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The New York Yankees will leverage Bitcoin fintech NYDIG’s platform to allow its employees to convert part of their salary into bitcoin.
While current operations will not be ceased, New York continues to show an adversarial stance to bitcoin mining as a whole.
This is an opinion editorial by Rick Mulvey, author of The Fraud Within and contributor to Bitcoin Magazine.
New York State’s Department of Environmental Conservation dealt another blow to the upstate Greenidge Generating Facility, which produces electricity for the power grid and also mines bitcoin.
Greenidge stated that the decision, announced on Thursday, to deny them a new “Title V” Air Emissions permit will “not have any impact on our current operations.”
It’s time for The New York Times’ worst lies about El Salvador. Also, for the newspaper’s counterpoint, in which they admittedly and commendably reflect favorable points of view. As we said in the previous article, “It’s important to remember that we’re less than a year into this experiment.” Why is The New York Times judging President Bukele’s bitcoin bet so harshly? Because they can, that’s why.
The New York Times joined the rest of mainstream media in kicking bitcoin when it’s down. Even though the world’s economy is clearly in the red across the board, bitcoin deniers are having the time of their lives declaring bitcoin dead. That puts Nayib Bukele and El Salvador’s bitcoin bet in mainstream media’s sights.
The title gives away The New York Times’ intentions and general view of the situation, “A Poor Country Made Bitcoin a National Currency. The Bet Isn’t Paying Off.” Yikes! First of all, that’s a classist title. Second, we beg to differ. From the get-go, The New York Times’ claims are generally false, hyperbolic, and short-sighted. The article stinks of the high time preference of the fiat world, and Bitcoinist is here to criticize the critics.
New York introduces a bill that will decriminalize sex workers. This state-wide bill is back by a coalition of more than 30 organizations across LGBTQ R’ US, racial justice and immigrant rights. This is truly amazing sex workers have always been in the shadows almost like the boogeymen of our society. We know they exist but we choose to ignore them and most of us, just accept prostitution as this vile and low act. I’ve always found it strange that prostitution was illegal.
The post What a bit! New York Introduces a State Bill to Decriminalize Sex Work appeared first on CCN Markets
Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG).
In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming their tokens.
In February, XRP (XRP) finally gained a coveted listing on Coinbase, a long-awaited milestone for the third-largest digital currency. However, at the time, investors in New York were barred from investing in the cryptocurrency, leading some to speculate that Coinbase viewed XRP as a security. These worries have seemingly been put to bed, as Coinbase announced Monday that […]
SludgeFeed
The crypto community has been laser focused on the current dilemma between Bitfinex exchange and New York prosecutors over the alleged loss of $ 850 million of co-mingled customer and corporate funds. After the craziness last week, the New York Attorney General’s (NYAG) office has now demanded that Bitfinex must show transparency by turning over documents tied to the firm Tether.
Also read: Crypto Community Monitors Bitfinex Wallets and the Strange 6% BTC Premium
Beaxy, an upcoming all-in-one crypto exchange platform, revealed yesterday that it is planning to launch at Consensus 2019 during New York Blockchain Week, with a launch party on May 13. BEAXY LAUNCH ANNOUNCEMENT: We're excited to announce that we're aligning our launch date with #blockchainweek at #Consensus NY! It made sense to launch our exchange […]
SludgeFeed
In what the Manhattan District Attorney calls the first crypto money laundering conviction in New York, two defendants have pleaded guilty to running a drug trafficking business that laundered millions of dollars in Western Union and crypto payments.
According to an official announcement shared by the District Attorney’s office on April 24, 2019, Mark Sanchez and Callaway Crain have pleaded guilty to charges of money laundering through the sale of controlled substances on their website and on the dark web.
Seattle-based cryptocurrency exchange Bittrex dropped its trading fee to 0% on Thursday for New York residents to help them move their funds from their platform following the rejection of the exchange’s BitLicense application by New York Department of Financial Services (NYDFS). In a recent post, Bittrex explained that the NYDFS denial requires the exchange to suspend operations […]
SludgeFeed
Another digital asset platform has received approval to do business in New York.
Bitstamp, one of the largest crypto exchange platforms in Europe, has been granted a virtual currency license from the New York State Department of Financial Services (NYSDFS). The exchange became the 19th firm approved to offer crypto-based services in the world's financial center.
The regulator announced in a press release published on April 9, 2019, that it had granted Bitstamp full authorization to run its digital currency operations in New York. Bitstamp applied for BitLicense through its U.S. subsidiary.
New York State’s financial regulator has ordered Bittrex to cease operating in the state after rejecting its application for a Bitlicense. Multiple deficiencies were cited, some of which Bittrex immediately disputed. Meanwhile, Bitstamp has been green-lighted to offer the trading of five cryptocurrencies in the state.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
The New York State Department of Financial Services (NYDFS) approved one crypto exchange for a Bitlicense and then rejected another the following day. The regulator announced Wednesday that it has denied “the applications of Bittrex Inc. to engage in virtual currency business and money transmission activity in New York.”
Luxembourg-based crypto exchange Bitstamp announced Tuesday that it has become the latest company to gain a coveted BitLicense from the New York State Department of Financial Services. LICENSED: Excited to announce that we’ve obtained a BitLicense! Paving the way to continue ramping up our presence in the States. Read more: https://t.co/O4OTTifl5X pic.twitter.com/HWos4KqCs1 — Bitstamp (@Bitstamp) April […]
SludgeFeed
The New York Excelsior (NYXL), an American professional Overwatch esports team based in New York City and one of 12 founding members of the Overwatch League (OWL), has signed on T-Mobile (TMUS) as an official sponsor. The squad just got stronger. We’re excited to announce @TMobile as our new sponsor. pic.twitter.com/KwNPiEsIUA — NYXL (@NYXL) February 5, […]
SludgeFeed
The world’s second-largest manufacturer of cryptocurrency mining hardware, Canaan Creative, is now considering going public in the United States rather than in Hong Kong, Bloomberg reports. According to sources who spoke to the business publication, the ASIC manufacturer is looking into the possibility of holding its initial public offering (IPO) in New York in the
The post Crypto Mining Giant Canaan Eyes New York IPO After Hong Kong Snub appeared first on CCN
China-based Canaan, the second largest manufacturer of bitcoin mining devices, is considering an IPO in the U.S., according to Bloomberg.
CoinDesk
Academic institutions from all corners of the world are offering classes on cryptocurrencies and supporting research initiatives in this burgeoning sector. From New York to Tokyo, universities are spearheading a plethora of crypto-themed courses.
Also Read: The Daily: US Defense Department Probes Blockchain, Singapore Approves 1X
IBM and Columbia University have announced two new accelerator programs for blockchain developers. The programs will support 10 different startups, will last about eight weeks, and give each company access to technology and services valued at approximately $ 400,000. The academic institution and the technologies giant will not seek equity or a payment in return.
The New York State Department of Financial Services (DFS) has just issued its 14th BitLicense to NYDIG Execution, a subsidiary of the New York Digital Investment Group LLC (NYDIG). DFS Grants Virtual Currency and Money Transmitter License to NYDIG Execution, LLC https://t.co/arn1NECzlD — NYDFS (@NYDFS) November 14, 2018 According to the press release, the DFS has […]
SludgeFeed
Today, November 14, 2018, the New York State Department of Financial Services (DFS) announced that it has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license. The approval of this so-called “BitLicense” or “Virtual Currency License” application is the 14th of its kind and is required under New York State law in order for a company to engage in “any Virtual Currency Business Activity.”
Under the BitLicense, NYDIG Execution LLC is allowed to offer secure custody and trade execution services, as well as to operate as a custodian for virtual currencies, including bitcoin, bitcoin cash, ether, ripple and litecoin.
