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| August 16, 2018

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1.4M People, Less Than 2 Square Miles: Welcome to World’s Most Crowded City

August 16, 2018 |

Stretch out your arms and explore that personal space bubble. Now, feel the envy of those living in Paris or Kathmandu. They’re among the most crowded cities in the world, according to a 24/7 Wall St. ranking, based on the number of residents per square mile. Topping the list is…
Newser

Bull escapes Oklahoma City pen, dies after gallivanting through Oklahoma City

August 15, 2018 |

A bull ran amok through the streets of Oklahoma City on Monday before eventually collapsing and dying, police said.
FOX News

Another US City Imposes a Moratorium on Crypto Mining

August 11, 2018 |

Another US City Imposes a Moratorium on Crypto Mining

The city of Salamanca in the U.S. state of New York is reportedly establishing a moratorium on cryptocurrency mining operations in the city. This will stop crypto miners from “using up all the residents’ power and effectively make all of them get a price increase on their utility bills,” a member of the city’s council explained.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

City Council Voted for a Moratorium

Another US City Imposes a Moratorium on Crypto Mining The Common Council of the city of Salamanca in New York voted unanimously on Wednesday to approve Local Law No. 2 for 2018 and impose “a moratorium on commercial cryptocurrency mining operations in the city,” the Salamanca Press reported.

The news outlet described that according to the local law:

A moratorium would temporarily stop applications or proceedings, or the issuance of approvals or permits, for cryptocurrency mining operations in the ‘electric service area’ of the city of Salamanca.

The purpose of this moratorium is for the city to have “the opportunity to consider zoning and land use laws and municipal electric department regulations before commercial cryptocurrency mining operations result in [an] irreversible change to the character and direction of the city,” the publication conveyed. A public hearing on the local law will be held on September 12.

Buying Time to Set Rules

Another US City Imposes a Moratorium on Crypto Mining Salamanca council member Timothy Flanigan, who sits on the city’s Board of Public Utilities (BPU), explained that the BPU “does not yet have all the rules and regulations in place to properly deal with cryptocurrency operations.” Citing the sheer amount of energy crypto mining uses, he added that “this moratorium buys the city time to get rules in place without a blow to the electric system.”

Emphasizing the need to ensure that residential customers continue to have cheap power, he elaborated:

The thing that this [moratorium] will do is devoid people of using up all the residents’ power and effectively make all of them get a price increase on their utility bills because somebody else is using up all the cheap power.

A few other cities in the U.S. have introduced similar measures. In March, commissioners of a power district in Washington State’s Chelan County launched “an emergency moratorium on new high-density load hookups to give staff time to develop a plan for dealing with the demand for electricity from digital currency miners.” In the same month, the City Council of Plattsburgh, New York, adopted a local law prohibiting mining operations in the city, as news.Bitcoin.com reported.

Another small town in upstate New York, Massena, had a similar concern in July. The city’s regulators decided to charge crypto miners a higher rate for energy instead of imposing a moratorium.

What do you think of cities imposing moratoriums on crypto mining? Let us know in the comments section below.


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The post Another US City Imposes a Moratorium on Crypto Mining appeared first on Bitcoin News.

Bitcoin News

For Uber and Airbnb, New York City Turns Foe

August 10, 2018 |

Two measures in New York City could hamper Silicon Valley heavyweights Uber Technologies and Airbnb as they prep for potential initial public offerings expected as soon as next year.
WSJ.com: US Business

Johnny Depp’s movie ‘City of Lies’ pulled from release schedule a month before premiere

August 7, 2018 |

Amid a time of very bad press for Johnny Depp, the star’s upcoming movie about the death of rapper Notorious B.I.G., “City of Lies,” has been pulled from the schedule just a month before it was supposed to hit theaters.
FOX News

If Dam Fails, City Could Be Flooded in 7 Minutes

August 3, 2018 |

Some 124 homes in Lynchburg, Va., are under evacuation orders with intense flooding in the region. The College Lake Dam, whose complete failure could put the downstream city of 80,000 under 17 feet of water in seven minutes, exceeded its capacity Thursday after four to six inches of rain…
Newser

‘Wall of Flames’ Hits Northern Calif. City

July 27, 2018 |

An explosive wildfire tore through two small Northern California communities Thursday before reaching the city of Redding, killing a bulldozer operator on the fire lines, burning three firefighters, destroying dozens of homes, and forcing thousands to flee. Scott McLean, a CalFire spokesman for the crews battling the blaze, says flames…
Newser

CNN

After shooting, Toronto wants to ban handgun sales in the city

July 26, 2018 |

Days after a deadly shooting rampage in Toronto, its city council voted overwhelmingly to urge its federal government to ban the sale of handguns in the city.
CNN.com – RSS Channel – Regions – Americas

CNN

Toronto shooting rampage leaves 2 dead, 13 wounded and a city baffled

July 23, 2018 |

The two people killed in a Toronto shooting rampage were just 10 and 18 years old, police said.
CNN.com – RSS Channel – Regions – Americas

City commission will consider bid to declare Los Angeles Times buildings historic-cultural monuments

July 20, 2018 |

A bid to gain protected status for three Los Angeles Times buildings moved forward Thursday when the Cultural Heritage Commission agreed to consider an application to make them historic-cultural monuments.

Monument status could hinder a plan to redevelop the downtown L.A. block where they stand….


L.A. Times – Business