New York Man Pleads Guilty to $2M Crypto Mining Fraud
Chet Stojanovich, 38, went to great lengths to pose as a broker of crypto mining equipment and hosting services – but kept his customers’ money for himself. Source
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New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective – Mining Bitcoin News
Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital currencies using fossil fuels. New York Mayor and Bitcoin
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A US Senate hearing will discuss FTX, New York bans proof-of-work and FTX evaluates its assets: Hodler’s Digest, Nov. 20-26
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph
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New York Times Gets Mocked for Allowing Sam Bankman-Fried to Speak at Dealbook Summit – Bitcoin News
The former FTX CEO Sam Bankman-Fried (SBF) says he plans to speak with Andrew Ross Sorkin at the annual New York Times Dealbook Summit on Nov. 30, according to a tweet he published on Nov. 23. SBF’s tweet received quite a bit of response and its unconfirmed as to whether
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New York AG pushes prohibition of crypto purchases via retirement funds
The turmoil surrounding crypto exchange FTX and Sam Bankman-Fried (SBF) reaffirmed regulators’ belief about the need for stricter oversight across the crypto ecosystem. Seeking investor protection against a similar fallout, New York Attorney General (NYAG) Letitia James recommended prohibiting crypto investments in defined contribution plans and individual retirement accounts (IRAs).In a
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New York Imposes 2-Year Moratorium on New Proof of Work Mining After Gov. Hochul Signs Bill Into Law
The new law sets a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive proof-of-work (PoW) cryptocurrency mining. Original Source
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Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times
"In recent days, there has been chatter about intercompany loans between Genesis Global Capital and DCG," Silbert wrote. "For those unaware, in the ordinary course of business, DCG has borrowed money from Genesis Global Capital in the same vein as hundreds of crypto investment firms. These loans were always structured
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New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’ – Bitcoin News
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that the proof of concept
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Let’s Talk About the New York Times’ ‘Puff Piece’ on Sam Bankman-Fried
At risk of sounding complicit in an effort to launder Bankman-Fried’s reputation, I want to say simply that the Times article is … fine. In about 1,500 words, Yale-grad Yaffe-Bellany tries to distill a narrative that really requires a book. In a story where so much is still speculation, there
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New York Cares Non-Profit Highlights Using Web3 for Good With NFT Fundraise
Although fundraising efforts have seen success over the last three years, Keith A. Grossman, TIME President and New York Cares Board Member, told CryptoX that he’s not only passionate about raising money for underprivileged students, but also about implementing technologies to propel a new wave of philanthropic efforts. Source
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