Latest news with #ChrisRyan
Yahoo
30-06-2025
- Business
- Yahoo
Bitcoin firm says police shouldn't saw open Bitcoin ATMs to seize cash for scammed customers, will seek damages for destroyed machines — firm claims seizures are criminal and victimize the company
When you buy through links on our articles, Future and its syndication partners may earn a commission. Bitcoin Depot Chief Legal Officer, Chris Ryan, said that police departments using brute force to open Bitcoin ATMs and seize the cash inside is bordering on law enforcement overreach. Sawing them open might even be breaking banking and criminal laws, added Ryan. The executive told Decrypt that the money inside Bitcoin Depot ATMs rightfully belongs to the company, and that any damage to its machines will be held against the offending organization. 'You've got these rogue law enforcement officers thinking that they're doing the right things by these consumers,' Ryan said. 'What they're actually doing is creating another victim, which is us, with the damage of our property and seizing of our funds.' Just last week, the Jasper County Sheriff broke into a Bitcoin Depot ATM after one of its constituents reported getting scammed out of $25,000. Although the victim went through proper channels, and they were able to secure a search warrant, the money inside the ATM is legally no longer the property of the victim. Instead, the authorities should be going after the wallet address where the cryptocurrency was deposited. Because the Sheriff used a power tool to break open the ATM to get its contents, Bitcoin Depot said that its machine — which cost $14,000 each — was completely totaled. This is particularly unfortunate because the company said that it always cooperates with law enforcement and will open the machine for them when going through the proper channels. Requests like this happen up to 20 times a year, Ryan said to Decrypt, and that doesn't even include cases where the police just straight up break their machines open. As for the latter, the company would charge the jurisdiction for the damage — something many can't afford. Crypto ATMs are similar to regular deposit machines, wherein they accept cash and credit the same amount to your bank account. But instead of going into your account, it would instead go into your nominated wallet address. Depositors that use the machine are required to confirm that they're depositing the money into their own wallets, and it even warns users using third-party addresses that they might be getting scammed. So, if someone was scammed out of their cash with a regular deposit machine, the police would not break the ATM — instead, they would coordinate with the courts and the bank to freeze the account and potentially get the money back. This should be the same pathway that victims should take when scammed through crypto. Unfortunately, many people, including law enforcement and the courts themselves, do not understand how crypto works. Because of that, we get incidents like these where police forcibly open crypto ATMs, causing damage to a third party's property. While Bitcoin Depot and other similar operations are legitimate, they're often used by scammers because of how fast and easy it is for them to get the stolen funds. Even though you can easily track crypto transactions due to the public nature of the ledger, getting them back is often difficult because of anonymity. Moreover, if the scammer does not use an exchange that works with the authorities, it's difficult, often nearly impossible, to get the money back. Because of these attributes, scammers are increasingly switching from gift cards to Bitcoin ATMs. Follow Tom's Hardware on Google News to get our up-to-date news, analysis, and reviews in your feeds. Make sure to click the Follow button. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Low-carbon jet fuel executive says company could ‘copy and paste' SD plan to ND site
Chris Ryan, right, president and chief operating officer of renewable fuels company Gevo, speaks June 10, 2025, in West Fargo, N.D., at the Midwest Ag Summit. At left is Greg Lardy, vice president for agriculture at North Dakota State University. (Jeff Beach/North Dakota Monitor) WEST FARGO, N.D. — The demand for jet fuel is going up. The demand for gasoline is going down. That's the simple explanation from Chris Ryan, the president and chief operating officer of Gevo, on why the company plans to add a sustainable aviation fuel plant to the corn-based ethanol plant it purchased at Richardton in southwest North Dakota. Ryan said the low-carbon jet fuel won't come cheap – throwing out a ballpark figure of $500 million for a potential project still years down the road. Ryan spoke Tuesday in Fargo at the Midwest Agriculture Summit hosted by The Chamber of Fargo, Moorhead and West Fargo. Colorado-based Gevo bought the Red Trail Energy ethanol plant at Richardton last year. The Red Trail plant was the first ethanol producer in the country to implement carbon sequestration — capturing carbon dioxide from the plant's corn fermentation tanks and pumping it into permanent underground storage. The CO2 sequestration is key in lowering the carbon intensity score of the plant and for sustainable jet fuel production. Low-carbon fuels can fetch a higher price than traditional liquid fuels. 'We could make gasoline, but it's a diminishing market,' Ryan said. 'So jet fuel is a kind of sexy thing to talk about these days.' In an interview with the North Dakota Monitor, Ryan said there is plenty of room to add a jet fuel plant at the 500-acre Richardton site. He said the plant would add about 50 jobs, about the same number that the ethanol plant employs. Expanding the ethanol plant also is a possibility, Ryan said. The company also is considering adding wind turbines at Richardton to provide power and lower the carbon score even further, he said. Even though renewable energy tax credits are a possible target for budget cuts under President Donald Trump, he said wind energy at the site still makes good economic sense. Gevo also has plans for a sustainable aviation fuel plant at Lake Preston in southeast South Dakota. The future of that plant depends in large part on the five-state Summit Carbon Solutions pipeline project that would take carbon emissions from ethanol plants to western North Dakota for underground storage. Appellate court upholds decisions favoring Summit over county pipeline ordinances Ryan said when the South Dakota project was conceived, it did not include carbon capture. But as construction costs soared with the COVID-19 pandemic, he said it became necessary to sign on to the Summit pipeline project. He said the federal tax credits for carbon sequestration would help offset the higher building costs. The project has stalled as Summit has run into permitting rejections and a new state law banning the use of eminent domain by carbon pipeline projects. 'We really need the pipeline,' Ryan said. He added that Gevo bought more land than it needed for the project. That is allowing for other projects at the site, benefiting Gevo and the Lake Preston area, he said. The Summit delays spurred the purchase of Red Trail, which had the advantage of sitting almost on top of an area suitable for underground carbon storage. 'We had to take our destiny into our own hands,' Ryan said, and not be dependent on the Summit pipeline. He said Gevo can 'copy and paste' the engineering work done for the South Dakota site to the Richardton site. While the carbon dioxide from the Richardton plant is being pumped underground, Ryan said Gevo recognizes that it has a potential for use in North Dakota's oilfields, making oil wells more productive through what is called enhanced oil recovery. North Dakota leaders have been trumpeting the economic benefits of enhanced oil recovery. Ryan said if the oil industry is willing to pay for carbon dioxide to use in enhanced oil recovery, Gevo would sell the CO2 rather than pump it underground. 'We don't care where the revenue comes from, right? Today, we sequester it for a tax credit, and we can sell carbon credits,' Ryan said. 'Or you can sell it to somebody for enhanced oil recovery.' He said he sees it as another advantage of doing business in North Dakota. 'People in North Dakota get that, they understand the value of that,' Ryan said. This story was originally published by the North Dakota Monitor. Like South Dakota Searchlight, it's part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity. North Dakota Monitor maintains editorial independence. Contact Editor Amy Dalrymple for questions: info@
Yahoo
11-06-2025
- Business
- Yahoo
Low-carbon jet fuel company foresees huge investment in western North Dakota
Chris Ryan, right, president and chief operating officer of renewable fuels company Gevo, speaks June 10, 2025, in West Fargo, N.D., at the Midwest Ag Summit. At left is Greg Lardy, vice president for agriculture at North Dakota State University. (Jeff Beach/North Dakota Monitor) WEST FARGO, N.D. — The demand for jet fuel is going up. The demand for gasoline is going down. That's the simple explanation from Chris Ryan, the president and chief operating officer of Gevo, on why the company plans to add a sustainable aviation fuel plant to the corn-based ethanol plant it purchased at Richardton in southwest North Dakota. Ryan said the low-carbon jet fuel won't come cheap – throwing out a ballpark figure of $500 million for a potential project still years down the road. Ryan spoke Tuesday in Fargo at the Midwest Agriculture Summit hosted by The Chamber of Fargo, Moorhead and West Fargo. Colorado-based Gevo bought the Red Trail Energy ethanol plant at Richardton last year. The Red Trail plant was the first ethanol producer in the country to implement carbon sequestration — capturing carbon dioxide from the plant's corn fermentation tanks and pumping it into permanent underground storage. The CO2 sequestration is key in lowering the carbon intensity score of the plant and for sustainable jet fuel production. Low-carbon fuels can fetch a higher price than traditional liquid fuels. 'We could make gasoline, but it's a diminishing market,' Ryan said. 'So jet fuel is a kind of sexy thing to talk about these days.' In an interview with the North Dakota Monitor, Ryan said there is plenty of room to add a jet fuel plant at the 500-acre Richardton site. He said the plant would add about 50 jobs, about the same number that the ethanol plant employs. Expanding the ethanol plant also is a possibility, Ryan said. The company also is considering adding wind turbines at Richardton to provide power and lower the carbon score even further, he said. Even though renewable energy tax credits are a possible target for budget cuts under President Donald Trump, he said wind energy at the site still makes good economic sense. Corn price connection to carbon capture hard to pin down Gevo also has plans for a sustainable aviation fuel plant at Lake Preston in southeast South Dakota. The future of that plant depends in large part on the five-state Summit Carbon Solutions pipeline project that would take carbon emissions from ethanol plants to western North Dakota for underground storage. Ryan said when the South Dakota project was conceived, it did not include carbon capture. But as construction costs soared with the COVID-19 pandemic, he said it became necessary to sign on to the Summit pipeline project. He said the federal tax credits for carbon sequestration would help offset the higher building costs. The project has stalled as Summit has run into permitting challenges and a new state law giving landowners more power in easement negotiations. 'We really need the pipeline,' Ryan said. He added that Gevo bought more land than it needed for the project. That is allowing for other projects at the site, benefiting Gevo and the Lake Preston area, he said. The Summit delays spurred the purchase of Red Trail, which had the advantage of sitting almost on top of an area suitable for underground carbon storage. 'We had to take our destiny into our own hands,' Ryan said, and not be dependent on the Summit pipeline. He said Gevo can 'copy and paste' the engineering work done for the South Dakota site to the Richardton site. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX While the carbon dioxide from the Richardton plant is being pumped underground, Ryan said Gevo recognizes that it has a potential for use in North Dakota's oilfields, making oil wells more productive through what is called enhanced oil recovery. North Dakota leaders have been trumpeting the economic benefits of enhanced oil recovery. Ryan said if the oil industry is willing to pay for carbon dioxide to use in enhanced oil recovery, Gevo would sell the CO2 rather than pump it underground. 'We don't care where the revenue comes from, right? Today, we sequester it for a tax credit, and we can sell carbon credits,' Ryan said. 'Or you can sell it to somebody for enhanced oil recovery.' He said he sees it as another advantage of doing business in North Dakota. 'People in North Dakota get that, they understand the value of that,' Ryan said. This story was updated to correct Chris Ryan's title. SUPPORT: YOU MAKE OUR WORK POSSIBLE
Irish Independent
09-06-2025
- Politics
- Irish Independent
Planning sought to turn former Wexford convent into IPAS centre
Although Wexford County Council ruled the development non-exempt in the previous application, Ian Skeffington has lodged another application, with letters supporting the need for the centre. The application is looking to see if the project would be ruled a development or exempt from planning permission, specifying that the occupants are to be Ukrainian and international protection applicants. The cover letter consists of a letter from Farry Town Planning Ltd, as a referral pursuant, that emphasises the need for appropriate accommodation for refugees fleeing conflict. "There is a clearly a great need nationally for all types of residential accommodation, ranging from standard houses and apartments, through student dwellings and nursing homes and onwards to centres for wartime refugees and international protection applicants and every effort needs to be made by the various stakeholders, including the Planning Authority, to accelerate the delivery of such housing,' they wrote. "Indeed, all participants in this overall process must aim to promote the provision of such accommodation, to the degree that these types of dwellings are required immediately and not at some future stage." "We thus respectfully invite Wexford County Council to endorse this referral request, in order that this heritage building can be used for war refugees and international protection applicants,' they added. As part of their argument, they highlighted that, in short, the temporary use of the former convent to house both Ukrainian and international protection applicants does not need the usual planning permissions under current laws. They pointed to the European Union (Planning and Development) (Disgraced Persons from Ukraine Temporary Protection) Regulations 2022 which specifically exempt temporary accommodation for displaced persons from usual planning rules. Regarding housing international protection applicants within the building also, they said this also does not require planning consent under the Planning and Development (Exempted Development) (No 4) Regulations 2022, as long as the building is not protected by heritage laws. A document comprised by Chris Ryan, a RIAI Grade 1 Conservation Architect, also ruled that the proposed change of use would turn an underutilised building into an establishment with use, without negative impacts on the structure while restoring the South garden. Included in the application, is a letter from the Department of Children, Equality, Disability, Integration and Youth addressed to Ian Skeffington in which they confirm they are interested in using the site should he acquire appropriate permissions.
Yahoo
16-05-2025
- Business
- Yahoo
Over $1 billion given to CNY in New York State Budget
SYRACUSE, N.Y. (WSYR-TV) — Central New York will see more than $1 billion in funding from the New York State Fiscal Year 2026 Enacted Budget. According to State Senator Chris Ryan, these investments include education funding, workforce development, transportation infrastructure, healthcare, veterans resources, and Micron-related projects to support the region's transformation into a global semiconductor hub. Here's a breakdown of how the money allocated will be used in the 50th Senate District. A total of $32,327,845 will be allocated for local roads and transportation for the 50th Senate District. This includes: ● CHIPS – $19,513,300 (8.12% increase) ● Extreme Winter Recovery (EWR) – $3,042,555 ● PAVE-NY – $4,493,502 ● Pave Our Potholes (POP) – $2,995,668 ● State Touring Routes (STR) – $2,282,818 An additional $116 million will be provided for water infrastructure investments tied to Micron's planned semiconductor facility, supporting system capacity upgrades and clean water access for surrounding communities. $450 million in capital funding will be provided for SUNY Upstate's new emergency room, which serves 17 counties in the state. SUNY Oswego receives $16 million, part of a $114 million increase in SUNY operating aid, and an additional $5.2 million in capital funding for campus-wide maintenance. Over $5 million is included for job training and economic growth: ● $1 million – Manufacturers Intermediary Apprenticeship Program (MIAP) ● $750,000 – Manufacturers Association of Central New York (MACNY) ● $500,000 – MACNY's Real Life Rosies ● $1.5 million – CenterState CEO (through Empire State Development) ● $100,000 – Workforce development with Onondaga Community College to enhance care for people with disabilities The Excelsior Jobs Program was also extended by five years, adding new reporting requirements tied to semiconductor research and workforce development, and requiring employers using workforce retention credits to maintain staffing levels or face a reduced credit. The State Budget provides $778,522,939 in school aid to 16 school districts in Senate District 50, a 5.4% increase over last year's budget. ● North Syracuse – $98,588,383 ● Liverpool – $93,229,526 ● Fulton – $67,191,488 ● Baldwinsville – $66,050,099 ● Central Square – $62,338,954 ● Oswego – $60,933,976 ● West Genesee – $56,790,734 ● East Syracuse Minoa – $47,347,746 ● Mexico – $38,934,037 ● Fayetteville-Manlius – $36,152,664 ● Hannibal – $33,662,589 ● Phoenix – $33,030,645 ● Solvay – $25,309,271 ● Jamesville-DeWitt – $24,716,222 ● Westhill – $24,323,692 ● Lyncourt – $9,922,913 $150,000 was allocated to Best Buddies to expand inclusive school-based programs fostering friendships between students with and without intellectual disabilities; $500,000 for Boys & Girls Club mental health programs; and $1 million for the Nutrition Initiative, increased from $750,000 in last year's budget. The Budget supports veterans through a $192,400 allocation to Onondaga County and $104,000 to Oswego County as part of the Joseph P. Dwyer Veteran Peer to Peer Services Program. ● $250,000 for the Syracuse Crunch, supporting CNY's AHL team ● $50,000 for the CNY Lyme & Tick-Borne Disease Alliance The 50th Senate District covers Onondaga and Oswego Counties Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
