New York
Bitcoin Mining Controversy and the Case of Greenidge Generation
Greenidge Generation, a bitcoin mining operation in upstate New York, has found itself at the center of state and national debates about the impact crypto mining firms have on the environment and their local communities. But locals who live near the facility say they’ve been cut out of the conversation, and the broader debate ignores the role Greenidge plays in their lives. CoinDesk reporters traveled to the towns immediately adjacent to the mining operation to understand the views on the ground.
Coin Cafe Ordered By New York AG to Pay Back $4.3M in Fraudulent Fees
The New York Attorney General’s office said it reached an agreement for the trading platform to return fees to investors it overcharged and misled.
New York Attorney General Seeks New Crypto Powers for State Regulators
The bill would follow legal suits pursued by Letitia James against companies like Celsius, CoinEx and Nexo.
Blockchain Association Leaves New York as Federal Regulatory Fight Looms
The advocacy group will refocus its efforts on petitioning regulators and officials in Washington, D.C.
Celsius CEO Mashinsky Denies ‘Baseless’ Fraud Claims by New York State
N.Y. Attorney General Letitia James said Mashinsky misled investors about the health of the now-bankrupt crypto lender.
NY Financial Regulator Adopts Virtual Currency Assessment Rule
The regulation affects only companies with a state-issued BitLicense.
U.S. Bitcoin Corp. Settles With Niagara Falls City to Resume Bitcoin Mining
The firm is currently trying to complete a merger with Canadian Hut 8 Mining.
NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'
Adrienne Harris, the superintendent of the New York Department of Financial Services, said the decision to close the bank was instead due to a “new-fashioned bank run.”
Trump NFT Sales Spike Following Ex-President's Arraignment in New York
In the hour after the 45th president was arrested Tuesday afternoon, the collection saw 30 sales, a 462% increase after a long period of token holder dormancy.
Former NY Regulator: Crypto Isn't the Reason Why Signature Bank Was Closed
The bank did not provide reliable and consistent data, said Maria Vullo, a former superintendent of the New York State Department of Financial Services.
