New York Tightens Customer Service Regulations for Crypto Companies

May 31, 2024 Bitcoin.com

Bitcoin

The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to ensure timely and fair resolution of issues, maintain records for regulatory review, and provide quarterly analyses. New York Regulator Requires Crypto Firms to Adopt New […]

The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

US Presidential Candidate Courting Crypto Community’s Vote Found Guilty on 34 Felony Charges

May 31, 2024 The Daily Hodl

crypto

Crypto supporter and US Presidential candidate Donald Trump has been found guilty on 34 felony counts by a jury in Manhattan. According to widespread reports and a press release from Manhattan District Attorney (DA) Alvin Bragg, the former president was found guilty yesterday on all counts of “falsifying New York business records in order to […]

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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

Top US Crypto Exchange Coinbase Reestablishes Support for XRP Trading in New York

May 24, 2024 The Daily Hodl

coinbase

Coinbase has reestablished trading support for XRP in the state of New York. The top US crypto exchange by trading volume first suspended XRP trading across the country shortly after the U.S. Securities and Exchange Commission (SEC) kicked off its lawsuit against Ripple in late 2020. The SEC alleged Ripple sold XRP as an unregistered […]

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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

Coinbase reopens XRP trading in New York

May 23, 2024 Coin Telegraph

Coin Telegraph

Paul Grewal, Coinbase’s chief legal officer, announced that New York users of the exchange can once again trade XRP.

On May 23, Coinbase’s chief legal officer, Paul Grewal, announced that customers in the state of New York could once again trade XRP on the crypto exchange after a nine-month hiatus.

In a brief social media post, Grewal provided an update: “XRP trading on Coinbase is available again in NY. We heard you and put in the work in strong partnership with the State. And now the word can be put out— we are back up.”

Following the United States Securities and Exchange Commission’s (SEC) lawsuit against Ripple in 2020, XRP remained an embattled asset, facing scrutiny from government regulators and centralized exchanges alike.

The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

Coinbase Reenables XRP Trading in New York

May 23, 2024 Bitcoin.com

bitcoin.com

“Coinbase Reenables XRP Trading in New York” – In a significant development for the cryptocurrency community in the Empire State, Coinbase has reenabled XRP trading in New York. The announcement was made by Paul Grewal, Coinbase’s Chief Legal Officer, via a social media post. Grewal stated, “XRP trading on Coinbase is available again in NY. […]

The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

US DOJ Indicts Manhattan Man on Fraud Charges Related to $43,000,000 Fake Crypto Ponzi Scheme

May 3, 2024 The Daily Hodl

crypto

The U.S. Department of Justice (DOJ) has just announced the indictment of a New York man who allegedly ran a multi-year Ponzi scheme that swindled millions from investors in the US and abroad. In a statement, the Justice Department says that Idin Dalpour has been charged with one count of wire fraud in connection with […]

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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

States’ backlash against Binance.US continues with 6th license pulled

May 1, 2024 Coin Telegraph

Binance

Oregon joins five other states that have delicensed Binance.US after former Binance CEO Changpeng Zhao pleaded guilty to felony charges.

Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license to operate there, following a spate of refusals earlier this year.

The Oregon Division of Financial Regulation announced on April 30 that it had revoked Binance.US’s license, as a result of which it is prohibited from accepting money for transmission or holding or selling fiat or crypto for Oregon consumers. The division explained in a statement:

Oregon was following the example of five states that moved against the exchange after Zhao pleaded guilty to violating Anti-Money Laundering laws. Florida was the first state to act, suspending Binance.US’ license in November, shortly after Zhao’s guilty plea. Alaska followed suit at the beginning of January when it declined to renew its license.

The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

Former NY Fed chief joins Binance.US board

April 16, 2024 Coin Telegraph

Binance

Former Binance CEO Changpeng Zhao stepped down as chair of Binance.US’ board of directors in November 2023.

United States-based cryptocurrency exchange Binance.US announced that a former chief compliance and ethics officer from the Federal Reserve Bank of New York has joined its board of directors.

In an April 16 blog post, Binance.US said former NY Fed chief Martin Grant would be bringing his “regulatory, legal, and compliance” experience to the crypto exchange as one of its newest board members. Grant was the chief compliance and ethics officer at the NY Fed from 2005 to 2022, having joined the bank in 1990.

According to Binance.US Interim CEO Norman Reed, adding Grant would help the exchange “continue to navigate the current regulatory environment “ in the U.S. The former NY Fed chief is also the Global Head of Regulatory Affairs and Integrity at financial services firm JST Digital, adding that the crypto industry in the U.S. was “at an inflection point.”

The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

Search Engine Giant Google Suing Alleged Crypto Scammers Over Fake Android Apps: Report

April 4, 2024 The Daily Hodl

crime

Tech giant Google is reportedly launching a lawsuit against crypto scammers who allegedly employed fake Android apps to reel in their victims. According to a new report from Reuters, Google is suing Chinese nationals Yunfeng Sun and Hongnam Cheung in New York, accusing them of stealing tens and thousands of dollars worth of digital assets […]

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The United States Government Should Acquire 20% of the Bitcoin (BTC) Network, Says Michael Saylor – Here’s Why

Dogecoin and Shiba Inu Rival Surges Nearly 70% in 24 Hours Amid Impending Launch of Ad Blitz on Times Square

March 8, 2024 The Daily Hodl

Ads

A dog-themed crypto asset rivaling Dogecoin (DOGE) and Shiba Inu (SHIB) is skyrocketing ahead of the launch of an ad blitz on New York’s Times Square. New data reveals that memecoin Floki (FLOKI) has surged 70% during the last 24 hours in anticipation of the ad blitz. Floki is trading for $0.000230 at time of […]

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