Similar lawsuits have been filed against Nexo in Kentucky, Vermont, South Carolina, and Maryland. Similar law enforcement actions were taken against Celsius in 2021. On Monday, state securities regulators in California and several other states took action against the crypto lender Nexo, labeling the company’s Earn Interest Product (EIP) unregistered
The company is working with Moonwalk to bring NFTs to market. The option allows customers to pay with cryptocurrency exactly as fiat. A New York City nightclub, “Somewhere Nowhere,” is to begin taking cryptocurrency payments for its services in light of the growing popularity of Bitcoin and other cryptocurrencies, according
Adams’ compensation has been slashed by more than 16%. Paid in US dollars and subsequently converted to the flagship cryptocurrency. The 110th mayor of New York City, Eric Adams, is an advocate of cryptocurrency. When questioned about his losses in an interview, he remained calm and collected after receiving his
The New York Attorney General stops two crypto platforms functioning immediately. Questioning letters sent to three more crypto platforms. All issued based upon not following the laws terms the Attorney General. With the rules and regulations being imposed statewise, most are upon a fairplay in the U.S. Moreover, most of
New York becomes the most desirable state in the U.S for BTC mining . 20% of BTC hash rates originate from New York . AVailability of renewable energy and cooler climate are major factors. The China BTC mining ban has completely turned the Bitcoin (BTC) mining industry overall. With China
The Attorney General of New York Democrat Letitia James has permanently shut down the Coinseed crypto exchange. The exchange has converted all its users’ funds into dogecoins without their knowledge. Due to the numerous complaints on the crypto exchange, the NYAG officer, James wins the judgement against the crypto exchange
New York billionaire Steve Cohen’s Hedge fund Point72 holds $22B worth of assets. The management is currently ready to hire a “crypto head” as it is ready to jump into the crypto sector. Point72 is the early-stage venture capital strategy funded over $22 billion under asset management. Thus with a
