Crypto News 

BlockFi to Offer First Interest-Bearing Crypto Accounts in Washington State

“The firm explained that the license will allow BlockFi to be the first crypto company eligible to offer interest-bearing crypto accounts to Washington state residents” writes Adrian Zmudzinski for cointelegraph.com. Cryptocurrency lending firm BlockFi announced in an email that it obtained a money transmission license (MTL) in the state of Washington in the United States.Furthermore, Washington residents will also have access to the firm’s trading service.The trading platform was announced by the firm last week. Source: cointelegraph.com

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AUD News 

Aussie bond yields continue to climb after RBA decision

“The notable change by the RBA this time around is in the statement as they reaffirmed their commitment to keep the cash rate on hold , citing the “long and variable lags in the transmission of monetary policy”” reports forexlive.com. AUD/USD sits at the highs for the day around 0.6845 currently as we look towards European trading. Source: forexlive.com

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News 

PG&E agrees to extend deadline for wildfire damage claims

“Lawyers for wildfire victims and PG&E are also considering whether new claims related to a wildfire burning in wine country will be included in the bankruptcy case” writes The Associated Press for latimes.com. PG&E has set aside $8.4 billion to pay wildfire victims as part of its bankruptcy plan.On Monday, a federal judge asked PG&E to report by Nov. 29 “when, how and by whom” the jumper cable at the transmission tower was last inspected.Pacific Gas & Electric has agreed to extend by two months the deadline to file claims…

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News 

Bigger, longer blackouts could lie ahead in California

“State officials concluded that fire was sparked by a PG&E transmission line” reports thebusinessjournal.com. Turning off big transmission lines reduces the stability of the electrical grid, leading to bigger outages, Wara said.But PG&E’s decision to shut down distribution lines but not long-distance transmission lines may have backfired this time when a blaze erupted near the Sonoma County wine country town of Geyserville.Minimizing blackouts will require PG&E to harden its grid with stronger poles and newer equipment less likely to fall or spark.PG&E said a live, 230,000-volt transmission line near Geyserville…

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News 

Democrats want to build big renewable power lines. How one project failed

“He promises to build lines underground, an untested method that is more expensive than above-ground lines, but that could avoid the backlash that visible power lines would elicit” reports washingtonexaminer.com. And the places where power lines would need to get built don’t necessarily benefit from using or generating the power, making it harder to get their approval to build.Elizabeth Warren promises to “provide incentives” to expedite the planning and siting of interstate transmission lines.”If a Democrat gets elected to the White House and wants to build renewables, they need to…

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News 

UAW continues strike despite tentative agreement, Chevy Blazer production impacted

“The union will hold a vote to either ratify or strike down the tentative agreement both the automaker and union agreed to last week” writes Sean Szymkowski for cnet.com. The UAW-GM tentative labor agreement officially closes Lordstown and the transmission plants, but keeps the Detroit plant online for the foreseeable future.The automaker previously confirmed the strike laid off thousands of Mexican workers and impacted transmission and pickup truck production.Last November, GM announced the Lordstown plant would go unallocated until it hashed out a new labor agreement with the UAW. Joining…

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News 

Top 10 most American-made cars in 2019

“Touring and Elite trims get a nine-speed automatic transmission while lower trims have to make do with a six-speed auto” writes Emme Hall for cnet.com. Regardless of engine, a nine-speed automatic transmission gets the power to the pavement — or dirt as the case may be.However unlike the Ridgeline, the Passport sends that power through a nine-speed automatic transmission.Output is stated at 273 horsepower and 280 pound-feet of torque, and it’s mated to a 10-speed automatic transmission.You can get it with a seven-speed manual or eight-speed automatic transmission, but the…

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Crypto News 

Nevada Regulators Say Bitcoin ATMs Will Need License to Operate

“In June, the mayor of the Canadian city of Vancouver suggested ATMs should be banned altogether due to money laundering concerns” writes William Suberg for cointelegraph.com. Several laws pertaining to money transmission — NRS Chapter 671 and 679 are also mentioned. “Over time, the NFID has monitored the growth and expansion of the blockchain, bitcoin, and virtual currency industries,” the statement summarizes. Source: cointelegraph.com

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