Bitcoin mining firm NewRays is suing a judge and prosecutor for allegedly enforcing noise laws selectively against it, claiming that local ordinances were designed specifically to target the company despite other noisier operations nearby. The lawsuit, filed on September 26, highlights complaints from neighbors about the noise generated by NewRays’ data center in Arkansas, which began operations before the noise regulations were enacted. Despite installing sound barriers, the firm argues that the laws unfairly impact its business, reflecting broader tensions between crypto mining and local communities.
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0 posts last weekDemocrats Engage with Bitcoin Miners Amid 2024 Platform Discussions
Democratic National Committee Chair Jamie R. Harrison met with Marathon Digital executives to discuss environmental concerns related to Bitcoin mining and the growing interest in crypto investments. Despite the DNC’s recent platform omitting any mention of cryptocurrencies, signals indicate a potential shift in the party’s stance towards the industry. Senate Majority Leader Chuck Schumer has also committed to advancing crypto legislation by year-end, reflecting a broader engagement with the crypto sector as pro-crypto PACs invest heavily in Democratic campaigns.
read moreBitcoin Miners Navigate Industry Shifts Amid AI and Acquisitions
Bitcoin miners are facing an identity crisis post-halving, with some eyeing AI and acquisitions to diversify revenue. Consolidation is expected in the industry, with companies like Riot Platforms and Marathon Digital making strategic moves. Meanwhile, Bitdeer is exploring AI and chip manufacturing to expand its operations.
read moreTrump-Vance Ticket Hailed as Pro-Crypto by Industry Proponents
The price of bitcoin has surged following Trump’s announcement of J.D. Vance as his running mate, with the cryptocurrency market experiencing significant growth. Trump’s shift towards supporting the crypto industry has been well-received, while Biden’s administration has faced criticism from cryptocurrency proponents for its regulatory stance. The industry’s future trajectory may be influenced by the contrasting approaches of the two political figures.
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