Blog Archives

Plattsburgh, NY, Imposes 18-Month Moratorium On Bitcoin Mining

Posted on 16th March, 2018

Yesterday, the Plattsburgh, New York, city council adopted a measure that would prevent new cryptocurrency miners from taking advantage of the city’s low electricity rates for industrial businesses. As reported by Motherboard, the council unanimously approved the 18-month moratorium, following complaints about rapidly rising electricty prices from the city’s residents. Existing bitcoin mining operations in […]

First bitcoin ATM launched in Manhattan

Posted on 22nd August, 2014

It may seem strange, but while bitcoin ATMs are popping up all over London, Canada, Southeast Asia, Africa and other far-flung locales, the city that arguably serves as the financial capital of the world, New York City, didn’t have one. Until today, that is. TechCrunch reports that the first bitcoin ATM in NYC has launched […]

New York-based bitcoin exchange Coinsetter exits beta testing

Posted on 24th July, 2014

After nearly two years of testing and preparation, New York City-based bitcoin exchange Coinsetter is officially open for business. Although it isn’t the first U.S.-based bitcoin exchange by any means, Coinsetter is the first to be aimed firmly at the Wall Street Market. The exchange has been operating in beta since last November, working with […]

New York Department of Financial Services releases “BitLicense” rules draft

Posted on 17th July, 2014

The New York Department of Financial Services (NYDFN) published the draft version of their regulatory framework for bitcoin and other digital currencies this morning. The “BitLicense” rules are aimed largely at digital currency service providers, such as exchanges and hosted wallet companies, and would effectively exempt any company using a third-party bitcoin payment service from […]

NYDFS chief Ben Lawsky says virtual currency regulations will be released this month

Posted on 10th July, 2014

New York Department of Financial Services (NYDFS) superintendent Ben Lawsky announced via Twitter yesterday that his agency was facing some delays in the finalization of rules for digital currency-using companies in the state. Originally planned for debut around the first of the month, the much-anticipated regulations will provide guidelines for how the range of financial […]

Is itBit’s New York relocation an indicator of things to come?

Posted on 8th July, 2014

In a blog post published yesterday, Singapore-based bitcoin exchange itBit announced plans to relocate its main office halfway across the planet to New York City. The move appears to signal a growing sense that the safest setting for bitcoin-based trading is no longer the relatively permissive Southeast Asian city-state, but rather the soon-to-be regulated by […]

Report: Bitcoin Job Fair sees “overwhelming” turnout

Posted on 29th June, 2014

According to a report on CoinDesk, yesterday’s Bitcoin Job Fair in New York City’s Financial District drew a crowd of over 200 would-be bitcoin industry workers. The event was hosted at Bitcoin Center NYC, and was attended by 11 bitcoin-industry companies including Coinbase, BitPay, Coinbase and eGifter. Speaking with CoinDesk, organizer Alex Palantzas said that […]

Is NASDAQ creating a bitcoin exchange?

Posted on 25th June, 2014

The New York Post reported today that the NASDAQ, one of the largest stock exchanges in the world, is quietly building a bitcoin exchange. With regulators at the New York Department of Financial Services widely expected to publish new rules for bitcoin exchanges by the end of summer, the tech-friendly NASDAQ is in a strong […]

BitPay expands with new offices in New York and San Francisco

Posted on 19th March, 2014

Atlanta-based bitcoin payment processing company BitPay announced today that it will expand operations with new offices in New York and San Francisco. The company’s physical expansion into new markets has long been expected, and both cities are logical choices for new offices. San Francisco is a huge tech hub and home to many venture capital […]

Applications open for New York digital currency exchanges

Posted on 12th March, 2014

In a new statement from New York Superintendent of Financial Services, Benjamin M. Lawsky, the state is now officially accepting applications for digital currency exchanges. The new exchanges will be regulated under still-forming rules that Lawsky plans to have in place by this summer. Today’s public order is the next phase in NYDFS’s public inquiry […]