New York Financial News
03.05 / 23:59
business
NFT
regulation
Trading
Fraud
crimes
Jury convicts former OpenSea manager in NFT-insider trading case
The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire fraud and money laundering in a New York federal court, according to a report from Reuters.
03.05 / 23:59
business
FTX
Court
Bankruptcy
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
Cryptocurrency exchange FTX is seeking to recover around $4 billion from similarly bankrupt crypto lender Genesis and a still-solvent British Virgin Islands-based entity — part of efforts to recover value for creditors.
03.05 / 19:53
Policy
Crypto Policy
Blockchain Association Packs Up Out of NY To Focus on Federal Crypto Policy
The Blockchain Association is moving out of New York.
03.05 / 17:57
business
lending
Celsius
Mashinsky files motion to dismiss NY AG suits, says it ‘parrots misinformation’
Alex Mashinsky, co-founder and former CEO of bankrupt crypto lending platform Celsius Network, has filed a response to New York Attorney General Letitia James’ suit against him. According to the document, the suit has shortcomings in presenting the facts in the case and its legal argument and should be dismissed.
03.05 / 08:27
Mining
Asia
Bitcoin
Bhutan’s DHI and Bitdeer to raise $500M to develop sustainable mining operations
Nasdaq-listed mining company Bitdeer Technologies Group and Bhutan’s sovereign investment arm Druk Holding and Investments (DHI) have teamed up to create eco-friendly and carbon-free digital asset mining operations in the Kingdom of Bhutan.
03.05 / 05:13
business
Law
regulation
fees
FTX
Bankruptcy
FTX advisors billed the bankrupt firm for a whopping $103M in Q1
The lawyers and consulting firms assisting cryptocurrency exchange FTX through its bankruptcy proceedings are set to cash in a total of $103 million over the first quarter.
02.05 / 21:49
Citi
IPO
Fighting
IPOs
FCA scraps ‘premium’ listings in fight for IPOs
The Financial Conduct Authority plans to scrap its 'premium listing' category to fight London's IPO drought.
02.05 / 12:43
02.05 / 04:53
business
Google
ChatGPT
‘Godfather of AI’ resigns from Google, warns of the dangers of AI
An Artificial Intelligence (AI) pioneer, nicknamed the “Godfather of AI” has resigned from his position at Big Tech firm Google so he could speak more openly about the potential dangers of the technology.
01.05 / 23:33
London listings: There are glimmers of light in the gloom
David Wighton is a columnist at Financial News
01.05 / 22:23
COST
Warning
Sliding Diesel Prices Signal Warning for U.S. Economy
A nationwide freight slowdown has helped cut U.S. diesel prices by half from last year’s record, raising concerns that parts of the world’s largest economy have begun to slow.
01.05 / 13:27
01.05 / 10:09
COST
Warning
Sliding Diesel Prices Signal Warning for U.S. Economy
A nationwide freight slowdown has helped cut U.S. diesel prices by half from last year’s record, raising concerns that parts of the world’s largest economy have begun to slow.
30.04 / 03:27
business
regulation
Liquidity
Banks
investigation
FDIC pins Signature Bank's failure on poor governance and illiquidity
The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management and inadequate risk management practices as the root cause for its collapse.
30.04 / 02:51
COST
Warning
Sliding Diesel Prices Signal Warning for U.S. Economy
A nationwide freight slowdown has helped cut U.S. diesel prices by half from last year’s record, raising concerns that parts of the world’s largest economy have begun to slow.
29.04 / 10:49
COST
Warning
Sliding Diesel Prices Signal Warning for U.S. Economy
A nationwide freight slowdown has helped cut U.S. diesel prices by half from last year’s record, raising concerns that parts of the world’s largest economy have begun to slow.
29.04 / 07:33
markets
MARKET
Bitcoin price today
Tokens
Ether
Volatility
Bitcoin
Bitcoin extends volatility in climb back to $30,000
Bitcoin pushed its way back toward $30,000, extending a recent period of turbulence around the closely watched round-number level. The largest token rose as much as 3.7% on Thursday to trade at $29,469.45, before paring the advance to around $28,930 as of 9:30 a.m.
28.04 / 21:47
regulation
Banks
Federal Reserve
banking
Silvergate
Bankruptcy
NYDFS
Fed, NYDFS assess their supervisory performance after March’s big bank failures
Bank regulators in the United States have turned from introspection to confession after the high-profile bank failures in March. The New York Department of Financial Services (NYDFS) published its internal review of Signature Bank supervision on April 28, the same day the U.S. Federal Reserve Board released its review of the handling of Silicon Valley Bank (SVB).
28.04 / 09:19
Support
Top Fed Official Signals Support for May Interest-Rate Increase
A top Federal Reserve official said the central bank had more work ahead to bring down inflation, suggesting another interest-rate increase would be warranted at the Fed’s meeting in two weeks.
28.04 / 09:19
COST
Warning
Sliding Diesel Prices Signal Warning for U.S. Economy
A nationwide freight slowdown has helped cut U.S. diesel prices by half from last year’s record, raising concerns that parts of the world’s largest economy have begun to slow.
28.04 / 01:23
business
regulation
Fraud
Police
FBI
Bankruptcy
Former FTX exec Ryan Salame’s home searched by FBI: Report
The home of former FTX co-CEO Ryan Salame has reportedly been searched by the Federal Bureau of Investigation (FBI) as further scrutiny falls on the executive for his close advisory role to Sam Bankman-Fried.
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