City New York Financial News
19.10 / 14:37
UPS
BTC
Bitcoin
Bitcoin Braces for Deeper Bear Market as Fed Eyeing Another Big Rate Hike
The US Federal Reserve is considering a higher-than-expected interest rate hike next month as inflation persists, according to the New York Times.
18.10 / 14:07
Provident
Extreme
Bitcoin
Bankrupt crypto
3AC, the bankrupt crypto hedge fund sees a new twist in the case as…
According to a Bloomberg report, two United States regulators, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are now investigating the bankrupt Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) for misleading investors about its balance sheet and not registering with the two agencies.
17.10 / 23:29
MET
Man
Bitcoin
Prison
New York Man Faces 25 Years in Prison for Bitcoin Money Laundering and Narcotics Scheme
A New York man is facing 25 years in prison, after being convicted by a federal jury in Brooklyn of money laundering and operating an unlicensed money transmitting business.
15.10 / 08:45
business
regulation
Bankruptcy
Texas authorities object to Voyager's disclosure statement in its current form
The Texas State Securities Board (SSB) and the Texas Department of Banking (DOB) raised an objection in court against Voyager Digital’s disclosure statement, questioning the various methodologies and calculations used to estimate the fair market value of the bankrupt exchange’s crypto assets.
14.10 / 17:59
Blockchain
Technology
Adoption
Insurance
Smart contract-enabled insurance holds promise, but can it be scaled?
A new insurance world is coming where smart contracts replace insurance documents, blockchain “oracles” supplant claim adjusters, and decentralized autonomous organizations (DAOs) take over traditional insurance carriers. Millions of poor farmers in Africa and Asia will be eligible for coverages like crop insurance too, whereas before, they were too poor and too dispersed to justify the cost of underwriting.
11.10 / 20:23
Digital
Software
BNI
Bitcoin
BNY
Customers
BNY Mellon Will Hold Crypto On Behalf of Customers
After winning the approval of New York's financial regulator earlier this fall, the Bank of New York Mellon is all set to hold its customers' bitcoin and ether starting this week. The nation’s oldest bank has added cryptocurrencies to its custody services.
11.10 / 19:01
Digital
BNI
BNY
Why BNY Mellon is piling into crypto
Bank of New York Mellon is now open for crypto business.
08.10 / 19:29
03.10 / 20:03
business
SEC
Bitcoin
Time
NYDIG raises $720M as Bitcoin balance hits all-time high
The bear market has not deterred one of the biggest Bitcoin (BTC) bulls. The balances of the New York Digital Investment Group, or NYDIG, hit record highs in Q3 of this year. Plus, a United States Securities and Exchange (SEC) filing could reveal the group’s intent to add more Bitcoin to its balance sheet.
03.10 / 05:43
business
regulation
Bankruptcy
Withdrawals
DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins
The Department of Justice (DOJ) has submitted an objection to Celsius’ motion to reopen withdrawals for select customers and sell its stablecoin holdings.
28.09 / 05:09
SEC
CEO
Platform
Action
Crypto-lender Nexo faces charges from eight U.S states
Switzerland-based crypto-lender Nexo is facing simultaneous enforcement action from eight different U.S states over varying allegations. Actions include cease and desist orders, administrative measures etc.
27.09 / 20:19
Provident
Microsoft
Platform
Enterprise
Time
Space and Time Secures $20 Million Strategic Funding Led by Microsoft’s M12 to Automate the World’s Business Logic
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
27.09 / 15:01
regulation
Platform
Action
Nexo
Crypto Lender NEXO Faces Cease-and-Desist Order From California
All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.
23.09 / 16:57
NOT
Hungarian minister meets Russia's Sergei Lavrov despite EU 'understanding' not to do so
Hungarian Foreign Minister Peter Szijjártó met with Russia's Sergei Lavrov on Thursday hours after an EU official said member states had an understanding not to meet with Russian officials as it "doesn't make much sense".
23.09 / 09:23
UPS
Citi
BlackRock
NOT
BlackRock told not to backtrack on climate commitments as New York City ups ESG pressure
The official responsible for New York City’s public pension funds is pressing BlackRock to recommit to achieving net-zero emissions across its investment portfolio.
23.09 / 03:41
Bitcoin
This Crypto Insider Says Bitcoin Has Bottomed and Will Retake $60k, But When?
MicroStrategy's chairman and co-founder Michael Saylor believes the price of Bitcoin has found a stable bottom at around $20,000. From here, he expects the flagship crypto to retake its former peak price levels of around $60,000 within the next four years.
22.09 / 23:53
UPS
Target
Parke
A Day After Fed Raises Rates, Reverse Repos Hit New Record
A wall of cash is continuing to flow into a central bank facility designed to help control short-term interest rates, even as officials expect activity there to decline over time.
22.09 / 17:09
European Union
EU to prepare new sanctions against Russia following Putin's mobilisation speech
Vladimir Putin's plans to order a partial mobilisation of reserved army forces to bolster the war in Ukraine and organise "sham referenda" in the country's occupied territories are grounds for a new round of EU sanctions, Ursula von der Leyen has said.
22.09 / 11:15
UPS
Tether
Bitfinex
USDT
reserves
US Judge Demands Tether Comes Up with Records to Show it Has Claimed Cash Reserves
As part of the legal proceedings related to a market manipulation case that dates back to 2019, Katherine Polk Failla, a judge for the U.S. District Court for the Southern District of New York, has ordered Tether’s parent company to provide financial records for its USDT stablecoin.
22.09 / 01:00
Binance
Digital
Platform
Arrow
Bankrupt lender Voyager gets top bids by these heavyweights
According to those with knowledge of the situation, FTX and Binance have offered the highest offers for the assets of defunct cryptocurrency lender Voyager Digital Ltd., VYGVQ -5.89%, but neither offer has yet been approved, Wall Street Journal reported.
21.09 / 13:51
Tether
Bitfinex
Court
Bitcoin
New York Judge orders Tether to document USDT backing
The judge for the United States District Court for the Southern District of New York, Katherine Polk Failla, ordered Tether to prove 1-to-1 backing of its eponymous stablecoin, Tether (USDT). The company is required to provide “general ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements” and other documents to the court.
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