New York

Regulation will keep PayPal’s new crypto services from looking anything like crypto

Earlier today, PayPal confirmed that it would be adding crypto payments to its global platform over coming months. The rollout will begin in the United States, where PayPal also became the first recipient of the New York Department of Financial Services’ (NYDFS) conditional Bitlicense, a program that the regulator announced this past summer.  The devil in the details While the news …

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The next US particle accelerator will be built on Long Island by 2031

Department of Energy / Brookhaven National Laboratory Work has begun to build a new particle accelerator at the Department of Energy’s Brookhaven National Laboratory at Upton, Long Island. The new facility will form the backbone of the Electron-Ion Collider project, an initiative to learn the secrets of electrons. Assorted officials from New York and the …

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INX Becomes the First SEC-Registered IPO to Accept Crypto

15th September 2020, New York, United States: INX will start accepting bitcoin (BTC), ether (ETH), and USDC stablecoin, starting today. INX said over 3,000 retail and accredited investors registered for the INX token offering during its first three days. Now that the minimum requirement INX has set to raise the first $7.5 million of its …

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Federal payments licensing push could boost crypto adoption

Brian Brooks, Coinbase’s former chief legal officer and the current U.S. Comptroller of the Currency, is pushing to consolidate licensing regulations for payment companies at the federal level in the United States. Federal licensing for payments firms that do not accept deposits could open the door to further mainstream adoption of virtual currencies by allowing …

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Stablecoin Issuers Be Warned: New York AG’s Arm Is Long

A New York State appeals court affirmed on July 9 that the state attorney general’s fraud investigation into iFinex et al. — i.e., iFinex, Bitfinex and Tether Holdings — could continue. Whether that probe will result in litigation against the company that issues Tether (USDT), the world’s most widely used stablecoin, is anyone’s guess, but …

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Bitfinex Must Face New York Allegations Over $850M in Lost Funds, Appeals Court Rules

Cryptocurrency exchange Bitfinex will have to face allegations from New York State that it hid millions in lost funds, according to a ruling by the State Supreme Court’s Appellate Division on Thursday.  iFinex, which operates both Bitfinex and Tether, argued the funds had been deposited with a Panama-based company and were later seized by authorities …

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Gemini Chose to Wade Regulation In New York, Weighs in on Conditional BitLicense

Last week, the New York State Department of Financial Services, or NYDFS, proposed changes around its state-wide BitLicense legal guidelines. Gemini, a crypto exchange calling New York home, sees the NYDFS’ move as a positive. Gemini’s chief compliance officer, Noah Perlman, told Cointelegraph: “The proposed conditional licensing framework is another step the DFS is taking …

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NY partygoers get subpoenas after stonewalling COVID-19 contact tracers

Enlarge / This picture taken on April 5, 2019, shows nurses waiting for patients at the Rockland County Health Department in Haverstraw, Rockland County, New York, amid a measles outbreak. Getty | JOHANNES EISELE Test, isolate, trace, quarantine: these are the bedrock public health measures proven effective at stamping out an infectious disease before it …

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Times Square Billboard Calls for Release of Silk Road Founder

The ‘Free Ross’ movement has hired a billboard in New York’s Times Square as part of its campaign for the release of the Silk Road darknet market founder Ross Ulbricht. According to the Twitter account ‘Clemency for Ross’ the billboard will display the message and image for several months. The account emphasized that the billboard …

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