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Market Update: Bears Claw Crypto Prices Below Long-Term Support
18.12.2019
Digital currency prices plummeted on Tuesday, as cryptocurrency markets lost billions during the morning trading sessions, New York time. BTC dropped well below the $7k range and other digital assets followed BTC’s path with sharp losses. Crypto prices haven’t been this low since May...
Fidelity Launching Crypto Services in Europe, Citing ‘Significant Interest’
18.12.2019
Fidelity Investments is expanding its crypto services to European clients after seeing increasing potential in this market. The expansion builds upon the company’s U.S. crypto business. “We’ve seen significant interest and engagement by the institutional community, which show...
Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy
16.12.2019
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other...
New York AG Finds It ‘Perverse’ For Bitfinex and Tether to Criticize Investigation
14.12.2019
The New York Attorney General and Bitfinex had it out with each other in filings with the State Supreme Court
New York Attorney General Calls Bitfinex’s Legal Stance ‘Deeply Perverse’ in New Filing
13.12.2019
In a sharply worded brief, the New York Attorney General's Office has criticized the exchange's tactics in its case involving the Tether stablecoin's backing
NY Regulator Proposes Relaxing New Coin Listing Requirements
12.12.2019
The New York State Department of Financial Services, the Bitlicense regulator, has published a proposed framework for licensed companies seeking to list new coins. This is the first time the regulator has proposed changes to its crypto regulation in five years. Among the changes, licensees will...
New Crypto Rules in New York + More News
11.12.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
The New York Department of Financial Services (NYDFS) issued their 'Proposed Guidance Regarding Adoption or Listing...
New York Regulator Details Changes to Contentious BitLicense
11.12.2019
The New York Department of Financial Services has outlined a new approach to approving what coins crypto exchanges can list in the Empire State
Accused Onecoin Co-Conspirators Fight Criminal Charges in the US
10.12.2019
The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged associate who was found guilty of laundering $400 million has asked a New York judge for more time...
$4 Billion US Fintech Startup Sofi Receives New York Bitlicense
4.12.2019
Sofi is a startup valued at over $4 billion which is focusing on providing millennials with student loan refinancing, personal loans, mortgages, and other wealth management and financial services. In September it has added crypto trading to its investing platform as a response to demand from...
Wisdomtree’s Physically Backed Bitcoin ETP Goes Live on SIX Stock Exchange
3.12.2019
New York-based ETF provider Wisdomtree has launched a physically backed bitcoin exchange-traded product (ETP) on Switzerland’s SIX stock exchange. According to Wisdomtree, the new product is not cash-settled like most ETPs traded on the SIX exchange as the BTCW investment product will...
SoFi Obtains BitLicense to Offer Crypto Trading Services in New York
3.12.2019
SoFi Digital Assets receives a BitLicense from New York regulators
Former CFTC Chair to Remain Focused on Crypto and Blockchain at New Law Firm
3.12.2019
Former CFTC chairman joins New York-based law firm where he will reportedly continue to advocate for the U.S. digital dollar
Crypto Community Erupts Over Ethereum Foundation Member’s Arrest
30.11.2019
On Friday the United States Attorney’s Office for the Southern District of New York (SDNY) announced the arrest of Ethereum Foundation member Virgil Griffith for allegedly “assisting North Korea in evading sanctions” by teaching “his audience how to use blockchain...
Despite St. Louis Branch Warnings, New York Fed Pumps $108 Billion Into US Economy
29.11.2019
On Wednesday, November 27, the U.S. Federal Reserve pumped $108 billion into the American economy using overnight repo tactics and 15-day repos. The central bank explained the move will stimulate more liquidity into the faltering U.S. economy, but economists from the St. Louis Federal Reserve...
New York Judge Grants US Government Right to Intervene in $7M Bitcoin Fraud Case
20.11.2019
The U.S. government now has the right to interfere in a multimillion Bitcoin scam case initially brought before the court by the CFTC
Fidelity Investments Acquires License for Crypto Trading in New York
20.11.2019
New York-based Wall Street brokerage firm Fidelity Investments has been granted a license to trade in cryptocurrencies. Fidelity Investments works in the crypto business through its subsidiary, Fidelity Digital Assets Services (FDAS). Through an official proposal, FDAS had applied for the Trust...
NY Regulator Licenses Fidelity for Bitcoin Trading and Custody
20.11.2019
Fidelity Investment’s digital currency arm has been licensed by the New York Department of Financial Services to operate a platform on which individuals and institutional investors can store, purchase, sell, and transfer bitcoin. The regulator also revealed that it has to date approved...
Fidelity Digital Asset Services Now Authorized to Operate Crypto Custody Platform
19.11.2019
The New York State Department of Financial Services has authorized Fidelity Digital Asset Services to run a crypto custody platform
Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions
19.11.2019
The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company to custody digital currencies and execute crypto trading