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Nalezeno "New York": 1496

New York Regulator Launches Investigation into Stablecoin Issuer Paxos – Binance BUSD in Trouble?

10.2.2023
Stablecoin giant Paxos confirmed to be under investigation by New York financial authorities. The New York Department of Financial Services (NYDFS) has acknowledged an ongoing probe. Known for running Binance USD (BUSD), Paxos is an industry leader in stablecoin technology. Offerings also include...

Stablecoin issuer Paxos probed by New York regulators

10.2.2023
While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year

Federal Reserve Officials Say More Interest Rate Hikes Are Needed to Curb Inflation

10.2.2023
Several Federal Reserve governors and presidents say that more interest rate hikes are needed to curb inflation. “We are not done yet with raising interest rates,” Fed Governor Lisa Cook said. “We need to raise rates aggressively to put a ceiling on inflation,” Minneapolis...

Stablecoin Issuer Paxos Is Being Investigated by New York Regulator

9.2.2023
The New York Department of Financial Services is investigating crypto company Paxos, though the scope of the investigation is not yet clear

Elementus Raises $10 Million to Bring Clear Blockchain Analytics to Institutional Customers

8.2.2023
Elementus, a New York-based blockchain firm, has raised $10 million as part of its Series A-2 funding round, led by Web3 VC company Parafi Capital. The raise, which values the company at $160 million, aims to allow Elementus to keep improving its processes for providing effective and sound...

BTC Institutional Investor Forecast for 2023, Musk Makes McDonald’s Promise Again, Kiyosaki Says ‘We Are in Global Recession’ and More — Week in Review

5.2.2023
As the first month of the new year is behind us, things continue to heat up on the world stage in regard to crypto price predictions, social media hype surrounding meme coins like dogecoin, warnings of macroeconomic peril, and more and more political powers attempting to control permissionless...

London emerges as world’s most crypto-ready city for business — Research

5.2.2023
An examination of eight key data points determined London to sport the highest crypto readiness to entice businesses and start-ups

New York Bitcoin Miner TeraWulf Restructures Debt

2.2.2023
A slew of mining firms have restructured their debt loads while others are facing bankruptcy

New York financial regulator investigates Gemini over FDIC claims: Report

30.1.2023
Many Gemini Earn users reportedly claimed assets in their accounts had been protected by the Federal Deposit Insurance Corporation

New York Regulator Investigating Crypto Exchange Gemini Over FDIC Claims: Report

30.1.2023
Gemini reportedly claimed repeatedly that its the assets of customers using its Earn product were safe thanks to being backed by the FDIC

New York State Takes a Step Toward Cryptocurrency Adoption with New Bill

29.1.2023
The state of New York has announced a new bill that would allow agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state. Introduced on January 26 by Democratic Assembly Member Clyde Vanel, the New York State Assembly...

New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies

28.1.2023
A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as “a means of payment of fines, civil penalties, rent, rates, taxes...

New York Assembly introduces crypto payments bill for fines, taxes

27.1.2023
The bill clarifies that state agencies can legally agree to accept cryptocurrency payments and that these agreements should be enforced by the courts

Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals

25.1.2023
The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called an “asset share token (AST).” Celsius...

NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry

23.1.2023
On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer...

NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

23.1.2023
“A VCE's customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship," said the NYDFS

New York’s Chief Financial Regulator Mandates Firms to Separate Customers' Crypto Assets from Their Own

23.1.2023
New York’s chief financial regulator plans to release new guidance that will mandate companies to separate their own crypto assets from that of customers'. The New York State Department of Financial Services (NYDFS) will also require state-regulated firms to disclose how they account for clients'...