New York Mayor criticizes state BitLicense scheme
During an interview session at a London crypto conference, Mayor Eric Adams of New York City has criticized his state’s BitLicensing system, alleging that it stifles innovation and economic progress. Adams advised his state legislature peers in Albany “listen to those who are in the field” in a closing keynote interview at the Crypto and […]
Viral Shiba Inu Times Square Ad Is Scam
The viral Shiba Inu Times Square ad was a hoax, according to Silvercast Media, a New York-based advertising business. It’s merely a depiction of the media company’s stunning billboard in the centre of Manhattan, according to the company. The screen spans a city block on Broadway between 45th and 46th Streets, attracting 1.5 million daily […]
NYAG directs 2 crypto firms to shut down while investigating 3 others
The New York Attorney General’s (NYAG) office has accused two unnamed crypto lending platforms in the state of engaging in illegal activities and has demanded three others to give information about their operations. The New York Attorney General’s office announced on Monday that it has ordered two crypto lending platforms — the identities of which […]
New York businesses petition the governor to deny permits for crypto mining centres
Bearing in mind crypto mining’s environmental impact, some local businesses in New York have petitioned the Governor to deny permits for the conversion of the city’s outdated fossil-fuel power stations into crypto mining centres. A coalition of local companies has petitioned New York State Governor Kathy Hochul to deny permits for the conversion of the […]
CFTC charges 12 crypto-based businesses in New York for failure to register
The Commodity Futures Trading Commission (CFTC) has penalized 12 crypto options companies in New York for failing to register with the agency. Some of the listed companies include Bitfxprofit, Star FX Pro, Smarter Signals and BinanceFx Trade. The CFTC announced in a news statement on Sept. 29 that it is pursuing charges against 14 organizations […]