Tagged: new york

July 30, 2019 @ 11:32 pm By Cali Haan  |  

Tenacious and liquid crypto exchange Bitfinex and affiliate companies had hoped that a fraud case brought against them by the New York Attorney General (NYAG) would be wrapped up this week. Instead, a formerly sympathetic judge has granted an extension, The Block reports. Bitfinex, iFinex, and… Read More

July 24, 2019 @ 10:26 pm By Cali Haan  |  

One year ago, former NYDFS (New York Department of Financial Services) Superintendent Maria T Vullo, issued a statement in which she said her organization, which regulate New York financial markets, “fiercely opposes the Department of Treasury’s endorsement of regulatory ‘sandboxes’ for financial technology companies.” Vullo’s strong… Read More

July 15, 2019 @ 11:51 am By Samantha Hurst  |  

New York State Department of Financial Services (DFS) announced on Monday it has approved the applications of Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC for virtual currency licenses and has approved Zero Hash for a money transmitter license. SCXM and Zero Hash… Read More

May 14, 2019 @ 10:50 am By Samantha Hurst  |  

Cryptocurrency exchange Coinbase announced on Monday it has launched trading support for XRP for New York state residents. The announcement was made through the platform’s Twitter account. The tweet revealed: XRP (XRP) is now available to Coinbase users who are New York residents. New Yorkers… Read More

May 6, 2019 @ 9:40 am By Cali Haan  |  

The US government has asked a judge in Arizona to detain Reginald Fowler, 60, who was arrested April 30th and charged with bank fraud, operation of an unlicensed money transmitting business and conspiracy for allegedly providing “shadow banking” services to cryptocurrency exchanges. Regarding the case, the… Read More

April 24, 2019 @ 11:24 pm By Cali Haan  |  

Two men who ran a Dark Net website called NextDayGear from which they sold more than 10 000 packages of illicit drugs have been convicted in New York. The men, Callaway Crain, 35, and Mark Sanchez, 35, both plead guilty, and now face between 2.5 and… Read More

April 9, 2019 @ 1:01 pm By Samantha Hurst  |  

Bitstamp, a Luxembourg based crypto exchanged, has received a virtual currency license from the New York Department of Financial Services (DFS). DFS reported that it has authorized Bitstamp USA to offer services providing its customers with the ability to buy and sell bitcoin, along with select… Read More

March 28, 2019 @ 8:25 am By Samantha Hurst  |  

The Federal Reserve Bank of New York announced last week it has launched its own Fintech Advisory Group to provide Bank leaders with a “high-level” platform to establish clear points of contact with senior representatives and thought leaders from the financial technology industry and consumer… Read More

January 3, 2019 @ 10:04 am By JD Alois  |  

Announced in a press release this past week, the State of New York has launched a cryptocurrency task force. The state is claiming this group will be the first of its kind to “study how to properly regulate, define and use cryptocurrency.” The task force is… Read More

November 26, 2018 @ 9:50 am By Samantha Hurst  |  

Ledger, a global leader in securing crypto assets, announced on Monday it has expanded its U.S. presence to New York City and appointed Demetrios Skalkotos to lead global business unit operations for Ledger Vault, which will be headquartered from the new office. Founded in 2014,… Read More

September 19, 2018 @ 3:59 pm By JD Alois  |  

Some time ago, the New York Attorney General launched the Virtual Markets Integrity Initiative (VMII) to “protect and inform”residents who trade in cryptocurrency. New York Attorney GeneralGeneral Barbara D. Underwood commented on the release of the report: “New Yorkers deserve basic transparency and accountability when… Read More

July 16, 2018 @ 3:49 pm By Samantha Hurst  |  

Blockchain payments technology platform BitPay announced on Monday it received its Virtual Currency License from the New York Department of Financial Services. This news comes just a few months after BitPay secured $40 million through its extended Series B funding round. Founded in 2011, BitPay’s platform gives businesses and individuals… Read More

June 18, 2018 @ 2:44 pm By Samantha Hurst  |  

On Monday, payments platform Square announced it has secured a virtual currency license from the New York State Department of Financial Services office. The company reported it is fully launched with the ability to buy and sell bitcoin through its mobile Cash app earlier this year… Read More

May 18, 2018 @ 11:00 am By Samantha Hurst  |  

Financial Services Superintendent Maria T. Vullo announced this week that the Department of Financial Services (DFS) has authorized Paxos Trust Company LLC, formerly known as itBit Trust Company, to offer a permissioned, blockchain-based post-trade platform settlement service called Bankchain, and has granted a virtual currency… Read More

May 14, 2018 @ 3:46 pm By Samantha Hurst  |  

Financial Services Superintendent Maria T. Vullo announced on Monday the New York State Department of Financial Services has authorized Gemini Trust Company, LLC to offer the custody services and trading of Zcash, Litecoin and Bitcoin Cash, emerging cryptocurrencies, on its virtual currency exchange, which is… Read More

May 7, 2018 @ 11:05 am By JD Alois  |  

The State of New York is may create a new regulatory hurdle, and associated cost, for online lenders. A bill (Senate Bill S8340) sitting in the New York State Senate now, will create a limited state charter for internet lending. Sponsored by New York State… Read More

May 3, 2018 @ 12:00 pm By Samantha Hurst  |  

First RealFund (FRF), a commercial real estate crowdfunding platform headquartered in New York City, announced on Thursday it raised $500,000 of preferred equity financing for the renovation of a 4-story brownstone in Brooklyn’s Bedford Stuyvesant neighborhood. According to FRF, the project’s sponsor, XYZ Group, has pinpointed a… Read More

April 17, 2018 @ 3:04 pm By JD Alois  |  

The New York Attorney General Eric T. Schneiderman has sent a letter to 13 different cryptocurrency exchanges. Described as a fact-finding inquiry into the policies and practices of platforms used by consumers to trade cryptocurrencies, the AG labeled the move the Virtual Markets Integrity Initiative. The… Read More

March 1, 2018 @ 1:00 pm By Samantha Hurst  |  

International money transfer service WorldRemit announced on Thursday it has launched its services in New York, targeting the state’s 4.5 million immigrants with its fast, low-cost service. According to the company, customers can easily make international transfers of 147 countries around the world through its smartphone… Read More

February 6, 2018 @ 3:38 pm By Samantha Hurst  |  

Barclays announced on Tuesday that after three months of intensive product development, mentoring, and networking, the nine companies of its New York accelerator program are set to showcase their fintech proposals at a demo day. According to the company, the demo day marks the culmination… Read More