On February 14, the SEC announced a settlement with BlockFi Lending LLC (BlockFi), a crypto service provider, further showing the increased legal scrutiny in this area in terms of regulatory action, joining the Consumer Financial Protection Bureau (CFPB)’s settlement with… Read More ›
Industry Analysis & Updates
New York Bight Offshore Wind Development Procedures: BOEM Final Sale Notice v. Save Long Beach Island Matter
As it prepares for the New York Bight area offshore wind auction to be held on February 23, the Department of Interior’s Bureau of Ocean Energy Management (BOEM) issued a Final Sale Notice that outlines the procedures involved. The auction… Read More ›
Federal Cryptocurrency Case Challenges PoolTogether Inc.’s “No-Loss Lottery”
A case filed on November 30, 2021 in Federal Court in the Eastern District of New York, is making the assertion that the cryptocurrency based “no-loss lottery” of Pool Together, Inc. (PoolTogether) is unlawful. The case is one of the… Read More ›
New York Bight Case Brings Attention to Federal Offshore Wind Energy Development Procedures
As the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) moves forward with its offshore wind energy development efforts in the New York Bight, a federal case filed on January 10, calls attention to federal procedures used… Read More ›
New York State’s 2022 Offshore Wind Plans
On January 5, as part of her State of the State address, Governor Kathy Hochul announced the following additions to New York’s offshore wind efforts: A $500 million investment The 2022 launch of the New York State Energy Research and… Read More ›
NYS Announces Climate Goals to Reach 1 Million Electrified Homes and 1 Million Electrification-Ready Homes by 2030
On January 5, Governor Kathy Hochul announced the following climate-related goals as part of her State of the State address: Reaching 1 million electrified homes by 2030 Reaching 1 million electrification-ready homes by 2030 Requiring all new building construction to… Read More ›
Concluded Legal Action against LendUp Loans, LLC, Provides Guidance for Other Lending Startups
Relevant to NYC’s lending startups, on December 21, the Consumer Financial Protection Bureau (CFPB) announced an agreement with LendUp Loans, LLC (LendUp) under which the company would cease making any new loans and collecting on certain outstanding loans among other… Read More ›
The State of NYC’s Digital Economy in Q1 2021
INTRODUCTION In taking a look at the state of NYC’s digital economy covering the first quarter of 2021, the area that looms largest is not surprisingly the devastating effect the pandemic has had on the larger economy. Positive news and… Read More ›
Semiconductor News Roundup (Oct. 23, 2020)
HUAWEI BEGINS TO FACE DIFFICULTIES DUE TO U.S. CHIP BAN Huawei released its business results today, for the first three quarters of the year reporting a 9.9% increase in revenue over the same period last year. However, it noted that… Read More ›
A Housing Innovation Known as the ADU is Catching on in Fast Growing Areas of the Country – Will NYC Utilize Them?
NYC’s critical issues surrounding affordable housing persist, with there even being talk of former Deputy Mayor for Housing, Alicia Glen, starting a real estate venture that may include a focus on this area. A housing innovation known as an Accessory… Read More ›