New York Financial News

29.01 / 16:13

Adoption New York State Takes a Step Toward Cryptocurrency Adoption with New Bill

The state of New York has announced a new bill that would allow agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state.

27.01 / 22:45

Ethereum Payments regulation Altcoin Bitcoin Regulation legislation Bitcoin New York Assembly introduces crypto payments bill for fines, taxes

A bill introduced to the New York State Assembly on Jan. 26 would allow state agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state.

27.01 / 21:39

business regulation Banks Federal Reserve Central Bank banking Reserve Fed denies Custodia Bank application to join the Federal Reserve System

The United State Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsistent with the required factors under the law.” It also claimed Custodia had an “insufficient” management framework and cited an earlier joint declaration by the Fed with the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency that found crypto assets to be at odds with sound banking practices.

27.01 / 19:07

Twitter CEO Hedge fund billionaire Bill Ackman says Hindenburg’s report about India’s Adani Group is ‘highly credible’

Pershing Square CEO Bill Ackman said Hindenburg Research’s report about Gautam Adani’s corporate empire Adani Group is "highly credible" and "extremely well-researched".

27.01 / 16:09

business Law regulation FTX Court Lawyers FTX lawyers to reap millions from the bankruptcy case: Report

Controversial law firm Sullivan & Cromwell is on track to reap a fortune from its work on the bankruptcy case of the FTX cryptocurrency exchange, according to a new report.

27.01 / 01:09

business Stablecoin Bloomberg Financial Services moody’s Moody’s to build scoring system for stablecoins: Report

Credit rating firm Moody's is allegedly developing a scoring system for stablecoins, with analysis for up to 20 digital assets, Bloomberg reported on Jan. 26, citing unnamed sources.

26.01 / 18:53

Binance coinbase Airlines Apple Enterprise FTX creditors FTX creditors New Filing Shows FTX Creditors Include Netflix, Apple, Binance and Coinbase

The FTX creditor list is a document that reveals the extent of the crypto enterprise's reach and the impact of its bankruptcy. The list is 116 pages long and includes notable companies such as Netflix and Apple. However, it should be noted that 9.7 million customer names have been redacted from the document.

26.01 / 16:51

Target Strategy Blackstone earnings hit by real estate investment decline

Blackstone’s net income fell during the fourth quarter, and the investing giant’s assets under management came in shy of the $1tn target it expected to reach in 2022 as fundraising weakened in some of its strategies aimed at individual investors.

26.01 / 14:33

business regulation Investments FTX investigation SBF allegedly used FTX money to invest $400M in obscure VC firm

Authorities in the United States might have discovered yet another possible component of Sam Bankman-Fried’s (SBF) cryptocurrency empire.

26.01 / 13:43

UPS FIVE Digital CEO Luno HelloGold shuts up shop; Luno cuts 330 jobs

Users have been given until 2nd February 2023 to withdraw their funds. Any gold that remains on account will be sold and funds will be transferred back to users within five working days.

26.01 / 09:27

business Law defi DEX Decentralized Exchange Court Mango Markets sues Avraham Eisenberg for $47M in damages plus interest

Mango Labs, the company behind the decentralized finance (DeFi) protocol Mango Markets has come out with its own lawsuit against exploiter Avraham Eisenberg.

26.01 / 07:49

business FTX Court Bankruptcy Sky Mavis Charities FTX creditor list shows airlines, charities and tech firms caught in collapse

A complete list of the creditors owed money by the bankrupt cryptocurrency exchange FTX has been released, revealing a myriad of companies and government entities wrapped up in its collapse.

26.01 / 05:39

business Stablecoin regulation SEC NYSE Financial Times Usd Coin Circle denies blaming SEC for shuttered $9B plan to go public

A spokesperson for USD Coin (USDC) issuer Circle has denied reports that it blames the United States Securities and Exchange Commission (SEC) over its failed $9 billion plan to go public in December.

25.01 / 22:11

Law regulation Bankruptcy Celsius Judge denies motions from Celsius users seeking to reclaim assets

A judge overseeing bankruptcy proceedings for crypto lending firm Celsius Network has denied motions from three users with different claims on assets stuck since July.

25.01 / 12:03

business Law regulation Bitcoin Cash Genesis sues Roger Ver for $20M over unsettled crypto options trades

Bitcoin Cash (BCH) advocate Roger Ver has sued by a unit of crypto lending firm Genesis over unsettled crypto options amounting to $20.8 million.

25.01 / 11:17

NYSE Mobile McDonald’s freeze NYSE glitch triggers wild price swings, temporary trading freeze

A technical glitch at the New York Stock Exchange on Tuesday briefly caused wild price swings and a temporary trading freeze in stocks of major companies such as Exxon Mobil, McDonald’s and Walmart

25.01 / 01:37

business Mining Funding Bitcoin Bitcoin Price Blockstream raises $125M to finance expanded Bitcoin mining operations

Digital asset infrastructure company Blockstream has raised $125 million to finance its Bitcoin (BTC) mining colocation services, underscoring heightened demand for its institutional hosting services amid the bear market.

24.01 / 19:25

markets Bitcoin Bitcoin Price Bitcoin halts volatility at $23K as BTC hodlers see mass return to profit

Bitcoin (BTC) traded sideways at the Jan. 24 Wall Street open with analysts at a loss over where price would go next.

24.01 / 15:33

coinbase Winklevoss Twins Crypto Exchange Cryptocurrency Exchange Gemini to Lay Off 10% of Workforce – Here’s What Happened

New York-based cryptocurrency exchange Gemini is letting go of 10% of its workforce amid the ongoing bear market that has seen around $2 trillion wiped out of the crypto market.

24.01 / 12:45

COST Target Digital Platform Apple HSBC Backed Aramco-backed fintech opens bank branch in London to help Muslims invest

An investing platform backed by the likes of oil giant Saudi Aramco and French soccer player Paul Pogba is launching a novel proposition in the U.K.: a physical branch and bank accounts backed by gold.

24.01 / 08:23

business lending Court Digital Currency Group Bankruptcy exit resolution Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May

A lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can resolve its creditor disputes as early as this week and the company could come out of Chapter 11 proceedings by late May.

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