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NYDFS approves BitLicense for Anchorage Digital subsidiary

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.

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Coinshares Opens New York Office Amid Ambitious US Expansion Plans

Coinshares Opens New York Office Amid Ambitious US Expansion PlansCoinshares 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 […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Indicted NYC mayor leaves questionable crypto legacy as controversy mounts

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.

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Paypal Expands Crypto Reach: 60 Million Venmo Users Now Linked to Moonpay

Paypal Expands Crypto Reach: 60 Million Venmo Users Now Linked to MoonpayVenmo’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 […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

$150M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt Underway

0M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt UnderwayA 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 […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Crypto Ponzi Leader Receives 121-Month Prison Sentence

Crypto Ponzi Leader Receives 121-Month Prison SentenceDavid 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 […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud

Court Orders New York Man to Pay M for Forex, Digital Asset FraudWilliam 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 […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Donald Trump uses Bitcoin to buy burgers at NYC bar

Pubkey, a Bitcoin bar in New York City, hosted the former US President and 2024 Republican nominee for a campaign stop on Sept. 18.

Republican Party presidential nominee Donald Trump appeared in a New York City bar and restaurant famous for accepting Bitcoin, becoming the first former US president to use the cryptocurrency in a transaction. 

According to a Sept. 18 X post by Pubkey, Trump used Bitcoin (BTC) to purchase hamburgers at the NYC bar. BTC advocate and Professional Capital Management CEO Anthony Pompliano was in attendance at the campaign stop, which was also reported on Trump’s Truth Social account. 

The event came less than two days after the Republican nominee announced the launch of a token through the World Liberty Financial crypto platform, run by members of his family. Despite once calling Bitcoin a “scam” and crypto “based on thin air,” Trump has advocated for BTC miners as part of his 2024 campaign and spoken at the Bitcoin 2024 conference in Nashville.

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Circle CEO Jeremy Allaire Says US at Turning Point and About To Become Decisive Leader in Building Crypto

Circle CEO Jeremy Allaire Says US at Turning Point and About To Become Decisive Leader in Building Crypto

Circle CEO Jeremy Allaire says that the US is on the cusp of becoming a global leader in crypto innovation and development. In a new thread on the social media platform X, the co-founder of the USDC stablecoin issuer says that the US is nearing a “turning point” where the government is no longer hostile toward […]

The post Circle CEO Jeremy Allaire Says US at Turning Point and About To Become Decisive Leader in Building Crypto appeared first on The Daily Hodl.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Stablecoin Crypto Giant Circle Moves Headquarters to New York City

Stablecoin Crypto Giant Circle Moves Headquarters to New York City

The chief executive of stablecoin issuer Circle (USDC) says that the firm is moving its headquarters to New York City. In a new thread on the social media platform X, Circle CEO Jeremy Allaire says that the company is moving to New York from Boston to immerse itself in the world of Wall Street as […]

The post Stablecoin Crypto Giant Circle Moves Headquarters to New York City appeared first on The Daily Hodl.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks