New York Financial News

22.05 / 08:19

Cooper Platform Southern Fried Sam FTX founder Sam Bankman-Fried charged with paying $40m bribe to Chinese official

FTX founder Sam Bankman-Fried has been charged with directing $40 million (€36.86 million) in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business.

21.05 / 23:09

Provident Digital Simulation NY Fed and MAS find promise in wCBDC for cross border payments

The experiment was conducted in a test environment and the hypothetical payments were settled using simulated wholesale central bank digital currencies.The teams interlinked the distinct central bank currency ledgers, providing flexibility in the design and operation of each ledger to the respective central bank. This enabled payments to be safely executed across multiple ledgers without the need for a central clearing authority or the establishment of a shared central network.The simulated payments were settled atomically, meaning transactions were only settled if all legs in the cross-currency payment chains were executed successfully.

21.05 / 08:23

Blockchain Court investigation Bitcoin Wife finds husband’s Bitcoin stash amid divorce proceedings

The divorce proceedings of a New York couple took a turn after a forensic accountant helped track down the husband’s 12 Bitcoin (BTC) stash, which he intended to hide from his wife.

20.05 / 16:13

Blockchain Ethereum Ripple XRP Williams SEC Southern week SEC, Ripple Seeking One-Week Extension on Unsealing Hinman Documents

The US Securities and Exchange Commission and Ripple have requested a one-week extension on unsealing the internal deliberations following a speech by former director William Hinman.

20.05 / 03:53

Adoption Payments Tether Bitcoin Payments Bitcoin Regulation Bitcoin Strike moves global headquarters to El Salvador, expands to 65 countries

Strike, a Chicago-based Bitcoin (BTC) payment provider, expanded its services to 65 countries in parallel to relocating its global headquarters to El Salvador. Before its expansion, the mobile app was operational only in the United States, El Salvador and Argentina.

19.05 / 21:07

business Mining Bitcoin Marathon Bitcoin production Bitcoin production growth and capital strategy guiding Marathon Digital: CEO

A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin (BTC) mining firm Marathon Digital Holdings (Nasdaq: MARA) through the bear market, told Cointelegraph its CEO Fred Thiel.

19.05 / 19:19

CBDC Adoption Federal Reserve Cross-border NY Fed and MAS publish joint CBDC cross-border payment project results

The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) have published the results of their joint Project Cedar Phase II x Ubin+ (Cedar x Ubin+). The project examined the use of central bank digital currency for wholesale cross-border payments using one or more vehicle currencies.

19.05 / 19:05

UPS Bankrupt crypto Bankrupt Crypto Firm Celsius May Receive Second Chance from Wall Street

The now-bankrupt crypto lender Celsius Network may get a second chance with the help of Wall Street investment giants.

19.05 / 18:33

Government Blockchain regulation Bitcoin Regulation Bitcoin Bitcoin cleans up the environment and helps catch criminals: US Senator Cynthia Lummis

U.S. Republican Sen. Cynthia Lummis of Wyoming held a fireside chat with the founder and CEO of Chamber of Digital Commerce Perianne Boring during the Bitcoin 2023 event in Miami on May 19.

19.05 / 14:17

CEO Racing Morgan Stanley CEO plans to step down within the year, sparking Wall Street succession race

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19.05 / 13:09

regulation Crypto Exchange Customers NY Attorney General Secures $4.3 Million Refund for Coin Cafe Customers Misled by Hidden Fees

The New York Attorney General’s office has ordered crypto trading platform Coin Cafe to repay $4.3 million to users for charging hidden fees.

19.05 / 07:49

business Blockchain Digital Asset stock exchange Australian Australian stock exchange officially abandons blockchain plans: Report

Australia's stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with cryptocurrencies.

19.05 / 04:59

Law regulation Trading Fraud Bitcoin Coin Cafe ordered to repay $4.3M in fees that ‘wiped out’ investors’ Bitcoin accounts

Cryptocurrency trading platform Coin Cafe has been ordered to repay $4.3 million to its users after allegedly charging “exorbitant and undisclosed fees" for storing Bitcoin on the platform — leading to some accounts being drained entirely of its funds.

18.05 / 13:59

UPS Binance Digital Platform Southern Bittrex bankruptcies stake Crypto Bankruptcies Continue to Hit the Market – What's at Stake for Your Crypto?

The rise of liquidation of industry-leading cryptocurrency platforms and institutions is set to be a recurring negative trend, with Voyager and Bittrexr being the latest addition.

18.05 / 06:27

FIVE Action class action settlement Deutsche Bank agrees to pay $75m settlement in Epstein accusers’ class action

Deutsche Bank has agreed to pay $75m to settle a proposed class-action lawsuit charging that the financial institution facilitated Jeffrey Epstein’s sex-trafficking ring, said lawyers who sued the bank on behalf of alleged victims.

18.05 / 02:13

Binance FTX Bankruptcy Voyager Digital crypto deposits Customers Voyager Digital Customers Will Recover 35% of Their Crypto Deposits

Bankruptcy crypto lender Voyager Digital said customers will soon recover 35 percent of their cryptocurrency deposits, following a rocky road over the past few months of multiple failed buyouts.

17.05 / 21:35

business Binance FTX Bankruptcy approved Customers Voyager bankruptcy plan approved, customers may recover 35.7% of claims initially

Crypto brokerage Voyager’s bankruptcy plan was approved by the United States Bankruptcy Court for the Southern District of New York on May 17, according to a Reuters report. Judge Michael Wiles’ order approving the procedure was published by the court a day earlier.

17.05 / 20:15

Twitter Digital SEC Tether USDT MicroStrategy Bitcoin reserves Tether to Spend Millions on Bitcoin to Diversify USDT Reserves

Tether International Ltd., the company behind the third-largest cryptocurrency by market value, will use 15% of its net investment profit, equivalent to $222 million of its first-quarter profit, on Bitcoin to diversify reserves backing its USDT stablecoin.

17.05 / 03:59

Ripple XRP SEC Seal Judge Torres Rules That SEC Cannot Seal Hinman Docs in Ripple Case

The US Securities and Exchange Commission cannot seal certain documents in connection with a 2018 speech from agency’s former director Bill Hinman in its case against Ripple, a judge ruled on Tuesday.

16.05 / 23:43

UPS Citi IPO Fighting IPOs International How international exchanges are stepping up in the fight for IPOs

As City leaders fear losing more listings to New York, international exchanges are also fighting hard to compete for IPOs.

16.05 / 17:59

Congress Signature Bank Silicon Valley Bank Executive US Sen. Cynthia Lummis Criticizes Signature Bank Executive for Blaming Crypto for Its Downfall

Sen. Cynthia Lummis said she found it disappointing that a former crypto-friendly Signature Bank executive is not taking the blame for the failed bank, while criticizing his wordiness about crypto.

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