City New York Financial News
25.04 / 21:07
Law
Environment
proof-of-work
week
New York legislators to vote on PoW mining moratorium this week
The New York state legislature might ban Proof-of-Work (PoW) crypto mining in the state for at least two years, citing environmental concerns.
19.04 / 04:57
fees
BItlicense
BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York
The cost of running a crypto business in New York is about to rise with the state government gearing up to require companies holding a BitLicense to pay assessment fees to ensure they’re complying with regulations.
19.04 / 01:03
UPS
Digital
Bitcoin
Don't blame stimulus checks for inflation, says Andrew Yang, who still supports sending free cash to most Americans
MIAMI — Former presidential candidate Andrew Yang says that Covid stimulus checks are not to blame for the recent inflation spike — and he's still in favor of sending people free cash as a way to insulate workers from economic shocks and technological disruption.
17.04 / 04:35
Citi
Waves
Target
China's Covid policy locks down a city three times the size of New York
China's latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City — to stay home and undergo mass virus testing in the metropolis of Shanghai.
14.04 / 19:31
Blockchain
Adoption
Conference
Bitcoin
Bitcoin 2022 Miami: Conference recap and major themes
Bitcoin (BTC) has come a long way since an obscure and esoteric white paper written by Satoshi Nakamoto was first published 13 years ago. The Bitcoin 2022 conference, sponsored by Cash App, was perhaps the largest single event for the BTC community as 30,000 attendees and exhibitors descended on Miami Beach, according to the Miami Herald.
12.04 / 19:11
shooting
Five shot and 13 injured at New York City subway station
Five people were shot on Tuesday morning at a subway station in Brooklyn, New York, law enforcement sources said.
11.04 / 19:49
UPS
New York Fed: Public Expectations for March 2023 Inflation Hit 6.6% Record
Public expectations for the level of inflation a year from now hit a record in March, according to a survey released Monday by the Federal Reserve Bank of New York.
11.04 / 14:11
regulation
Paxos
United States Crypto Lobbyists Making Inroads at State Level – Report
Crypto lobbyists are making breakthroughs with adoption-focused legislation at the state level in various parts of the USA – with federal regulation still lagging behind.
08.04 / 15:35
Amazon
Amazon Intends to Appeal Union Victory in New York
Amazon.com Inc. plans to appeal its loss last week to union organizers in New York, where workers voted to establish the company’s first U.S. union.
03.04 / 02:41
lawsuits
Deutsche Bank set to face investor lawsuits over allegations it enabled US Ponzi scheme
Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank for allegedly ignoring warnings that it was helping finance a real-estate-linked Ponzi scheme.
01.04 / 16:24
01.04 / 10:57
lawsuits
Deutsche Bank set to face investor lawsuits over allegations it enabled US Ponzi scheme
Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank for allegedly ignoring warnings that it was helping finance a real-estate-linked Ponzi scheme.
29.03 / 13:05
NASDAQ
Stock indices
NYDIG
Bitcoin
Iris Energy Raises $71m in Debt Issuance
Iris Energy raised $71 million in debt issuance for new Bitcoin mining equipment.
23.03 / 18:39
Citi
JPMorgan
Chase
500
Wall Street bonuses climb to record $257,500 per worker last year, New York's fiscal chief says
The average bonus paid to securities industry employees in New York climbed 20% to a record $257,500 for last year, according to state comptroller Thomas DiNapoli.
21.03 / 07:17
cryptocurrency
NFT
Bitcoin news
Bitcoin
The latecomer's guide to cryptocurrency
cryptocurrency. Now, suddenly, it's inescapable. Look one way, and there are Matt Damon and Larry David doing ads for crypto startups. Swivel your head — oh, hey, it's the mayors of Miami and New York City, arguing over who loves Bitcoin more. Two NBA arenas are now named after crypto companies, and it seems as if every corporate marketing team in America has jumped on the NFT — or non-fungible token — bandwagon. (Can I interest you in one of Pepsi's «Mic Drop, genesis NFTs? Or maybe something from Applebee's „Metaverse Meals, NFT collection, inspired by the restaurant chain's “iconic, menu items?) Crypto! For years, it seemed like the kind of fleeting tech trend most people could safely ignore, like hoverboards or Google Glass. But its power, both economic and cultural, has become too big to overlook. Twenty percent of American adults, and 36% of millennials, own cryptocurrency, according to a recent Morning Consult survey. Coinbase, the crypto trading app, has landed on top of the App Store's charts at least twice in the past year. Today, the crypto market is valued at around $1.75 trillion — roughly the size of Google. And in Silicon Valley, engineers and executives are bolting from cushy jobs in droves to join the crypto gold rush.
14.03 / 19:03
13.03 / 15:13
Protest
Refugees
NOT
'Meant to live, not to die': Protesters worldwide gather to condemn war in Ukraine
Dozens of protesters flocked to Times Square on Saturday, condemning Russia's assault on Ukraine.
11.03 / 19:09
ETF
Investments
SEC
spot bitcoin
Global X
SEC rejects spot Bitcoin ETF applications from NYDIG and Global X
The United States Securities and Exchange Commission, or SEC, has disapproved spot Bitcoin exchange-traded fund applications from the New York Digital Investment Group and fund manager Global X after deferring on a decision several times in the last year.
10.03 / 17:53
business
Stablecoin
Paxos
Financial
Paxos secures approval from Singapore’s financial regulator
The Monetary Authority of Singapore, or MAS, has granted stablecoin issuer Paxos regulatory approval to offer crypto services to local companies.
10.03 / 11:37
cryptocurrency
Twitter
Reuters
Support
Ukraine-Russia War: Boxer-Turned-Entrepreneur Launches NFT To Support Ukrainians
Wladimir Klitschko has collaborated with New York-based Street Artist 'WhIsBe'.
07.03 / 11:37
business
Ethereum
Art
Bitcoin
Auctioneer willing to sell $70M artwork for BTC or ETH
In further signs of crypto adoption among the art world, a leading United States auction house will accept crypto as payment for a series of paintings. A Jean-Michel Basquiat collection is up for auction by Phillips, with Bitcoin (BTC) and Ethereum (ETH) listed as payment options.
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