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.
Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state.
BitGo receives trust license from New York regulators
New York Attorney General Letitia James has issued an investor alert against the "wild price swings and extreme risk" of crypto trading.
NY attorney general warns investors and crypto firms of 'extreme risks'
Letitia James said her office was "sending a clear message to the entire industry."
'Play by the rules or we will shut you down,' says NY AG to crypto industry
The USDT stablecoin issuer says it received a $23 million ransom demand payable by Monday. The deadline has since passed, and Tether isn't paying.
Tether hit with 500 Bitcoin ransom demand — But says it won't pay
Though the Tether settlement may help bring in more transparency, experts believe that state-centric bans may not be the way out.
Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions
While Wyoming was luring crypto businesses, such as Ripple Labs, New York’s AG was bringing enforcement action against Bitfinex.
While Washington dithers, Wyoming and other US states mine for crypto gold
The New York Attorney General has filed a lawsuit against crypto investment platform Coinseed for allegedly defrauding investors and selling a token that remain...
New York AG accuses Coinseed of defrauding investors