New York

It is indeed a historic turning point for blockchain and major cryptocurrencies, as the New York Exchange (NYSE) opens its doors to Bitcoin, the world’s leading digital currency.

Cloud-based instant messaging and voice over IP service Telegram considers whether to roll out a cryptocurrency dubbed Gram with high determinations and a snug limit of two months. However, for this project to thrive, the company must fulfil what regulators need before October ends, a thing that looks challenging, The New York Times reports.

The New York (NY) Supreme Court will modify the injunction against cryptocurrency exchange Bitfinex because it is vague and unclear. The injunction against the company’s digital currency business, was obtained by NYAG. The court made a ruling that Tether should not loan cryptocurrencies to the exchange, unless it is a standard recognized way of doing its commercial activities.

An official announcement from the office of the New York (NY) State Attorney General has revealed that the responsible authority is carrying out thorough investigations into iFinex, the firm behind stablecoin Tether and cryptocurrency exchange Bitfinex, in a purported $850 million fraud case.

Regardless of the unswerving rejections of Exchange-Traded Fund (ETF) applications set forth up to the present time, optimism is still high amongst some cryptocurrency users, that the imminent ETF decision may eventually be the one that is approved. That was until Jay Clayton, the U.S. Securities and Exchange Commission (SEC) chairman reassured those hopes again when he presented in a speech at Coindesk’s Consensus Invest Conference in New York.

Governor Andrew Cuomo officially signed a bill on Friday, December 21, 2018, to institute a ‘Cryptocurrency Task Force’ for New York, according to a January 3, 2019, Facebook post by Clyde Vanel, an Assembly Member.

A new and fresh plot begins in the soap opera of the ETFs on Bitcoin with the sending of an official letter from the SEC to NYSE heads. The letter communicates to the concerned people in control of the New York market which the commissioners have demanded studies in depth and the sentiment sent out this very week could be revised and reviewed.

There is hope that the US Securities and Exchange Commission (SEC) might change its decision to deny nine Bitcoin-related Exchange Traded Funds (ETFs).  Brent Fields, the SEC secretary revealed in a letter to the New York Stock Exchange (NYSE) that the commission chairman and commissioners are considering whether to review and revise the action authorized and delegated to its staff, adding that until that time the current decision is pertinent.

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