Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in New York reportedly sentenced two-year probation and six months of home detention to founder and ex-CEO Arthur Hayes. Arthur Hayes, along with the other BitMEX co-founders — Benjamin Delo and Samuel Reed — and the company’s first non-employee Gregory Dwyer, pleaded guilty to the Bank Secrecy Act (BSA) violations on Feb 24, admitting to “willfully failing to establish, implement and maintain an Anti-Money Laundering (AML) program at BitMEX.” Indictment against BitMEX co-founders and employees for violating BSA. Source: Justice.gov Pleading guilty to supporting money laundering is a punishable offense, often carrying a ...
New York’s biggest dance music venue is getting a fresh look for a stacked summer season. Avant Gardner‘s founder, owner and Chief Creative Officer, Billy Bildstein spearheaded an ambitious redesign of the already-stunning Brooklyn Mirage. “The Mirage was always meant to adapt and change, to appear and to disappear. Every new generation of the Mirage innovates with new custom methods of building modular structures, as well as with non-traditional use of the latest multi-media and entertainment technology available,” Bildstein said. “This year we’re introducing the third generation of our Mirage concept and while it will bring a lot of improvements and upgrades, and will set new standards on many levels, we found a way to keep the soul of the last generations alive.” ...
Last week, New York dominated crypto media headlines in very different ways. In New York State, the local Assembly voted in favor of the bill that would ban for two years any new mining operations that rely on proof-of-work (PoW) consensus mechanisms and use fossil fuel-generated energy. A temporary moratorium, which could be extended after the state’s Department of Environmental Conservation provides its assessments of the industry’s carbon footprint, marks the first major legislative attack on PoW mining on environmental grounds in the United States. The push mobilized the community — after digital asset advocacy groups rang the alarm on Twitter. Then, proponents of the ban had to endure three hours of a heated debate to narrowly pass the draft. There’s hope for an even tighter fig...
KATIE TAYLOR takes on Amanda Serrano defending her WBC, WBO, WBA-Super and IBF world titles in the women’s lightweight division in the early hours of Sunday morning. Read on to check out our betting tips and predictions for this super-fight at Madison Square Garden. Taylor puts all of her world championship belts as well as her undefeated record on the line against one of the best woman in recent times to ever lace up a pair of gloves. Both women are elite fighters, which can only mean a cracking contest between two elites. On paper, this is a real 50/50 fight. Best Free Bet Offers Sites Highlights Register Katie Taylor vs Amanda Serrano prediction It is almost impossible to predict a winner in this fight. Both women are at the top of their game and are two of the best fighters ever to lac...
New York State Senator Kevin Thomas introduced a new bill amendment request to establish certain offenses related to rug pulls and other frauds related to virtual token distribution, misuse of private keys and hidden interests in crypto projects. The bill drafted by Sen. Thomas, Senate Bill S8839, calls for defining, penalizing and criminalizing frauds specifically targeted at developers and projects that intend to dupe crypto investors. A snippet of Senate Bill S8839. Source: nysenate.gov Through the bill, Thomas seeks to provide prosecutors with a clear legal framework against crypto crimes that align with the spirit of the blockchain while combatting fraud. It calls for a law amendment that will imply rug pull charges on developers that sell “more than 10% of such tokens within fiv...
Pride Month is primed for a fresh dose of electronic music in New York. Planet Pride is a fusion of six New York pride parties: including Dreamland, WE Party, XLSIOR, ZeroSpace, Ty Tea and Love Prism. The one-day event is set to take place on June 25th at Brooklyn Mirage and will feature 12 hours of music and drag shows across three stages. And the lineup is no slouch, bringing the likes of Galantis, SG Lewis, LP Giobbi and a “surprise pop star,” among others. Planet Pride Lineup Scroll to Continue Recommended Articles Planet Pride attendees will also be partying with purpose. Organizers are giving back, directing some of the festival’s proceeds to Heritage of Pride as well as Giobbi’s acclaimed FEMME HOUSE organization. Giobbi was recently named EDM.com‘...
The cost of running a crypto business in New York is about to rise with the state government gearing up to require companies holding a BitLicense to pay assessment fees to ensure they’re complying with regulations. The rule was included in New York State’s FY2023 budget signed into law on April 9th by Governor Kathy Hochul giving the state’s Department Of Financial Services (DFS) a “new authority to collect supervisory costs from licensed virtual currency businesses,” according to a statement by the DFS. DFS Superintendent Adrienne Harris said the fees would bring virtual currency businesses in line with those already paid by institutions such as banking and insurance companies and added: “New York was the first to start licensing and supervising virtual currency companies, and we co...
Global dance music titan Tiësto will be making his Brooklyn Mirage debut in New York on July 14th and 15th. These two shows will be his biggest solo performances in the city in years, according to a press release shared with EDM.com. The Brooklyn Mirage is a spectacular outdoor space with a state-of-the-art sound system and three-dimensional video projection mapping technology. In 2021 alone, Tiësto amassed a staggering one billion Spotify streams and currently has over 70 million monthly listeners around the globe. His track “The Business” was also recently nominated for a Grammy and became certified Platinum in the U.S. with more than 1.3 billion streams to date. Tickets for the Brooklyn Mirage shows are currently on sale now and can be purchased here. Scroll to Con...