• Trading crypto in New York isn't as easy as this picture makes it seem (composite image via Shutterstock).
    Tether

    NY Attorney General Letitia James: Bitfinex, Tether lied about cutting off New Yorkers

    A filing in her fraud suit over Tether’s $625 million loan said Bitfinex did business in New York as recently as May

    Cryptocurrency exchange Bitfinex did business with New York-based customers and vendors as recently as this May, according to a filing made in State Supreme Court by the office of New York Attorney General Letitia James.

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    Alt coins,  Bitcoin,  Innovators,  Media,  United States

    Must-reads for Nov. 12, 2018: BitMEX pushes back, Galaxy’s lost in space, and CFTC punishes fraud

    These are the crypto stories you should be following today

    BitMEX CEO defends the billion-dollar crypto exchange: ‘We don’t trade against customers’ (Yahoo Finance UK) Arthur Hayes, CEO of BitMEX, is countering allegations the world’s largest crypto futures exchange is trading against customers, giving preferential access to favored customers when servers go down, and makes money with its insurance fund (which appears as an asset on its balance sheet). He claims their trading desk is treated like any other customer, that BitMEX is working on its server problems, and that the insurance fund—which hasn’t been used in nearly two years—still serves to benefit its customers in times of volatility.   Execs are fleeing Mike Novogratz’s Galaxy Digital as the firm…

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    Alt coins,  Asia & Australia,  Bitcoin,  Cryptocurrencies,  Ethereum,  Litecoin,  Media

    Must-reads for Nov. 6, 2018: Bitfury’s billion, crypto’s energy costs, and Pomp get dumped

    These are the crypto stories you should be following today

    Billionaire Novogratz Invests in Cryptocurrency Firm Bitfury (Bloomberg) Mike Novogratz’s Galaxy Digital has joined Naver Group of Korea in an $80 million round of funding for Bitfury. The company “sells gear used to mine cryptocurrencies and develops blockchain technology for clients including the Ukrainian government,” notes Bloomberg’s Ruben Munsterman and Ruth David. That puts its valuation above $1 billion. “If it conducts the IPO in the next two years, Bitfury will seek a valuation of $3 billion to $5 billion,” concluded Munsterman and David.   Quantification of energy and carbon costs for mining cryptocurrencies (Nature) Another day, another Nature study on the impact of cryptocurrency mining. A week ago, the…