Crypto Lender Genesis Files for Bankruptcy in New York
[ad_1] The crypto lender Genesis filed for Chapter 11 bankruptcy late on Thursday following the company’s troubles with liquidity triggered by two major collapses in the cryptocurrency industry last year. It came when the company was reportedly seeking to raise capital, but failed. According to the official announcement, Genesis...
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New York Charges Celsius Network Co-Founder Alex Mashinksy with Fraud
[ad_1] Letitia James, the Attorney General of the State of New York, has charged Alex Mashinsky, the Co-Founder of bankrupt crypto lender Celsius Network, with fraud. In a lawsuit filed before a supreme court in the County of New York on Thursday, James accused the former CEO of “defrauding...
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New York Regulator Mandates Crypto Permission for Banks
[ad_1] The New York Department of Financial Services (NYDFS) has published a guidance that requires banking firms under the State of New York to seek advance permission from it before they or their authorized third-party agents engage in cryptocurrency-related activities. Grab your copy of our latest Quarterly Intelligence Report...
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New York Fed Partners with US Banks on 3-Month Digital Dollar Project
[ad_1] The Federal Reserve Bank of New York’s Innovation Centre (NYIC) in partnership with some US banking giants has kickoff a three-month digital dollar proof-of-concept (PoC) project. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital...
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New York Approves Apex Crypto Application for BitLicense
[ad_1] Apex Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology...
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Malice Or Ignorance? The New York Times Keeps Printing Lies About Bitcoin Mining
[ad_1] The New York Times’ campaign against bitcoin rages on. Even though this time they had the perfect opportunity to write a balanced article, they didn’t. The author reports one positive bitcoin mining story after another, while keeping a snooty attitude and suggesting it’s all a PR move. The...
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