New York Financial News

10.02 / 08:55

business Stablecoin Binance regulation Paxos Financial Services Stablecoin issuer Paxos reportedly probed by New York regulators

Paxos Trust Company — the New York-based stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is reportedly being investigated by the New York Department of Financial Services (NYDFS).

09.02 / 21:55

Law regulation crimes Messaging App restrictions Sam bail Judge extends Sam Bankman-Fried’s bail restrictions on messaging apps: Report

A federal judge has reportedly denied oral arguments proposing former FTX CEO Sam Bankman-Fried be allowed to use certain messaging apps.

09.02 / 17:29

reports Apollo reports return to profit after reversing asset writedowns

Apollo Global Management Inc. recorded a fourth-quarter profit as it reversed a string of quarterly asset writedowns and posted record fee-based revenue.

09.02 / 16:49

Adoption Digital Asset BNY 90% of BNY Mellon's Institutional Clients are Interested in Digital Assets: Report

The bulk majority of Bank of New York Mellon's clients are interested in investing in digital assets despite the recent market meltdown.

09.02 / 08:57

business Blockchain Adoption goldman sachs Bitcoin BNY US banking giant BNY Mellon says digital assets are 'here to stay'

Michael Demissie, the head of digital assets at Bank of New York Mellon (BNY Mellon) is adamant that the cryptocurrency market fall in 2022 won’t waver institutional interest in digital assets.

09.02 / 01:31

business Law Gemini Court Bankruptcy creditors What creditors can expect from Genesis’ bankruptcy — and what others can learn

The holding company of troubled crypto lender Genesis Global Capital, Genesis Global Holdco LLC, filed for Chapter 11 bankruptcy protection in New York on Jan. 19. Genesis is the latest crypto platform to file for bankruptcy, joining Celsius, Voyager, BlockFi and FTX.

09.02 / 00:31

business Technology Digital NFT Web3 Metaverse Hermès wins case against Mason Rothschild’s Metabirkins

On Feb 8, a jury trial in the Southern District of New York reached a verdict in Hermès' lawsuit against MetaBirkins. The court ruled that artist Mason Rothschild had violated the trademark protections of the brand Hermès. Rothschild's 100 "Metabirkins" NFTs were found to not be artistic commentary and therefore not protected by the First Amendment of the US Constitution.

08.02 / 23:29

Law regulation Bankruptcy hedge fund Lawyers NOT 3AC founder has 'chosen to ignore his duties' by not responding to subpoena, say bankruptcy lawyers

Three Arrows Capital founder Kyle Davies has not responded to a subpoena issued over Twitter aiming to gather information related to the firm’s assets.

08.02 / 14:01

coinbase insider trading DOJ Coinbase Insider Trading Scandal Rocks Crypto Community – Former Employee Pleads Guilty

A former employee of major cryptocurrency exchange Coinbase has pleaded guilty to insider trading, marking the first crypto-related insider trading case in the US.

08.02 / 13:09

Blockchain Adoption education Universities NYU to launch Web3 learning workshop in partnership with NEAR protocol

Education is a well-known barrier to entry for many when it comes to crypto and Web3 space. This is particularly true when it comes to understanding the underlying technology that powers these new innovations.

08.02 / 00:53

regulation Investments SEC Retirement Financial US financial regulators warn against crypto exposure in retirement accounts

Three financial watchdogs in the United States have issued a warning to investors considering certain individual retirement accounts with exposure to cryptocurrencies.

07.02 / 23:53

Law CFTC regulation SEC US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial

Damian Williams, United States Attorney for the Southern District of New York, has petitioned the court to delay civil proceedings against former FTX chief executive officer Sam Bankman-Fried “until the conclusion of the parallel criminal case”.

07.02 / 20:53

Law regulation crimes Messaging App Judge denies motion allowing SBF to use messaging apps

A federal judge has denied a joint agreement between Sam “SBF” Bankman-Fried’s legal team and prosecutors that would have allowed the former FTX CEO to use certain messaging apps.

07.02 / 16:47

business Altcoin Scams Venture Capital avalanche Long-standing crypto project vs. scam: Ava Labs CEO shares key difference

Emin Gün Sirer, creator of the Avalanche Consensus protocol and Ava Labs CEO, believes that there is one very straightforward method to spot a long-standing cryptocurrency project.

07.02 / 16:27

KKR KKR earnings slump but private equity giant beats expectations

KKR stemmed losses in its private equity holdings during the fourth quarter to close out a difficult year.

07.02 / 13:05

Binance Crypto Exchange Binance Shocks Crypto World with Temporary Halt on US Bank Transfers – Here's What's Going On

Binance has announced that it is temporarily suspending US dollar withdrawals and deposits for international customers beginning February 8.

06.02 / 12:59

Donations FTX FTX US Political Donations FTX New Management Sets February Deadline for Repayment of Political Donations Made by Executives

The new FTX management has requested political figures and any other recipients of donations made by Sam Bankman-Fried and other FTX executives to return the funds by the end of the month.

05.02 / 09:15

business Adoption Job Startups London London emerges as world’s most crypto-ready city for business — Research

Along with pro-crypto regulations, mainstream adoption of cryptocurrencies requires a supporting infrastructure that can allow the general public access and exposure to the ecosystem. When considering eight key indicators around taxes, ATMs, jobs and events in crypto, London stands at the top as the most crypto-ready city in the world for businesses and start-ups.

05.02 / 07:01

business Adoption regulation Google Funding Bankruptcy Fried Sam Google invests $300M in AI firm previously funded by Sam Bankman-Fried

Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also happened to receive over $500 million in funds from former FTX CEO Sam Bankman-Fried about six months before FTX catastrophically collapsed.

04.02 / 00:25

business regulation stocks exchanges stock exchange Overstock-funded tZERO Crypto exchange will shut down March 6

The tZERO Crypto exchange, whose majority owner is Overstock, will shut down on March 6, the company announced via Twitter on Feb. 3. The company says that it will continue to focus on its regulated securities products after the shutdown, as the United States Securities and Exchange Commission (SEC) and other regulators clarify the legal status of crypto assets.

03.02 / 15:35

business Mining regulation ASIC Bankruptcy Core Scientific to hand over 27K rigs to pay $38M debt

Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used as collateral.

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