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Crypto

Plattsburgh considers 12-month pause on crypto mining and AI data centres to curb high-power facilities

Plattsburgh in New York state is considering reintroducing temporary restrictions on AI data centres and cryptocurrency mining facilities. The city held a public hearing on a proposal to halt land-use approvals for 12 months for high-power computing operations. If passed, facilities requiring 300 kW or more would face a pause in new approvals. Mayor Wendell Hughes has not yet approved the measure, and the city council plans another meeting on Sept. 17.

Crypto

Uphold nears launch of Earn on XRP yield service targeting 1.62 billion XRP

U.S. cryptocurrency exchange Uphold is nearing the launch of a yield service for XRP holders called Earn on XRP, blockchain outlet U.Today reported on Thursday. Chief Product Officer Paul Underwood said development is in its final stage and details will be released within weeks. Because the XRP Ledger does not support native staking, Uphold is considering DeFi lending protocols or partner networks. Underwood also said the company is pursuing a New York BitLicense.

Crypto

X Money\'s key perk of 6 percent annual interest hit as New York rate drops to 0 percent from October

X Money, a payments service launched by Elon Musk\'s X, will no longer be able to pay interest on stored balances in New York after the state financial regulator set the yield on New York customer accounts at 0.00 percent from Oct. 1. The change removes a benefit X promoted during its U.S. rollout, including a 6 percent annual yield for Premium Plus subscribers, and highlights how state-by-state licensing affects service terms.