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NYDIG Gets Crypto License from New York Regulators

November 16, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Exchange, Finance, News, Platform

The New York State Department of Financial Services (DFS) has issued a new BitLicense to the New York Digital Investment Group (NYDIG), allowing it to offer crypto-related services in the state, according to an official DFS announcement published on November 14, 2018. Digital Investment Group Acquires New York BitLicense The...

Investors can now Purchase Tokenized Shares of $36 Million Condomonium in New York

November 15, 2018 by Nigel Dollentas at Altcoins, Blockchain, Business, Finance, News, Tech

A new building in one of the most desirable real estate markets in the world, New York City, made headlines on November 12th, 2018, for its availability as a tokenized asset for accredited investors in the U.S. New Opportunities Made Possible Through Innovative Companies This opportunity is made possible thanks to...

Coinsource, Inc. Granted Virtual Currency License by New York Regulators

November 3, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, News, Regulation

Coinsource, Inc., a leading bitcoin teller machine (BTM) operator, has become the first of such firms in the world to be granted the infamous New York BitLicense, according to a press release by the New York State Department of Financial Services (DFS) on November 1, 2018. Coinsource Gets DFS Greenlight...

New York-based Law Firm Develops Crypto Litigation Tracker

New York Authorities Submit Proposal to Form Digital Currency Task Force

June 5, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

The Bitcoin flag is firmly setting deep roots around the world, with authorities making swift moves to regulate the burgeoning digital assets sector. In a development on May 30, 2018, the New York State Assembly proposed launching a digital currency task force to evaluate the cryptocurrency and blockchain sector. Integrate...

Lawmaker Introduce Four Blockchain Bills To New York State Assembly

Forget Silicon Valley: New York City Is Becoming the Face of Blockchain Development

May 8, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, Ethereum, Finance, News, Tech

Inside buildings whose exterior walls are adorned with the ubiquitous graffiti murals urban America, a new kind of culture is emerging in Brooklyn, New York. From repurposed warehouses to other abandoned industrial buildings, crypto and blockchain entrepreneurs are setting up shop to establish their startups. As blockchain technology is beginning...

Issuing BitLicense Boosted Business, Says Head Of New York Finance Services

April 16, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News, Regulation

In a bid to maintain its position as one of the initial regulators of digital currency, the New York State Department of Financial services is taking specific steps. With the introduction of the blockchain-focused BitLicense in August 2015, Mario Vullo, the superintendent of NYDFS, displayed her agency’s contribution towards the...

New York to Increase Electricity Tariffs for Crypto Miners

March 19, 2018 by Priyeshu Garg at Business, Finance, Mining, News, Regulation

Cryptocurrency mining is about to become significantly more expensive in the state of New York. A directive issued by the state’s Public Service Commission that has approved the increase in the electricity tariffs that crypto mining facilities in the state are charged. The move was necessitated by the need to...

Coinbase Obtains BitLicense, Only Exchange in New York to Comply

January 19, 2017 by Joseph Young at Bitcoin, Business, News, Regulation

On January 18, the New York Department of Financial Services (NYDFS) officially granted Coinbase with the BitLicense, a frequently criticized regulatory framework designed for Bitcoin due to its impractical requirements and policies. Only two companies have obtained the BitLicense to this date since its introduction in August 2015. Although nine...

Seven In Ten New York-based Blockchain Startups Are Looking Beyond Bitcoin

October 12, 2016 by JP Buntinx at Bitcoin, Business, News, Tech

The development of blockchain-based solutions in the financial sector, or any other industry, has little to do with Bitcoin. That is not entirely surprising, as the global mass adoption of cryptocurrency has not taken place yet. A new report by Kuperman LLC goes to show as much as 70 percent...

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