Blockchain and Cryptocurrency
New York AG Secures Over $5M from Crypto Platform for Alleged Promotion of Fraudulent Investment Scheme
By Richard B. Newman |
On April 29, 2026, the Office of the New York Attorney General announced that it has secured more than $5 million from the cryptocurrency platform Uphold HQ, Inc. (Uphold) for allegedly misleading investors and promoting a fraudulent cryptocurrency investment scheme purportedly orchestrated by Cred, LLC (Cred) and it’s Chief Executive Officer. According to the OAG, an…
Bitcoin Wallet Provider Receives BitLicense from the State of New York
By Richard B. Newman |
Despite its stringent laws pertaining to the crypto sector, reports are that cryptocurrency wallet and vault Xapo, Inc. has received a ‘BitLicense’ from the New York Department of Financial Services. DFS has also authorized Paxos Trust Company LLC, f/k/a itBit Trust Company, to offer exchange and custody services for Ether, Litecoin, Stellar Lumens and Bitcoin…