=around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13

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AI

Around 30% of Swing State Voters Want Bitcoin as Legal Payment Method: Poll

Published

on

According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


ADVERTISEMENT

The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

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PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

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Click here to access.

Source: https://coingenius.news/around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13/?utm_source=rss&utm_medium=rss&utm_campaign=around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13

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AI

Around 30% of Swing State Voters Want Bitcoin as Legal Payment Method: Poll

Published

on

According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


ADVERTISEMENT

The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

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Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

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Source: https://coingenius.news/around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13/?utm_source=rss&utm_medium=rss&utm_campaign=around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13

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Cathie Wood’s Ark Invest Buys $89M Worth of TWTR After the Bitcoin Tips Integration

Published

on

According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


ADVERTISEMENT

The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coingenius.news/cathie-woods-ark-invest-buys-89m-worth-of-twtr-after-the-bitcoin-tips-integration-13/?utm_source=rss&utm_medium=rss&utm_campaign=cathie-woods-ark-invest-buys-89m-worth-of-twtr-after-the-bitcoin-tips-integration-13

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