New York Financial News

30.06 / 10:55

economy stocks stock market Money stock markets Tech and energy stocks lift S&P/TSX composite, U.S. stock markets mixed

Canada’s main stock index posted modest gains Wednesday as strength in energy and technology, among other sectors, helped outweigh weakness in base metals, while U.S. markets were mixed.

30.06 / 10:55

economy stocks stock market Money TSX Toronto Stock Exchange S&P/TSX composite up almost 150 points Tuesday, U.S. stock markets also rise

Canada’s main stock index rose almost 150 points Tuesday amid broad-based gains after a new report showed inflation slowed in May, while U.S. markets also rose on economic optimism.

30.06 / 10:45

COST Software Puzzle Yellow Wordle #741: Hints, answer to today's word puzzle for June 30

Wordle has brought in many other Wordle-inspired games like Dordle, Heardle, Quordle, etc. Wordle is available on The New York Times Website and each day we get a new puzzle to solve where you have to decipher the word in six attempts just by typing in the letters.

29.06 / 21:51

ETF regulation BTC Markets Investment trusts Wise Fidelity renews push for spot Wise Origin BTC Trust, making it 7th applicant this year

Asset manager Fidelity Investments has filed an application for a spot Bitcoin exchange-traded fund (ETF), according to a filing by Cboe BZX Exchange with the United States Securities and Exchange Commission (SEC) dated June 19.

29.06 / 20:19

CFTC Fine Ex-Trader Ackerman Ordered to Pay $54 Million Fine for Crypto Fraud

The former New York Stock Exchange broker Micahel Ackerman has been ordered to pay $54 million in penalties by a federal court for running a crypto fraud, as per a release from the Commodity Futures Trading Commission (CFTC).

29.06 / 13:49

Blockchain regulation SEC coinbase Coinbase seeks dismissal of SEC suit, claims extraordinary abuse of process

In the ongoing legal battle between Coinbase and the United States Securities and Exchange Commission (SEC), the American cryptocurrency exchange has filed a motion to dismiss the SEC’s complaint.

29.06 / 02:49

Blockchain Digital Huawei Huawei says applying 5G technology to business was more difficult than expected

SHANGHAI — Huawei's Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G technology to business was more difficult than she had expected.

28.06 / 18:49

business Digital Currency CFTC Fraud Digital Asset Bitcoin CFTC issues $54M default judgment against trader in crypto fraud scheme

On June 28th, the Commodity Futures Trading Commission (CFTC) announced that Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York had issued a default judgment that granted a permanent injunction against Michael Ackerman, a resident of Alliance, Ohio.

28.06 / 13:07

business Blockchain Stablecoin Adoption Latin America Paxos Paxos and MercadoLibre partner up to bring USDP to Mexico

Blockchain fintech company Paxos and online marketplace MercadoLibre have entered a partnership to bring the Pax Dollar (USDP) stablecoin to Mexico via the MercadoPago payment service on June 28.

28.06 / 11:47

business Blockchain Law Bankruptcy Voyager to pay $1.1M in legal fees incurred in April

Bankrupt crypto brokerage Voyager Digital is obligated to pay $1.1 million to its legal adviser, Kirkland & Ellis, for fees and expenses associated with its involvement in the company’s bankruptcy proceedings in April.

27.06 / 20:37

business Paxos services New exchange EDX reportedly switching out Paxos' custody services for Anchorage's

EDX, a cryptocurrency exchange launched a week ago with the backing of tradfi heavyweights such as Citadel Securities, Fidelity Digital Assets and Charles Schwab, is reportedly preparing to switch custody providers, dropping Paxos Trust in favor of Anchorage Digital. EDX has a noncustodial business model designed to remove conflicts of interest.

27.06 / 19:35

White & Case appoints first female leader after contested election

White & Case has elected New York litigation partner Heather McDevitt as its new global chair.

27.06 / 17:47

Law regulation crimes FTX Judge says arguments behind SBF’s motions to dismiss criminal charges are ‘moot or without merit’

A federal judge overseeing the case against former FTX CEO Sam Bankman-Fried (SBF) has denied motions from his legal team seeking to dismiss all but three criminal charges against him.

27.06 / 15:49

business Bankruptcy hedge fund 3AC liquidators look to recoup $1.3B from founders

Teneo, the liquidators behind bankrupt hedge fund Three Arrows Capital (3AC), are reportedly seeking to recover roughly $1.3 billion in funds from founders Su Zhu and Kyle Davies.

26.06 / 18:31

Citi BTC Twitter FIVE Coindesk Southern Bitcoin 2020 Twitter Hack 2020 Twitter Hack Mastermind Gets Five-Year Sentence for Crypto Theft

A culprit in the infamous 2020 Twitter hack who phished thousands of dollars in Bitcoin from Twitter users has been sentenced to five years in prison for his crime, as well as for a separate SIM swapping scheme.

26.06 / 18:31

FTX Fried Sam Sam Bankman-Fried Shot Crypto MasterClass Prior to FTX Collapse

Disgraced crypto boss Sam Bankman-Fried had shot a tutorial video on cryptocurrency for MasterClass, a platform that offers courses taught by celebrity experts.

25.06 / 08:47

Legal Bloomberg FTX Media FTX User Names: Media Houses Appeal to Overturn Court Redaction Decision

Several major media outlets have filed an appeal aiming to overturn a bankruptcy court's decision to redact the names of FTX users permanently.

25.06 / 06:51

Law NFT Fashion Crypto Collectibles Judge grants Hermès request to halt all 'MetaBirkin' NFT sales

French luxury fashion house Hermès International has notched another win in its infringement case against artist Mason Rothschild, after a Manhattan judge ordered a permanent injunction on all "MetaBirkin" non-fungible token sales.

25.06 / 04:29

Twitter Hackers hacks regulation Sim Card Prison Sim Swap $794K SIM swap hacker PlugwalkJoe sentenced to five years in prison

BritishHacker Joseph O’Connor, also known online as PlugwalkJoe, has been sentenced to five years in U.S. prison for his role in stealing $794,000 worth of cryptocurrency via a SIM swap attack on a crypto exchange executive back in April 2019.

24.06 / 15:23

UPS Digital ETF Bricks over bytes: New hard asset ETF places big bet on real estate

A new ETF is making a big bet on real estate and other hard assets.

24.06 / 06:31

Reuters Report Bloomberg Media Financial Times The New York Times Customers Mainstream media challenge decision to protect FTX customers: Report

The four major media outlets advocating for the release of FTX customer names have opposed the decision to seal them. Meanwhile, a crypto lawyer told Cointelegraph that “there is clear evidence” of potential harm if the names were to be disclosed.

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