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

    Bittrex Exchange pulls out of New York, locking out users

    We’d buy a round to toast the end of an era, but we don’t have enough money left

    April 16, 2019 /

    Bittrex announced this week that New York State users will have to close their accounts by June 9, 2018 due to regulatory issues. “We regret to notify you that Bittrex will be ceasing all operations for New York residents,” Bittrex said via email on April 10, 2019. “All trading for New York customers will be halted on April 11, 2019 at close of business (COB) with all account access disabled on June 9, 2019 at COB.”

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  • The New York State Legislature
    The New York State Legislature in Albany, where nothing good usually happens (via Pixabay).
    Cryptocurrencies,  United States

    Law raising red flags on crypto exchanges now targeted for repeal

    Yes, there’s a tie-in to Tether and Bitfinex

    March 20, 2018 /

    One New York lawmaker wants to undo a big part of the state’s regulation of cryptocurrency exchanges. Yet that very regulation may have raised a red flag about some of the world’s largest—and most controversial—bitcoin exchanges three years ago. Assemblyman Ron Kim, a Democrat from Queens, introduced bill A9899 that he touts as replacing the state’s “BitLicense” rules that were put in place three years ago. It’s not the first time such a proposal has been bandied about the legislature. Last month, Sen. Jesse Hamilton and Sen. David Carlucci, Democrats from Brooklyn and Rockland County respectively, also discussed changing regulations. But now a bill is in committee, where it faces the…

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  • Plattsburgh, N.Y.
    The wild downtown of Plattsburgh, N.Y. (via Plattsburgh BTC)
    Bitcoin,  Cryptocurrencies,  Innovators,  United States

    City becomes first in U.S. to ban new crypto mining

    But local miners aren’t packing up just yet

    March 16, 2018 /

    As state regulators grapple with crypto mining’s energy drain, one upstate New York city is taking matters into its own hands by making it illegal for new miners to come to town.   Plattsburgh’s city council unanimously voted late Thursday night for an 18-month moratorium on new cryptocurrency mining operations in the city. This makes them the first city in the U.S. to pass such an ordinance. Miners were first attracted to the small city near the Canadian border on the western bank of Lake Champlain for its relatively cheap electricity. But locals weren’t happy when their home electric bills shot up this winter. The ban only halts on new…

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