A New York federal court has denied bail to a man accused of orchestrating a violent kidnapping and ransom scheme involving Bitcoin. Prosecutors allege that the suspect, identified as 24-year-old Nicholas Truglia, played a central role in a plot to extort $1 million in Bitcoin from a victim through kidnapping ...
In a bold step to position New York City at the forefront of blockchain innovation, Mayor Eric Adams has unveiled plans to establish a digital advisory council that will help steer the city’s digital asset strategy. Speaking at the New York City Crypto Summit on Monday, Adams emphasized the city's ...
Animoca Brands is preparing for a public listing in New York, citing the current US administration’s more relaxed stance on cryptocurrency regulation as a strategic opportunity to access the world’s largest capital market. The company’s executive chair, Yat Siu, revealed that an announcement regarding the listing could come soon, with ...
Phantom is facing legal heat after a group of plaintiffs alleged that a security vulnerability in the platform allowed hackers to siphon over $500,000 worth of Wiener Doge memecoins. The lawsuit, filed in New York by attorney and Wiener Doge creator Thomas Liam Murphy alongside 13 others, accuses Phantom of ...
New York Attorney General Letitia James has called on U.S. congressional leaders to enforce stronger federal regulations on the cryptocurrency industry and to ban digital assets from retirement portfolios, citing the potential risks to investors, the economy, and national security. In a 14-page letter addressed to lawmakers on April 10, ...
New York State Assemblyman Clyde Vanel has introduced Assembly Bill AA7716, which urges the State Board of Elections to explore blockchain technology to protect voters' data and ensure the integrity of election results. The proposed bill aims to assess how blockchain can improve transparency and security within the electoral process. ...
The Supreme Court of New York is set to review the Libra (LIBRA) token scandal following a class-action lawsuit accusing its creators of misleading investors and siphoning over $100 million through deceptive liquidity pools. On March 17, Burwick Law filed a lawsuit against Kelsier Ventures, KIP Protocol, and Meteora, accusing ...
Block Inc. is in discussions with the New York State Department of Financial Services (NYDFS) to resolve regulatory concerns regarding its Bitcoin operations and anti-money laundering (AML) programs. According to its latest Form 10-K filing with the U.S. Securities and Exchange Commission (SEC), the parent company of Cash App and ...
New York State Senator James Sanders Jr. has introduced the New York State Cryptocurrency and Blockchain Study Act. The bill proposes forming a 17-member task force to evaluate the state's cryptocurrency and blockchain technology use. If passed, the task force will investigate key aspects of the crypto industry, including the ...
Ripple Labs had obtained money transmitter licenses in Texas and New York, marking a significant step forward in its operations in the United States. In its announcement on January 27, the blockchain firm noted that it recorded a “strong demand for real-time global payments from banks and crypto businesses” in ...
