New York Financial News

04.03 / 00:53

UPS Provident CEO Action Southern Former FTX CEO faces 12 criminal charges

The federal court who is presiding over the prosecution of the former chief executive officer of FTX, Sam Bankman-Fried, has given the order for a superseding indictment to be disclosed. This indictment contains 12 separate criminal offenses.

03.03 / 23:27

regulation solana European Union US regulators Solana faces 'lack of appetite' from US regulators, says Austin Federa

Austin Federa, head of strategy at the Solana Foundation, spoke to Cointelegraph at the ETH Denver conference on the network's outages, the impact of regulation, and the launch of its mobile device.

03.03 / 21:05

markets Funding Banks FTX banking Bitcoin crypto market cap Total crypto market cap takes a hit amid Silvergate Bank crisis

Cryptocurrency markets experienced a relatively calm month in February as the total market capitalization gained 4% in the period. However, the fear of regulatory pressure appears to be having an impact on volatility in March.

03.03 / 15:57

Binance CEO Tether USDT Platform Action coinbase Time BUSD’s market cap falls to this level for the first time in 2 years

Binance USD [BUSD] is the world’s third largest stablecoin by market capitalization. However, that market cap has shrunk considerably over the past few weeks. BUSD began the year with a market capitalization of $16.5 billion. Until press time, the figure had dropped more than 40% to $9.6 billion, the lowest it’s been in two years.

03.03 / 14:09

Provident Williams SEC Platform Deal Judge questions SEC’s objection to Voyager-Binance.US deal

The United States judge overseeing Voyager Digital’s bankruptcy case has chastised the Securities and Exchange Commission (SEC) for its ambiguous reasoning for objecting to the crypto lending firm’s proposed sale to Binance.US. The details have been shared in a report published by Reuters.

03.03 / 11:39

Target Pool SoftBank Arm delivers blow to London markets as more listings head to US

Some of Europe’s biggest companies are turning toward the US to list shares as they seek to fuel growth and attract a bigger pool of investors and acquisition targets — a blow to London’s stature as Europe’s preeminent financial centre post-Brexit.

03.03 / 08:57

business Stablecoin Binance regulation SEC coinbase Paxos regulatory Binance USD market cap falls below $10B amid rising regulatory concerns

Binance USD (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory crackdown on its token issuer and a planned delisting from a major crypto exchange.

03.03 / 06:37

business Binance Court Bankruptcy Deal SEC objection to Voyager-Binance.US deal questioned by US judge

The bankruptcy judge on Voyager Digital’s case has reportedly scolded the United States securities regulator over its ambiguous reasoning for objecting to the crypto lending firm’s proposed sale to Binance.US.

01.03 / 23:13

CFTC regulation SEC Fraud FTX SEC, CFTC press civil charges against former FTX exec Singh parallel to criminal case

Civil charges were announced against former FTX director of engineering Nishad Singh on Feb. 28, the same day he entered a guilty plea to three counts of criminal fraud in Manhattan district court. Both the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are pressing charges against Singh.

01.03 / 19:39

Cravath makes major London push with Shearman hires

Elite New York law firm Cravath, Swaine & Moore is set to launch an English law offering with the hire of a team from Shearman & Sterling in London.

01.03 / 19:12

Blockchain Technology Twitter Twitter down the same day Jack Dorsey launches decentralized alternative

Twitter suffered another outage on March 1 as thousands of users flagged issues with Elon Musk’s social media platform. The outage took place as Twitter founder Jack Dorsey’s new project, Bluesky, went into beta testing.

01.03 / 15:19

UPS raid Cravath’s London raid on Shearman signals law’s private equity revolution

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01.03 / 13:15

FTX Fried Sam Pressure Mounts on FTX Founder Sam Bankman-Fried as Former Director of Engineering Pleads Guilty – Here's What You Need to Know

Nishad Singh, the former director of engineering at now-defunct crypto exchange FTX, has pleaded guilty to U.S. criminal charges, agreeing to cooperate with the investigation into FTX founder Sam Bankman-Fried.

01.03 / 01:15

MET Reuters SEC CEO Software Southern FTX Director Singh Pleads Guilty to Criminal Charges, Sued For Fraud By SEC

Former FTX Director of Engineering Nishad Singh pleaded guilty to federal fraud charges on Tuesday according to Reuters and was then sued for fraud by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), who alleged he wrote code that helped misappropriate customer funds.

28.02 / 20:35

Reuters Cooper CEO Southern FTX: Nishad Singh pleads guilty to criminal charges

Nishad Singh, the former director of engineering of bankrupt crypto exchange – FTX, pleads guilty to United States criminal charges. As per the disclosure made at a court hearing today, Sing admitted being guilty to six criminal charges, Reuters reported. The charges include wire fraud, conspiracy to commit fraud, conspiracy to commit money laundering, and conspiracy to defraud the United States by violating election financing laws.

28.02 / 17:17

Blockchain Provident Binance SEC Action coinbase Coinbase suspends Binance stablecoin

Trading in BUSD will be suspended on March 13 on Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.

28.02 / 16:51

Cravath makes major London push with Shearman hires

Elite New York law firm Cravath, Swaine & Moore is set to launch an English law offering with the hire of a team from Shearman & Sterling in London.

28.02 / 12:55

Binance coinbase Coinbase Pro BUSD Exchange Stablecoin Wars Hot Up - Coinbase to Suspend BUSD Trading on March

Coinbase has announced the suspension of Binance USD (BUSD) trading, saying that the stablecoin does not meet its listing standards.

28.02 / 02:47

Provident SEC Platform coinbase Robinhood receives investigative subpoena by SEC over crypto listing

Robinhood, a leading American financial service provider, disclosed a subpoena by the United States Securities and Exchanges Commission (SEC). The disclosure made in the annual report stated that it received an investigative subpoena related to cryptocurrency listing and platform operations. Additionally, the firm also stated that its reputation could stand to take damage because of a “prolonged weakness” in the cryptocurrency market.

28.02 / 01:15

Provident Binance SEC Platform Action coinbase Coinbase To Stop Trading Binance's BUSD Stablecoin

Coinbase (COIN) will suspend trading of rival exchange Binance's BUSD stablecoin, adding to Binance's woes just days after crypto-platform Paxos was forced to halt its minting of BUSD.

27.02 / 23:35

markets SEC Asia Federal Reserve Central Bank Interest rates Bitcoin regulatory Bitcoin bulls remain in charge even in the face of increasing regulatory FUD

Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors' hope for a soft landing and the possible aversion of a recession in the U.S. economy.

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