new york

Fidelity Launching Crypto Services in Europe, Citing ‘Significant Interest’

Fidelity Investments is expanding its crypto services to European clients after seeing increasing potential in this market. The expansion builds upon the company’s U.S. crypto business. “We’ve seen significant interest and engagement by the institutional community, which show no signs of slowing,” the company revealed. Also read: Regulatory Roundup – Crypto ‘Inevitable’ in India, China...
Read More

Crypto Firms Take Note: New York Regulator Wants to Change Up BitLicense Rules

In New York, the BitLicense business licensing rules have proven to be the bane of more than a few cryptocurrency firms over time. That reality has led to there being little support for the BitLicense in some circles of the space. That’s why many eyes widened in the crypto arena on December 11th when the...
Read More

$4 Billion US Fintech Startup Sofi Receives New York Bitlicense

Sofi is a startup valued at over $4 billion which is focusing on providing millennials with student loan refinancing, personal loans, mortgages, and other wealth management and financial services. In September it has added crypto trading to its investing platform as a response to demand from its over 800,000 members, a service it can now...
Read More

SoFi Gets Bitlicense Approval for Crypto Trading Service

US-based personal finance company Social Finance (SoFi) obtained the approval from the New York State Department of Financial Services (NYDFS) for its BitLicense application. New Yorkers Can Trade Cryptos via SoFi Digital Assets The NYDFS has permitted Social Finance to provide crypto trading services to its New York customers via its subsidiary SoFi Digital Assets....
Read More

Evercoin Launches Bitcoin and Cryptocurrency Hardware Wallet

New York, NY, 12 November 2019 – At New York Consensus Invest Summit, Evercoin Inc. today announced Evercoin 2, the “safest hardware wallet”. Evercoin 2 provides a wallet and exchange for bitcoin and other cryptocurrencies featuring a hardware wallet the size of a house key powered by YubiKey 5ci, the first implementation of its kind....
Read More

Telegram Offers to Postpone Launch of the TON Network

Telegram, which was surprised with a last minute restraining order on the sale of its tokens in the U.S., is now ready to delay the launch of the TON network until the spring of next year. The company has informed the New York court reviewing the case that it can suspend all operations with grams...
Read More

Class Action Accuses Tether and Bitfinex of Market Manipulation

A New York-based legal firm filed a class-action suit against Tether and Bitfinex, accusing the firms of crypto market manipulation. A New York-based legal firm has filed a lawsuit against Tether and Bitfinex, accusing them of cryptocurrency market manipulation. “Largest bubble in history” Roche Freedman filed a class-action suit claiming that stablecoin firm Tether and...
Read More

New York Law Firm Charges Tether and BitFinex With Market Manipulation

Barely two days after disputing involvement in market manipulation, stablecoin Tether and Bitfinex exchange are in fresh trouble. A New York-based law firm Roche Freedman LLP has charged iFinex and associated individuals and companies with collectively using cryptocurrency to “defraud investors, manipulate markets, and conceal illicit proceeds.” The law firm alleges that BitFinex and Tether...
Read More

Stellar (XLM) Jumps 10% Thanks to Coinbase Pro’s New York Landfall

Among the top 10 crypto by market capitalization, Stellar (XLM) is leading the pack of gainers having appreciated by nearly 10% in the last 24 hours. This coincides with an announcement by Coinbase Pro listing the cryptocurrency in New York. Stellar (XLM) recovers from yearly low After falling against the U.S. dollar to a yearly...
Read More

Coinbase Pro Excludes UK And New York Traders After Adding Dash

A new PwC report is in the latest cryptocurrency news, showing that the interest in crypto fundraising is greater and greater as we speak. The majority of fundraising and M&A deals in the cryptocurrency industry are now happening in Asia and Europe – a statistic which shows that these markets are more dominant that the...
Read More

Developer Reveals Token Reward Platform Fueled by Bitcoin Cash

There’s a new crypto platform called Honeypoints that just released for beta testing on Apple’s Testflight. The digital currency application created by two former Bitcoin.com employees aims to fuel merchant adoption with loyalty rewards. The Honeypoints app is meant to stimulate retail acceptance by rewarding customers with unique crypto tokens when they make a purchase...
Read More

Facebook’s Crypto Scheme Triggers Massive Regulatory Backlash

Facebook’s crypto scheme appears to have spurred regulators to take the social media giant’s privacy scandals more seriously. | Source: REUTERS / Aaron P. Bernstein Following reports earlier today that dozens of state attorney generals were set to officially commence antitrust investigations into Big Tech behemoths Facebook and Google, New York Attorney General Letitia James...
Read More

Bitfinex announces three new stablecoin pairs pegged to USDT

On August 27, 2019, the controversy-riddled digital exchange, Bitfinex, announced that it had added support for three new stablecoin trading pairs. The same was announced by the exchange’s Twitter handle which read, Three new stablecoin pairs are now available on Bitfinex! Trading on USD Coin to Tether (USDc/USDt), Paxos Standard to Tether (PAX/USDt) and TrueUSD...
Read More

Bitcoin Exchange Must Give US Documents As Lawsuit Grinds On

Bitcoin exchange Bitfinex must provide documents to US authorities after a New York judge ruled against its request to dismiss a lawsuit against it. Judge U-Turns On Bitcoin Exchange Protection According to a filing dated August 19, the Supreme Court of the State of New York moved against Bitfinex and its sister company, stablecoin issuer...
Read More

New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex

The New York State Supreme Court has ruled that Bitfinex is in the jurisdiction of the state’s Attorney General, allowing for a continuation of its investigation. The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex. According to a court filing...
Read More

Abra Wallet Announces Restrictions for U.S. Customers

Abra, a top-of-the-line cryptocurrency wallet, will be taking steps to restrict Americans from accessing the entirety of its services. Abra published an update to its platform, which revealed that it will only be offering a limited service package to American users. According to the update, U.S users will no longer be able to keep Bitcoin Gold,...
Read More

Bitfinex: NY Attorney General Misled the Court in Recent Filings

iFinex and The Office of New York’s Attorney General are locked in what could be tagged as a high-profile legal dispute, and no party seems to be backing down. On Monday, lawyers representing Tether and Bitfinex (both housed under iFinex and directly involved in the case) submitted several filings in a bid to assert their...
Read More

Bitcoin Phone Scammers Defraud Victims of $2 Million in New York

The New York Police Department (NYPD) has issued warnings on an increase in Bitcoin-related fraudulent activity where con artists impersonate key government officials to defraud unsuspecting victims. NYPD spokesperson says con artists using this method have already stolen millions of dollars from hundreds of people. New York is only the latest in an increasing number...
Read More

Bittrex Clears the Air on the Flagged North Korean Users on its Platform

In a statement posted on its Twitter account on April 22, popular cryptocurrency exchange Bittrex has debunked the claims from the New York State Department of Financial Services (NYDFS) that it has North Korean users trading on its platform. The NYDFS through the Executive Deputy Superintendent for Banking Shirin Emami, had published an op-ed where...
Read More

Bittrex Denied “BitLicense” in New York But Disputes the Decision

On April 10th, the New York State Department of Financial Services (NYDFS) denied the BitLicense application of the U.S. cryptocurrency exchange Bittrex, which had initially applied for the state’s crypto license back in 2015. The denial means the platform must shutter its operations in New York within 60 days for now. The NYDFS, New York’s...
Read More

Ex-Kraken Employee Drags California Based Exchange to Court Over Compensation

Crypto exchange platform Kraken is being sued by one of its former employees for $900,000, according to a report from news outlet Bloomberg. The claims are based on payment owed for work done while working with the exchange. The suit is being pursued by Jonathan Silverman, a former trader who reportedly joined the company in...
Read More