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Tag Archives: new york

Crypto Firm Fire Blocks Garners More than $300 Million in New Funds

Digital currency provider Fire Blocks – a startup based in New York – has managed to raise more than $300 million in new funds, thereby bringing its overall valuation beyond the $2 billion mark in just under half a year. Fire Blocks Gets Its Hands On a Lot of Money Fire Blocks came about three years ago in 2018. Just last February, the company managed to secure approximately $133 million for itself through a Series C funding round. During that period, the company’s...

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Coinbase Is Setting Up a New Home in New York

Popular cryptocurrency exchange Coinbase is setting up an office in New York. Coinbase Is Opening an Office in New York Based in San Francisco, Coinbase has established itself as a leading digital currency trading hub following news in April that it would be the first crypto exchange in the history of the space to go public on the Nasdaq, though share trading has been somewhat of a rocky process. In addition, the company has recently added Dogecoin to its list of...

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New York Family Makes Millions Thanks to Shiba Inu Coin

You know a cryptocurrency has reached a whole new pinnacle when it features its own hard fork or spin-off coin. In bitcoin’s case, there are several assets that stem from its technology such as Bitcoin SV (BSV), bitcoin cash (BCH) and Litecoin (LTC). Now, it looks like Dogecoin – a cryptocurrency that was never designed to be taken seriously – has its own alternate currency known as Shiba Inu coin, and some people have already become millionaires thanks to early...

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New York Seeks Stoppage on Bitcoin Mining Projects to Study Atmospheric Damage

New York is concerned about bitcoin mining. So much, in fact, that a new Senate bill is looking to shut down all mining operations for approximately three years until the state can assess the damage done to the environment through mining. New York Has Taken a Stance Against BTC Mining While it is easy to point the finger at New York right now and accuse it being closed minded, the fact is that this is something that appears to be worrying the entire world, especially...

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USA: 100 Banken wollen Bitcoin ins Sortiment aufnehmen. Kommt jetzt das Big Money?

Wie der Bitcoin-Dienstleister NYDIG schreibt, werden bald hunderte US-Banken das Handeln und Halten von Bitcoin ermöglichen. Die New York Digital Investment Group (NYDIG) ist eine Tochtergesellschaft von Stone Ridge, einem 10 Milliarden Dollar schweren alternativen Vermögensverwalter. Die New York Digital Investment Group (NYDIG) ist aber nicht einfach ein zufälliger Bitcoin-Service, sondern einer der...

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New York Takes Action Against Coinseed, a Potentially Fraudulent Crypto App

New York Attorney General Letitia James has announced plans to file suit against a cryptocurrency trading app known as Coinseed, which she claims has been fraudulent and cheating its investors.Coinseed Will Face Action from New York LawmakersCrypto crime is a serious problem and has been around since the world of digital currency was first brought to international attention roughly 12 years ago. The crypto space has been filled to the brim with theft and cyberattacks that ultimately leave...

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PayPal Gets “Conditional” BitLicense, Will Work with Paxos Trust

New York has always been strict when it comes to bitcoin and cryptocurrency, but now that PayPal has entered the crypto fray, it looks like the company’s position in the Big Apple just got a whole lot easier.PayPal Is Asserting Itself in New YorkIt has been announced that PayPal has been given what’s known to as a “conditional” BitLicense. The circumstances of the license are somewhat different from just a straight-up BitLicense application. The former permits PayPal to attach itself and work...

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Upstate New York Is a Growing Hotspot for BTC Miners

New York is a growing hotspot for bitcoin and cryptocurrency mining companies like Greenidge Generation.New York – Where Bitcoin Miners Never SleepOften, New York is known for being a rather expensive place. The real estate alone attracts only the rich and famous, while a bowl of soup in an upscale Manhattan restaurant is likely to cost $100 or more. New York may be pricier than other places, but its upstate region appears to offer some relatively cheap energy, which makes it a prime location...

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It’s Three Strikes and You’re Out for Companies Seeking a BitLicense

A new three-strike rule is now in effect for crypto businesses looking to apply for New York’s dreaded BitLicense.The Dreaded BitLicense Just Got a Lot WorseRegulators have issued a warning telling users that anyone looking to apply for a BitLicense could potentially have their applications thrown out or quickly rejected granted they do not follow the feedback or rules brought forth by New York-based lawmakers. Granted a rejection occurs three times, the company will not be permitted to try...

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