Tether hit with 500 Bitcoin ransom demand — but says it won’t pay
The USDT stablecoin issuer says it received a $23 million ransom demand payable by March. 1. The deadline has since passed, and Tether isn’t paying. Go to Source Powered by WPeMatico
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While Washington dithers, Wyoming and other US states mine for crypto gold
While Wyoming was luring crypto businesses, such as Ripple Labs, New York’s AG was bringing enforcement action against Bitfinex. Go to Source Powered by WPeMatico
Andrew Yang says he’ll transform NYC into a Bitcoin hub if elected mayor
Andrew Yang has plans for New York City that cryptocurrency users anywhere would find appealing. Go to Source Powered by WPeMatico
NYDFS hosts crypto industry competition to get real-time data on Bitlicensees
Emerging analytics technology is the name of the game for the next stage in crypto regulation. Go to Source Powered by WPeMatico
New York Approves Its First Publicly Available Japanese Yen Stablecoin
The New York State Department of Financial Services, the Bitlicense regulator, has authorized GMO to issue U.S. dollar and Japanese yen-pegged stablecoins. The latter “will be the first of its kind available to the public.” To date, the regulator has given out 27 charters and licenses for companies engaged in crypto activities. First Regulated Yen … Read more
New York authorizes first Yen stablecoin operator in the US
Japanese firm GMO will now be able to offer Yen and dollar-pegged stablecoins to the public in New York. Go to Source Powered by WPeMatico
Organizations File Lawsuit Against New York Town to Prevent Bitcoin Mining Facility Expansion
Organizations led by an environmental organization filed a lawsuit against the U.S. town Torrey in New York for giving the green light to expand a bitcoin mining facility at the Greenidge Generation power plant. Environmental Organization Leads Lawsuit Against New York Town for Approving Plan to Expand BTC Mining Facility Per court documents, the Sierra … Read more
Sierra Club leads lawsuit against NY town to prevent expanding Bitcoin mining operations
The lawsuit alleges Greenidge circumvented state laws by seeking regulatory approval “through two separate but interdependent approval applications.” Go to Source Powered by WPeMatico
Regulation will keep PayPal’s new crypto services from looking anything like crypto
For now, PayPal’s crypto payments are more about satisfying regulators than providing users with crypto capabilities. Go to Source Powered by WPeMatico
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 … Read more