New York Financial News

18.01 / 20:23

business regulation Fraud crimes FTX fallout: SBF trial could set precedent for the crypto industry

After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating securities laws.

18.01 / 20:23

Law regulation Department Of Justice International US authorities seize crypto website Bitzlato as part of international enforcement action

The United States Department of Justice is expected to announce a “major international cryptocurrency enforcement action.”

18.01 / 17:35

State Street asset management boss says anti-ESG backlash has been ‘challenging’

State Street’s asset management boss admits navigating the anti-ESG backlash, which has reached a fever pitch in the US, has been “challenging”.

18.01 / 15:27

cryptocurrency Adoption economics Financial Did Magical Thinking Born of Financial Crisis Fuel Rise of Crypto – Was it Actually Realistic Thinking?

Cryptocurrencies are "a manifestation of a magical thinking" born out of a financial crisis, said a finance professor. But there could be something very real behind it. Though not intentionally, the professor may have made a case for the 'financial crisis' being ever-present as cracks in the system persist.

16.01 / 23:35

Binance CFTC SEC Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution

The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” program.

16.01 / 11:47

Crossover hedge funds are still launching despite a rough 2022

Hedge funds investing in fast-growing public and private companies lost tens of billions of clients’ money last year. That isn’t stopping more “crossover” funds from launching.

15.01 / 13:45

UPS week Economy Week Ahead: Consumer Inflation in Focus

The Federal Reserve Bank of New York releases its December survey of consumers’ expectations on inflation, labor-market conditions and household finances.

15.01 / 08:23

business Blockchain regulation Fraud US President Former FTX US President lashes out at 'insecure' SBF in 49-part Twitter thread rant

Former FTX US President Brett Harrison has lashed out at Sam Bankman-Fried for manipulating and threatening colleagues who proposed solutions to reorganize FTX US' management structure.

15.01 / 01:05

business FTX Bankruptcy Alameda Research had a $65B secret line of credit with FTX: Report

Former FTX CEO Sam Bankman-Fried (SBF) reportedly ordered Gary Wang, co-founder of the crypto exchange, to open a $65 billion "secret backdoor line of credit" for Alameda Research, according to FTX attorney Andrew Dietderich.

14.01 / 23:19

Blockchain defi avalanche MetaMask Ava Labs network How to connect the Avalanche network to MetaMask?

One of the main properties advanced in blockchain technology is interoperability, the art of different blockchains communicating with one another. Interoperability is crucial when it comes to exchanging data and assets such as nonfungible tokens (NFTs) or cryptocurrencies while enjoying the best of two or more platforms to save on fees, for example, or transact faster.

14.01 / 20:33

business Mining regulation New York State New York sued by environmental group after approval of crypto mining facility: Report

The New York Public Service Commission (PSC) was sued by environmental activists on Jan. 13 for approving the takeover of a cryptocurrency mining facility in the state.

14.01 / 17:07

regulation Bitcoin Can Canada stay a crypto mining hub after Manitoba’s moratorium?

Canada has remained a peculiar regulatory alternative to the neighboring United States in regard to cryptocurrency. While its licensing process has become more stringent than in some countries, Canada was the first to approve direct crypto exchange-traded funds. State pension funds have invested in digital assets, and crypto mining firms have moved to the country to take advantage of the cool temperatures and cheap energy prices.

14.01 / 14:01

UPS week Economy Week Ahead: Consumer Inflation in Focus

The Federal Reserve Bank of New York releases its December survey of consumers’ expectations on inflation, labor-market conditions and household finances.

14.01 / 01:43

markets Gemini Funding Bitcoin crypto market cap Total crypto market cap closes in on $1T right as Bitcoin price moves toward $20K

The total cryptocurrency market capitalization reached its highest level in over two months on Jan. 13 after breaking above the $900 billion mark on Jan. 12.

13.01 / 21:17

business Mining Bankruptcy Celsius' mining arm announces $1.3M sale of equipment

The mining arm of crypto lender Celsius Network has issued a notice for the sale of $1.3 million worth of mining equipment as part of its bankruptcy case.

13.01 / 15:49

Citi Immunic Even as NY nurses return to work, more strikes could follow

Even as 7,000 nurses return to work at two of New York's busiest hospitals after a three-day strike, colleagues around the country say it's just a matter of time before frontline workers at other hospitals begin walking the picket line.

13.01 / 12:17

UPS week Economy Week Ahead: Consumer Inflation in Focus

The Federal Reserve Bank of New York releases its December survey of consumers’ expectations on inflation, labor-market conditions and household finances.

13.01 / 11:07

UPS Target Pool Backed Goldman Sachs Asset Management allocates $15.2bn for PE-backed junior investments

Goldman Sachs Group’s asset-management arm said it has rounded up $15.2bn to make junior debt investments in companies backed by private-equity firms, the latest pool targeting mezzanine financing.

13.01 / 04:57

business Court Media Major media outlets demand identities of SBF's $250M bond guarantors

Eight major media companies including Bloomberg, The Financial Times and Reuters have demanded public disclosure of the two individuals responsible for guaranteeing FTX former CEO Sam Bankman-Fried's $250 million bond.

12.01 / 23:01

Law regulation crimes FTX Like son, like father as Joseph Bankman retains attorney: Report

Joseph Bankman, the father of former FTX chief executive officer Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward.

12.01 / 20:15

Government Law Adoption crypto legislation Congress may be ‘ungovernable,’ but US could see crypto legislation in 2023

The United States House of Representatives finally elected a speaker last week, concluding a four-day, 15-ballot ordeal that left many wondering if political gridlock was now the new normal in the U.S., and if so, what the consequences would be.

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