#New York News

Bitfinex New York Supreme Court Pointing Fingers

New York Supreme Court Dismisses Bitfinex Petition

August 20, 2019 by Ashwath Balakrishnan at Business

Earlier this month, Bitfinex filed a petition with the New York Supreme Court claiming that the New York State Attorney General (NYAG) was wrongly investigating Bitfinex as New York lacks the jurisdiction to do so. This argument was based on the fact that Bitfinex claims they have never catered to...

New York Extends Bitfinex Lockout Period

July 30, 2019 by Ashwath Balakrishnan at Regulation

Justice Joel Cohen of the New York Supreme Court extended the preliminary injunction against iFinex and Bitfinex for an extra 90 days. This means the company cannot access Tether's financial reserves for their own use. The lawsuit emerged after the New York State Attorney General accused iFinex, the parent company...

Statue of Liverty with a Bitcoin Torch illuminating New York

New York DFS Announces Research and Innovation Division, Virtual Currencies in Focus

July 24, 2019 by Nigel Dollentas at Finance

In a press release from the Department of Financial Services (DFS), published July 23, 2019, superintendent Linda A. Lacewell announced a new Research and Innovation division as well as appointments for the new division to position DFS as a “regulator of the future”. Who's in? When it who comes to...

Bitfinex Bites at NYAG, Claims Alleged ‘New York Customers’ are Foreign Entities

July 23, 2019 by Ashwath Balakrishnan at Business

Bitfinex and the New York State Attorney General have embroiled in an aggressive game of ping pong, continuously hitting back at each other's remarks. In the latest episode, the NYAG claimed Bitfinex serviced New York State customers as early as January 2019. Bitfinex as now hit back saying they were...

SeedCX BitLicense card Statue of Liberty God Bless America

SeedCX Subsidiaries Secure New York BitLicense

July 16, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Seed CX, a regulated bitcoin trading platform for professionals, has achieved a significant feat in its development, as two of its subsidiaries, Seed Digital Commodities market LLC (SCXM) and Zero Hash LLC, have obtained virtual currency licenses from the New York State Department of Financial Services (DFS). Securing the BitLicense...

New York City College Struck by Ransomware, $1.9 Million in Bitcoin Demanded

July 15, 2019 by Ashwath Balakrishnan at Bitcoin

Munroe College in Manhattan has been hit by a ransomware attack that has shut down the college's computer systems. The hackers are demanding 170 bitcoin (BTC), which is roughly $1.9 million. The malware infection came to light on the morning of July 10, but the specifications of the infection are...

Robin Hood Admiring New York's Statue of Liberty

Robinhood Crypto Trading App Launches in New York

May 24, 2019 by Aisshwarya Tiwari at Business, News

Cryptocurrency trading firm Robinhood on May 23, 2019, announced that it had launched its zero-fee crypto trading app in New York. Robinhood Enters New York After bagging the coveted BitLicense from the New York State Department of Financial Services (NYFDS) in January 2019, Robinhood has now announced that its users...

Bitfinex Rumored to Launch Initial Exchange Offering Multiple Sources Say

April 30, 2019 by Eddie Mitchell at Business, Exchange, Finance, News

Cryptocurrency exchange Bitfinex is rumored to be launching an initial exchange offering (IEO) according to a Weibo post from Bitfinex shareholder and founder of blockchain investment firm DGroup, Dong Zhao, April 29, 2019. The news arrives at a time where Bitfinex is tangled in controversy worth $850 million with the...

Bitcoin Rally Takes a Breather After Market Gets “Bitfinexed” Once Again: BTCManager’s Week in Review Apr 29

April 29, 2019 by Alex Lielacher at News, News Digest

The price of bitcoin closed effectively unchanged versus last week’s close - after hitting a recent high of $5,640 - as a result of the New York Attorney General Office’s claims that Bitfinex has been covering up an $850 million loss using funds from its sister company Tether. The Big...

A Stark Warning Emerges About Bitfinex and ‘Wash Trading’

Bitfinex Saga Continues: 700,000 ETH and 17,000 BTC Moved from Cold Wallets

April 27, 2019 by Ashwath Balakrishnan at Altcoins, Bitcoin, Exchange, News

After the New York State Department of Financial Services (NYSDFS) accused Bitfinex of covering up to $850 million worth of losses with issued Tether, over 700,000 ether and 17,000 bitcoin have been moved out of recognized Bitfinex cold wallets. Cryptocurrency Moved from Cold Wallet New York State Attorney General, Letitia...

Bakkt Wants New York Crypto License to Appease Regulatory Bodies, Sources Say

April 19, 2019 by Aisshwarya Tiwari at Business, Finance, News, Regulation

Intercontinental Exchange Inc. (ICE,) the company behind the highly-anticipated bitcoin trading platform Bakkt has turned to U.S. state watchdogs to get the stalled project the necessary regulatory approvals. This according to a Bloomberg report published April 17, 2019. Bakkt: The Potential Game-Changer Since its announcement in August 2018, Bakkt has...

New York: NYFDS Rejects Bittrex’s BitLicense Application

April 11, 2019 by Aisshwarya Tiwari at Business, Commentary, Exchange, News, Regulation

On April 10, 2019, the New York Department of Financial Services (NYDFS) rejected Bittrex cryptocurrency exchange’s application seeking the coveted BitLicense. The BitLicense would have allowed the exchange to operate in one of the world’s most significant financial hotspots. Application Rejected The NYFDS on April 10, 2019, denied a BitLicense...

Man Behind “My Big Coin” Scam Charged by DOJ

March 1, 2019 by Tokoni Uti at Altcoins, Bitcoin, Crime, News

A New York Man has been charged with four counts of wire fraud and three counts of unlawful monetary transactions after peddling a false coin to investors, the Department of Justice revealed on February 27, 2019. A World of Crime Crime exists in many forms, even more so when it...

New York SIM Swapper Indicted After Stealing $10,000 in Cryptocurrency

February 4, 2019 by Tokoni Uti at Bitcoin, Crime, News

New York law enforcement is cracking down on SIM swapping as a Manhattan District Attorney hands out an indictment to a 20-year old, this according to an official press release, Feb 1, 2019. Swapping Struggles Many who use cryptocurrency are familiar with the term ‘SIM Swapping’ and know to be...

Bitcoin Weakens Despite No Crypto-Negative Headlines: BTCManager’s Week in Review Februayr 4, 2019

February 4, 2019 by Alex Lielacher at News

Despite a lack of bitcoin-negative news, the bears have won over the bulls this week, which has resulted in a week-on-week decline in the price of bitcoin by over three percent. The re-application of CBOE and VanEck for a cryptocurrency ETF failed to boost the price of bitcoin, despite the...

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