▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Rochester-based digital asset mining facility Foundry announced they are offering education for those looking to enter the bitcoin mining industry. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Rosie Perez appeared at Governor Cuomo’s latest press conference. The actress, along with comedian Chris Rock, was there to encourage New Yorkers to wear their masks. Despite criticism, Perez’s appearance shows what New Yorkers truly value: authenticity. Rosie Perez is an icon. On Thursday, she took time out of her day to appear at Governor Cuomo’s most recent press conference. She, alongside comedian Chris Rock, was encouraging New Yorkers to continue to wear their masks, even as the state begins its process of phased reopening. Gov. Andrew Cuomo brought out…
CoinDesk isn’t just hosting its Consensus: Distributed virtual conference this week – it’s also raising money for COVID-19 relief, and doing so in an innovative way. The donation project makes use of quadratic funding, the fundraising model developed by Ethereum founder Vitalik Buterin and Harvard researcher Zoë Hitzig. The method uses a simple mathematical formula that rewards matching grants to causes that attract the broadest spread of contributions across the largest number of participants — essentially enabling small donations to count just as much as large ones. CoinDesk is partnering with…
Cryptocurrency entities licensed under the New York’s Financial Services Law (FSL) should pay the costs of regulatory oversight, Governor Andrew Cuomo believes. The Democratic Governor purportedly wants the state authorities to amend the FSL in order to require virtual currency-related entities within the FSL jurisdiction to foot the bill for examination and oversight conducted by New York State Department of Financial Services (NYDFS). The NYDFS is one of primary regulatory agencies for crypto-related businesses in New York state as the regulator issues a major business license for cryptocurrencies, the BitLicense.…
Telegram has been ordered by a judge to hand over financials concerning its $1.7 billion initial coin offering (ICO). District Judge P. Kevin Castel of the New York Southern District Court ordered Telegram to respond by the end of day Friday following a request Thursday by the U.S. Securities and Exchange Commission (SEC). The SEC said the investment information is necessary ahead of next week’s deposement of three Telegram employees, including founder and CEO Pavel Durov. “Defendants’ refusal to fully disclose and answer questions about their disposition of the $1.7…
Telegram has been ordered by a judge to hand over financials concerning its $1.7 billion initial coin offering (ICO). District Judge P. Kevin Castel of the New York Southern District Court ordered Telegram to respond by the end of day Friday following a request Thursday by the U.S. Securities and Exchange Commission (SEC). The SEC said the investment information is necessary ahead of next week’s deposement of three Telegram employees, including founder and CEO Pavel Durov. “Defendants’ refusal to fully disclose and answer questions about their disposition of the $1.7…
“Putting our members’ interests first is our top priority at SoFi,” he said. “That includes both offering individuals the products they want, like cryptocurrency within SoFi Invest, as well as protecting them, through a solid regulatory framework like that created by the New York State Department of Financial Services.” Source
Fidelity Investment’s digital currency arm has been licensed by the New York Department of Financial Services to operate a platform on which individuals and institutional investors can store, purchase, sell, and transfer bitcoin. The regulator also revealed that it has to date approved 23 charters or licenses for firms engaged in crypto activities. Also read: US to Strictly Enforce Crypto Rules Similar to FATF Guidelines Fidelity’s New Crypto License The New York State Department of Financial Services (DFS) announced Tuesday that it has granted a charter under the state’s banking…
The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company to custody digital currencies and execute crypto trading. Source
Institutional Bitcoin (BTC) trading platform Bakkt has announced it has launched its custody feature for its entire client base following regulatory approval. Bakkt: custody is “critical link” in BTC adoption In a blog post on Nov. 11, Bakkt said it had received the go-ahead from the New York Department of Financial Services (NYDFS) to offer custody services to any institution. Previously, the option was only available for those trading its Bitcoin futures. Commenting on the release, Bakkt described the custody tool as “the critical link in the institutional adoption of…