New York Financial News

18.03 / 12:35

Student-Loan Bills Are Set to Come Due, Adding Pressure on Younger Americans

The expected restart of student-loan repayments later this year could add to pressure on younger borrowers, who are already falling behind on debt in an era of high inflation and rising interest rates.

18.03 / 01:53

regulation Banks Congress Silicon Valley Signature Bank hearing Congress announces March 29 hearing into failures of SVB and Signature Bank

Representatives from the Federal Deposit Insurance Corporation and Federal Reserve will be testifying before the United States House Financial Services Commission in a newly announced hearing investigating the collapse of two major banks.

17.03 / 22:43

markets business Blockchain Binance Investments Binance USD Binance replaces BUSD in SAFU Fund with TUSD & USDT

Cryptocurrency exchange Binance announced on March 17 that it has replaced BUSD holdings in the Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT). The move comes in response to Paxos' recent decision to stop minting new Binance USD (BUSD), leading to a decrease in BUSD's market capitalization over time.

17.03 / 20:17

UPS JPMorgan Platform coinbase Assurant Bitcoin Coinbase reportedly plans on opening new crypto trading platform overseas

Coinbase – the leading American-based crypto exchange – is reportedly planning on setting up a new Bitcoin (BTC) and crypto trading firm overseas. According to a report by Bloomberg, the exchange is moving in this direction in order to attract global clients. Notably, the exchange is planning on opening a new platform despite already having a presence in multiple countries including the UK, India, Singapore, UAE, and others.

17.03 / 19:39

Law regulation European Union ‘If a government bans drugs, it should also ban crypto’ — Belgium’s former finance minister

Johan Van Overtveldt, a member of the European Parliament and the former Minister of Finance of Belgium, has called for a “strict ban” on crypto as a result of the current banking crisis.

17.03 / 19:07

Silicon Valley Bank parent files for bankruptcy

The parent company of Silicon Valley Bank filed for bankruptcy, easing a sale of its remaining assets after the technology-focused bank at the core of its business was seized by federal regulators.

17.03 / 18:29

JPMorgan Platform AES Credit Suisse’s Americas algo sales head joins XTX Markets

Credit Suisse's former Americas head of sales for its AES algorithmic trading platform is joining XTX Markets as its new head of Americas distribution.

17.03 / 16:41

Ethereum Binance CoinMarketCap Southern SVB Financial SVB Financial files for Chapter 11 Bankruptcy as Bitcoin, cryptos see green

On one hand, Bitcoin (BTC) and other cryptocurrencies have started to thrive in the market. On the other hand, the picture is quite the opposite as far as the traditional banking system in the United States is concerned. Amidst the collapse of the banking system, SVB Financial group has announced that it is commencing bankruptcy proceedings.

17.03 / 15:17

Stablecoin MARKET banking USDC Silvergate tokenization Tokenized Diamond Market Booms Amid Crypto Banking Crisis as Investors Seek Hard Assets – Here's What You Need to Know

At the time when banks were collapsing last weekend and a major stablecoin depegged, tokenized diamond sales jumped 300%.

17.03 / 14:53

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.

17.03 / 12:35

Student-Loan Bills Are Set to Come Due, Adding Pressure on Younger Americans

17.03 / 01:07

regulation Congress SVB Signature Bank lawmaker US lawmaker suggests Signature's collapse was tied to instability of crypto

Michael Bennet, a United States Senator representing the state of Colorado, has suggested that banks that associated with crypto firms did not make “prudentially sound” decisions.

17.03 / 00:07

markets Stablecoin Banks Federal Reserve Derivatives Silvergate Bitcoin Bears Bitcoin bears could face $440M loss in Friday's options expiry

The rejection that followed Bitcoin's (BTC) rally to $26,500 may appear to be a victory for bears, but $24,750 on March 14 was the highest daily close in nine months. Furthermore, Bitcoin has gained 26.5% since March 10, when the California Department of Financial Protection and Innovation shut down Silicon Valley Bank (SVB).

16.03 / 20:19

UPS Williams SEC Trump 500 SEC Accuses Chinese Businessman with Ties to Donald Trump Advisor of Orchestrating $500 Million Crypto Fraud – What's Going On?

The Securities and Exchange Commission (SEC) has charged the exiled Chinese business tycoon Miles Guo with fraud related to crypto and other assets.

16.03 / 17:21

Manufacturing Micron A $100 Billion Bet on Semiconductors Hinges on Remaking Upstate New York’s Workforce

CLAY, N.Y.—A shortage of skilled workers in places such as this Syracuse suburb is posing a major challenge for the Biden administration’s ambitious plan to spur chip manufacturing in the U.S.

16.03 / 16:41

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.

16.03 / 16:23

Student-Loan Bills Are Set to Come Due, Adding Pressure on Younger Americans

16.03 / 16:23

JPMorgan Platform Credit Suisse’s Americas algo sales head joins XTX Markets

Credit Suisse's former Americas head of sales for its AES algorithmic trading platform is joining XTX Markets as its new head of Americas distribution.

16.03 / 16:19

Blockchain UPS Ripple XRP SEC Enterprise Bitcoin Is crypto a commodity or a security?

The crypto industry waits anxiously for the decision of Judge Analisa Torres of the Southern District Court of New York on the Securities and Exchange Commission (SEC) versus Ripple Corporation case. Ripple owns the popular XRP crypto token, which is currently still in the Top 10 of Coinmarketcap.com, a popular token-tracking website.

16.03 / 12:49

regulation SVB Bitcoin Signature Bank FDIC asked Signature buyers to stop all crypto business: Report

The United States Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of some failed U.S. banks not to support any crypto services.

16.03 / 12:49

Binance regulation SEC Court Holdings Deal Binance-Voyager deal to go without holdings, NY judge rules

The District Court of the Southern District of New York declined the United States government’s reasonings for halting the acquisition of bankrupt brokerage company Voyager by Binance.US. According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return their funds.

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