State New York Financial News

23.01 / 19:15

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

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'.

23.01 / 16:05

Goldman Sachs axes 600 bankers from its New York headquarters

Around 20% of Goldman Sachs' 3,200 job cuts hit its New York headquarters as the Wall Street bank rolled out its deepest round of redundancies since the 2008 financial crisis.

16.01 / 23:35

Binance CFTC SEC Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution

The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” program.

14.01 / 20:33

business Mining regulation New York State New York sued by environmental group after approval of crypto mining facility: Report

The New York Public Service Commission (PSC) was sued by environmental activists on Jan. 13 for approving the takeover of a cryptocurrency mining facility in the state.

12.01 / 19:33

Blockchain Citi Provident Platform Polygon Founder-Led Web3 Accelerator Beacon Hosts Inaugural Demo Day

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

10.01 / 23:29

business Government Blockchain Ex-Coinbase manager's brother sentenced to 10 months in insider trading case

The brother of a former Coinbase product manager, Nikhil Wahi, has been sentenced to 10 months in prison for wire fraud conspiracy charges, in what is believed to be the first insider trading case involving cryptocurrency.

09.01 / 23:03

business Binance Bankruptcy Voyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed

Bankrupt crypto brokerage Voyager Digital filed documents in United States court Jan. 8 in response to objections raised to the Binance US proposal to buy out its debt. Voyager announced it had approved the offer Dec. 19. The Securities and Exchange Commission (SEC), four states, the U.S. Trustee and Alameda Research filed objections to it.

04.01 / 18:27

Law regulation coinbase settlement Coinbase reaches $100M settlement with NY regulators

New York regulators announced on Jan. 4 that cryptocurrency exchange Coinbase will pay a $50 million fine and invest a further $50 million in its compliance program, following a settlement with the New York State Department of Financial Services.

04.01 / 18:13

cryptocurrency BLOCK coinbase Coinbase to pay $100 million to settle New York state investigation

United States-based cryptocurrency exchange Coinbase Global Inc has reached a $100 million settlement with New York's Department of Financial Services (DFS), the exchange and the regulator said in statements on Wednesday.

15.12 / 23:39

regulation Banks BItlicense guidance New York State issues guidance for banks seeking to engage in activities with crypto

The New York state Department of Financial Services (DFS) released guidance on Dec. 15 for regulated banks seeking to engage in activities with virtual currency. The guidance, which took effect immediately, describes the application process and “summarizes the types of information the Department considers relevant” for obtaining the agency’s approval.

13.12 / 03:27

Blockchain Extreme CEO NMC Amidst the Bear Market, New Math Startup Nillion Assembles ‘Avengers Team’ and Raises $20m+ From Over 150 Strategic Contributors

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

12.12 / 21:35

regulation Bitcoin Payments NYC Mayor stands by Bitcoin pledge amid bear market, FTX: Report

Eric Adams, who became mayor of New York City in January, has reportedly stood behind a campaign pledge to make the city a crypto hub, despite a drop in the price of many tokens in 2022.

07.12 / 23:59

regulation Environment Ban ECB ECB official proposes ban on tokens with an 'excessive ecological footprint'

Fabio Panetta, an executive board member of the European Central Bank (ECB), proposed banning crypto assets with a significant environmental impact as part of efforts to address risks.

05.12 / 06:53

business FTX New York State Alameda ex-CEO Caroline Ellison spotted in New York, Twitter users claim

A recent photo of what appears to be former Alameda Research CEO Caroline Ellison in a Manhattan coffee shop in New York has been making the rounds on Twitter.

02.12 / 04:51

Law CFTC New York State Crypto Companies New York proposes to charge crypto companies for regulating them

The New York State Department of Financial Services (DFS) has submitted a proposed change in state laws that would allow it to charge licensed crypto companies for regulating them.

02.12 / 01:51

regulation fees BItlicense Costs NYDFS proposes regulation to assess costs of 'supervision and examination' for licensed crypto firms

The New York State Department of Financial Services, or NYDFS, has proposed a regulation which would allow the government department to assess supervisory costs from licensed crypto firms operating in the state.

29.11 / 13:33

New York State First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28

The state of New York became the first one in the United States to impose a moratorium on proof-of-work (PoW) mining, albeit only for two years. Last week, New York governor Kathy Hochul signed the moratorium into a bill, prohibiting any new mining operations that aren’t based on 100% renewable energy. The renewal of licenses would also be frozen. In eight months, the anti-mining bill made its way from the first passing through the state Assembly to the governor’s pen.

24.11 / 16:27

FTX Fried Sam Sam Bankman-Fried Will Speak at Conference Alongside Ukraine President Volodymyr Zelensky and US Treasury Secretary Janet Yellen Despite Ongoing FTX Investigation

FTX founder Sam Bankman-Fried will speak during the New York Times' annual DealBook Summit alongside Ukraine President Volodymyr Zelensky and US Treasury Secretary Janet Yellen despite the ongoing investigation against his failed venture FTX.

23.11 / 12:25

Adoption Congress New York AG pushes prohibition of crypto purchases via retirement funds

The turmoil surrounding crypto exchange FTX and Sam Bankman-Fried (SBF) reaffirmed regulators’ belief about the need for stricter oversight across the crypto ecosystem. Seeking investor protection against a similar fallout, New York Attorney General (NYAG) Letitia James recommended prohibiting crypto investments in defined contribution plans and individual retirement accounts (IRAs).

23.11 / 12:21

regulation New York State Bitcoin New York governor signs PoW mining moratorium into law

New York governor Kathy Hochul signed the proof-of-work (PoW) mining moratorium into law on Nov. 22, making it the first state in America to ban any PoW crypto mining activity for two years.

23.11 / 09:55

business cryptocurrency Environment World New York state partially bans cryptocurrency mining powered by fossil fuels

New York has become the first state in the US to temporarily ban new permits for fossil fuel plants that power cryptocurrency mining, which is an energy-intensive exercise. Crypto mining is the process used in the transaction of cryptocurrencies such as bitcoin and ethereum.

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