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Cryptocurrency exchange CoinEx has been sued by the New York Attorney General, Letitia James, alleging the firm falsely represented itself as an exchange due to failing to register as a securities and commodities broker-dealer in the state.A 38-page petition filed by James in the New York Supreme Court on Feb.
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Solana Spaces will close down its two Solana (SOL)-themed, community-oriented retail stores in New York City and Miami at the end of the month, as the physical stores didn't onboard as many users as it initially anticipated.Solana Spaces tweeted the news on Feb. 21 sharing a note from its founder,
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The New York State Department of Financial Services (NYDFS) has announced enhancements to its ability to detect illegal activities with virtual currency among the entities its regulates. The new capacities are part of its efforts to keep pace with the industry and respond proactively to the virtual currency market, it
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The platform also obtained a money transmitter license from the U.S. state’s financial regulator. Source
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Around the time FTX collapsed, Modulo’s holdings were converted into cash and are stored in an interest-bearing account with JPMorgan, which served as its prime broker, handling its trading in stocks and stock futures, the NYT report said. The fund is looking for FTX to release it from certain legal
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"Essentially, by halting issuance of BUSD, there is no way for the stablecoin to grow. BUSD trading pairs will still be supported by Binance, but traders will gradually start to migrate to other stablecoins, which could be causing the discount on BUSD," Kaiko's research director, Clara Medalie, told CryptoX. Source
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A New York judge on Friday rejected an attempt by iFinex and related companies, which include include cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CryptoX's request for information about the financial reserves backing the USDT token. Source
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Paxos Trust Company — the New York-based stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is reportedly being investigated by the New York Department of Financial Services (NYDFS). A “person familiar with the matter” told Bloomberg in a Feb. 10 report that the exact motive behind the probe
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The New York Department of Financial Services is investigating crypto company Paxos, though the scope of the investigation is not yet clear. Source
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Under the restructuring signed on Jan. 27, amortization of the term loan will be replaced with a free cash flow sweep mechanism through April 2024, according to a Wednesday press release. TeraWulf will also be able to extend the maturity date of its term term loan to April of 2024,
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