ChainCatcher news, according to CNN, as of 6 AM Eastern Time (7 PM Beijing Time), polling stations in 8 states, including New York, have opened. The states that are fully open include: Connecticut, New Jersey, New York, New Hampshire, and Virginia.The states that are not fully open include: Indiana and Kentucky (which open at 7 AM in Central Time areas), and Maine (where cities with populations under 500 open no later than 10 AM).

ChainCatcher news, according to official news, Coinbase Assets announced that FLR, INJ, SAND, and STX are now available for trading for users in New York State.Users in New York State can buy, sell, convert, send, receive, and store these assets through the Coinbase website as well as the iOS and Android applications.

ChainCatcher News: The well-known online trading platform Robinhood has announced that it has opened trading services for Uniswap (UNI), Stellar (XLM), and Tezos (XTZ) for residents of New York State. With this addition, users in New York can now buy and sell a total of 14 cryptocurrency assets on the Robinhood platform.

ChainCatcher news, according to Cointelegraph, New York Congressman Ritchie Torres believes that U.S. regulators should not attempt to ban election betting contracts, but should focus on regulating these contracts to prevent bad actors from gaining market share.In a recent letter to Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam, Ritchie Torres wrote: "I urge the Commission to consider developing a plan to regulate these markets, rather than preventing them from existing in regulated markets. If the CFTC collaborates with regulated registrants to enhance the integrity of elections and protect consumers from the dangers posed by the widespread adoption of illegal and unregulated election markets, it will be more effective."

ChainCatcher news, according to Cointelegraph, Web3 infrastructure provider Fireblocks has announced that it has obtained a cryptocurrency custody license in New York State, allowing it to custody cryptocurrencies for U.S. clients.Fireblocks stated in a press release: "As of this month, Fireblocks Trust Company, LLC has obtained a limited purpose trust company charter to engage in virtual currency business and will soon begin offering cold custody solutions powered by Fireblocks technology to U.S. clients."The New York Department of Financial Services stated that Fireblocks has joined the growing list of institutional crypto companies authorized by the New York Department of Financial Services to custody assets, which includes Coinbase Custody Trust, Fidelity Digital Asset Services, and PayPal Digital.

ChainCatcher news, Coinbase Asset announced on platform X that New York users can now trade five tokens: RENDER, HBAR, AKT, HNT, and APT through its website, as well as the Coinbase iOS and Android applications.

ChainCatcher news, according to CoinDesk, digital asset trader and liquidity provider Cumberland DRW announced on Monday that the New York State Department of Financial Services (NYDFS) has granted it a virtual currency license, BitLicense.It is reported that Cumberland is a subsidiary of the high-frequency trading firm DRW based in Chicago. Earlier this year, Fidelity chose Cumberland to trade Bitcoin for its Bitcoin spot ETF.

ChainCatcher news, according to The Block, the top financial regulator in New York State has stated that companies designated as "Virtual Currency Entities" (VCE) in New York must establish policies and procedures to promptly address customer service requests and complaints.Adrienne Harris, the Superintendent of the New York State Department of Financial Services, stated in a statement that consumers have the right to a transparent and timely complaint resolution and issue response process, regardless of which company or product is involved. This means that virtual currency companies licensed in New York must analyze the requests and complaints received on a quarterly basis and are subject to monitoring by the New York State Department of Financial Services.

ChainCatcher news, according to CNBC, New York Attorney General Letitia James announced a $2 billion settlement agreement with the cryptocurrency lending platform Genesis to compensate defrauded investors.

ChainCatcher news, according to CoinDesk, the New York State Department of Financial Services (NYDFS) announced today that it has reached a settlement with Gemini. As part of the settlement agreement, Gemini will pay $40 million to Genesis for its ongoing bankruptcy proceedings and $37 million in fines to NYDFS.Gemini "commits" to returning $1.1 billion to Gemini Earn program customers before Genesis completes its bankruptcy proceedings.Gemini stated on Twitter that if the bankruptcy court approves the agreement, the return of these funds would mean that customers will receive 100% of their assets. NYDFS stated that it reserves the right to sue Gemini if it fails to fulfill its obligations.

ChainCatcher news, Coinbase released the distribution of cryptocurrency usage and projects in New York State, stating that 19% of New Yorkers hold cryptocurrency, and about one-third agree that "cryptocurrency makes the financial system fairer." New York State has up to 692 blockchain organizations and over 800 founders. Since the beginning of 2020, more than half (52%) of Fortune 100 companies have adopted cryptocurrency, blockchain, or Web3-related initiatives.

ChainCatcher news, according to Watcher Guru, New York State has introduced a new bill that will accept stablecoins as a form of payment for bail. Additionally, the bill will amend the current criminal procedure law to include digital asset categories in the methods of bail payment. (Source link)

ChainCatcher news, according to CoinDesk, the New York Department of Financial Services (NYDFS) stated that the cryptocurrency exchange BitFlyer USA was fined $1.2 million by NYDFS for failing to meet the state's cybersecurity laws. NYDFS acknowledged BitFlyer USA's efforts to strengthen its cybersecurity. The exchange submitted a remediation plan to the regulators aimed at bringing BitFlyer USA into compliance with the state's cybersecurity laws by the end of the year. (Source link)

ChainCatcher news, the New York State Department of Financial Services (NYDFS) will require cryptocurrency companies to meet strict standards in capitalization, cybersecurity protection, and anti-money laundering protocols through a virtual currency assessment regulation to determine how crypto companies assess regulatory-related costs. Only companies holding a cryptocurrency license issued by NYDFS are subject to this regulation, and currently, only 22 companies hold that license. (Source link)

ChainCatcher news, CoinDesk executive editor nikhileshde pointed out that the specific allegations from the U.S. Department of Justice against KuCoin are that KuCoin offered some products in New York that violated securities laws, such as the interest-earning product KuCoin Earn. KuCoin has received a subpoena, but it has refused to respond to the subpoena and declined to appear in court, and a lawsuit is expected to arise soon. (source link)

According to ChainCatcher, as reported by CoinDesk, New York Attorney General Letitia James has filed a lawsuit against the cryptocurrency exchange KuCoin, accusing it of offering unregistered securities and commodities. This lawsuit is part of a "crackdown on unregistered crypto platforms" initiated by New York state regulators. The lawsuit also alleges that Ether, Luna, and TerraUSD are all classified as securities.Additionally, James believes that KuCoin is selling unregistered securities through its lending and staking product, KuCoin Earn. James is seeking a court order to stop KuCoin from operating in New York and to instruct KuCoin to implement geo-blocking based on IP addresses and GPS locations to prevent New York residents from accessing KuCoin's applications and services. (Source link)

ChainCatcher news, the New York State Department of Financial Services officially announced that the department has enhanced its ability to detect fraud and other illegal activities among entities engaged in virtual currency activities regulated by the state of New York through a new insider trading and market manipulation risk monitoring tool.The new feature aims to detect potential insider trading, market manipulation, and activities related to virtual currency wallet addresses associated with entities and applicants regulated by the department that are exposed or potentially exposed. The New York State Department of Financial Services will continue to use all its regulatory tools to stay in sync with the industry, develop data-driven policy decisions, and actively respond to the virtual currency market. (Source link)

ChainCatcher news, according to Axios, the New York State Department of Financial Services (NYDFS) is investigating the cryptocurrency exchange platform Gemini. FDIC officials stated that federal law prohibits anyone from implying that uninsured products are FDIC insured, or from intentionally misrepresenting the scope and manner of deposit insurance. While the FDIC language used by Gemini is misleading, it is currently unclear whether it has actually violated the law. (Source link)

ChainCatcher news, the New York State Common Retirement Fund and the State Teachers Retirement System of Ohio disclosed investments in FTX through the private equity and venture capital firm Thoma Bravo. A spokesperson for the New York State Common Retirement Fund confirmed that the fund did incur losses, but the amount is "very small." The State Teachers Retirement System of Ohio has not yet responded to requests for comments on the specific amount of losses, and Thoma Bravo also declined to comment on the matter.Previously, the Missouri State Employees Retirement System announced a write-down of $1.2 million on its FTX investment, which was made through a BlackRock mutual fund of up to $125 million. (buyoutsinsider)