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Gemini Agrees to Over $1 Billion Restoration in Settlement With New York Regulators
29.2.2024
In an agreement with the New York Department of Financial Services (NYDFS), the Winklevoss-led cryptocurrency exchange Gemini has committed to returning over $1 billion to its customers. The settlement, which also includes a $37 million fine, comes as a significant development for the exchange...
2023's Biggest Video Game Leaks, From Wolverine To GTA
20.12.2023
2023 is nearly a wrap. As we close the books on what was an outstanding year of video games, we also note that 2023 was a year rife with something else: leaked information about video games. Oftentimes very big leaks. This year was lousy with them.Read more
Regulators Not Afraid Take Action Against Crypto Rule Breakers, NYDFS Chief Says
5.12.2023
The regulator has brought enforcement actions against Coinbase and Robinhood
Starfield Fan Banned From Subreddit For Narcing Leaker To Cops
30.8.2023
Starfield leaks began blowing up across the internet last week after 29-year old Darin Harris allegedly stole dozens of copies of the game from a warehouse and started selling them online. One Reddit user immediately reported the leaks to Bethesda and Memphis police, and he’s now been banned from...
WWE Superstar Bray Wyatt Dies At Age 36
25.8.2023
WWE wrestler Bray Wyatt has passed away. The beloved wrestler, known for his role as the leader of the Wyatt family and The Fiend, died at the age of 36 after suffering a heart attack. Read more
Starfield Leaker Booked On Felony Charge After Allegedly Trying To Sell Stolen Copies
25.8.2023
The saga of a now infamous Starfield leaker has ended up with a 29-year old man booked on a felony charge after allegedly trying to sell stolen copies of the game online prior to its September 1 release date.Read more
US House Financial Services Committee Passes Stablecoin Legislation ‘After a Few Fireworks’
28.7.2023
The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of providing clarity for payment stablecoins. Sheila...
Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch
30.6.2023
In recent days, there has been a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow project, slated for July 1, 2023. The discussions surrounding this topic have sparked speculation about whether this marks the central bank’s inaugural foray into a central bank...
Crypto Industry’s Reputation Takes a Hit: FTX and Bitcoin Rank at the Bottom of 2023 Axios Harris Poll 100
30.5.2023
A recent survey conducted by Axios and Harris Poll, which polled 16,310 Americans, has revealed some interesting findings about the reputation of two select entities in the crypto industry. FTX, a crypto exchange that has since gone out of business, has been ranked at the very bottom of the list...
NY Financial Regulator Adopts Virtual Currency Assessment Rule
17.4.2023
The New York Department of Financial Services (NYDFS) has adopted a new regulation for how crypto companies will be assessed for costs associated with their supervision
New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’
7.4.2023
Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the bank’s “high percentage of uninsured...
NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'
5.4.2023
Signature Bank’s takeover last month was not a part of any so-called “Operation Choke Point 2.0,” according to Adrienne Harris, superintendent of the New York Department of Financial Services (NYDFS), who called the idea “ludicrous.”
Signature Bank Shutdown Caused by 'Crisis of Confidence' in Leadership, NYDFS Says
14.3.2023
The New York Department of Financial Services denied that Signature Bank was shut down for crypto-related reasons, instead saying the bank's leadership did not provide reliable information about its operations over the past weekend
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
13.3.2023
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department,...
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations
4.1.2023
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s...
‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023
27.12.2022
Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 and $85 per unit, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil,...
Analysts Say an Onslaught of Fed Rate Hikes Could Spur a ‘Bond Market Flash Crash’ or ‘Blow up the Treasury’
23.10.2022
The U.S. economy has been struggling with inflation running rampant and investors are eagerly waiting for the U.S. Federal Reserve to announce the next federal funds rate hike next month. Harris Kupperman, the founder of the hedge fund Praetorian Capital, believes the onslaught of Fed rate hikes...
Harris Poll Report Finds That 71% of Crypto Investors Are Confident They Will Become Billionaires
20.9.2022
A new survey conducted by Harris Poll has found that most cryptocurrency investors in America feel they have the necessary tools to become billionaires in the future. The survey, which inquired about how Americans see billionaires, also revealed that this sentiment is higher amongst millennials...
Lawsuit: Blizzard Lets Minors ‘Gamble’ On ‘Worthless’ Hearthstone Card Packs
19.5.2022
Blizzard is facing a proposed class-action lawsuit over card packs sold to minors in Hearthstone, its popular World of Warcraft-themed trading card game. A parent in Arizona claims his child purchased hundreds of dollars worth of the cards without realizing how rare it is to get good cards out...
Finder’s Experts Predict Dogecoin Will Reach $0.16 This Year, Panelist Says ‘Luster Will Wear Off as Meme Coins Lack True Utility’
23.2.2022
Panelists from the product comparison platform Finder’s dogecoin price prediction report say that the popular meme-based cryptocurrency will reach $0.163 per unit in 2022. Finder’s recent poll concerning dogecoin’s forecasted price leverages 33 experts and by 2025,...