The future of Barry Silbert's "crypto" empire is on the rocks after its losses mounted to over $3 billion as more investors came forward to take down Digital Currency Group over alleged fraud.
With the forfeiture of BitLicense, which it held since 2018, over violation of cybersecurity regulations, Genesis Global Trading will no longer be able to provide digital asset service in New York.
The 57-page report poked holes in the state Department of Financial Services’ management of BitLicense, including the lack of thoroughness on security checks of potential BitLicensees and a gap in filing anti-money laundering risk assessments.
On November 15, New York DFS issued the final version of its "Guidance Regarding Listing of Virtual Currencies" for entities approved to operate in New York under the BitLicense program.
The New York Bankruptcy Court has cleared Celsius' restructuring plan, unlocking around $2 billion worth of digital assets to be distributed to creditors.
New York pioneers AI-driven government services with a comprehensive plan, including a City AI Steering Committee and ethical principles, to advance responsible technology use.
New York saw founders and investors gather for the Unbounded Capital Summit on September 21, where they discussed, networked, and divulged on scalable blockchain and products supported by the tech.
The New York Attorney General’s charges were targeted at ending Gemini, Genesis, and Digital Currency Group's operations tied to the "purchase and sale of securities and commodities within or from New York."
Under the New York Department of Financial Services’ new guidance, digital asset companies' boards of directors must implement and update the coin listing policy annually, and they must also review each new listing.
Following its success in 2022, the Unbounded Summit returns this September, packed with talent, partners, and blockchain entrepreneurs for an opportunity to develop the venture capital space.
The annual Unbounded Summit will be happening on September 21 in New York, featuring a line-up of industry experts who will share their insights and vision for the future of scalable blockchains.
CoinEx will refund $1.1 million to users and pay $600,000 in penalties over charges that it violated securities laws in New York in a settlement that “codifies” its U.S. exit.
