City New York Financial News

13.06 / 07:19

Federal Reserve Bitcoin fall inflation data Crypto pares losses from fall fuelled by US inflation data

New York: Bitcoin and Ether pared losses, after falling earlier on Sunday amid a broader retreat by the cryptocurrency complex in the wake of data showing US inflation hitting a fresh 40-year high. Ether declined as much as 6.4% to $1,424.40, its lowest level since March 2021, while Bitcoin dropped to as low as $26,876.51, its lowest since May 12.

10.06 / 17:49

Blockchain Bitcoin New York Senate votes for bitcoin mining moratorium

The bill calls for a two year moratorium on crypto mining operations that use proof-of-work authentication methods to validate blockchain transactions.

10.06 / 12:05

cryptocurrency Provident Puzzle cryptocurrency news Bitcoin New York Bill Aims To Limit Fossil Fuel Energy Use For Crypto Mining

New York State Legislature has passed a bill limiting fossil fuel energy usage for crypto mining

10.06 / 05:51

Mining regulation New York State Bitcoin isolate Bitcoin miners say NY ban will be ineffective and 'isolate' the state

Two Bitcoin miners have told Cointelegraph that if the bill banning Proof-of-Work mining for two years in New York becomes law, it would end up triggering an exodus of mining companies from the state and do little to address the intended goals of the moratorium.

09.06 / 23:47

regulation SEC Terra Appeals court rules Do Kwon, Terraform Labs must heed SEC subpoena served in September

The United States Court of Appeals for the Second Circuit on Thursday rejected Terraform Labs CEO Do Kwon’s dispute of a subpoena by the Securities and Exchange Commission (SEC). The federal agency was seeking documents and testimony in connection with its investigation of whether Terra used the Mirror Protocol to sell unregistered securities.

09.06 / 21:01

Adoption education Bitcoin Jack Dorsey and Jay-Z collaborate on Bitcoin Brooklyn educational program

Legendary New York hip-hop artist and producer, Jay-Z has joined forces with the founder of Cash App, Jack Dorsey, to launch "The Bitcoin Academy," an educational program advocating for the democratic vision that “education is power.”

08.06 / 22:43

Stablecoin regulation New York State Backed guidance New York state releases guidance for issuing dollar-backed stablecoins

The New York State Department of Financial Services (DFS) on Wednesday released regulatory guidance for U.S. dollar-backed stablecoins issued by DFS-regulated entities. According to a DFS statement, it is the first regulator in the United States to impose such expectations on a stablecoin issuer.

08.06 / 04:41

Government Blockchain proof-of-work New York Governor yet to commit to signing Bitcoin mining ban into law

New York overnor Kathy Hochul is yet to publicly commit to signing the controversial Proof-of-Work (PoW) crypto mining ban bill, instead noting that her team will be looking “very closely” at the proposal over the next few months.

07.06 / 17:45

Health Science patient This breakthrough drug trial saw cancer vanish in every patient

More than a dozen rectal cancer patients in the United States have seen their cancer disappear after undergoing experimental immunotherapy, in what doctors are calling an astonishing result.

07.06 / 15:27

Europe community Bitcoin 'Nothing New at All' in Research Paper That Accuses Bitcoin of Early Centralization

A new research paper that claims Bitcoin (BTC)'s early success relied on “cooperation among a small group of altruistic founders” rather than true decentralization has ignited a debate in the community, with some questioning why it received such massive media attention despite being “not notable at all.”

07.06 / 14:15

cryptocurrency CLIMATE CRISIS Bitcoin Power Cryptocurrency miners may no longer be able to use fossil fuel-generated power in New York

The New York State Legislature has passed a bill that would impose a two-year ban on the use of fossil-fuel power plants to provide energy to miners of cryptocurrencies like Bitcoin.

06.06 / 15:59

Blockchain Twitter Bitcoin New York's push to ban crypto mining triggers response from community

As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once approved, members of the crypto community express their disagreement through social media.

06.06 / 05:41

cryptos New York AG raises red flag on cryptos, industry highlights the need for regulations

crypto regulations across the globe, the Attorney General (AG) of New York has raised red flags against the risks of crypto trading and mining.New Yok AG Letitia James has warned the investors over these risks as the state pursues efforts to ban proof-of-work (PoW) crypto mining. James stated that the investors have lost billions of dollars and crypto assets are subject to extreme volatility and unpredictable price swing, making them among the most high-risk investments in the market.

05.06 / 06:15

cryptocurrency Extreme Bitcoin bitcoin rises Cryptocurrency Prices Today June 5: Bitcoin rises, Ether biggest gainer

Major cryptocurrencies traded in the green early on June 5 as the global crypto market cap increased 0.74 percent to $1.23 trillion over the last day. Total crypto market volume over the last 24 hours declined 28.77 percent to $43.77 billion.

04.06 / 09:21

cryptocurrency Extreme Terra Luna Bitcoin Luna New York AG warns against risks of crypto trading

The Attorney General of New York has issued an alert, warning people of the “dangerous risks” of investing in cryptocurrencies, as the crypto markets have corrected significantly from their all-time highs.

03.06 / 16:35

Blockchain Bitcoin New York Senate votes for bitcoin mining moratorium

The bill calls for a two year moratorium on crypto mining operations that use proof-of-work authentication methods to validate blockchain transactions.

03.06 / 15:03

Blockchain New York State Bitcoin New York AG warns against crypto investments amid state push to ban mining

As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto.

03.06 / 13:29

Africa proof-of-work Bitcoin New York State To Ban Carbon-Powered Bitcoin, Altcoin Mining, While Kenya Fosters Green BTC

As regulators across the world work to adopt varying stances on crypto mining, the US state of New York and the East African country of Kenya offer two examples of how legislators can thwart or foster crypto innovation through their initiatives.

03.06 / 11:19

POW Bitcoin New York State Senate passes Bitcoin mining moratorium

The New York State Senate approved a controversial proof-of-work (PoW) mining ban bill that would prohibit any new Bitcoin (BTC) mining operations in the state.

02.06 / 14:43

cryptocurrency Digital Williams cryptocurrency news Digital Currency May Impact Monetary Policy Formulation: US Fed Official

New York Fed President John Williams has said digital currency will impact monetary policy

01.06 / 23:31

CBDC Adoption regulation Federal Reserve Digital payment NY Fed president urges colleagues to prepare for coming digital payment transformation

Get ready for fundamental change in money and payments, John Williams, president and CEO of the Federal Reserve Bank of New York, told central bank officials, academics and financial industry leaders from around the world Wednesday. Williams delivered the opening remarks at an invitation-only workshop on monetary policy implementation cohosted by the New York Fed and Columbia University.

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