new york

New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud

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On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, including…

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

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A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two…

Bitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal

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The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 million, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the prospectus disclosing information, the New York-based Greenidge conducted a sales agreement with the investment…

More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo

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Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation of securities…

Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium

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The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the “denial of permits for the Greenidge Generating Station and the Fortistar…