City New York Financial News

01.06 / 08:25

business Law Stablecoin PoolTogether raises 471 ETH with NFTs to fund legal defense

So called “no-loss lottery” DeFi platform PoolTogether has raised 470.90 Ether (ETH) via NFT sales to fund its legal defense against a putative class action lawsuit.

31.05 / 16:25

Citi Parke Deloitte Subway As employers call workers back to the office, some AAPI women are on edge

Sometime after Deloitte consultant Michelle Go was shoved to her death underneath a moving R train in January, another New York City resident swore off taking the subway.

27.05 / 22:55

ETF regulation SEC Bitcoin spot bitcoin One River's spot Bitcoin ETF application rejected by SEC

The United States Securities and Exchange Commission (SEC) maintained its perfect record for rejecting Bitcoin (BTC) spot exchange-traded fund (ETF) applications Friday when it disapproved a rule change to allow cryptocurrency-focused hedge fund One River Digital to offer the One River Carbon Neutral Bitcoin Trust on the New York Stock Exchange Arca. The decision comes somewhat ahead of schedule, as the agency had extended the original deadline to June 2 to allow more time for consideration.

24.05 / 21:11

New York Fed Flags Scenarios Where Central Bank Could See Losses

The Federal Reserve could reach a point where it no longer has profits to hand over to the U.S. Treasury, if the central bank were to raise interest rates beyond recent market expectations, the New York Fed said in a report.

21.05 / 09:15

Blockchain BitMEX Court Bitcoin Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in New York reportedly sentenced two-year probation and six months of home detention to founder and ex-CEO Arthur Hayes.

20.05 / 22:57

business Mining Crypto miners 3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire

New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power disruptions at different facilities.

13.05 / 14:15

Blockchain Ethereum CEO Platform Fine World's 1st Fine-Dining NFT Concept Auction to Conduct in May

The world’s first fine-dining non-fungible token (NFT) concept has announced its NFT dining auction schedules.

12.05 / 09:07

regulation Investments Court Terrible crypto trader gets 42 months for fraud, claiming he was a total gun

A crypto trader who defrauded over 170 people was sentenced to 42 months in prison on May 11 for operating a series of cryptocurrency funds claiming to make big returns but in reality were losing money and instead operated as a Ponzi scheme.

11.05 / 21:45

regulation BItlicense FTX US applies for trust charter in New York

Crypto exchange FTX US has applied for a trust charter with the New York Department of Financial Services, or NYDFS, to operate in the state.

11.05 / 21:39

Dallas Fed Names New York Fed Staffer Lorie Logan as President

Lorie Logan, who manages the Federal Reserve Bank of New York’s massive holdings of securities and cash, will be the new president and chief executive of the Federal Reserve Bank of Dallas.

11.05 / 14:31

European Union Floods Riot Maria Alyokhina: Pussy Riot member disguises herself as food courier to flee Russia

A member of the Russian protest group Pussy Riot, Maria Alyokhina, has fled Russia, claiming in an interview with the New York Times in Lithuania that she was able to shake her police monitor by disguising herself as a meal courier.

11.05 / 11:17

cryptocurrency NFT NFTS Lina Valentina’s “No More” NFT Collection Denounces Domestic Violence

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

11.05 / 07:45

Investments Media Bitcoin New York digital media company the latest to add Bitcoin to balance sheet

Townsquare Media, a New York based digital marketing and radio station company is the latest business to back the original cryptocurrency with its addition of $5 million worth of Bitcoin (BTC) to its balance sheet.

09.05 / 21:15

UPS Longer-Term Inflation Expectations Rose in April, Says New York Fed

Longer-term inflation expectations ticked higher in April, according to a survey released by the Federal Reserve Bank of New York on Monday, challenging the central bank’s efforts to bring price pressures down.

04.05 / 17:35

Government Adoption Everything gets politicized, including crypto, says former POTUS candidate Andrew Yang

Although cryptocurrency may still be misunderstood on Capitol Hill, crypto is becoming more political as its influence gains traction. For instance, lobbying by those involved in the cryptocurrency industry has reached new heights. A report from the nonprofit consumer advocacy group Public Citizen found that the number of lobbyists for cryptocurrency-related issues rose from 115 in 2018 to 320 in 2021. The report further indicated that the number of representatives within the cryptocurrency industry increased from 47 to 157 during that time period.

02.05 / 22:41

Law Ban New York State Law Decoded: The difference between New York City and New York State, April 25-May 2

Last week, New York dominated crypto media headlines in very different ways. In New York State, the local Assembly voted in favor of the bill that would ban for two years any new mining operations that rely on proof-of-work (PoW) consensus mechanisms and use fossil fuel-generated energy.

01.05 / 16:47

Law proof-of-work POW Go green or go home? What the NY State mining moratorium could mean for crypto industry

On April 26, the State of New York put itself at the forefront of the regulatory struggle with crypto, as its Assembly voted for a two-year moratorium on crypto mining operations that use energy generated by fossil-fuel power plants. Depending on how one looks at it, this development could either signal a new alarming legislative trend or a trigger that would accelerate the digital asset industry’s movement toward a more sustainable path.

28.04 / 07:07

Government New York State BItlicense New York Mayor urges state to abandon ‘stifling' BitLicense scheme

New York City Mayor Eric Adams has hit out at his states’ BitLicensing regime, claiming that it stifles innovation and economic growth.

27.04 / 07:37

Government Law proof-of-work POW Power New York State Assembly passes ban on new BTC mines that don't use green power

The New York State Assembly passed a bill late on Tuesday April 26 that would place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon based fuel to power their operations.

26.04 / 10:59

Adoption Fidelity Investments Bitcoin pension Fidelity Pension Plan Will Allow Employees to Invest in Bitcoin

Fidelity Investments, the United States’ biggest provider of 401(k) pension plans, will let participants choose to keep money in bitcoin (BTC), but only if their employers let them.

26.04 / 07:57

Adoption Miami inflation Bitcoin services CityCoins expanding services via 11 new incubated projects

The Stacks Ventures project incubator has accepted 11 projects to help make CityCoins more appealing to global mayors who want to utilize a digital asset to receive rewards and bolster their economies.

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