Bookmarking Crypto Insights
Auto Added by WPeMatico
Galaxy Digital secured a Bitlicense and Money Transmission License from the New York State Department of Financial Services (NYDFS) on May 18, allowing the company to offer regulated digital asset services to institutions across New York State. Galaxy Scores New York’s Bitlicense Galaxyone Prime NY, the Galaxy entity designated to serve New York clients, received … Read more
Uphold rejected New York’s CredEarn settlement claims, saying the regulator misrepresented its role in Cred LLC’s collapse. The company agreed to more than $5 million in customer repayment while denying knowledge of alleged fraud or any intent to mislead customers. Key Takeaways: Uphold disputed New York’s claims and denied knowingly promoting Cred’s alleged misconduct. Customers … Read more
Uphold will pay more than $5 million to compensate customers affected by CredEarn, a third-party crypto investment product. The New York settlement requires stronger product reviews, broker registration, and transfer of any Cred bankruptcy recoveries to harmed investors. Key Takeaways: Uphold will pay more than $5 million to customers tied to CredEarn losses. Regulators said … Read more
Carmine G. Agnello Jr., the grandson of late Gambino crime family boss John J. Gotti, was sentenced this week to 15 months in federal prison for defrauding the U.S. Small Business Administration (SBA) out of approximately $1.1 million in COVID-19 pandemic relief loans. Key Takeaways: Carmine Agnello, grandson of Gambino boss John Gotti, received a … Read more
New York Attorney General Letitia James filed lawsuits Tuesday against Coinbase Financial Markets and Gemini Titan, alleging their prediction market platforms operate as illegal gambling businesses under state law, according to Reuters. Key Takeaways: Reuters reported that New York AG Letitia James sued Coinbase and Gemini on April 21 for operating unlicensed prediction markets. Both … Read more
Alcoa Corp. is in advanced talks to sell its idled Massena East aluminum smelter site in upstate New York to NYDIG, the bitcoin mining and digital asset infrastructure firm, according to Bloomberg. Key Takeaways: According to a recent report, Alcoa is in advanced talks to sell its Massena East smelter site to NYDIG, with a … Read more
Ledger establishes a new strategic hub in New York City through a multi-million dollar investment to support its growing institutional business. Ledger, the Paris-headquartered hardware wallet manufacturer, announced the opening of its new office in New York City on March 23, 2026, marking a significant expansion within its largest global market. The facility serves as … Read more
New Yorkers face escalating “pig butchering” investment scams draining life savings through fake crypto platforms, prompting Attorney General Letitia James to issue a stark warning and prevention guide as fraudsters deploy increasingly sophisticated digital tactics. ‘Pig Butchering’ Scams Cost Victims Thousands to Millions, NY AG Says Consumer protection efforts continue to target evolving financial fraud … Read more
New York Attorney General Letitia James and four district attorneys warned that the GENIUS Act gives stablecoin issuers legal cover to profit from fraud while failing to require the return of stolen funds to victims. According to the letter, first reported on by CNN’s Allison Morrow, addressed to Senate Democratic leaders, James and prosecutors including … Read more
Moonpay secures a New York Limited Purpose Trust Company charter, enhancing its ability to provide institutional digital asset custody and trading services. Moonpay has received authorization from the New York State Department of Financial Services (NYDFS) to operate as a Limited Purpose Trust Company, joining a select group of digital asset companies with comprehensive regulatory … Read more