A new report drafted by the New York attorney general’s office (OAG) alleges that a significant number of cryptocurrency exchanges may be vulnerable to market manipulation, a finding that could…
Continue ReadingJesse Powell, CEO of cryptocurrency exchange Kraken, has lobbed another bomb at the state of New York in regard to the latter’s stance toward the crypto industry and Kraken in…
Continue ReadingWhen trading on a cryptocurrency exchange, investors have little-to-no information about the person trading against them, that is, the person on the other side of their buy and sell orders.…
Continue ReadingIn a recent statement, New York Attorney General claimed that crypto exchanges are unsafe for business, as they are at risk of market manipulation. The report came as an attempt…
Continue ReadingNew York State Attorney General Barbara Underwood has referred three major cryptocurrency exchanges to the state’s Department of Financial Services (NYDFS) for potential violation of New York’s virtual currency regulations. The…
Continue ReadingCrypto industry unicorn Coinbase has aggressive growth plans for its newly opened New York office, which caters to institutional clients. This article is originally written and posted on https://www.coindesk.com/coinbase-crypto-jobs-hiring/. Visit https://www.coindesk.com/…
Continue ReadingThe Gemini cryptocurrency exchange, founded by the Winklevoss twins, announced on Monday that the company has launched a stablecoin built on the ERC-20 standard. Named “Gemini Dollar” (GUSD) the coin’s…
Continue ReadingDecentralized cryptocurrency trading platform AirSwap has announced a new partnership designed to aid in the tokenization of one of the Western Hemisphere’s most expensive real estate markets. That partnership, inked…
Continue ReadingWinklevoss Brothers Launch Fiat-Backed Stablecoin After New York Regulator’s Green Light Tyler and Cameron Winklevoss, creators of cryptocurrency trading platform Gemini, have received permission from New York regulators to launch their own stablecoin, according to…
Continue ReadingCrypto exchange Gemini is set to issue a dollar-backed, NYDFS-approved stablecoin – the second to launch in New York today. This article is originally written and posted on https://www.coindesk.com/gemini-launches-nydfs-regulated-crypto-pegged-to-the-dollar/. Visit https://www.coindesk.com/…
Continue ReadingBlockchain startup Paxos is launching a regulated, dollar-backed stablecoin to facilitate instant transaction settlements for crypto investors. This article is originally written and posted on https://www.coindesk.com/paxos-unveils-dollar-backed-stablecoin-approved-by-new-york-regulator/. Visit https://www.coindesk.com/ today for all…
Continue ReadingHydroelectric Dam in New York Repurposed as Crypto Mining Farm A hydroelectric dam in eastern New York State is being converted into a dedicated crypto mining farm, taking advantage of…
Continue ReadingNew York District Judge Rules That CFTC Can Permanently Ban Crypto Firm The U.S. Commodities Futures Trading Commission (CFTC) has won a court order to permanently bar the operator of the New…
Continue ReadingNew York State to See Bitcoin Mining Operation Powered by Hydroelectric Dam in Q4 2018 A California-based Bitcoin mining company has completed work on a repurposed hydroelectric dam to service its new mining…
Continue ReadingThe New York State Department of Financial Services (DFS) has stated its opposition to the U.S. Department of Treasury’s endorsement of regulatory “sandboxes” for fintech companies that essentially allow fintechs…
Continue ReadingThe chief of New York’s financial regulatory body said Tuesday that the agency is “fiercely opposed” to regulatory “sandboxes” for fintech fims This article is originally written and posted on…
Continue ReadingNew TV show ‘Coincast’ to open Blockchain to global audience A new weekly business TV show is set to showcase Blockchain companies, crypto assets and ICOs to a global…
Continue ReadingDespite 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…
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