The investment services firm said its new global head of insurance solutions would be spearheading the effort. New York Digital Investment Group announced the completion of a growth capital funding round as well as the launch of a business initiative relating to Bitcoin. In an announcement today, the New York Digital Investment Group, or NYDG,…
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A federal judge has accepted token holders’ claim that their interests are not being adequately represented in the SEC’s ongoing lawsuit against Ripple Labs. XRP tokenholders who have sought the right to intervene in the ongoing case against Ripple Labs by the United States Securities and Exchange Commission have been given the green light by…
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Giacomo Arcaro distributed more than $20,000 worth of Ether to some of New York City’s homeless population last weekend. Before the 2017 bull run, growth hacker Giacomo Arcaro often slept in his car. Now an entrepreneur who speaks at crypto conferences and forums, he is looking for ways to promote adoption and help those financially…
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Bakkt will also have a money transmitter license in the state of New York. Bakkt has become the latest crypto firm to get a BitLicense. This morning, the New York Department of Financial Services announced that Bakkt had become the 29th BitLicensee. First granted to Paxos in 2015, the BitLicense is New York’s program for regulating…
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Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state. Major American digital asset custody and security company BitGo has acquired a New York Trust license from the New York State Department of Financial Services. According to an announcement, the new charter enables BitGo…
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Letitia James said her office was “sending a clear message to the entire industry.” New York Attorney General Letitia James is advising members of the crypto industry and investors to stay vigilant against participating in or becoming a victim of illegal activities. According to the New York Attorney General’s office, James issued an alert to…
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While Wyoming was luring crypto businesses, such as Ripple Labs, New York’s AG was bringing enforcement action against Bitfinex. The United States is divided politically these days into red states and blue states, and increasingly, it seems to be fracturing into cryptocurrency-friendly and crypto-wary locales, too. On Feb. 21, it was revealed that San Francisco-based…
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Andrew Yang has plans for New York City that cryptocurrency users anywhere would find appealing. 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.” The…
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Emerging analytics technology is the name of the game for the next stage in crypto regulation. New York’s financial regulator is asking for new tools to gather real-time financial data. On Thursday, the New York Department of Financial Services announced new details of its coming “techsprint” competition: “The objective of the techsprint is to achieve…
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The lawsuit alleges Greenidge circumvented state laws by seeking regulatory approval “through two separate but interdependent approval applications.” Several organizations have filed a lawsuit against the U.S. town of Torrey, New York for approving a plan to expand a Bitcoin (BTC) mining facility near one of the Finger Lakes. In court documents filed on Thursday…
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