New York News

Tether Lawyers Says Stablecoin is 74% Backed
Tether Lawyers Says Stablecoin is 74% Backed
30 April 2019, 16:44
Stuart Hogner, the general counsel representing the stablecoin company, Tether Ltd and its parent company, Bitfinex, has confirmed that fiat or its equivalent back only 74% of existing USDT.
$2.8 Million Case Marks New York’s First Crypto Money Laundering
$2.8 Million Case Marks New York’s First Crypto Money Laundering
24 April 2019, 17:29

According to a Wednesday press release by the Manhattan District Attorney’s Office, Callaway Crain, and Mark Sanchez, both New York residents pleaded guilty to selling controlled substances and laundering the proceeds through Bitcoin and Western Union payments.

CabbageTech’s McDonnell May Face 20 Years Imprisonment for Crypto Fraud
CabbageTech’s McDonnell May Face 20 Years Imprisonment for Crypto Fraud
27 March 2019, 23:06
The DoJ alleges that Patrick McDonnell defrauded ten investors of at least $194,000 in cash, 4.41 Bitcoin ($17,688), 206 Litecoin ($12,500), 620 Ethereum Classic ($2994), and 1,342,634 ($9398) Verge
MCash To Pay Back $6 Million To Chinese Investor
MCash To Pay Back $6 Million To Chinese Investor
07 February 2019, 11:15
Antony Liu and Mengxian Zhang, the men behind MCash token, has been found guilty of duping by a New York district court and ordered to pay $8 Million to Lijun Sun.
New York Regulators Approve Bitcoin ATMs
New York Regulators Approve Bitcoin ATMs
02 November 2018, 08:21

A virtual currency operating license has been given to Bitcoin ATM operator, Coinsource Inc. by the New York State Department of Financial Services (NYDFS) according to a Nov 1 press release.