Places New York

US cryptocurrency exchange Bittrex had its BitLicense application rejected by the New York Department of Financial Services (NYDFS) after years of scrutiny. The agency rejected the application because of alleged deficiencies in anti-money laundering practices alongside poor due diligence over token launches, among other shortcomings. Explaining the reasons behind the decision in a public notice […]

Kraken, a popular cryptocurrency exchange based in the US, is facing a lawsuit from former employee Jonathan Silverman. The former trading desk manager alleges the exchange failed to pay him promised commissions and is demanding $900,000 in compensation for the $19 million in profits its trading desk generated during his tenure at the company. Former Employee […]

Nasdaq, the second-largest stock market in the world, will bolster its crypto offering with new Bitcoin and Ethereum tracking indices on Feb. 25th. The Indices will offer real-time price updates, in thirty-second intervals, on the two cryptocurrencies for clients using Nasdaq’s Global Index Data Service. The two indices are the Bitcoin Liquid Index (BLX) and […]

JP Morgan has become the first US bank to create and test a cryptocurrency. “JPM Coin” is a blockchain-based system intended to supplant older technologies like SWIFT and wire transfer, providing faster settlement times for the bank’s institutional clients. JP Morgan Chase is the largest bank in the US with a balance sheet with over […]

CBOE, on Jan. 31, has resubmitted their Van Eck SolidX Bitcoin ETF application, with a proposed rule change, to the SEC after withdrawing it on Jan. 22. SEC deputy secretary Eduardo Aleman confirmed over a week ago that the CBOE BZX Exchange had pulled its proposed rule change, which would have allowed it to list […]

RealBlocks, a platform leveraging the Ethereum blockchain to tokenize equity in real estate, closed a $3.1 million seed round. The round was led by Science, Inc., a fund with stakes in digital businesses—such as Dollar Shave Club, and was joined by Anthony Pompliano’s Morgan Creek Capital and several other venture capital funds. On Jan. 25th, […]

There is a distinct division around blockchain-related regulation in the United States, especially when it comes to state-level regulation. The spectrum ranges from conservative New York to progressive Ohio. In the U.S. today, two main positions from a regulatory standpoint exist. New York has taken a stricter, more controversial stance towards blockchain projects while states […]

On Nov. 1st, Stock exchange giant Nasdaq Inc. released a paper announcing the intent to use the anti-fraud tools it’s developed for conventional exchanges to aid in stamping out crypto fraud. How can #cryptocurrency exchanges foster transparency and implement processes and technology that contribute to fair and orderly trading and investor protection? Find out in […]

BlackRock CEO remains cautious about entering crypto space, highlights need for stronger backing before commitment.

J.P. Morgan’s Quorum blockchain, an enterprise-grade DLT solution built on Ethereum, is being deployed for tokenizing traditional assets to test the robustness of blockchain technology, reported Financial Review on Oct. 29, 2018. Tokenizing Gold Bars The New York-based investment bank will leverage blockchain technology for tokenizing gold bars to allow miners to earn premiums on […]

Wall Street may seem to be primed for a cryptocurrency revolution, but the regulatory fortress of global finance doesn’t seem to be letting down its guard. Come Oct. 25, New Yorkers looking to trade on IDEX will likely be in the market for a new decentralized exchange. Announced in a tweet Tuesday, the ERC20 DEX […]

Despite the cryptocurrency market slowdown and regulatory uncertainty in 2018, cryptocurrency- and blockchain-related jobs and roles have increased significantly, indicating clear interest and considerable demand in the sector. Bitcoin Jobs Rising As per data collated by job portal Glassdoor, traditional companies have ramped up hiring for blockchain and blockchain associated jobs. The company researched millions […]

Fidelity Investments, one of the world’s largest financial institutions managing assets in excess of $7 trillion, announced Monday that it would be launching a new platform for the trading and storage of digital assets. LIVE: @Fidelity announces it is jumping into the emerging crypto arena with a new business https://t.co/kMqiRxfUAI — Bloomberg Crypto (@crypto) October 15, […]

Gemini VP of Engineering Erin Winer announced today via the company blog that Gemini will now support Litecoin (LTC). Trading Starts Next Week, Deposits Available Now On Oct. 13 at 9:30 a.m. EST, users of the Gemini exchange will be able to deposit LTC into their accounts, and trading will begin the following Tuesday, October […]

Binance Labs, the incubation and investment arm of the world’s largest cryptocurrency exchange by daily volume, Binance, has divulged its position as lead investor in blockchain and smart contract verification startup CertiK—months after revealing the project as one of its premiere investments. Announced in a press release by New York-based CertiK, Oct. 8, Binance Labs […]

According to a blog on the Circle website, the Goldman Sachs-backed peer-to-peer payments technology company has signed a definitive agreement to acquire SeedInvest, a leader in the equity crowdfunding industry and registered Broker-Dealer. With this acquisition, Circle is clearly entering the security token space. According to the Circle blog: “This acquisition will accelerate our strategy of […]

This week, major New York City-based crypto exchange Gemini obtained insurance coverage from a consortium of leading insurance providers led by Aon, a multi-billion dollar insurance giant based in London. Yusuf Hussain, Gemini’s Head of Risk, emphasized the importance of providing sufficient consumer protection to assure that investors on the platform can freely trade cryptocurrencies […]

When it comes to Wall Street, most would envisage the crypto securities market as a distant, but a multi-trillion-dollar blip on the horizon. And yet, for all the ruminations of regulators, the Big Apple’s real estate market has taken its another step onto the bandwagon of tokenization. A luxury condo development is set to find […]