Newsletter
New York, New York runs the show this week as the site of a host of developments and setbacks for crypto.
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New York News
New York City is the largest city in the USA and is also important globally as a financial, political, economic, touristic and cultural center. Along with Tokyo and London, New York is considered to be one of the main centers of the global economy. In terms of Bitcoin, the New York Stock Exchange has recently included a stock market index for Bitcoin (NYXBT) which is the first official index for a cryptocurrency. Cryptocurrencies have a special place in New York, as it is legal to use, easy to get and a lot of Wall Street experts have acknowledged the significance of cryptocurrencies in the economy. Besides this, New York is a place for numerous crypto-related meetings and conferences. Also, there is a New York Coin (NYC) made especially for citizens of New York.
- News
The New York Department of Financial Services is requesting comments on its amendment to the BitLicense that would help smaller companies be regulated.
2153 - News
Latest news shows an intended bid for Securities and Exchange Commission, or SEC, chairman Jay Clayton as New York's Southern District attorney.
5437 - Analysis
Crypto custody firms are mostly treated like traditional assets, ignoring the uniqueness of digital assets and its various complexities.
7737 - News
A billboard demanding for the release of Silk Road founder Ross Ulbricht will reside in Times Square for several months.
9561 - News
Riot Blockchain is relocating a portion of its operations to a facility operated by Coinmint in New York despite it comprising the epicenter of the U.S. COVID-19 pandemic.
2104 - News
A Bitcoin miner in upstate New York has sold 106 petahash of its computing power to an undisclosed buyer, using a physically-settled “BTC hashpower contract.”
4121 - News
Major crypto and blockchain-focused event, Consensus, will not be hosting a conference in New York in 2020.
5312 - News
The NYDFS has sent a letter to all regulated institutions engaged in crypto-related activities, asking them to submit detailed plans for weathering the coronavirus crisis.
2446 - Analysis
USDT remains the largest stablecoin by far and is listed on all the major exchanges and wallets. Sogani: “Any [court] decision will impact the industry directly.”
5394 - News
A New York power plant turns to Bitcoin mining in a bid to increase its profitability, adding $50,000 to daily revenues.
10860 - News
The lawsuit against Tether is proceeding, but first a New York judge needs to decide which law firm takes lead on the case.
3349 - News
Chainalysis, a provider of crypto transaction data for IRS and FBI, does not think that privacy coins are bad despite not being able to fully track them.
4312 - News
Tokyo-based cryptocurrency exchange bitFlyer launched its commission-free campaign for BTC/USD trading pair to its U.S. customers.
8370 - News
Tether says it did not deny prosecutors’ request to consolidate three lawsuits the stablecoin and its sister exchange Bitfinex are facing.
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