New York Subliners Maintain Perfect Record in Call of Duty League Stage 2 Qualifiers
New York Subliners asserted their dominance again in the Call of Duty League Stage 2 Major qualifiers, securing a flawless 3-0 victory over the Boston Breach on Friday. The Subliners’ stellar performance solidified their position at the top of the leaderboard with a pristine 3-0 record. Friday’s match highlights Two remarkable comebacks highlighted the matches […]
Genesis to return assets after NY settlement on crypto Earn
Genesis Global, a bankrupt cryptocurrency lender, has settled with New York Attorney General Letitia James concerning its defunct Earn program. The agreement, announced on Thursday, resolves a lawsuit by James, which accused Genesis and its partners, including Gemini Trust and parent company Digital Currency Group (DCG), of causing significant financial losses to investors through the […]
New York makes first-ever conviction for smart contract hack
New York has recorded its first-ever conviction for the hack of a smart contract. Shakeeb Ahmed, a senior security engineer, admitted guilt in a complex case involving the exploitation of decentralized cryptocurrency exchanges, including the July 2022 hack of Nirvana Finance. This landmark conviction, announced by Damian Williams, U.S. Attorney for the Southern District of […]
How New York is ruining crypto’s big moment
In the crypto world, where bullish sentiments are as common as memes, the current market optimism for 2024 seems to be facing an unexpected adversary. Amidst a period of resurgence for cryptocurrencies, with Bitcoin soaring above $40,000 and altcoins like Ether and Solana experiencing significant gains, New York’s legal actions are casting a long shadow […]
PoolTogether emerges victorious as federal judge dismisses lawsuit
In a recent ruling, U.S. Judge Frederic Block declared that there are better venues than a federal court to address concerns regarding the decentralized finance (DeFi) platform PoolTogether. The judge’s decision stemmed from a lawsuit by Joseph Kent, who alleged that the startup violated gambling laws in New York State and facilitated financial scams. However, […]
New York pioneers stablecoin adoption for bail payments
New York has presented a bill proposing the acceptance of stablecoins as a valid form of payment for bail. Assembly Bill 7024 legislation is set to alter the current criminal procedure law, incorporating the digital asset class alongside existing acceptable forms of bail payment. Stablecoins breakthrough in New York Stablecoins have quickly gained popularity in […]
CoinEx sued by NY Attorney General for operating illegally
New York Attorney General Letitia James filed a civil lawsuit against CoinEx, accusing the cryptocurrency exchange of conducting business illegally because it had not registered with the state. What CoinEx is accused of The complaint was submitted to a court in the state of New York located in Manhattan on Feb. 24. Before beginning to […]
New York State upgrades digital asset monitoring again
New York State Department of Financial Services (NYDFS) is continuing to lead the charge in developing regulatory frameworks for the digital currency industry. What their plans are In the latest development, NYDFS Superintendent, Adrienne A. Harris, has announced that the department has enhanced its ability to detect fraud and other illegal activity among New York […]
U.S. states introduce crypto mining protection laws
States around the United States are adopting legislation that defines, licenses, and regulates digital assets as the cryptocurrency market drama continues to develop, typified by falling asset prices and a series of scandals involving crypto banks, investment companies, and exchanges. The states are Mississippi, Missouri, Montana, and Oklahoma. What the states’ regulations entail The measures […]
New York Senate gets bill to make Bitcoin (BTC) a form of payment
A bill that would make using cryptocurrencies like Bitcoin (BTC) and Ethereum as a method of payment in state government entities has been submitted to the New York Senate. What the New York bill aims to do The bill, which was introduced on January 26th, reveals revisions to the state’s existing financial law in order […]
PoW crypto mining banned by NY governor: Will mining become extinct?
Last week, New York Governor Kathy Hochul signed new regulations to ban certain crypto mining operations. The signed moratorium bans proof-of-work mining facilities that use any carbon-based power source for the new two years. Mining companies that use 100% renewable energy are exempt from this new law. The governor stated that this initiative will curb […]
Townsquare Media adds Bitcoin worth $5 million to its balance sheet
Even though the crypto market has undergone considerable losses over the Q1 of 2022, various companies have preferred to hold digital assets; an example is Townsquare Media. These companies are aware of the future of blockchain tech and how it will impact the modern world. The use of crypto in various fields and its prospects […]
