New York Governor Kathy Hochul signed a bill imposing a two-year moratorium on certain types of cryptocurrency mining, citing concerns about its energy use and impact on climate change. In a memo, she says the moratorium specifically targets mining operations that “are operated through electric generating facilities that use a carbon-based fuel.” Many cryptocurrencies like … [Read more…]
Alabama Securities Commission Director Joseph Borg indicated that Alabama is participating in a multi-state effort to probe Genesis Global Capital’s links to other crypto firms. The states are investigating whether Genesis and potentially associated companies enticed investors to trade crypto-related securities without proper registration. Earlier this week, Genesis Global Capital hired a firm named Moelis … [Read more…]
The London High Court ruled that the Bitcoin.org owner, Cøbra, must reveal their identity to contest the legal costs demanded by Craig Wright in an ongoing court case. The presiding judge, Jason Rowley, says Cøbra can request anonymization. However, since Craig Wright is the claimant, that would not prevent him from learning Cøbra’s identity – … [Read more…]
When a black hole feeds on material, it can whip up enormous jets of matter that stream out from the black hole at an angle that is perpendicular to the accretion disk around it. When one of the jets is pointed toward Earth – or at least close enough that an orbiting observatory can observe … [Read more…]
…But don’t overdo it, please. NASA is seeking public comment on a draft environmental impact statement for the Mars Sample Return mission. Comments can be submitted online, through the mail, or at one of a series of virtual and in-person meetings. WebEx will host the virtual meetings on November 30 at 1pm and 6pm MST. … [Read more…]
Genesis Global Capital hired an investment firm named Moelis & Company to explore options, including a potential bankruptcy. Since FTX’s meltdown, Genesis has been trying to negotiate with creditors and raise funds to recover from its exposure to the now-defunct exchange. It also suspended depositors’ withdrawals and origination of new loans – which, in the … [Read more…]
The presiding judge in the FTX bankruptcy case, John Dorsey, approved FTX’s request to redact its creditors. A legal team representing FTX’s unsecured creditors supported FTX’s request, citing privacy reasons. The legal team for the unsecured creditors said that exposing their identities could discourage investors from participating in the bankruptcy process and harm their ability … [Read more…]
After making the first launch of the SLS in several years with Artemis I on November 16, NASA announced that its Orion spacecraft made its first lunar flyby on November 21, 2022. Orion came as close as 81 miles above the lunar surface. After the flyby, Orion made a planned burn of its orbital maneuvering … [Read more…]
BlockFi is currently preparing to lay off employees and file for Chapter 11 bankruptcy as the fallout from FTX’s rapid collapse continues. Last week, it paused withdrawals and limited activity on its platform. BlockFi admitted “significant exposure” to FTX. However, it denied rumors that the majority of its digital asset holdings were on FTX. A … [Read more…]
So I’m sure we’re all at least somewhat familiar with the drama behind Elon Musk’s acquisition of Twitter. First Elon Musk revealed that he had enough Twitter stock to equal a 9.2% stake and offered to take it private. Twitter’s board of directors dithered around about it for a bit, and then accepted the offer. … [Read more…]