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New York’s Attorney General investigating DCG’s subsidiary

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Digital Currency Group’s subsidiary, Genesis Global Capital, is reportedly being investigated by the New York State Attorney General’s Office (NYOAG).  This development compounds the mounting series of ongoing inquiries directed at DCG’s financial operations. US federal prosecutors and

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Illinois Officials Pushing State Crypto Licensing to Emulate New York’s BitLicense

“It's happening too often where there's some scam or collapse that's hurting consumers directly in their pocketbooks,” DeCarlo said in a CryptoX interview. The state needs "safeguards in place soon so we can get in front of those," he said, plus a way to give the latest financial innovations some

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New York’s Museum of Modern Art Considers Buying NFTs With Proceeds of $70M Auction: Report

The museum's director, Glenn Lowry, said the intention is to extend the digital reach of the museum after attendances slumped during and after the pandemic. The museum has a team of people keeping tabs on the digital art market and it is considering purchasing digital art connected to NFTs, Lowry

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New York’s Latest Bill Clamping Down On Bitcoin Mining Draws Sharp Criticism From Industry

While many states across the US are leaving no stones unturned to entice crypto mining companies to set up shop in their respective jurisdictions, New York’s lawmakers are moving in the opposite direction. As the NY State Legislature entered the eleventh hour of its 2022 session, an early morning vote in

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New York’s push to ban crypto mining triggers response from community

As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once approved, members of the crypto community express their disagreement through social media. In a Twitter thread, Jake Chervinsky, the head of policy at Blockchain Association, explained that the move will not “reduce carbon emissions”

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Michael Saylor: New York’s Proposed Bitcoin Law is Damaging to the Environment, Reputation and Economy of the State

Quick summary: Microstrategy CEO, Michael Saylor, has said that the proposed Bitcoin and crypto regulation based on energy use in New York is damaging to the environment, reputation, and economy of the state Mr. Saylor sees the proposed bill as a demonstration of how the law can be manipulated maliciously He has also

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