What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
Lawmakers throw weight behind New York’s CRPTO act
Several New York lawmakers have thrown their weight behind New York’s new Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act. On May 5, New York Attorney General Letitia James revealed a proposed bill that would further extend the scope of regulatory authority over crypto firms. What is the CRPTO Act? According to James, the landmark…
Crypto blamed unfairly for Signature Bank’s liquidity crisis, says NY regulator
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
NYDFS slams Robinhood’s crypto unit with $30M fine
The New York State Department of Financial Services (NYDFS) imposed a $30 million fine on the crypto trading unit of Robinhood on Aug. 2. The fine is due to an alleged violation of cybersecurity and anti-money laundering regulations. According to the regulator, the Bank Secrecy Act and anti-money-laundering compliance programs at Robinhood were “insufficiently staffed.” Adrienne A….
New York urges crypto market crash victims to speak out
New York’s Attorney General Letitia James has urged victims of the recent crypto market crash to contact her office. The investor alert asked those who believe they have been deceived or locked out of their accounts by various crypto projects impacted by the recent market crash to contact the NYAG Investor Protection Bureau. James also…
Solana opens physical store in New York City
Blockchain network Solana (SOL) has opened its first physical store Solana Spaces in New York City, where it will sell cryptocurrency-related products, according to a press release shared with CryptoSlate. The store is located at The Shops, an upscale mall at Hudson Yard, Manhattan, and opens to the public on July 28. The store features…
New York senate passes bill that could ban crypto mining in the state
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Lawmakers in New York passed a bill that would ban new Proof-of-Work (PoW) mining operations from setting up shop in the state. The bill is now headed to the desk of New York’s governor Kathy Hochul, who will sign it into…
MiamiCoin raises regulatory concerns after value nosedives more than 90%
MiamiCoin, a cryptocurrency built for Miami, is down more than 90% since its launch in 2021, which has given rise to regulatory concerns, according to a Quartz report. MiamiCoin was developed by CityCoins — which is also working on creating cryptocurrencies for other cities in the U.S. like New York. The project received appreciation and…
New York Assembly passes bill to temporarily ban Bitcoin mining
The New York State Assembly has passed a mining moratorium bill to pause all crypto mining development for two years. The essence of the moratorium is to give the state enough time to examine the impact of mining in the state. Two-year moratorium on carbon-fueled mining Assemblymember Anna Kelles sponsored the Bill designed to prevent…
NYC mayor fulfills promise to receive paycheck in Bitcoin
New York City’s new mayor, Eric Adams, has taken a bold step to fulfill one of his promises as he is set to take his first paycheck in Bitcoin, according to available information. The Mayor, in November last year, had promised to take his first three paychecks in office as a Mayor in crypto. Mayor…