New York

New York

Finance

Bitcoin Miner Digihost Completes Controversial Power Plant Acquisition, Doubling Energy Capacity

Environmental groups oppose the transaction on the grounds that it impedes New York's greenhouse gas emissions goals.

The Digihost power plant in North Tonawanda, New York. (Eliza Gkritsi/CoinDesk)

Web3

Hermès vs. MetaBirkins: The NFT Case That Could Have Major Trademark and Artistic Consequences

The trial between NFT artist Mason Rothschild and French luxury house Hermès came to a close on Monday after a year-long trademark battle over an NFT project inspired by the brand's famous handbag.

MetaBirkins project home page (metabirkins.com)

Tech

Genesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Options Trades That Weren’t Settled

The court action seeks damages from Bitcoin Cash backer Roger Ver related to the alleged failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022.

Roger Ver (YouTube screenshot)

Policy

In Wake of FTX, New York Reminds Crypto Firms to Segregate Customer Funds

The crypto exchange's bankruptcy proceedings revealed poor segregation of customer funds, so the New York regulator is reminding service providers to keep clean records.

El fundador de FTX, Sam Bankman-Fried, se declaró “no culpable” de ocho cargos en un tribunal federal. (Michael M. Santiago/Getty Images)

Policy

Coinbase Will Pay $50M Fine to New York Regulator to Settle Background Check Charges

The settlement will also require Coinbase to invest $50 million to bolster its compliance program.

(Unsplash)

Web3

Web3 Co-Working Hub EmpireDAO Closes Amid Bear Market Woes

The hopeful “WeWork of Web3” is closing its doors and looking for a new home just months after it opened at 190 Bowery in Manhattan.

Interior of EmpireDAO (Danny Nelson/CoinDesk)

Videos

Sam Bankman-Fried's Lawyers Ask Court To Redact Identities of $250M Bail Co-Signers

Court filings reveal that lawyers for Sam Bankman-Fried have asked a judge to redact the names and identifying information of the two co-signers, in addition to his parents, for the former FTX CEO's $250 million bail. "The Hash" panel discusses the latest legal developments ahead of the former FTX CEO's appearance in a New York City court Tuesday afternoon.

Recent Videos

Videos

FTX Founder Sam Bankman-Fried Expected To Enter Not Guilty Plea: Report

FTX Founder Sam Bankman-Fried awaits arraignment in New York federal court, where he is reportedly expected to plead not guilty, according to the Wall Street Journal. Champel Capital Co-Founder Amir Weitmann discusses his take on the FTX implosion and how it compares to the Bernie Madoff scandal. Plus, his outlook for VC crypto investments.

Recent Videos

Videos

Sam Bankman-Fried to Be Extradited to the US

FTX founder Sam Bankman-Fried's request to be extradited to the U.S. was eventually granted during the most recent hearing on Wednesday. He could arrive as early as Wednesday afternoon, where he would be arraigned in New York's Federal District Court in Manhattan. CoinDesk Regulatory Reporter Cheyenne Ligon discusses the latest developments in FTX's bankruptcy.

CoinDesk placeholder image

Videos

Swan Bitcoin CEO on This Year's Biggest Bitcoin Developments, SBF Extradition

Swan Bitcoin CEO Cory Klippsten highlights the 10 biggest developments for Bitcoin this year. Plus, his reaction to FTX founder Sam Bankman-Fried being extradited from the Bahamas to New York to face federal fraud charges, and his take on renewed crypto contagion concerns.

Recent Videos