State Kentucky Financial News

27.09 / 01:42

Provident regulation Action security California files order against Nexo interest account, says it’s 8th state to take action

The California Department of Financial Protection & Innovation (DFPI) has filed a desist and refrain order against crypto lending platform Nexo as part of its ongoing investigation of companies offering interest-bearing crypto assets accounts. The agency claims it is joining regulators from seven other American states in taking action against the company. The other states involved are Kentucky, New York, Maryland, Oklahoma, South Carolina, Washington and Vermont, according to CNBC.

15.09 / 22:47

Digital Platform Southern Luna Celsius: Judge permits independent examiner’s probe in bankruptcy case

A federal judge from the United States Bankruptcy Court for the Southern District of New York hasallowed the U.S. Trustee’s office to appoint an independent examiner to investigate the affairs at the New Jersey-based bankrupt cryptocurrency lending company Celsius Network.

04.08 / 23:35

regulation Taxes policies lawmaker Backed Crypto firms failed to deliver 'promised benefits' from lawmaker-backed incentives, says nonprofit

The Tech Transparency Project, or TTP, a research initiative of the United States-based nonprofit watchdog group Campaign for Accountability, has released a report claiming crypto firms “provided little in return” for state governments offering financial incentives.

14.07 / 03:05

business regulation Bankruptcy BREAKING: Celsius reportedly filing for bankruptcy 'imminently'

Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, having notified individual U.S. state regulators on Wednesday, July 13.

13.07 / 13:29

BLOCK Digital Platform WSJ Bitcoin Financial Celsius is "Deeply Insolvent", Says Vermont's Financial Regulator

Celsius Network is «deeply insolvent», Vermont's Department of Financial Regulation (DFR) said on Tuesday, adding that the cryptocurrency lender is also not honouring its obligations to customers and creditors as it does not have the assets and liquidity to do so.

13.07 / 12:51

regulation security Interest rates Vermont becomes the sixth US state to launch investigation against Celsius

Vermont's Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users that the crypto lending firm is not licensed to offer its services in the state.

13.07 / 11:17

cryptocurrency crypto news Crypto Lender Celsius Is "Deeply Insolvent": US State Regulator

US state regulator says it believes crypto lender Celsius is "deeply insolvent"

25.06 / 00:25

business lending Bankruptcy network advisers Celsius Network hires advisers ahead of potential bankruptcy: Report

Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy.

21.06 / 11:13

SEC Bitcoin Law Decoded, June 13–20: Celsius exodus and liquidity crisis

Last week, the Celsius Network wrote its name in the alarming recent history of the crypto market failures alongside Terra. The American platform has unstaked $247 million worth of Wrapped Bitcoin (wBTC) from the Aave protocol and sent it to crypto exchange FTX while putting the withdrawal option for users on a stop.

17.06 / 12:47

regulation Aave Investment Celsius Reportedly Unlikely to Get Bailout Money from Investors

As the downturn triggered by Celsius Network (CEL) continues to impact crypto businesses worldwide, investors behind the business are unlikely to ensure more financing to bail out the troubled crypto lender, "people with knowledge of the situation" told Financial News.

17.06 / 09:05

cryptocurrency Reuters SEC freeze Investigations Investigations Begin On Crypto Lender Celsius' Accounts Freeze: Report

US State securities regulators investigating Celsius accounts freeze: Report

13.06 / 11:57

regulation Legal Tax Coin Center Attempting to Sue US Treasury, IRS Over ‘Unconstitutional’ Infrastructure Act

The Washington-based crypto industry pressure group Coin Center says it has filed a lawsuit against the United States Treasury Department and the Internal Revenue Service – claiming that the crypto tax reporting requirements included in President Joe Biden’s Infrastructure Investment and Jobs Act last year are “unconstitutional.”

12.05 / 00:33

Law casino 5 state regulators allege organization is tied to Russia, scamming users using metaverse casino

Authorities in the U.S. states of Alabama, Kentucky, New Jersey, Texas and Wisconsin have filed enforcement actions against the Flamingo Casino Club for allegedly perpetrating a scam through nonfungible tokens (NFTs) tied to a metaverse casino.

28.04 / 22:09

Government Law regulation FinCEN acting director says PATRIOT Act provision isn't 'right sized' for crypto enforcement

Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight money laundering and terrorism financing may be ill suited for crypto.

11.04 / 14:11

regulation Paxos United States Crypto Lobbyists Making Inroads at State Level – Report

Crypto lobbyists are making breakthroughs with adoption-focused legislation at the state level in various parts of the USA – with federal regulation still lagging behind.

30.03 / 07:13

regulation SEC lending Voyager ordered by New Jersey to 'cease and desist’

The New Jersey Bureau of Securities has issued a cease and desist order against Voyager Digital for selling unregistered securities through its Voyager Earn program.

15.03 / 15:29

crypto news Coal to crypto: The gold rush bringing bitcoin miners to Kentucky

Kentucky — In a ravine deep in the Appalachian mountains, Warren Rogers stands on the ruins of an abandoned coal-washing plant that used to prepare hundreds of tons of the fuel a day for transport through the tiny town of Belfry, Kentucky. His construction crews have been putting in 10 to 12-hour shifts through the winter, retrofitting the old site to power a new kind of extractive operation: mining the digital currency bitcoin. «We're trying to digitize coal,» said Rogers, the chief strategy officer of Blockware Solutions, a bitcoin mining giant that is expanding rapidly in eastern Kentucky.

19.02 / 01:39

Government Bitcoin lawmakers Crypto miners Georgia lawmakers consider giving crypto miners tax exemptions in new bill

Five members of the Georgia House of Representatives have introduced a bill that would exempt local crypto miners from paying sales and use tax.

10.02 / 16:29

Mining Energy Bitcoin NOT NYC Mayor Supports 'Crypto But Not Crypto Mining,' While Billionaire Bashes BitLicense

The US Mayor who became known in the Cryptoverse as a Bitcoin (BTC) supporter and industry ally is now opposing crypto mining, citing high energy consumption. Meanwhile, a billionaire urges the state to get rid of BitLicense "right away."

22.12 / 13:52

Metro businesses In Louisville, Hub of E-Commerce, Businesses Duel for Workers

LOUISVILLE, Ky.—The pandemic-fueled online shopping boom has created a severe labor crunch in the Louisville, Ky., metro area, as delivery companies and other businesses compete for workers in one of the nation’s top freight transit hubs.

12.12 / 13:09

tornado Rescue Rescue crews comb through wreckage after tornadoes rip through central US

Rescuers combed through debris left after tornadoes ripped through the central United States.

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