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An Oct. 10 class-action lawsuit filed against iFinex Inc., the parent company of Bitfinex and Tether, was refiled on Jan. 8 in New York’s Southern District. The lawsuit by Young et al. was followed on the next day by a similar class-action filing by Bryan Faubus.The original lawsuit alleges
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New York governor Andrew Cuomo wants to give the Department of Financial Services (NYDFS) more powers in regulating certain licensed entities, including cryptocurrency startups.Cuomo presented his 2020 "state of the state" plan on Wednesday, publishing a 321-page list of proposals including a new look at exemptions that currently exist for
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The New York Southern District Court determined that the lawsuit against David Pike, who is connected to the crypto Ponzi scam OneCoin, would go on according to a recent court order.The latest court order from the New York District Court reveals that there is an ongoing discussion regarding the potential
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The New York Southern District Court granted a continuance in the lawsuit against David Pike over his alleged link to the OneCoin Ponzi scheme.Finance news outlet FinanceFeeds reported on Dec. 21 that the continuation of the case was approved until Jan. 12, 2020 based on court documents filed on
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In a filing with the New York State Supreme Court’s Appellate Division, New York Attorney General Letitia James roundly criticized the efforts of Bitfinex and Tether to halt her office’s investigation into the companies. Bitfinex and Tether are under investigation for an accounting coverup in which Bitfinex is alleged
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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. Source
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The guidance released Wednesday includes two specific updates that the public can comment on: Any coins that the regulator approves for listing in New York can be listed by any exchange that operates in the state, as long as they provide notice to NYDFS, and the regulator will publish a
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California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services (NYDFS), the regulator said in a statement on Dec. 3.SoFi is now one of 24 crypto-related firms that have obtained a BitLicense since 2015, Bloomberg Law’s crypto reporter Lydia Beyoud tweeted the
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The New York Southern District Court has ruled in favor of the United States government to intervene in a civil case against Jon Barry Thompson, who is alleged of a $7 million Bitcoin (BTC)-related fraud.With Judge Loretta A. Preska’s ruling on Nov. 19, the U.S. government — in this
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Ben Shaoul, a real estate magnate based primarily in New York City and the president of Magnum Real Estate Group, has sold a condo for $15.3 million all payed in Bitcoin(BTC)trade. The residential property located in Manhattan at the Upper East Side and was purchased by a Taiwanese buyer.Magnum Real
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