New York Financial News

Satvik Sethi, payments giant Mastercard's now-former non-fungible token (NFT) product lead, announced that the had resigned from this role on Thursday - but in a surprising and fitting move, he minted his resignation as an NFT.

A group of four men controlled 86% of stablecoin issuer Tether Holdings Limited as of 2018, according to documents obtained by The Wall Street Journal in connection with United States authorities investigations.

Lawyers representing a crypto user allegedly behind a $116-million exploit of decentralized exchange Mango Markets have consented to detention in the criminal case involving commodities fraud, commodities market manipulation and wire fraud.

Major crypto exchange Coinbase has achieved success in its legal battle related to a lawsuit filed by a group of clients who claimed the platform facilitated the sale of unregistered securities and failed to register as a broker-dealer. The exchange managed to secure a dismissal of the class-action suit. 

HSBC, the British multinational bank which manages the largest amount of assets in Europe, doubles down its interest in digital currencies. The bank is looking for a top executive to work with asset tokenization. 

A proposed class action suit against cryptocurrency exchange Coinbase, Coinbase Global and CEO Brian Armstrong alleging unregistered securities sales was dismissed in the United States District Court of Southern New York on Feb. 1. The suit, filed on March 11, claimed that 79 of the tokens listed on Coinbase were securities being sold without proper registration and customers were not warned of their risks.

A federal judge presiding over the criminal case against former FTX chief executive officer Sam Bankman-Fried has ordered he not have any contact with current or former employees of the exchange as part of his bail conditions.

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Shearman & Sterling was one of the original members of New York’s finance law elite.

Bankrupt cryptocurrency lending firm Celsius had come up with a withdrawal process for users who had their crypto in its custody when it stopped withdrawals in June 2022.

[content][quote]Market Story[/quote][title]Dogecoin outperforms top 10 coins, experiences significant 8.1% increase[/title][body]On Tuesday, the cryptocurrency market experienced little change with the exception of Dogecoin which saw a notable 8.1% increase.> TradingView reported that Bitcoin dipped 0.3% to $23,117 while Ether also saw a 0.3% decrease, settling at around $1,583. Binance Coin saw a small 1.1% rise, while Cardano's ADA declined by 0.7%.> Meanwhile, Polygon's MATIC experienced a 1.7% increase following a decrease the previous day.> Both Dogecoin and Shiba Inu, two memecoins with a dog theme, saw growth with Dogecoin rising by 8.1% and Shiba Inu by 0.5%.> In the stock market, Silvergate shares climbed 4.5% to around $13 by 10:00 AM, as reported by Nasdaq data.> Other crypto stocks, including Block led by Jack Dorsey, saw a 2.2% rise to trade at around $82, while MicroStrategy rose 2.5%. Coinbase also saw growth with a 1% increase.[/body][/content]

US mutual insurer New York Life has named Candriam's Naïm Abou-Jaoudé as chief executive of its global investment management business.

Bitcoin (BTC) mining company Greenidge Generation has significantly reduced its debt with the investment management firm, New York Digital Investment Group (NYDIG).

The two people who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could have their identities revealed next month after a recent ruling by United States District Judge Lewis Kaplan.

United States prosecutors in the criminal case against former FTX chief executive officer Sam Bankman-Fried have released text and email messages from SBF to current CEO John Ray.

New York State’s Department of Financial Services is reportedly investigating cryptocurrency exchange Gemini over claims the firm made in regards to assets under its Earn lending program.

US mutual insurer New York Life has named Candriam's Naïm Abou-Jaoudé as chief executive of its global investment management business.

The namesake conglomerate of India’s richest man, Gautam Adani, fired back at an American short seller, but the group’s 413-page response didn’t stop a slide in the shares and bonds of its companies on 30 January.

USD Coin (USDC) issuer Circle has released an accountant-verified report of its treasury reserve holdings backing more than $44.5 billion worth of tokens currently in circulation.

The trademark infringement trial between French luxury brand Hermès and digital artist Mason Rothschild is set to go ahead on Jan. 30 in a Manhattan federal court.

Ruja Ignatova, the Bulgarian fugitive behind the $4 billion fake cryptocurrency scam, is suspected to have resurfaced her London apartment was recently listed for sale, five years after she disappeared.