25.06.2021

Coinbase Rolls Out Stellar Lumens (XLM) Trading in New York State

The exchange made the announcement in a tweet sent by its official Twitter account on Sept. 25. New York state residents can now trade, store, send and receive Stellar Lumens using both the service’s official website and mobile app. 

Major United States-based cryptocurrency exchange Coinbase that it made Stellar’s Lumens (XLM) trading available also to those users who reside in New York.

The company announced:

“Stellar Lumens (XLM) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send, receive, or store XLM on Coinbase  or using our iOS and Android apps.”

New York’s stringent crypto regulation

The state of New York is known for stringent cryptocurrency regulation after the introduction of the BitLicense in August 2015.

The license requirement has driven various crypto companies to leave the state and stop offering services to New York residents, which some referred to as “BitExodus.”

As Cointelegraph recently reported, Coinbase is considering adding support for Telegram’s Gram and 16 additional digital assets. That being said, the exchange admitted that the trading of those assets may not start everywhere at the same time – suggesting that places like New York may once again have to wait. Coinbase stated:

“We will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations.”

Tron’s Justin Sun to Reschedule Warren Buffett Lunch ‘Very Soon’

Tron founder and CEO, Justin Sun, says he’ll reschedule his charity lunch with Berkshire Hathaway chairman and billionaire Warren Buffett “very soon.”

The CEO announced the news during a live stream on Tuesday, Sept. 24.

An open invitation to the leader of the free world

As reported, Sun had won a charity auction on eBay in June to have lunch with Buffett and his own choice of guests, with a winning bid of $4,567,888 – the highest bid in the event’s 20-year history.

Yet just days ahead of the much-anticipated event, the Tron CEO was forced to postpone due to medical reasons. Confirmed guests had included Circle CEO Jeremy Allaire and Litecoin (LTC) creator Charlie Lee.

Ahead of its postponing, Sun had notably even extended an invitation to United States President Donald Trump, following the president’s scathing remarks about cryptocurrencies on social media. Sun had appealed:

“Mr. President, you are misled by fake news. #Bitcoin & #Blockchain happens to be the best chance for US! I’d love to invite you to have lunch with crypto leaders along with @WarrenBuffett on July 25. I guarantee you after this lunch, nobody will know crypto more than you!”

The president had not responded publicly to Sun’s invitation.

A vivid imagination

Buffett – who has earned the moniker of the “Oracle of Omaha” for his ostensibly astute investment picks – is notorious for his by-now ritual opprobrium toward Bitcoin.

Having memorably characterized bitcoin as “probably rat poison squared” in 2018, this year saw yet further metaphorical inventions, including the remark that:

“It Bitcoin doesn’t do anything. It just sits there. It’s like a seashell or something, and that is not an investment to me.”

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