PLATTSBURGH | The City of Plattsburgh has lifted its 18-month moratorium on new commercial cryptocurrency mining operations. The 5-1 decision came Thursday night after nearly 12 months of deliberations on how best to protect ratepayers from negative impacts of mining operations’ electricity usage, noise pollution and potential fire safety hazards.
New York-based commercial bank Signature Bank will begin offering financial services to fintech firms in the island nation of Bermuda, local news daily the Royal Gazette reports on Feb. 28. According to the Royal Gazette, banks in Bermuda have mostly avoided dealing with the fintech industry, which is in need of financial services.
We are at the dawn of a new age. You do not believe it? Well, just see how many banks are launching cryptocurrencies or at least digital coins that use the blockchain technology. Not only JPMorgan, one of the largest global banks of the world, has launched its own blockchain-based JPM Coin, now Dukascopy Bank has launched Dukascoin, its own crypto.