News list for " jersey"
According to BitcoinTreasuries.NET monitoring, the New Jersey pension fund with a size of 95 billion US dollars increased its holdings of MicroStrategy (MSTR) shares, raising its holdings to 16 million US dollars.
Under a five-year agreement with Balcony, a land title blockchain company, Bergen County, New Jersey, will migrate 370,000 real estate title documents, representing about $240 billion in real estate assets, onto a blockchain ledger. The system, powered by Avalanche, will serve nearly one million residents in the county's 70 municipalities.
According to Bloomberg, some Democratic candidates in the New Jersey gubernatorial race are embracing cryptocurrencies, a strategy that helped Trump run for US president. At least half of the six Democratic candidates have supported cryptocurrency-related work, including US Congressman Mikie Sherrill, who led some polls in the primary. Sherrill publicly stated: "The crypto economy is not going away, we need to...
Prediction market Kalshi sued gaming regulators in Nevada and New Jersey after receiving cease-and-desist orders barring it from offering contracts related to sporting events in both states, arguing that as an exchange regulated by the Commodity Futures Trading Commission, it is subject to exclusive federal regulation and that the Commodity Exchange Act takes precedence over state law.
According to Cointelegraph, Coinbase shareholder Wenduo Guo filed a lawsuit in New Jersey federal court on February 18, accusing the cryptocurrency exchange and its executives of violating securities laws by allegedly withholding information related to bankruptcy risks from investors. The lawsuit alleges that Coinbase and its management did not disclose the risk that user assets could be treated as bankruptcy property, which would make retail users unsecured creditors. The indictment also states...
Donald Trump will hold a news conference in New Jersey on Thursday.
New Jersey Attorney General Matthew J. Platkin, the Department of Consumer Affairs, and the New Jersey Securities Authority announced Monday that investors in the state should immediately withdraw funds from crypto trading and lending platform Abra. The move follows investigations in multiple US states into the company's sale of interest-bearing accounts, which allegedly violated state securities laws. Cari Fais, acting director of the Department of Consumer Affairs, said: "The agreement announc...
Steven Fulop, mayor of Jersey City and candidate for governor of New Jersey, said municipal pension funds are investing in bitcoin ETFs as an "inflation hedge", noting that the investment is a hedge against inflation and that he personally holds ETH in addition to BTC. Fulop said of the rising cost of living in the state and across the country: "The last few years have been very, very tough and it seems to be getting worse rather than worse.
Bankrupt cryptocurrency lending firm BlockFi has received approval from the U.S. Bankruptcy Court of New Jersey to repay 100% of its customers' funds. The U.S. Bankruptcy Court for the District of New Jersey approved the plan on July 26, and the company expects asset distribution for U.S. customers to begin within 90 days, but international customers may face a longer wait. The bankrupt crypto lending firm is seeking court approval to monetize a $874.50 million claim against FTX for a much highe...
