New York | Crypto Profit Bot

New York grants Bakkt coveted BitLicense

March 11, 2021

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Bakkt will also have a money transmitter license in the state of New York. 7172 Total views 24 Total shares Bakkt has become the latest crypto firm to get a BitLicense. On Thursday, the New York Department of Financial Services announced that Bakkt had become the 29th BitLicensee. First granted to Paxos in 2015, the BitLicense […]

BitGo receives trust license from New York regulators

March 4, 2021

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Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state. 4963 Total views 22 Total shares Major American digital asset custody and security company BitGo has acquired a New York Trust license from the New York State Department of Financial Services. According to an […]

Tether hit with 500 Bitcoin ransom demand — But says it won’t pay

March 1, 2021

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The USDT stablecoin issuer says it received a $23 million ransom demand payable by Monday. The deadline has since passed, and Tether isn’t paying. 7622 Total views 25 Total shares Hackers have threatened to release sensitive company documents supposedly belonging to USDT stablecoin issuer Tether unless the firm sends a 500 Bitcoin (BTC) ransom to […]

While Washington dithers, Wyoming and other US states mine for crypto gold

February 27, 2021

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The United States is divided politically these days into red states and blue states, and increasingly, it seems to be fracturing into cryptocurrency-friendly and crypto-wary locales, too. On Feb. 21, it was revealed that San Francisco-based Ripple Labs had registered as a Wyoming business. Wyoming is arguably the most blockchain and cryptocurrency-welcoming state in the […]

Alabama Man Charged Over SIM Swap Hacks That Stole $150K in Crypto

February 11, 2021

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Joseph Chase Oaks allegedly used SIM-swap hacks to access victim’s online accounts between August 2018 and October 2019. Feb 11, 2021 at 3:31 p.m. UTCUpdated Feb 11, 2021 at 3:40 p.m. UTC Alabama Man Charged Over SIM Swap Hacks That Stole $150K in Crypto A man from Alabama who targeted Manhattan (N.Y.) residents to steal […]

NYDFS hosts crypto industry competition to get real-time data on Bitlicensees

January 21, 2021

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Emerging analytics technology is the name of the game for the next stage in crypto regulation. 1037 Total views 6 Total shares New York’s financial regulator is asking for new tools to gather real-time financial data. On Thursday, the New York Department of Financial Services announced new details of its coming “techsprint” competition: “The objective […]

New York authorizes first Yen stablecoin operator in the US

December 29, 2020

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Japanese firm GMO will now be able to offer Yen and dollar-pegged stablecoins to the public in New York. 2384 Total views 20 Total shares New York has given the first authorization to a stablecoin backed by the Japanese Yen to operate in the U.S. Per a Dec. 29 announcement, the New York Department of […]

Regulation will keep PayPal’s new crypto services from looking anything like crypto

October 21, 2020

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For now, PayPal’s crypto payments are more about satisfying regulators than providing users with crypto capabilities. 4017 Total views 23 Total shares Earlier today, PayPal confirmed that it would be adding crypto payments to its global platform over coming months. The rollout will begin in the United States, where PayPal also became the first recipient of the New York […]

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Category: New York