New York governor signs bill banning carbon-based fuel proof-of-work mining
Gov. Kathy Hochul signed the moratorium which was approved by the state senate in June after putting it off for months, even as the industry calls the bill anti-tech.
Latest New York News
In wake of FTX collapse, New York financial regulator wants its digital asset licensing regime adopted nationally
NYSDFS' Harris claims that New York's regulatory initiatives on digital assets and related products proved to be effective in safeguarding investors, thus the need for it to be adopted nationwide.
New York Fed partners Singapore in wholesale CBDC trial
The Federal Reserve Bank of New York, which also launched another trial with major U.S. lenders, made it clear that the experiment doesn’t indicate the FedCoin is imminent.
NY Federal Reserve testing CBDCs to improve foreign exchange transactions
The exploration is part of Project Cedar, an experiment conducted by the BIS to test the worthiness of wholesale CBDC in cross-border transactions.
Kurt’s personal blog: Unbounded Capital Investor Summit 2022
In the shadow of Chelsea Market, some key figures and founders of the BSV economy walked past glowing NFT art on the walls of the lobby to entice investors with stories of the businesses running on the most scalable blockchain on earth.
New York Attorney General seeks digital currency whistleblowers ‘deceived’ by VASPs
AG Letitia James called on any New Yorker deceived by a digital asset firm through withdrawal freezes, layoffs or bankruptcy filings to contact her office.
FBI arrests 2 over alleged plans to invade New York home and steal BTC
The two 21-year-olds planned for four days on how to invade a Westchester County home and force the residents to transfer BTC before the FBI thwarted their plan.
BlockQuake team on More Than Money: Compliance, regulation and the future of exchanges
Antonio Brasse and Chad Anderson shed light on what it’s like to run a regulated exchange in New York state and why consumer protection is at the forefront of their decision-making process.
New York Department of Financial Services releases stablecoin guidance
The DFS says the guidance should act as the baseline set of requirements that companies within New York State that have either issued, or would like to issue, dollar-backed stablecoins must follow.
PayPal obtains BitLicense, lets users transfer digital assets to other wallets
PayPal has been operating with a conditional BitLicense from the NYDFS since October 2020 but has now become fully licensed in a move the company says is very big for Web3.
New York State Senate passes ban on proof of work mining—here’s what to expect
If signed into effect, the bill will place a two-year moratorium on any carbon-based proof-of-work mining operation that is looking to open shop or that needs to renew its permit.
New York Fed president urges central bankers to keep up with digital currency innovations
John William, president and CEO of the New York Federal Reserve Bank, said that despite the changing landscape of payments, the role of central banks in defining monetary policy remains the same.