A crypto market maker is reportedly opening up a new office in New York due to the pro-crypto nature of President Donald Trump. According to a new report from Bloomberg, crypto liquidity provider Wintermute – which already has offices in London and Singapore – is looking to venture into the US for the first time. […]
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A federal judge is reportedly ruling that top US-based crypto exchange Coinbase must face a class action lawsuit in New York. According to a new report from Reuters, Paul Engelmayer, a judge for the Southern District of New York, is rejecting Coinbase’s argument that it did not qualify as a “statutory seller” to dismiss a […]
The post Judge Refuses To Dismiss Coinbase Class Action Lawsuit, Says Exchange Must Face Complaint in New York: Report appeared first on The Daily Hodl.
The New York regulator’s Transatlantic Regulatory Exchange program would allow the NYDFS to exchange senior staff experienced in digital assets with those at the Bank of England.
New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris announced an exchange program that will allow the regulator to learn more about how foreign agencies handle issues with emerging payments and digital assets.
In a Jan. 13 notice, Harris said the Transatlantic Regulatory Exchange (TRE) would begin with an exchange of senior staff experienced with digital assets between the NYDFS and Bank of England. According to the NYDFS superintendent, the program was “critical for regulatory harmonization.”
Exchange program announcement. Source: NYDFS
With the addition of Anchorage’s New York arm, the New York financial regulator has approved 34 companies since the BitLicense scheme launched in 2015.
Cryptocurrency-friendly bank Anchorage Digital announced that its subsidiary had been granted a BitLicense by New York’s Department of Financial Services (NYDFS).
In a Dec. 16 notice, Anchorage Digital said its New York arm had received a BitLicense, allowing the firm to offer services starting in 2025. According to Anchorage’s CEO Nathan McCauley, the license would allow the company to launch “regulated and efficient crypto trading to clients based in New York.”
At the time of publication, the NYDFS website did not include Anchorage in its list of regulated entities in the US state. Since the BitLicense scheme was first implemented in New York in 2015, the financial regulator has approved 33 companies for offering crypto services — not including Anchorage.
Coinshares International has opened an office in New York City, marking a key step in its strategy to expand in the United States. The company aims to bolster its presence in the U.S. financial market through this move and recent acquisitions. Coinshares’ New Office Signals Major U.S. Push According to the announcement, the New York […]
Before his indictment on criminal charges, NYC Mayor Eric Adams promised to turn the city into a major crypto hub.
Three years before cryptocurrency became a talking point in the United States presidential election for the first time, a different crypto-focused race was brewing in New York City to determine who would replace outgoing Mayor Bill DeBlasio.
Democrat Eric Adams was squaring off against Republican Curtis Sliwa, and both were campaigning on the promise of being pro-crypto mayors. Adams had recently defeated Andrew Yang, another crypto proponent, in the Democratic Party primary.
On the campaign trail, Adams promised to make NYC the “center of Bitcoins.” He was elected mayor in November 2021, after which he continued to pledge the city would become “the center of the cryptocurrency industry” and argued cryptocurrency should be taught in schools.
Venmo’s 60 million users can now fund transactions on the Moonpay platform, thanks to a new integration announced by Paypal. U.S. users can use Venmo balances, linked bank accounts, or cards to buy and sell cryptocurrencies through Moonpay, expanding payment flexibility. However, this option is unavailable in New York and Texas, continuing Paypal’s push into […]
A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions in cryptocurrency and disappearing just before his trial. An active investigation […]
David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none of which actually took place. Lavish expos were held to entice more […]
William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds for personal luxuries like cars and jewelry. In addition to financial penalties, Ichioka faces prison time. The Commodity Futures Trading […]