City New York Financial News

15.01 / 01:35

Blockchain Technology Adoption Bitcoin Stacks ecosystem becomes #1 Web3 project on Bitcoin

On the first anniversary of the launch of Stacks blockchain (STX), which seeks to make Bitcoin (BTC) programmable, the network achieved over 350 million monthly API requests, 40,000 Hiro (development tool for Stacks to build applications on Bitcoin) wallet downloads, and 2,500 Clarity smart contracts. According to a report by Electric Capital, a venture capital firm focused on cryptocurrencies and fintech, these statistics make Stacks the largest project on Bitcoin.

12.01 / 19:49

Money Bitcoin new cryptocurrency Will New York's new mayor turn the city into a new cryptocurrency hub?

With US cities such as Miami and Austin trying to court digital asset companies, John Wu was unsure whether to make New York the permanent home of his cryptocurrency and blockchain start-up Ava Labs - until Eric Adams was elected mayor last year.

11.01 / 07:59

cryptocurrency Digital Bitcoin Time Bitcoin Slumps More Than 40% From November's All-Time High Of $69,000

Bitcoin bounced off the lows of the day after falling as much as 6% to $39,774 in New York trading.

11.01 / 06:15

NFT Polygon Media Mainstream Associated Press to launch Polygon-based photography NFT platform

The Associated Press (AP) is launching a nonfungible token (NFT) marketplace where collectors will be able to purchase tokenized photographs from the global news platform.

11.01 / 01:29

Blockchain Adoption Sport Bitcoin 3x NBA champion Andre Iguodala becomes the latest athlete to receive salary in crypto

On Monday afternoon, Andre Iguodala, three-time NBA champion and the professional basketball player for the Golden State Warriors, announced via Twitter that he would be taking a portion of his estimated $2.647 million annual salary in Bitcoin (BTC). In addition, Iguodala added that he will give out $1 million worth in BTC to fans to increase the digital currency's adoption. Payments were said to be facilitated by Block's (formerly Square) Cash App.

11.01 / 00:55

New York Business Owners Sidestep Billions in Federal Taxes With State’s Help

New York business owners are saving billions of dollars in taxes by using a state-approved system for sidestepping the $10,000 federal cap on state and local tax deductions.

10.01 / 14:29

cryptocurrency ETF Bitcoin Bitcoin Etf Bitcoin ETF That Debuted On New York Stock Exchange With Much Fanfare Is Now A Big Loser

A Bitcoin ETF, which had debuted on New York stock exchange with a bang, has now crashed

10.01 / 13:47

Ethereum Art Binance Bitcoin Collectibles Top 20 NFT Marketplaces Where You Can Buy & Sell Digital Collectibles

Non-fungible tokens (NFTs) are (still) booming, with new marketplaces appearing almost every week to meet the growing demand. That can make it tricky for newcomers to know where to safely buy and sell virtual items and crypto art.

06.01 / 20:17

Adoption NFT Samsung retail Samsung Opens ‘Limited Time’ Store in Decentraland, Lures Metaverse Visitors With Rewards

The electronics behemoth Samsung has taken its second major step into the world of the metaverse and non-fungible tokens (NFTs) in the space of a week, unveiling a new temporary store in the virtual world of Decentraland (MANA).

06.01 / 19:19

NASDAQ Federal Reserve Interest rates Bitcoin dividend BTCS stock jumps 44% after announcing first-ever dividend payable in Bitcoin

On Wednesday, Nasdaq Composite logged its biggest daily loss since February last year. But for one of its listed companies, the day turned out to be extremely bullish.

31.12 / 04:29

NFT Cybersecurity security Decentralization OpenSea freezes $2.2M of stolen Bored Apes

NFT marketplace OpenSea has frozen 16 Bored Ape and Mutant Ape nonfungible tokens (NFT) after they were reportedly stolen yesterday from a New York art gallery operator.

30.12 / 09:45

NFT Metaverse Decentralization Nifty News: Decentraland Times Square NYE party, Mutant Apes go bananas and more…

Decentralized Metaverse project Decentraland will unveil the virtual reality version of the iconic Times Square via a New Years Eve party that coincides with the timing of the real life celebration in New York city.

21.12 / 01:25

UPS Citi Waves Bitcoin This U.S city becomes the first to add payroll conversion to crypto for employees

A wave of political goodwill and support for Bitcoin is building up in the U.S. Bitcoin’s dizzying market price swings aside, it seems some politicians have recognized Bitcoin’s potential and its popularity. Numerous mayors across the United States expressed bullish sentiments.

17.12 / 22:57

UPS Citi Waves Unemployment Lost Lost work due to omicron? What to know about unemployment benefits

Covid cases are spiking in some parts of the U.S., and the highly contagious omicron variant is expected to fuel another virus wave headed into winter.

17.12 / 17:39

UPS Williams Raising rates would be a positive event for the U.S. economy, New York Fed's Williams says

The Federal Reserve raising interest rates next year would signal the central bank feels good about the country's economic recovery, New York Fed President John Williams said Friday.

17.12 / 16:17

UPS IPO TPG readies for IPO in New York

Private equity giant TPG has filed plans to go public in New York.

15.12 / 16:31

Digital NYDIG Bitcoin Bitcoin firm NYDIG raises $1bn in blockbuster funding round

New York-based bitcoin firm NYDIG said on 14 December that it had raised $1bn at a valuation of more than $7bn, the latest in a series of blockbuster funding rounds this year by cryptocurrency startups.

10.12 / 11:47

IPO NASDAQ Fallout Didi is delisting in New York. Here's what happens if you own a delisted stock

BEIJING — For Americans looking to play the China growth story, Didi's delisting from the U.S. shows the rising political risk of investing in U.S.-listed Chinese stocks.

10.12 / 08:55

crypto assets Allowing cryptocurrency may erode central bank's control over money supply: Former RBI Guv

Duvvuri Subbarao has said the central bank could lose control over money supply and inflation management if cryptocurrency is allowed in the country. Speaking at a webinar organised by the National Stock Exchange (NSE) and New York University (NYU) Stern School of Business, Rao also said India's case for issuing a central bank digital currency (CBDC) may not be strong as there are capital controls.

09.12 / 14:58

FIVE Williams Centre New York Fed opens innovation centre

It will focus on five areas: supervisory and regulatory technology; financial markets infrastructures; future of money; open finance; and climate risk.The centre is being helmed by Per von Zelowitz, a fintech veteran who joined the New York Fed in July to lead the effort.

08.12 / 20:35

Citi Provident BTC Platform With a Stellar Pre-Seed Raise, Goldfingr Investment Club Closes an Oversubscribed Round

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