New York News

Bitfinex’s motion to modify an injunction by the New York Attorney General has been approved by the state’s supreme court.

M.Y. Safra Bank will provide FDIC insurance to traders in a move organizers say will further reduce counterparty risk.

Ken Nessel says existing tech isn’t the main hurdle to mainstream adoption — the need for shared infrastructure and governance is.

The letter comes after a judge had noted that the scope of the OAG court order was too broad.

Subhankar Sinha will be the company’s new Head of Blockchain, a role for overseeing BNY Mellon’s blockchain ventures.

Coinbase releases trading for New York residents in a move which sparked a 22% XRP price move.

New York-based crypto asset manager Grayscale reported a 42% growth in its product inflows in Q1 2019 over the previous quarter.

Economist and notorious cryptocurrency critic Nouriel Roubini said that “crypto is the mother and father of all bubbles.”

European crypto exchange Bitstamp hired a former Coinbase and Barclays executive as head of United States operations.

Judge Joel M. Cohen refused to dismiss the court order entirely, but took aim at the “amorphous and endless” nature of its accusations.

CoinMarketCap’s website explains that prices can be manually excluded from its bitcoin average if it “does not seem indicative of a free market price.”

The New York State Attorney General Letitia James has requested the release of documents concerning an alleged deal made between Bitfinex and Tether.

American digital asset manager Grayscale Investments introduced its pro-bitcoin advertising initiative “Drop Gold.”

The news follows removal of suggestions Tether had full fiat backing, while a fresh legal case rumbles on.

Tether and Bitfinex issued a joint statement denying the claims made by the New York Attorney General’s office in court filings.