Opinion
Eleven class actions against crypto firms and their founders started with a bang and will end with a whimper — as they should.
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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.
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The owner of the crypto exchange Bitmart has asked a New York judge to intervene to prevent hackers from selling fraudulent coins on the open market.
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Residents are concerned over the environmental impact of Greenidge’s gas-fired Bitcoin mining plant, asserting that the firm is heating the lake and may be killing marine life.
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According to the crypto mining firm, the South Carolina facility has been capable of drawing 80 megawatts of power, two thirds of which is produced from zero carbon energy sources.
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Reports suggest that Steve Cohen’s Point72 hedge fund is searching for a “head of crypto” as the firm weighs up its options before entering the crypto market.
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John Williams responded to a presentation from Mark Carney, the former head of the Bank of Canada and Bank of England, about the potential for issuing central bank digital currencies.
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Eric Adams, who has outstripped the better-known crypto advocate Andrew Yang in New York City's mayoral race, has made his own Bitcoin pledge as he retains his first-place lead.
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Damon Dash has slammed the complaint against him from Roc-A-Fella Records, stating that he never minted an NFT and was only attempting to sell his stake in the company.
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After announcing the shutdown of its San Francisco headquarters last month, Coinbase is reportedly quietly setting up its second office in New York.
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The NY state assembly needs to approve any bill or propose amendments before it can be signed into law by Governor Andrew Cuomo.
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New York senators have amended a proposal to ban all crypto mining for three years, and are now seeking to only stop mining firms backed by carbon-based fuel sources.
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Coinseed also created an ERC-20 token whose message is targeted at New York Attorney General Letitia James.
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A guy who loves Domino's is launching a pizza brand based on a Papa John's event that doesn't accept the crypto he espouses.
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The former Department of Justice trial attorney has been with the New York State Department of Financial Services for eight years.
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A bill seeking to “pause” crypto mining for three years in New York was referred to the state's Environmental Conservation committee on May 3.
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