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NY Governor Cuomo launches blockchain-powered vaccination passports

New York Governor Andrew Cuomo announced the launch of the city's blockchain-powered “Excelsior Pass” vaccination passport on March 26.The passport is issued through a free and voluntary platform that verifies Covid-19 vaccinations or negative test results via a QR code for smartphone scanning or printing. The Excelsior Pass is intended

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Bitfinex and Tether (USDT) Settle With NY Attorney General for $18.5M

In brief:The NY Attorney General’s office has settled with Bitfinex and TetherBitfinex and Tether will cease all operations in New YorkThey will also pay an $18.5 million fine alongside other requirements to increase transparencyThe New York Attorney General’s office has reached an $18.5 million settlement with Bitfinex and Tether for

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Automated Crypto Investing App Coinseed Faces Fraud Charges In NY, SEC Suits

Coinseed Inc, an automated crypto investing app, is facing allegations of defrauding investors and breaking U.S. registration laws in a pair of legal actions brought Wednesday by the U.S. Securities Exchange Commission and the State of New York.The app-based service bilked investors of $1 million through hidden fees, false claims

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NY Times report alleges history of pay discrimination at Coinbase

San Francisco-based crypto exchange Coinbase may have had a problem with paying its employees fairly based on gender and race. According to a report from The New York Times journalist Nathaniel Popper, Coinbase paid salaried Black employees roughly 7% less than people in similar positions, based on payroll data from 2018. Across the

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NY Governor Wants Crypto Firms to Cover Costs for NYDFS Oversight

Cryptocurrency entities licensed under the New York’s Financial Services Law (FSL) should pay the costs of regulatory oversight, Governor Andrew Cuomo believes.The Democratic Governor purportedly wants the state authorities to amend the FSL in order to require virtual currency-related entities within the FSL jurisdiction to foot the bill for

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