City New York Financial News

13.12 / 22:05

regulation FTX Court Financial Indictment against SBF unsealed, contains 8 counts of financial and elections fraud

The indictment against Sam Bankman-Fried (SBF) was unsealed Dec. 13. The indictment, signed by U.S. Attorney for the Southern District of New York Damian Williams, is 14 pages long and containe eight counts.

13.12 / 18:39

Citi BTC Platform Bitcoin Moon Bitcoin Price Prediction as US Inflation CPI Data is Released – BTC to the Moon?

Bitcoin price prediction has turned bullish, with BTC surging more than 5% to the $18,000 level following the release of lower-than-expected US CPI figures. Inflation in the United States slowed to 0.1% from 0.4% in October, a positive development for the Federal Reserve's efforts to rein in the economy's runaway cost of living.

13.12 / 09:15

regulation SEC Court It's stacking up: SEC to file separate charges against FTX's SBF

The worst isn’t yet over for the disgraced founder of crypto exchange FTX, Sam Bankman-Fried.

12.12 / 21:35

regulation Bitcoin Payments NYC Mayor stands by Bitcoin pledge amid bear market, FTX: Report

Eric Adams, who became mayor of New York City in January, has reportedly stood behind a campaign pledge to make the city a crypto hub, despite a drop in the price of many tokens in 2022.

09.12 / 03:25

Adoption Lightning Network Media The New York Times What Paul Krugman gets wrong about crypto

In mid-November, as crypto markets reeled in the aftermath of FTX’s meltdown, Nobel Prize-winning economist Paul Krugman made use of his New York Times column to disparage crypto assets — again. Despite his unquestionable academic credentials, Krugman reiterated a common misunderstanding in his attempt to understand crypto assets — by conflating Bitcoin (BTC) with other cryptocurrencies.

08.12 / 00:23

regulation SEC Congress reserves Crypto consumer protection, proof of reserves bills introduced into US Congress

United States Congressman Ritchie Torres has introduced bills in the House of Representatives to prohibit misuse of customer funds by cryptocurrency exchanges and to require exchanges disclose proof of reserves to the Securities and Exchange Commission (SEC). The short bills are intended to supplement other legislation that is passed on cryptocurrency, Torres said.

07.12 / 13:01

cryptocurrency FTX Indian Lost Indian-origin investor, 27, says he lost $2 million in FTX crash

Evan Singh Luthra, an Indian-origin entrepreneur, is among those who have lost their money after the collapse of cryptocurrency exchange FTX last month. Luthra said he lost more than $2 million after FTX went bankrupt.

06.12 / 00:47

business lending Nexo leaving US, says country lacks clear regulations

The crypto borrowing and lending platform Nexo plans to gradually cease operations in the United States “over the coming months,” according to a blog post on Dec. 5. Nexo has stated that the decision to leave the U.S. is “regrettable but necessary.”

05.12 / 06:53

business FTX New York State Alameda ex-CEO Caroline Ellison spotted in New York, Twitter users claim

A recent photo of what appears to be former Alameda Research CEO Caroline Ellison in a Manhattan coffee shop in New York has been making the rounds on Twitter.

02.12 / 22:37

regulation Social Media Bankruptcy blast Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy

The founders of Three Arrows Capital, or 3AC, the Singapore-based crypto hedge fund with close ties to Terra Labs, have been spending more time engaging on social media and news outlets than dealing with its own liquidation, according to bankruptcy lawyers.

02.12 / 04:51

Law CFTC New York State Crypto Companies New York proposes to charge crypto companies for regulating them

The New York State Department of Financial Services (DFS) has submitted a proposed change in state laws that would allow it to charge licensed crypto companies for regulating them.

02.12 / 01:51

regulation fees BItlicense Costs NYDFS proposes regulation to assess costs of 'supervision and examination' for licensed crypto firms

The New York State Department of Financial Services, or NYDFS, has proposed a regulation which would allow the government department to assess supervisory costs from licensed crypto firms operating in the state.

01.12 / 09:03

business Blockchain FTX The New York Times BlackRock CEO: FTX Token caused downfall, but tech still revolutionary

The CEO of the worlds largest asset management firm, BlackRock, believes that the reason why FTX failed is because it created its own FTX Token (FTT), which was centralized and therefore at odds with the “whole foundation of what crypto is.”

01.12 / 09:03

business interview The New York Times Meta Ceo Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

Meta CEO Mark Zuckerberg is still hopeful about the company’s Metaverse plans regardless of the billions of dollars it’s sucking up from the company, claiming “someone has to build that.”

01.12 / 09:03

business The New York Times Bitcoin Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

Former FTX CEO Sam Bankman-Fried apologized or admitted failure at least 12 times during his appearance at the New York Times' DealBook Summit on Nov. 30.

30.11 / 14:07

Blockchain Provident Extreme Future Cryptonews Announced as Media Partner for Leading Crypto and Fintech Conferences in NYC – Benzinga’s Future of Crypto and Fintech Awards on December 7th and 8th

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

29.11 / 22:45

UPS Citi Pool services Million Dollar Luxe: The Greater Los Angeles Area’s Premier Destination for Luxury Rental Services

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

29.11 / 13:33

New York State First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28

The state of New York became the first one in the United States to impose a moratorium on proof-of-work (PoW) mining, albeit only for two years. Last week, New York governor Kathy Hochul signed the moratorium into a bill, prohibiting any new mining operations that aren’t based on 100% renewable energy. The renewal of licenses would also be frozen. In eight months, the anti-mining bill made its way from the first passing through the state Assembly to the governor’s pen.

29.11 / 03:13

Forbes Media The New York Times Fried From the NY Times to WaPo, the media is fawning over Bankman-Fried

Nearly three weeks have passed since FTX founder Sam “SBF” Bankman-Fried announced that his exchange was facing a deep liquidity crisis, was unable to find a last-minute bailout, and was forced to file for Chapter 11 bankruptcy. The insolvency impacted millions of investors, leaving many portfolios completely wiped out.

28.11 / 23:55

regulation FTX Congress hearing us house committee US House committee sets Dec. 13 date for FTX hearing

The United States House Financial Services Committee has announced it will be holding a hearing to investigate the events around the collapse of crypto exchange FTX.

27.11 / 00:59

business regulation POW New York's mayor seeks balance with regulators after PoW mining moratorium

New York City mayor Eric Adams is still focused on making New York a crypto hub, but he believes that goal can be combined with statewide efforts to curb environmental costs related to crypto mining, according to reports on Nov 25.

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