Following last week’s sharp market correction, crypto hedge fund Adaptive Capital announces its closure. Adaptive Capital, a crypto hedge fund, has announced that it will shutter all operations after taking heavy losses during the March 13 crypto market meltdown which saw Bitcoin (BTC) price drop to a 2020 low at $3,775. The fund has now […]
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The Committee on Small Business will hold a hearing focused on the benefits of blockchain technology next week. Blockchain and cryptocurrencies are affecting the way both large corporations and small businesses operate, and governments are taking notice. Next week, a committee in the U.S. House of Representatives will hold a hearing focusing on blockchain’s impact […]
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New York Governor Andrew Cuomo wants crypto businesses to pay for NYDFS’ oversight to “make progress happen.” Cryptocurrency entities licensed under the New York’s Financial Services Law (FSL) should pay the costs of regulatory oversight, Governor Andrew Cuomo believes. The Democratic Governor purportedly wants the state authorities to amend the FSL in order to require […]
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NY courts rejected bail for ETH researcher Virgil Griffith after he allegedly taught crypto to North Koreans and renounced his U.S. status via text. Ethereum Foundation researcher Virgil Griffith has reportedly been denied bail in New York. Currently detained, Griffith is appealing the action. “Griffith was presented yesterday and ordered detained,” James Margolin, the chief […]
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Limited availability goes full-scale after trading platform receives necessary green light from New York authorities. Institutional Bitcoin (BTC) trading platform Bakkt has announced it has launched its custody feature for its entire client base following regulatory approval. Bakkt: custody is “critical link” in BTC adoption In a blog post on Nov. 11, Bakkt said it […]
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Veritaseum has been ordered to pay an $8 million disgorgement fine for selling unregistered securities by a New York Eastern District Court. The CEO of Delaware-registered blockchain firm Veritaseum LLC and New York-registered Veritaseum Inc., Reggie Middleton, was ordered to pay $8.4 million in disgorgement, according to a new court order. Additionally, Middleton is liable […]
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Crypto Capital executive Oz Yosef, who is allegedly involved in Bitfinex’s $850 million loss, has been indicted on three criminal counts. The United States Attorney for the Southern District of New York has indicted Crypto Capital executive Oz Yosef on three criminal counts. An Oct. 23 court filing obtained by Cointelegraph confirmed that Oz Yosef […]
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New York District Court postpones the hearing regarding the Securities and Exchange Commission’s injunction filing against Telegram Open Network. The United States District Court for the Southern District of New York has postponed the hearing regarding the Securities and Exchange Commission’s (SEC) injunction filing against Telegram Open Network (TON) and its Gram token to Feb. […]
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Litigation firms files lawsuit against Tether and Bitfinex, as legal experts debate whether the companies manipulated the value of USDT. At the start of October, New York-based legal firm Roche Freedman filed a new class-action lawsuit against stablecoin firm Tether and digital currency exchange Bitfinex. The case accuses the aforementioned entities of manipulating the market […]
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Good or bad sign? The New York attorney general’s injunction against Bitfinex has been extended. The saga continues. Despite everything that’s been said about Tether and Bitfinex, defying all the scrutiny and suspicion, they continue to survive as a controversial pillar of the global crypto ecosystem. And in their ongoing legal battle with the New York State […]
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