City New York Financial News

03.01 / 23:01

Law regulation crimes FTX Fried Sam NOT Sam Bankman-Fried enters not guilty plea for all counts in federal court

Former FTX chief executive officer Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing related to the collapse of the crypto exchange including wire fraud, securities fraud, and violations of campaign finance laws.

02.01 / 20:29

Blockchain World Economic Forum Cryptography World Economic Forum Says Crypto and Blockchain Technologies Will Continue to be an "Integral" Part of Modern Economy

The World Economic Forum (WEF) believes the technology underpinning cryptocurrencies and digital assets will continue to be an "integral" part of the modern economy.

29.12 / 14:01

FTX SBF Fried Sam Sam Bankman-Fried to Enter Plea in Case Alleging Fraud and Embezzlement at FTX Cryptocurrency Exchange

In another installment of Sam Bankman-Fried’s legal woes in the aftermath of the collapse of crypto exchange FTX, the platform’s co-founder is now expected to enter a plea next week related to criminal charges he defrauded investors and stole billions of dollars in customer funds.

28.12 / 13:05

FTX Ftx Trial Fried Sam Sam Bankman-Fried Spent Several Hours with 'The Big Short' Writer Michael Lewis While Under House Arrest

Michael Lewis, author of the bestseller book The Big Short, has met with Sam Bankman-Fried, the disgraced founder and former CEO of the collapsed crypto exchange FTX, at the California home where he is holed up awaiting trial.

28.12 / 04:05

business Police Court Maybe it WAS illegal: Mango Markets exploiter arrested on fraud charges

The crypto trader behind the $110 million exploit of decentralized exchange Mango Markets has been arrested in Puerto Rico — and charged with market manipulation and fraud.

27.12 / 08:59

business Twitter The New York Times Fried Community slams NYT for its latest 'sympathy piece' on FTX's Bankman-Fried

The online community including some cryptocurrency figures has condemned the latest so-called “sympathy” articles from The New York Times — written about FTX founder Sam Bankman-Fried.

24.12 / 13:41

business Law regulation FTX paid $12M retainer to a New York law firm before bankruptcy filing

Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its fees and expenses amid Chapter 11 bankruptcy proceedings, shows a court filing dated Dec. 21.

24.12 / 08:51

business Court Judge pulls out of SBF-FTX case citing husband's law firm's advisory link

The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge Ronnie Abrams withdrew her participation from the case. The United States District Court for the Southern District of New York rescued itself from the FTX case after revealing that a law firm — which employs Abrams’ husband as a partner — had advised the crypto exchange in 2021.

23.12 / 23:03

UPS Twitter FTX Fried Sam FTX Co-Founder Sam Bankman-Fried Posts $250 Million Bond, Will Remain Under House Arrest – Where is the Money From?

Disgraced former FTX CEO Sam Bankman-Fried has been released from jail after posting a $250m bond in a New York court.

23.12 / 00:33

business Investments SEC Deal Crypto exchange Bullish announces termination of SPAC deal, citing SEC practices

Bullish, a crypto firm that came to public attention in July 2021 for seemingly being unclear on what products or services it was offering, has announced the termination of a deal aimed at taking the company public.

22.12 / 20:55

Twitter Cooper FTX Fried Sam Official: Sam Bankman-Fried Enters FBI Custody and Set to Appear in Front of US Judge as Associates Ellison and Wang Turn on Him

Sam Bankman-Fried (SBF), the disgraced founder of crypto exchange FTX, has been extradited to the United States and is set to appear before a judge on Thursday.

22.12 / 15:49

business FTX community FTX, Alameda execs plead guilty to fraud charges: Community responds

In the newest update to the FTX saga, former Alameda Research CEO Caroline Ellison and former FTX co-founder Gary Wang plead guilty to fraud charges and are currently helping with the investigation of former FTX CEO Sam Bankman-Fried. As the news broke, crypto community members shared their thoughts on the new development.

22.12 / 06:25

regulation FTX Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges

Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to federal fraud charges and are cooperating with prosecutors as part of the criminal case against the former CEO of FTX, Sam Bankman-Fried.

21.12 / 13:25

FTX Ftx Trial Fried Sam Extradition Extradition Papers Signed: Sam Bankman-Fried, Founder of FTX, to Return to US for Charges

Sam Bankman-Fried, the disgraced founder of collapsed crypto exchange FTX, has signed extradition papers, agreeing to be extradited to the United States.

21.12 / 07:51

business cryptocurrency FTX Crash Deal Fried Sam bail Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail Deal

Sam Bankman-Fried’s legal team is discussing a deal with federal prosecutors that could allow the disgraced cryptocurrency mogul to be released on bail when he is extradited to the United States, according to three people with knowledge of the matter.

21.12 / 03:55

business Law Court Extradition SBF signs extradition papers, set to return to face charges in the US

Sam Bankman-Fried, the jailed founder of the FTX cryptocurrency exchange has reportedly signed papers on Dec. 20 waiving his extradition hearing in the Bahamasand see him flown to the United States to face multiple criminal charges.

18.12 / 09:15

business Investments Donations investigation Elections SBF prosecutors reportedly dig into donations made to top US Democrats

The prosecutors investigating former FTX CEO Sam Bankman-Fried (SBF) have reportedly reached out to top members of the Democratic Party demanding information about the political donations made by the entrepreneur.

18.12 / 05:13

cryptocurrency Fraud FTX Fried Sam Extradition Sam Bankman-Fried to reverse decision on contesting extradition

Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday.

16.12 / 04:13

COST Hedge fund talent picks Middle East over London and New York, headhunters say

Amid the rising cost of living and higher taxes, top hedge fund talent is moving away from financial centres like London and New York to the UAE, Saudi Arabia, Kuwait, and Bahrain, according to headhunters.

15.12 / 23:39

regulation Banks BItlicense guidance New York State issues guidance for banks seeking to engage in activities with crypto

The New York state Department of Financial Services (DFS) released guidance on Dec. 15 for regulated banks seeking to engage in activities with virtual currency. The guidance, which took effect immediately, describes the application process and “summarizes the types of information the Department considers relevant” for obtaining the agency’s approval.

15.12 / 19:29

crypto activities New York regulator tells banks to get prior approval for crypto activities

The DFS will then assess the plan based on six broad categories: business plan; risk management; corporate governance and oversight; consumer protection; financials; and legal and regulatory analysis.

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