New York Financial News

23.03 / 01:17

UPS Twitter CEO Southern Holdings Crypto Holdings settlement Bankruptcy Judge: Celsius Account Holders Can Retrieve 72.5% of Crypto Holdings, Permitted They Opt-In to Settlement Plan

Custody account holders with the now-bankrupt crypto lender Celsius will be able to get back 72.5% of their holdings, as long as they agree to a settlement plan.

23.03 / 00:13

Law regulation SEC TRON SEC files lawsuit against Tron’s Justin Sun and celebrities over crypto securities offering

The United States Securities and Exchange Commission, or SEC, has called for a jury trial against Tron founder Justin Sun for the “orchestration of the unregistered offer and sale, manipulative trading, and unlawful touting of crypto asset securities.”

22.03 / 20:45

Binance SEC Tether USDT Action Assurant Bitcoin Binance Replaces BUSD with TUSD and USDT in SAFU Fund

Binance, one of the world's largest cryptocurrency exchanges, announced on March 17 that it has replaced the Binance USD (BUSD) holdings in its Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT). The move comes in response to Paxos' recent move to stop minting new BUSD, which has led to the asset's market capitalization falling. SAFU is an emergency insurance fund established by Binance in July 2018 to protect users' funds in case of security breaches or other unforeseen events.

22.03 / 19:15

Strategy Deal Credit Suisse bankers fume over stalled CS First Boston deal: ‘It was a glimmer of hope’

Just a few weeks ago, 300 of Credit Suisse’s top dealmakers gathered in New York to hear the vision for the Swiss bank’s new ‘super-boutique’ CS First Boston.

22.03 / 13:05

week jobless claims Jobless Claims Fell Last Week, Showing Still Strong Labor Market

Applications for unemployment benefits fell last week, showing the U.S. labor market remains strong as other signs point to a cooling economy.

22.03 / 01:01

Law regulation Bankruptcy Celsius Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge

A bankruptcy judge overseeing the bankruptcy case for crypto lending platform Celsius Network has approved a settlement plan allowing custody account holders to get back 72.5% of their crypto holdings.

21.03 / 15:33

Citi JPMorgan Tesla UBS Moodys Stocks making the biggest premarket moves: Tesla, First Republic, UBS, Foot Locker and more

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21.03 / 13:09

week jobless claims Jobless Claims Fell Last Week, Showing Still Strong Labor Market

Applications for unemployment benefits fell last week, showing the U.S. labor market remains strong as other signs point to a cooling economy.

21.03 / 09:49

Blockchain UPS Telegram Platform Strategy Discover Ava Labs Institutional Adoption Building Resilience: The Realities of Blockchain Regulation, Zero-Knowledge, DeFi, and Institutional Adoption

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

21.03 / 00:03

business Payments coinbase Banks Signature Bank Support Coinbase pauses support for Signature Bank's Signet: Report

More than a week after New York regulators closed the crypto-friendly Signature Bank, Coinbase has reportedly stopped support for the institution’s Signet payment platform.

20.03 / 20:45

Provident VISA coinbase BNI SVB Circle Partners with Cross River Bank for USDC Production and Redemption

Circle, a leading global crypto finance company, has announced that it has partnered with Cross River Bank for producing and redeeming USD Coin (USDC), its flagship stablecoin pegged to the US dollar. Cross River Bank is a recognized leader in providing banking services to fintech and crypto firms, including Visa and Coinbase. In addition to Cross River Bank, Circle has also expanded relationships with other banking partners to assist with USDC redemption, including Bank of New York Mellon (BNY Mellon), which already provides custody services for Circle's reserves.

20.03 / 20:11

Amazon UBS DELL Stocks making the biggest moves midday: First Republic, UBS, Virgin Orbit, Dell and more

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20.03 / 19:53

Binance SEC BUSD Binance.us regulatory Binance Crypto Exchange Braces for Regulatory Onslaught: Can the Crypto Giant Withstand the Escalating Pressure from US Authorities?

Binance is increasingly taking heat from regulators on multiple fronts, with its US business being the most vulnerable to ongoing crackdowns by the Securities and Exchange Commission (SEC).

20.03 / 18:59

COST UPS Provident Digital NOT Flagstar Bank buys Signature Bank, crypto business not included

New York Community Bancorp-owned Flagstar Bank has offered to buy Signature Bank, the crypto-friendly financial institution that was seized by the U.S. Federal Deposit Insurance Corp (FDIC) last week.

20.03 / 17:01

Provident Booking Credit Suisse short-sellers book $430m in profit

The Credit Suisse crisis has rewarded short-sellers with millions in profit as market panic left the Swiss banking giant's share price reeling.

20.03 / 15:31

UBS Zions KeyCorp PacWest Stocks making the biggest moves premarket: First Republic, UBS, Enphase Energy

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20.03 / 08:01

business regulation us government Banks Federal Reserve Press Release NOT FDIC sells Signature Bank deposits to Flagstar, crypto not included

Only a week after its collapse, Signature Bank’s deposits and loans are set to be sold to Flagstar Bank, a subsidiary of New York Community Bancorp — crypto-related deposits however, will not be part of the deal.

20.03 / 05:15

business Europe Banks Federal Reserve Central Bank Bank of England Bitcoin Fed, central banks enhance ‘swap lines’ to combat banking crisis

The United States Federal Reserve has announced a coordinated effort with five other central banks aimed at keeping the U.S. dollar flowing amid a series of banking blowups in the U.S. and in Europe.

19.03 / 12:35

week jobless claims Jobless Claims Fell Last Week, Showing Still Strong Labor Market

Applications for unemployment benefits fell last week, showing the U.S. labor market remains strong as other signs point to a cooling economy.

18.03 / 14:07

business regulation FTX Fried Sam bail week Sam Bankman-Fried to propose revised bail package 'by next week'

The lawyer representing crypto entrepreneur Sam Bankman-Fried (SBF) in the ongoing FTX case will soon present a revised bail package to Judge Lewis Kaplan of the Southern District of New York. The move comes after Kaplan expressed displeasure about SBF’s use of encrypted-messaging apps and virtual private network (VPN) services while out on bail.

18.03 / 12:35

week jobless claims Jobless Claims Fell Last Week, Showing Still Strong Labor Market

Applications for unemployment benefits fell last week, showing the U.S. labor market remains strong as other signs point to a cooling economy.

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