City New York Financial News

30.06 / 10:45

COST Software Puzzle Yellow Wordle #741: Hints, answer to today's word puzzle for June 30

Wordle has brought in many other Wordle-inspired games like Dordle, Heardle, Quordle, etc. Wordle is available on The New York Times Website and each day we get a new puzzle to solve where you have to decipher the word in six attempts just by typing in the letters.

29.06 / 20:19

CFTC Fine Ex-Trader Ackerman Ordered to Pay $54 Million Fine for Crypto Fraud

The former New York Stock Exchange broker Micahel Ackerman has been ordered to pay $54 million in penalties by a federal court for running a crypto fraud, as per a release from the Commodity Futures Trading Commission (CFTC).

24.06 / 06:31

Reuters Report Bloomberg Media Financial Times The New York Times Customers Mainstream media challenge decision to protect FTX customers: Report

The four major media outlets advocating for the release of FTX customer names have opposed the decision to seal them. Meanwhile, a crypto lawyer told Cointelegraph that “there is clear evidence” of potential harm if the names were to be disclosed.

23.06 / 10:23

Provident Digital Tether Assurant Strategy Align Coindesk information reserves Tether Emphasizes Commitment to Transparency, Releases Reserves Information in Response to CoinDesk's FOIL Request

Tether has reaffirmed its commitment to transparency and announced its completion of reporting obligations to the New York Attorney General's Office. Under the terms of its 2021 settlement, Tether fulfilled its quarterly reporting requirements for a period of two years. There have been no indications of incomplete disclosures or inadequate reserves during this time, cementing Tether's position as a reliable stablecoin. Furthermore, Tether proudly boasts its largest market cap in history, highlighting its strengthened position within the market.

23.06 / 06:09

business Blockchain Digital Asset stock exchange Stock Investment chess Blame game rages over ASX’s failed CHESS system blockchain upgrade

Digital Asset — the New York firm responsible for Australian Securities Exchange’s now-abandoned blockchain-based clearing system — has blamed the securities exchange for dropping its blockchain plans.

17.06 / 15:21

Provident Kucoin CEO Platform Action CoinEx New York Attorney General Recovers $1.7 Million from CoinEx for Operating Illegally

New York Attorney General Letitia James has successfully recovered over $1.7 million from CoinEx (COINEX) following a lawsuit against the cryptocurrency platform. CoinEx was found to be operating without the necessary registration as a securities and commodities broker-dealer and falsely representing itself as a crypto exchange. The resolution of the lawsuit requires CoinEx to refund more than $1.1 million to New York investors and pay over $600,000 in penalties to the state.

17.06 / 09:17

business Blockchain Tether controversy compliance Tether responds to account deactivation controversy, raises compliance checks

Tether, the company behind market-leading stablecoin Tether (USDT), has addressed concerns regarding its operational decisions.

16.06 / 18:39

Tether reserves Tether Counted Securities Issued by Chinese Firms Among Its Reserves: Bloomberg News

Tether Holdings Ltd. at one point counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, according to Bloomberg News.

16.06 / 16:11

FIVE Aware CEO Southern Fried Sam FTX Founder Sam Bankman Fried's Attempt to Dismiss Charges Stumbles in Court

Sam Bankman-Fried (SBF), the founder and former CEO of the bankrupt crypto exchange FTX, made an effort to have several charges against him dismissed in court.

16.06 / 05:28

CoinEx settlement CoinEx Has To Refund Thousands as Part of Settlement With New York Attorney General Letitia James

Cryptocurrency firm CoinEx will have to refund thousands of New York investors more than $1.7 million and pay penalties to the state as a result of settlement with New York Attorney General Letitia James.

16.06 / 03:56

regulation Bitcoin Regulation Bankruptcy Celsius Bitcoin reorganization Celsius seeks to convert alts to Bitcoin and Ether under reorganization plan

Defunct crypto lender Celsius has revised its bankruptcy filing, awaiting approval from a bankruptcy court in New York after a successful acquisition deal with the Fahrenheit crypto consortium. The crypto lender filed its reorganization plan on June 15.

16.06 / 02:30

business regulation CoinEx New York bans CoinEx exchange, seizes $1.7M in crypto assets

Hong Kong-based crypto exchange CoinEx has been banned from operating in New York by Attorney General Letitia James. According to an announcement on June 15, over $1.7 million worth of the exchange's funds were seized for allegedly failing to register as a securities and commodities brokerage.

14.06 / 01:12

UPS US law firms on London hiring push: ‘It’s an easier market than New York’

US law firms are set to double down on their investment in London which has seen New York’s legal elite hire snap up leading partner talent from UK rivals, according to London’s top lawyers

09.06 / 19:23

regulation SEC solana SOL lawsuits NOT SOL is 'Not a Security', Insists Solana Foundation Amid SEC Lawsuits

The Solana network’s native token SOL is “not a security,” despite the Securities and Exchange Commission (SEC) claiming otherwise, the Solana Foundation has said.

08.06 / 12:29

Morgan Stanley M&A chair Kindler joins New York law firm Paul Weiss

Morgan Stanley’s global chair of M&A Robert Kindler is leaving the bank to join law firm Paul Weiss Rifkind Wharton & Garrison in New York.

08.06 / 09:05

NFT defi US federal court dismisses lawsuit against DeFi platform PoolTogether

A United States federal judge has recently dismissed the lawsuit against the decentralized finance (DeFi) platform PoolTogether. According to the ruling, the federal court system is not the correct place to air out concerns against the DeFi startup.

08.06 / 06:09

business Law Binance regulation coinbase us government Bankruptcy lawsuits Meet the judges that will preside over Coinbase and Binance’s SEC lawsuits

Court filings have revealed the names of the two United States District Court Judges that will preside over the Coinbase and Binance lawsuits brought against them by the U.S. Securities and Exchange Commission.

07.06 / 10:53

Morgan Stanley M&A chair Kindler joins New York law firm Paul Weiss

Morgan Stanley’s global chair of M&A Robert Kindler is leaving the bank to join law firm Paul Weiss Rifkind Wharton & Garrison in New York.

05.06 / 08:24

Law regulation FTX Court Bankruptcy FTX debtors FTX debtors object Genesis' 'critical' claim estimate of '$0.00'

Just a month after bankrupt cryptocurrency exchange FTX was seeking $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to nothing.

02.06 / 08:25

Law regulation Digital Currency Group DCG asks judge to consolidate class-action suits to avoid conflicting decisions

Venture capital firm the Digital Currency Group (DCG) and its CEO Barry Silbert have requested to consolidate two class-action lawsuits over alleged losses during the crypto winter.

31.05 / 17:35

Government regulation Signature Bank Former House Rep blames industry outsiders for associating crypto with bank's failure

Barney Frank, a former member of the United States House of Representatives and board member of Signature Bank, has pointed fingers at certain members of the public in the wake of the bank’s collapse.

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