New York has always been a tough region for cryptocurrency firms. Strict and somewhat unnecessary regulation have made this a region to avoid. After many years of complaints, that situation may finally come to change. Is New York Getting Rid of the BitLicense? Following ongoing industry growth, cryptocurrencies have remained […]
Tag: new york
Novel Coronavirus Update: State of Emergency in New York State
The novel coronavirus crisis continues to create a lot of concerns worldwide. In the state of New York, a state of emergency has been declared as the situation worsens very quickly. All countries handling the novel coronavirus outbreak are in a frenzy. State of Emergency in New York State This […]
Eight Public Schools in New York Deploy Facial Recognition Technology
Facial recognition technology isn’t something most people will appreciate. Especially if this technology makes its way to schools in New York state. It appears that public schools in Lockport, NY, will undergo a major change. Facial Recognition in Public Schools Facial recognition technology has been deployed in these schools since […]
Tether and Bitfinex Accused of Covering up $850m Loss, Sparks a $10b Loss in One Hour
Tether is on the spotlight, again. This time, the largest stablecoin in the market is at the center of an alleged $850 million cover-up. The New York attorney general Letitia James obtained a court order yesterday enjoining iFinex Inc., the operators of Bitfinex as well as Tether Limited, accusing the […]
California State Legislature Passes Law Establishing a Blockchain Working Group
California’s state legislature has passed a bill which aims to form a working group on blockchain technology. According to the bill, the primary role of the working group will be to find out how blockchain can be introduced and used in government, schools, and other public institutions. It will also […]
New York State Prepares to Welcome Bitcoin Miners With Cheaper Electricity Rates
The state of New York doesn’t have the best of reputations when it comes to cryptocurrency. Its BitLicense requirement has made operating a crypto business very expensive and difficult. In an effort to turn things around, state regulators are now aiming to attract Bitcoin and altcoin miners. New York and […]
New Yorkers Can Trade Bitcoin Through the Square Cash App
The state of New York has been rather interesting to keep an eye on when it comes to Bitcoin and other cryptocurrencies. Given the state’s introduction of BitLicense, it has become evident that it wants to subject service providers to very strict regulations. Square, the well-known payments company, has received […]