Skip to main content

NY Attorney General goes after Tether and Bitfinex for $850M cover-up


The New York State Attorney General (NYSAG) is reportedly building a case to sue cryptocurrency exchange, Bitfinex, and stablecoin, Tether. As court documents dated April 24 state, neither Bitfinex nor Tether are licensed to operate in the state of New York, and yet the Office of the Attorney General (OAG) believes New York-based investors did use the exchange to trade Tether. As a result, Bitfinex and Tether contravened US legislation designed to protect investors, including one which requires the firms to maintain relationships with banks that can “reliably hold the funds and process client deposits and withdrawals including banks that…

This story continues at The Next Web

from The Next Web http://bit.ly/2DuipzF
Labels:

Comments

Post a Comment

Popular posts from this blog

TNW Podcast: Boris comes over to co-host; Slack’s Cal Henderson talks European tech

 Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Andrii is joined by Boris Veldhuijzen van Zanten, co-founder, member of the board, and former CEO of TNW. The topics discussed include the jobs created by Dutch startups, giant state funding for energy projects, translations of the word ‘computer’, and a bunch of other things in between. In the interview section, we’re featuring a conversation with Cal Henderson, co-founder and… This story continues at The Next Web from The Next Web https://ift.tt/jUgcNFD
Post a Comment
Read more

The TickTime is a clever productivity gadget that just works

With so much of the world’s workforce shifting to remote labor, a whole lot of people are trying to figure out how to be productive at home for the first time. Well, I’ve been working from home for years, and I still haven’t totally figured out the puzzle. There are no shortage of apps designed to help you be more productive, but I’m not sure anything I’ve tried has had as much potential as a little gadget called the TickTime. The concept is simple but clever. If you’ve ever heard of the Pomodoro method, which asks you to work in… This story continues at The Next Web from The Next Web https://ift.tt/2ySFso4
Post a Comment
Read more

Hands-on: Aventon’s new Pace ebikes are sleek rides that won’t break the bank

Aventon is one of the most popular ebike companies in the US, and its Pace cruiser bikes have long been the company’s best-selling rides. Now the company is updating its Pace 350 and 500, both of which received major redesigns this week meant to make the bikes more comfortable and easier to use. I was able to spend a few days with the latest version of the Pace 500 Step-Through, and it gets a whole lot right for not a lot of money. First, some basic specs. Here are the numbers for the Pace 350: Price: $1,399 Motor: 36V, 350W Battery:… This story continues at The Next Web from The Next Web https://ift.tt/lPIx85u
Post a Comment
Read more