New York Financial News

10.03 / 01:03

Ethereum ETH Kucoin BLOCK SEC Enterprise Luna NYAG lists Ethereum (ETH) as security in lawsuit against Kucoin

The New York Attorney General Letitia James has sued the crypto exchange – Kucoin. The AG claims that Kucoin violated the Martin Act in three ways, with the first one being offering and purchasing unregistered securities and commodities. Here, AG James claims Ethereum (ETH) to be a security.

09.03 / 20:35

Lowe's Low jobless claims U.S. Jobless Claims Jump But Remain Historically Low

Worker filings for U.S. unemployment benefits jumped last week due to increases in New York and California but remained historically low, as demand for labor outstrips the number of people looking for work.

09.03 / 16:57

sentencing Ex-Goldman banker awaits sentencing for 1MDB scandal

A former Goldman Sachs banker is set to be sentenced on 9 March for helping to loot billions of dollars from a Malaysian sovereign-wealth fund in a global financial scandal that tarnished the Wall Street bank.

09.03 / 16:37

Binance SEC CEO Action regulatory Binance pivots to stablecoins after SEC regulatory action

Binance, the world's largest cryptocurrency exchange by trading volume, has turned to alternative stablecoins following regulatory action by the US Securities and Exchange Commission (SEC) against its native stablecoin, Binance USD (BUSD). The SEC sent a Wells notice to Binance, alleging that BUSD violates US securities law. The New York Department of Financial Services (NYDFS) also asked BUSD issuer Paxos Trust to stop minting new BUSD, which forced Binance to look for alternative ways to meet its stablecoin needs.

09.03 / 16:11

CEO JPMorgan Fallout Chase JPMorgan Chase sues former senior banker with ties to Jeffrey Epstein

JPMorgan Chase sued its former investment banking chief Jes Staley over his ties to disgraced former financier Jeffrey Epstein, alleging that Staley is to blame for any legal fallout from a pair of lawsuits against the bank.

09.03 / 12:45

Bankruptcy Celsius Bankrupt crypto network Bankrupt Crypto Lender Celsius Network Pursues New Buyer Despite Existing Offer – What's Going On?

The bankrupt cryptocurrency lender, Celsius Network, is reportedly pursuing more bids and exploring new buyers despite having an offer on the table.

09.03 / 11:31

Stablecoin regulation BitMEX Arthur Hayes Bitcoin BitMEX co-founder Arthur Hayes proposes Bitcoin-based stablecoin

Amid the United States regulators increasingly scrutinizing stablecoins, the community continues to pitch new ideas of stablecoins independent from the U.S. dollar.

08.03 / 21:33

UPS Target Software Tesla Highways Occidental Caseys Stocks making the biggest moves midday: Stitch Fix, Tesla, WeWork, Campbell Soup and more

Check out the companies making headlines in midday trading.

08.03 / 16:15

Blockchain Adoption Investments Web3 Funding Decentralization hedge fund Transform Ventures launches holding company for blockchain with $100M AUM

Transform Ventures has co-invested in a new holding company in what it states is an effort to accelerate blockchain investment and innovation. Alpha Transform Holdings (ATH) aims to support the blockchain ecosystem through investments via two new funds.

08.03 / 14:29

Blockchain Technology Adoption Binance defi Investments 15 influential women entrepreneurs in Web3

Web3, the next generation of the internet, is an exciting new space creating opportunities for entrepreneurs across various industries. While the field is still somewhat male-dominated, several influential women entrepreneurs are significantly impacting the Web3 space.

08.03 / 14:07

Binance regulation SEC Legal Investment Binance.us Deal US Bankruptcy Judge Approves Binance.US $1.3B Deal for Voyager Digital, but Hurdles Remain – Here's the Latest

Bankrupt crypto lender Voyager Digital is allowed to sell its assets to Binance's American arm, Binance.US, and transfer its customers to the exchange - but this is not the end.

08.03 / 13:27

Binance Digital Platform Customer Binance cleared to take over Voyager’s customer accounts

Binance’s American affiliate won court approval to take over thousands of customer accounts from bankrupt crypto platform Voyager Digital despite warnings that the Binance.US exchange faces possible regulatory action.

08.03 / 03:29

UPS Twitter Binance CoinMarketCap Fallout Southern court approval Binance US wins court approval to acquire Voyager’s assets

Binance.US – the American subsidiary of Binance – has defeated the United States Securities and Exchanges Commission (SEC). The American crypto exchange won the rights to acquire Voyager Digital’s assets, according to a report by Bloomberg. The bankruptcy judge of the Southern District of New York – Michael Wiles – gave the crypto exchange the green light after four days of the hearing. The judge struck down the claims made by the SEC.

07.03 / 22:53

markets Binance Tether Bitcoin Bitcoin Price Key Bitcoin price metrics point to BTC downside below $22.5K

Bitcoin (BTC) faced a 1-hour $1,420 pullback on March 3 following Silvergate Bank's 57.7% stock crash which was due to significant losses and "suboptimal capitalization." The U.S. fintech-friendly bank was a key financial infrastructure provider for exchanges, institutional investors and mining companies and some investors are worried that its potential demise could have wide-ranging negative impacts on the crypto sector.

07.03 / 16:00

CEO Platform Software Southern bail US proposes new bail conditions for former FTX CEO

The former CEO of cryptocurrency exchange FTX, Sam Bankman-Fried (SBF), is facing new bail conditions proposed by the United States Department of Justice. The proposal was submitted to District Judge Lewis Kaplan of the Southern District of New York, and includes a prohibition on using smartphones, tablets, computers, or any video game platforms or devices that allow chat and voice communication. Instead, Bankman-Fried's communication would be restricted to a «flip phone or other non-smartphone with either no internet capabilities or internet capabilities disabled.»

06.03 / 15:51

Citi City faces battle to restore London’s listing lustre as Arm drops capital for New York

London is losing out on a growing number of companies choosing to ditch the City to list in the US. CRH, Arm and WANdisco have all departed this month, joining gambling firm Flutter in February.

06.03 / 15:45

Stablecoin Binance regulation Paxos Terra Here’s how Binance is mitigating its stablecoin needs after BUSD ban

Binance has turned to a new set of stablecoins in the wake of the United States Securities and Exchange Commission’s (SEC) regulatory action against its native stablecoin, Binance USD (BUSD). The SEC had sent a Wells notice, alleging BUSD violates U.S. securities law.

05.03 / 07:19

business cryptocurrency FTX FTX Crash Fried Sam bail Sam Bankman-Fried might use flip phone under stricter bail plan

Prosecutors and attorneys for FTX founder Sam Bankman-Fried are requesting the disgraced cryptocurrency entrepreneur be allowed a flip-phone or another device thats not a smartphone while on bail.

04.03 / 23:13

business FTX Court Bankruptcy Fried Sam bail DOJ seeks to narrow Sam Bankman-Fried's bail terms, use only flip phones

The United States Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried (SBF), a court filing made late March 3 shows.

04.03 / 16:37

CEO Southern Fried Sam Sam Bankman-Fried to use flip phone, and no video games: U.S. DOJ

FTX founder Sam Bankman-Fried may face additional restrictions on his internet usage as part of his bail conditions. The United States Department of Justice has recommended a flip phone with no internet connectivity for the disgraced founder.

04.03 / 16:05

Provident Target Binance Digital SEC Platform Action regulatory What Being In Regulatory Crosshairs Means For Binance

Multiple U.S. regulators have the world's largest crypto platform, Binance, in their crosshairs. casting doubt on the path ahead.

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