The letter comes after a judge had noted that the scope of the OAG court order was too broad. Lawyers for parent firm iFinex Inc., Bitfinex, USD stablecoin issuer Tether and affiliated entities have submitted a letter to Justice Joel M. Cohen on May 13 asking for more leniency in the use of cash restrictions […]
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NY State Assemblyman Clyde Vanel said that the blockchain industry needs to be better at lobbying for itself and educating regulators. New York State Assemblyman Clyde Vanel said that the blockchain industry needs to be better at lobbying for itself and educating regulators. Vanel delivered his comments at a panel of ConsenSys’ Ethereal Summit on […]
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Economist and notorious cryptocurrency critic Nouriel Roubini said that “cryptos is the mother and father of all bubbles.” Economist and notorious cryptocurrency critic Nouriel Roubini said that “cryptos is the mother and father of all bubbles” at the Salt conference in New York. CNBC reported on Roubini’s declarations on May 9. During the conference, Roubini […]
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CoinMarketCap’s website explains that prices can be manually excluded from its bitcoin average if it “does not seem indicative of a free market price.” Market data resource CoinMarketCap (CMC) has excluded Bitfinex’s price for bitcoin (BTC) from its global average, its website showed on May 6. The embattled exchange’s BTC price was $5,986.60 at press time — almost […]
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A closer look at what appears to be one of 2019’s greatest crypto scandals yet. In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with […]
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The U.S. subsidiary of major European crypto exchange Bitstamp has been granted a virtual currency BitLicense. The United States subsidiary of major European crypto exchange Bitstamp has been granted a virtual currency license from New York state’s financial regulator, according to an official press release from the New York Department of Financial Services (NYDFS) on […]
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Under the guidance of Governor Andrew Cuomo, BitLicense was enacted in New York State, driving out digital currency exchanges and other blockchain companies that were the beginning of a growing industry. With the exception of a handful of companies that had the means and connections to acquire BitLicenses, many cryptocurrency firms are unable to conduct […]
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Bitcoin ATM operator Coinsource has been granted a virtual currency license from the New York State Department of Financial Services (NYDFS). Bitcoin ATM operator Coinsource has been granted a virtual currency license, or ‘Bitlicense,’ from the New York State Department of Financial Services (NYDFS), according to a press release published Nov. 1. The regulator has […]
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