The United States’ largest cryptocurrency exchange, Coinbase, is reportedly setting up its first office in New York.Read more
A bill which would have required miners in New York to halt operations for three years as part of an apparent effort to slow the environmental impact of crypto has been defeated in the state legislature.Read more
A proposed crypto mining ban calling for a forced three-year hiatus on all mining operations in New York has been watered down — and will now allow green projects.
The bill passed in the senate on June 8, and has now been referred to the state assembly.
New York Attorney General Letitia James secured a court order halting the operation of crypto trading platform Coinseed.
Technically, the order continues a mandated pause on Coinseed’s operations, while putting in place a court-ordered receiver to safeguard assets.
Coinseed, a crypto platform that enabled micro-investing in cryptocurrency assets for its users, has shut down its operations.
Delgerdalai Davaasambuu, founder and CEO of Coinseed, announced the decision via a statement published on the platform’s website.
Just days before the anniversary of Bitcoin Pizza Day, Bitcoin proponent Anthony ‘Pomp’ Pompliano has launched a pizza company aimed at supporting small business and the Human Rights Foundation’s Bitcoin Development Fund.Read more
Debra Brookes’ new role with the New York State Department of Financial Services may suggest more of a focus on regulation through enforcement.Read more
Crypto miners in New York may be subject to a forced three-year hiatus if the latest environmentally-focused bill passes in the state senate.
The New York Senate Bill 6486 was proposed by Democrat senator Kevin S.
Andrew Yang, the Democratic Party front-runner in the race to be New York’s next mayor said he would transform New York City into “a hub for BTC and other cryptocurrencies” noting the city to be “the world’s financial capital.Read more
New York’s financial regulator is asking for new tools to gather real-time financial data.Read more