NYDFS Authorizes Paxos Trust Company to Add Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumen

NYDFS Authorizes Paxos Trust Company to Add Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumen

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Despite a recent market downturn, cryptocurrencies continue to make regulatory progress. Starting June 14, Paxos Trust Company will make Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumens available for OTC trading on their itBit digital asset exchange. Early Bird Authorization by NYDFS Joining a short list of exchanges authorized to trade cryptocurrency, Paxos Trust Company was approved…

Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws

Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws

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In recent regulatory news, the United States Commodity Futures Trading Commission (CFTC) has rejected a Freedom of Information Act (FOIA) request regarding the subpoenas recently received by Bitfinex and Tether; the United States Securities and Exchanges (SEC) Chairman, Jay Clayton, has indicated that the regulator will not alter existing securities legislation to cater to cryptocurrencies.…

New York City Has Blockchain Fever with Millions In Ticket Sales For Crypto Conferences

New York City Has Blockchain Fever with Millions In Ticket Sales For Crypto Conferences

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Blockchain Week New York has seen a number of large scales cryptocurrency conferences flood the Big Apple with thousands of blockchain experts, entrepreneurs, and community members. With CoinDesk’s Consensus conference and the Ethereum Ethereal Summit drawing in crypto industry juggernauts from around the world, crypto traders are eagerly awaiting an anticipated market surge subsequent to…

This Week in Bitcoin: Ghost Scares Markets, Facebook Mulls Coin

This Week in Bitcoin: Ghost Scares Markets, Facebook Mulls Coin

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This week’s round-up features a colorful selection of bitcoin stories but we’ll start with the possible explanation for recent market dips. Most cryptocurrencies dropped in price over the period, following developments with depressing effect on traders. In Japan, Mt. Gox’s bitcoins stored in court ordered wallets have moved again, while in South Korea, the largest…