Zokhran Mamdani’s Victory Threatens New York’s Crypto Plans
Zokhran Mamdani has won the New York City mayoral election. According to the Associated Press, the candidate secured 50.6% of the vote, while his opponent Andrew Cuomo garnered 41.2%.
Zokhran Mamdani’s Victory Threatens New York’s Crypto Plans
Zokhran Mamdani has won the New York City mayoral election. According to the Associated Press, the candidate secured 50.6% of the vote, while his opponent Andrew Cuomo garnered 41.2%.
Left Turn for New York Crypto: What Zohran Mamdani’s Win Means for Bitcoin
Zohran Mamdani is the favourite to become New York’s mayor. ForkLog examines what his ascent could mean for the world’s financial capital.
New York Mayor Reaffirms Ambition to Make City Global Crypto Capital
New York Mayor Eric Adams has reiterated his ambition to transform the city into the world’s crypto capital. The official made this statement ahead of the inaugural summit on digital assets, scheduled for May 20. “We are focused on the long-term values of these technologies […], rather than chasing memes or trends,” Adams stated. He […]
New York Proposes Blockchain to Enhance Election Transparency
New York State Assembly member Clyde Vanel introduced a bill to explore the potential of blockchain technology in enhancing the security and integrity of elections. The distributed ledger’s attributes, such as resistance to hacking and verifiability, could prevent fraud during electoral campaigns and restore trust in the system, according to the legislator. Under the proposed […]
New York Prosecutor Accuses Two Crypto Firms of $1 Billion Fraud
The New York State Attorney General’s Office, led by Letitia James, has filed a lawsuit against NovaTechFx and AWS Mining, accusing them of fraud and deceiving investors. We’re suing cryptocurrency companies @novatechfx and AWS Mining for defrauding investors out of over one billion dollars. They used prayer groups and social media apps to target Haitian […]
WisdomTree Secures NYDFS License to Operate in New York
Asset manager WisdomTree has received approval from the NYDFS to operate as a limited liability trust company under New York banking law. With this approval, WisdomTree Digital Trust Company, a subsidiary, will be able to offer local clients services in cryptocurrency custody, stablecoin issuance, and reserve management. The license will enable the firm to launch […]
Gemini to Pay $37 Million Fine and Return $1.1 Billion to Clients
The cryptocurrency exchange Gemini has committed to returning $1.1 billion to users of its Earn staking program as part of a settlement with the New York State Department of Financial Services. NEW: Superintendent Adrienne A. Harris Secures Commitment from Gemini Trust Company, LLC to Return at Least $1.1 Billion to Earn Program Customers More Here: […]
New York Attorney General Expands Lawsuit Against DCG
The New York State Office of the Attorney General (OAG) has tripled the estimated fraud amount to over $3 billion in the case against Gemini, Genesis, and Digital Currency Group (DCG). In October 2023, the agency filed a lawsuit against the companies and their executives, accusing them of defrauding 230,000 investors of more than $1 […]
Genesis to Pay $8 Million in Settlement with New York Regulator
Genesis Global Trading, a subsidiary of DCG, has reached an agreement with the New York Department of Financial Services (NYDFS). The decision follows an investigation that “identified significant failures in anti-money laundering and cybersecurity programs.” NEW: Superintendent Adrienne A. Harris Announces $8 Million Penalty Against Genesis Global Trading, Inc. After DFS Investigation Finds Significant Failings […]
KuCoin to pay over $22 million to settle New York attorney-general’s claims
The bitcoin exchange KuCoin reached an agreement with the New York State Attorney General to settle the claims, under which it will pay more than $22 million.
US prosecutors charge Gemini and DCG with defrauding investors of more than $1 billion
The New York attorney general filed a suit against Gemini, Genesis, Digital Currency Group (DCG) and the companies’ leadership, accusing them of defrauding more than 230,000 investors of over $1 billion.We use cookies to improve the quality of our service.
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