Despite worries about cryptocurrency mining — from the impact that it can have on the environment to the potential impact it can have on the rates for other local electricity…
Continue ReadingA municipal utility provider in New York got the green light from state regulators to create a new set of electricity rates for cryptocurrency miners. This article is originally written…
Continue ReadingTwo Nevada men have settled with the SEC over alleged illicit trading of a claimed blockchain company’s stock. This article is originally written and posted on https://www.coindesk.com/sec-settles-trader-lawsuit-tied-to-blockchain-firm-stock-sales/. Visit https://www.coindesk.com/ today for…
Continue ReadingBitlicense Should be Smashed, Candidate for New York Governor Urges Since the infamous Bitlicense was put into effect, the ecosystem has fought for its removal. It turns out to be…
Continue ReadingCryptocurrency wallet and vault Xapo is the latest recipient of New York’s ‘BitLicense’, arguably the strictest state law governing the crypto sector, from the state’s financial regulator. In an announcement…
Continue ReadingFormer BTC-only Exchange ItBit Gets NY Regulatory Approval to Add Four New Crypto Assets Formerly Bitcoin (BTC)-only exchange itBit has received approval from the New York State Department of Financial Services (NYDFS) to add…
Continue ReadingOn June 4, Rostin Behnam commissioner of the U.S. Commodity Futures Trading Commission (CFTC) took an interesting stance on cryptocurrency and related technologies during a talk at the BFI United…
Continue ReadingUpstate New York may soon be home to the world’s largest bitcoin mining center if the ambitious plans being undertaken by cryptocurrency mining firm Coinmint fall into place. Coinmint, through its…
Continue ReadingEx-hedge fund manager Michael Novogratz has reneged on his promise to build the ‘Goldman Sachs of crypto’, instead referencing the notorious bank Drexel Burnham Lambert. This investment bank was behind…
Continue ReadingLawmaker Wants New York State to Pilot Local Cryptocurrencies New York Assemblyman Ron Kim wants cryptocurrencies to help support local communities. Bill A11018, if passed, would amend the New York urban…
Continue ReadingA bill introduced by New York Assemblyman Ron Kim would launch pilot programs testing cryptocurrencies as a community monetary system. This article is originally written and posted on https://www.coindesk.com/lawmaker-wants-new-york-state-to-pilot-local-cryptocurrencies/. Visit https://www.coindesk.com/…
Continue ReadingThe state of New York is making progress toward establishing formal cryptocurrency rules that could ultimately bolster more widespread use of virtual currencies. In yet another signal that bitcoin is…
Continue ReadingBitcoin Trading Helped Square More Than Double in Value Last Year Shares of payment firm Square Inc. more than doubled in value last year, and the company has seen an almost…
Continue ReadingShares of payment firm Square Inc. more than doubled in value last year, and the company has seen an almost 50% increase in its stock since it began offering Bitcoin trading…
Continue ReadingCryptocurrency brokerage firm Genesis Global Trading has become the latest firm to receive a BitLicense from the state’s financial regulatory. The New York-based Genesis on Thursday announced that the state’s…
Continue Reading‘BitLicense Refugees’: ShapeShift, Kraken Talk Escape from New York If you wanted to hear red-meat rhetoric about New York State’s regulatory approach, a fireside chat Tuesday between two of the…
Continue ReadingJesse Powell, CEO of crypto exchange Kraken, donated $1 million to Coin Center at the blockchain industry advocacy group’s annual dinner Monday night. This article is originally written and posted…
Continue ReadingNew York City Wants To ‘Lead The Way In Blockchain’, Unveils Industry Initiatives The President and CEO of the New York City Economic Development Corporation (NYCEDC) announced blockchain-related initiatives for the city…
Continue ReadingNew York’s Economic Development Corporation is launching several initiatives to put the Big Apple on the map as a blockchain technology hub. This article is originally written and posted on…
Continue ReadingFollowing Eric Schneiderman’s abrupt resignation, the New York Attorney General’s Office’s “work continues,” according to a spokesperson. This article is originally written and posted on https://www.coindesk.com/crypto-exchange-probe-continues-despite-new-york-ags-resignation/. Visit https://www.coindesk.com/ today for all…
Continue Reading——–NOTE TO THE EDITOR> The crypto kitty should be only the size of the thumbnail but it keeps upscaling in the preview to the full page size. Please make sure…
Continue ReadingCoinbase has formally responded to New York Attorney General Eric Schneiderman’s cryptocurrency exchange inquiry, and the San Francisco-based startup elected to share a portion of that response with the public.…
Continue ReadingCoinbase’s chief legal and risk officer “applauds” the Attorney General’s inquiry into cryptocurrency exchanges’ practices. This article is originally written and posted on https://www.coindesk.com/coinbase-discloses-corporate-data-response-ny-crypto-inquiry/. Visit https://www.coindesk.com/ today for all Crypto News…
Continue ReadingKraken CEO Jesse Powell had strong words for New York regulators who sought to compel the San Francisco-based exchange to participate in its new Virtual Market Integrity Initiative, which demands…
Continue ReadingThe New York Attorney General office launched a fact-finding inquiry to discover how the cryptocurrency exchanges work and what they’re doing to fight bots, money laundering, and market manipulation. Erik Voorhees,…
Continue ReadingAn exchange that left New York in 2015 has been contacted by the state’s Attorney General. They’re not happy about it. This article is originally written and posted on https://www.coindesk.com/kraken-ceo-crypto-exchange-wont-comply-with-new-york-inquiry/. …
Continue ReadingSome of the cryptocurrency exchanges named today in the New York Attorney General’s “inquiry” into the ecosystem say they welcome the move. This article is originally written and posted on…
Continue ReadingBitcoin price dove below $7,900 on Tuesday after the New York Attorney General’s office announced that it had opened an inquiry into the cryptocurrency exchange industry. The flagship cryptocurrency had…
Continue ReadingNew York State’s Office of the Attorney General (OAG) is requesting information from 13 cryptocurrency exchanges in attempts to improve transparency and accountability and help protect digital currency investors. The…
Continue ReadingCryptocurrency exchanges need to make transparency a greater priority, the New York Attorney General’s office said on Tuesday. Writing in a letter addressed to 13 cryptocurrency exchanges, New York Attorney…
Continue ReadingNew York’s attorney general is taking a closer look at some of the most well-known cryptocurrency exchanges. This article is originally written and posted on https://www.coindesk.com/binance-bitfinex-new-york-launches-inquiry-13-crypto-exchanges/. Visit https://www.coindesk.com/ today for all Crypto…
Continue ReadingUS: Class Action Filed Against Nano Developers, Demands ‘Recovery Fork’ Of Lost Funds A new class action lawsuit has been filed in the United States District Court Eastern District of…
Continue ReadingThe New York State Public Service Commission (PSC) has ruled that upstate power companies can charge bitcoin miners higher electricity rates who may be trying to take advantage of the state’s…
Continue ReadingThere’s a new New York lawmaker on the scene and he wants to end a years-long policy that has held back crypto startups in the state. This article is originally…
Continue ReadingNew York Is The First In U.S. To Ban Crypto-Mining After Operations Deplete 10 Percent Of Town’s Electricity In a town where electricity comes cheap, and electricity flows quickly,…
Continue ReadingAdvertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Mining cryptocurrencies like bitcoin in the state of New York will become more expensive as power…
Continue ReadingCryptocurrency mining firms in upstate New York may be looking higher utility bills following a ruling from the public utilities regulator. In an announcement from the New York State Public Service…
Continue ReadingNew York state is famously tough on cryptocurrency trading but has recently struck some big deals with Bitcoin mining companies. Now the authority that controls electricity say prices for such…
Continue ReadingP2P payments technology company Circle announced that they rolled out the latest addition to its “family” — the cryptocurrency investment app Circle Invest — to most of the US on Tuesday, March 13. In…
Continue ReadingThe cash payment app Square that has been allowing users to buy and sell bitcoin since the start of 2018 is looking to jump a high hurdle and bring that…
Continue ReadingAdvertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Plattsburgh, NY city officials want to reserve their cheap electricity for non-crypto economic development. Plattsburgh, NY…
Continue ReadingCoinbase has hired a former New York Stock Exchange executive, the startup announced Thursday. New York Stock Exchange veteran Eric Scro will serve as Coinbase’s vice president of finance. Scro…
Continue ReadingNew York Lawmakers Are Open to Revisiting the BitLicense “Anyone in the crowd that does not think the BitLicense needs to be reformed?” Not a word from the audience. Then, a few…
Continue Reading“Anyone in the crowd that does not think the BitLicense needs to be reformed?” Not a word from the audience. Then, a few seconds later, laughter at the awkward silence.…
Continue ReadingToday, the U.S. Securities and Exchange Commission (SEC) brought charges against Jon E. Montroll and his exchange BitFunder for operating an unregistered securities exchange and defrauding users. On top of…
Continue ReadingBitcoin Couture Makes Its Debut at New York Fashion Week While New York Stock Exchange traders were grappling with a market in freefall, elsewhere in the city this week all…
Continue ReadingThe New York State Department of Financial Services (NYDFS) is pushing for companies that offer cryptocurrency services in the state to beef up their protective measures against fraud and market…
Continue ReadingA member of the New York State Assembly submitted a bill to the Committee on Governmental Operations on February 2 that calls for the formation of a task force to…
Continue ReadingAdvertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A New York legislator has submitted a bill calling for the state to establish a task…
Continue ReadingA New York lawmaker who previously filed several bills related to blockchain has submitted new legislation that calls for studying the creation of a state-backed cryptocurrency. The measure, dated Feb.…
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