UPDATE (31st January, 11:34 GMT):

Read CoinDesk’s report on the first day of the hearing here.

Read CoinDesk’s report on the second day of the hearing here.

Read VC Fred Wilson’s reaction from attending the hearing.

Read a roundup of the community’s reaction to the hearings.

You can watch the full video from both days here.

Stay tuned to CoinDesk for more updates on developments, and be sure to follow us on Twitter for live tweets of bitcoin events.

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The New York Department of Financial Services is shortly to begin its hearing about bitcoin and other digital currencies.

Taking place in the 4th Floor Boardroom of 90 Church Street, New York, the hearing is set to begin at 11:30 (EST) today (28th January) and the second session will begin tomorrow at 10:00.

A live webcast of the hearings can be found here. Follow @CoinDesk on Twitter as we will also be live tweeting the event.

Tuesday 28th January

Panel 1

Title: The Investor Perspective: The Future of Virtual Currencies

Time: 11:30 – 13:30

Witnesses:

Barry Silbert , founder and CEO of SecondMarket and founder of the Bitcoin Investment Trust

, founder and CEO of SecondMarket and founder of the Bitcoin Investment Trust Jeremy Liew , partner, Lightspeed Venture Partners

, partner, Lightspeed Venture Partners Fred Wilson , partner, Union Square Ventures

, partner, Union Square Ventures Cameron and Tyler Winklevoss, principals, Winklevoss Capital Management

Panel 2

Title: Virtual Currencies and Regulation in an Evolving Landscape

Time: 14:30 – 16:30

Witnesses:

Charles Lee , creator of litecoin

, creator of litecoin Judie Rinearson , partner, Bryan Cave

, partner, Bryan Cave Carol Van Cleef , partner, Patton Boggs

, partner, Patton Boggs TBD Additional Witnesses

CoinDesk Day 1 Roundup

Wednesday 28th January

Panel 1

Title: Law Enforcement and Virtual Currencies

Time: 10:00 – 11:00

Witnesses:

Cyrus R. Vance, Jr , District Attorney of New York County

, District Attorney of New York County Richard B. Zabel, Deputy US Attorney for the Southern District of New York

Panel 2

Title: Virtual Currency Commerce and Consumer Protections

Time: 11:30 – 13:30

Witnesses:

Fred Ehrsam – co-founder, Coinbase

– co-founder, Coinbase Jeremy Allaire – founder and CEO, Circle Internet Financial

– founder and CEO, Circle Internet Financial TBD representative of Overstock.com

Panel 3

Title: The Academic View on Virtual Currencies

Time: 14:30 – 16:00

Witnesses:

Ed W. Felten , professor of computer science and public affairs, and director of the Center for Information Technology Policy, Princeton University

, professor of computer science and public affairs, and director of the Center for Information Technology Policy, Princeton University Susan Athey, professor of economics, Stanford University

CoinDesk Day 2 Roundup

For more information, read our post New York Hearings Open in Shrem’s Shadow.