City New York Financial News

24.11 / 12:39

regulation crypto ban New York Attorney General Urges Congress to Prohibit Retirement Investments in Crypto Assets

New York Attorney General Letitia Games has urged lawmakers to ban the use of crypto assets as an investment option for retirement accounts.

24.11 / 06:47

business Blockchain Twitter The New York Times Fried events Sam Sam Bankman-Fried still speaking at events and the community is furious

Former FTX CEO Sam Bankman-Fried has once again attracted the ire of the crypto community — this time over his slated appearance at an upcoming New York City conference on November 30.

23.11 / 22:55

BTC/USD Bitcoin Price Prediction Bitcoin blast fomc minutes Bitcoin Price Prediction as FOMC Minutes to Blast BTC Into Bullish Territory

Bitcoin failed to maintain its upward trend on November 23 and fell below $16,650. However, following the release of dovish FOMC meeting minutes, Bitcoin is gaining bullish momentum.

23.11 / 17:21

Digital New York puts brakes on crypto mining

New York has become the first state to restrict cryptocurrency mining after Governor Kathy Hochul on 22 November signed a two-year moratorium, calling the move necessary to help protect the environment.

23.11 / 12:25

Adoption Congress New York AG pushes prohibition of crypto purchases via retirement funds

The turmoil surrounding crypto exchange FTX and Sam Bankman-Fried (SBF) reaffirmed regulators’ belief about the need for stricter oversight across the crypto ecosystem. Seeking investor protection against a similar fallout, New York Attorney General (NYAG) Letitia James recommended prohibiting crypto investments in defined contribution plans and individual retirement accounts (IRAs).

23.11 / 12:21

regulation New York State Bitcoin New York governor signs PoW mining moratorium into law

New York governor Kathy Hochul signed the proof-of-work (PoW) mining moratorium into law on Nov. 22, making it the first state in America to ban any PoW crypto mining activity for two years.

23.11 / 09:55

business cryptocurrency Environment World New York state partially bans cryptocurrency mining powered by fossil fuels

New York has become the first state in the US to temporarily ban new permits for fossil fuel plants that power cryptocurrency mining, which is an energy-intensive exercise. Crypto mining is the process used in the transaction of cryptocurrencies such as bitcoin and ethereum.

23.11 / 06:21

business Grayscale Digital Currency Group Bankruptcy Genesis calls in restructuring expert in its fight to avoid bankruptcy

Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy.

16.11 / 21:55

CBDC Digital MasterCard Citigroup Reserve MasterCard, Citigroup and Other Global Banking Giants Start Digital Dollar Pilot With New York Federal Reserve

Global financial services giants such as MasterCard, Citigroup, and others are joining hands with the Federal Reserve Bank of New York to start a 12-week-long pilot for a digital dollar system.

16.11 / 13:23

regulation New York State National US national crypto laws should look like New York's, says state regulator

The superintendent of the New York Department of Financial Services (DFS) joined a nationwide regulatory discussion in the aftermath of the FTX collapse with a fresh take. Adrienne Harris believes that any federal crypto legislation to come should not override state regulatory regimes.

16.11 / 09:29

business Binance coinbase The New York Times FTX downfall was a turning point for citizen journalism: Coinbase CEO

Coinbase CEO and co-founder Brian Armstrong have applauded the work of citizen journalists and blockchain analysts surrounding the unfolding FTX crisis and its former CEO Sam Bankman-Fried.

15.11 / 21:41

CBDC regulation Federal Reserve week NY Fed launches 12-week CBDC pilot program with major banks

The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC.

15.11 / 12:45

business Twitter Media Crypto Twitter unhappy with SBF 'puff piece' pushed by mainstream media

When the world realized the fraud Sam Bankman-Fried (SBF) committed to building his FTX empire, fellow entrepreneurs, investors and long-time believers unanimously acknowledged the damage caused to the credibility of the crypto ecosystem. On the other hand, mainstream media — that predominantly attacked crypto via negative speculations — has seemingly taken sides with SBF while paying no heed to the losses exceeding billions of dollars incurred by the general public.

14.11 / 21:19

Law regulation investigation Manhattan District Attorney's Office probes FTX collapse: Report

Prosecutors with the United States attorney’s office in the Manhattan district of New York have reportedly begun investigating the fall of crypto exchange FTX.

11.11 / 20:43

Blockchain Ethereum Provident Platform ClubRare, the First Full-stack Physical NFT Marketplace, Announces Competition Ahead of Beta Version 2 Launch

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

11.11 / 14:51

Adoption Federal Reserve New York Fed collaborates with Singapore MAS to explore CBDCs

The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) will launch a joint experiment with wholesale central bank digital currencies (wCBDCs). Regulators are keen to test the wCBDCs potential for cross-border wholesale payments.

04.11 / 01:05

Law Cybersecurity security Developers need to stop crypto hackers — or face regulation in 2023

Third-party data breaches have exploded. The problem? Companies, including cryptocurrency exchanges, don’t know how to protect against them. When exchanges sign new vendors, most just innately expect that their vendors employ the same level of scrutiny as they do. Others don’t consider it at all. In today’s age, it isn’t just a good practice to test for vulnerabilities down the supply chain — it is absolutely necessary.

02.11 / 13:39

UPS Startups crypto startups New York-Based Investment Firm CoinFund Looking to Invest $250,000,000 in Crypto Startups

U.S. investment firm CoinFund has unveiled plans to sell unregistered securities worth a total of $250 million, securing funds for further investments in crypto startups, according to three filings the company made with the country’s Securities and Exchange Commission (SEC).

27.10 / 07:37

business Blockchain Lightning Network Bitcoin network Asset management firm launches BTC Lightning Network startup accelerator

Asset management firm Stone Ridge, the parent company of Bitcoin company NYDIG, has launched the first startup accelerator that focuses on the Bitcoin Lightning Network and the Taro protocol, called In Wolf’s Clothing (Wolf).

21.10 / 20:21

business Forex Paxos services Broker New York-based forex broker Oanda launches crypto trading services in US

New York-based multi-asset trading services Oanda has launched a new cryptocurrency trading service in the United States. This latest addition, developed in partnership with regulated blockchain infrastructure provider Paxos Trust Company, is designed to give investors easy access to crypto alongside their existing forex portfolios in a secure environment.

19.10 / 14:57

Amazon Landmark Amazon Workers Reject Union in Vote at Upstate New York Warehouse

Amazon.com Inc. workers in upstate New York voted against unionizing, a setback for labor activists trying to expand their unionization push at the tech company.

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