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| October 22, 2018

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L.A. County office market notches another solid quarter amid sustained tech boom

October 17, 2018 |

The Los Angeles County office market notched another solid quarter for landlords as rents moved up and occupancy held steady.

Expanding technology companies such as shopping app Honey again led the way in the third quarter, real estate brokerage CBRE reported, part of a pattern of growth that has…

L.A. Times – Business

Proposed Crypto Mining Moratorium Rejected by County in Montana

September 30, 2018 |

Proposed Crypto Mining Moratorium Rejected by County in Montana

Montana’s second most populous county, Missoula County, has rejected the proposal for a moratorium on cryptocurrency operations. The proposal was first presented at a public hearing in June but was postponed for three months.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Proposed Crypto Moratorium Rejected

Proposed Crypto Mining Moratorium Rejected by County in MontanaMissoula County’s board of commissioners held a public hearing Thursday to decide whether to accept or reject the proposal for a one-year emergency moratorium on new or expanded cryptocurrency operations.

Crypto mining could be limited in the county “under temporary emergency interim zoning,” the Missoulian described. The mining moratorium proposal was first presented at a public hearing in June but the decision was postponed for three months “to give staff more time to consider various options,” the publication added.

After Thursday’s hearing, the county posted a notice on its website stating:

The commissioners voted not to adopt interim zoning, and instead directed staff to investigate the development of regulations targeting the impacts of concern such as noise, electronic waste, and energy.

Jennie Dixon from the county’s Community and Planning Services department revealed that 92 percent of about 80 written comments from 71 individuals supported the moratorium, the news outlet noted.

No Authority

Attorney Jaymie Bowditch represents Hyperblock Technologies, the parent company of Project Spokane, one of the companies operating a cryptocurrency mining operation in the Missoula town of Bonner. He explained:

In order to approve the one-year moratorium using interim zoning, they [the county] had to show an imminent threat to public health or safety. By extending the public hearing for three months, it showed that no immediate danger was posed.

Proposed Crypto Mining Moratorium Rejected by County in MontanaCommissioner Jean Curtiss was quoted by the publication confirming that “the county doesn’t have the authority that the state or cities may have to regulate one industry using the interim zoning.”

Commissioner Dave Strohmaier commented, “We are talking about the impacts themselves, not necessarily crypto mining as an industry — the noise, e-waste, possible excessive use of electricity that threatens our planet.” He was further quoted suggesting: “It may be that we need a much broader approach because of the potential this would be myopic. But I do have serious concerns about the energy use.”

Crypto Mining in Missoula County

The county has been trying to attract crypto miners to set up operations. According to its website:

Missoula County is an attractive place for locating cryptocurrency mining operations due to the region’s low electricity rates and cool weather which helps to keep equipment from overheating.

Proposed Crypto Mining Moratorium Rejected by County in MontanaThe county’s website also details that “Electric utilities that operate in Missoula County report receiving large numbers of inquiries from cryptocurrency mining firms.” Furthermore, there are “two commercial-scale cryptocurrency mining facilities” that are currently operating in the county, “as well as an unknown number of small home-based cryptocurrency mining operations.”

However, the website also points out some concerns regarding “the current and potential adverse impacts of cryptocurrency mining on the public health and safety of its residents.” These impacts include noise pollution, greenhouse gas emissions, electrical system reliability and safety, fire safety hazard, and electronic waste containing heavy metals and carcinogens.

What do you think of Missoula County rejecting the proposed crypto mining moratorium? Let us know in the comments section below.

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The post Proposed Crypto Mining Moratorium Rejected by County in Montana appeared first on Bitcoin News.

Bitcoin News

Los Angeles County Fair reports 5% rise in attendance, cites lower prices

September 25, 2018 |

The Los Angeles County Fair in Pomona ended a 19-day run Sunday that drew 1.13 million visitors, a 5% increase from the previous year.

Managers of the annual celebration of deep-fried foods, dizzying carnival rides and barnyard animal exhibits attribute the increase to lower prices, new promotions…

L.A. Times – Business

County says cross on county seal is historical not religious

September 7, 2018 |

Lawyers for a Pennsylvania county say it should be allowed to keep a Latin cross on its official seal because it represents the county’s history.
FOX News

L.A. County Supervisors approve temporary rent control ordinance for mobile homes

August 15, 2018 |

The Los Angeles County Board of Supervisors on Tuesday moved to impose temporary rent caps on mobile homes. The vote comes amid a broader, controversial push to remove barriers to rent control across California in response to rising housing costs.

In a 3-1 vote, supervisors approved temporary caps…

L.A. Times – Business


Anthony Anderson, Steven Seagal, Harvey Weinstein Assault Cases Sent to L.A. County D.A.

August 10, 2018 |

The Anthony Anderson and Steven Seagal assault investigations have been turned over to the Los Angeles County District Attorney’s Office … TMZ has learned. Law enforcement sources tell TMZ … the cases were sent over Wednesday by the…

Tourists in Los Angeles County pumped a record $22.7 billion into the local economy

May 7, 2018 |

A record-setting pace of tourists visiting Los Angeles County injected $ 22.7 billion into the local economy last year, countering fears that a strong dollar and tough rhetoric from the White House might scare off international tourists.

The county hosted 41.2 million domestic visitors and 7.3 million…

L.A. Times – Business


Kevin Spacey Sex Crimes Case to Be Rejected by L.A. County D.A.

April 12, 2018 |

2:37 PM PT — The L.A. County Sheriff’s Dept. released a statement, saying, “The Los Angeles County Sheriff’s Department Special Victims Bureau began an investigation into allegations of a sexual assault involving Mr. Kevin Spacey on December 11,…