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NY attorney general reaffirms jurisdiction over iFinex, Bitfinex and Tether continued operations in New York until 2019

Recently released court filings from the New York Attorney General’s Office (NYAG) showed that Bitfinex and Tether both operated in New York from 2017 to early 2019, despite claiming they had ceased all operations in the state. As such, the NYAG likely has jurisdiction over iFinex allowing proceedings to continue. Latest court filings accuse iFinex […]

NY attorney general reaffirms jurisdiction over iFinex, Bitfinex and Tether continued operations in New York until 2019

China’s central bank is developing a state-run cryptocurrency in response to Facebook’s Libra

Chinaโ€™s central bank is creating its own cryptocurrency in response to Facebookโ€™s Libra, said Wang Xin, director of the Peopleโ€™s Bank of Chinaโ€™s (PBOC) research bureau. Reasoning behind Chinaโ€™s hostility towards cryptocurrency Chinaโ€™s stance towards Bitcoin, and cryptocurrency in general, has been hostileโ€”and understandably so. China tightened capital controls in the wake of a shock […]

China’s central bank is developing a state-run cryptocurrency in response to Facebook’s Libra