New York Financial News

12.01 / 17:03

business Blockchain Ant Jack Ma surrenders control of fintech giant Ant Group

Chinese billionaire and Alibaba founder Jack Ma will no longer control the fintech giant Ant Group as part of recent changes to the company’s corporate structure.

12.01 / 13:37

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.

11.01 / 17:55

business Blockchain FTX FTX has recovered over $5B in cash and liquid crypto: Report

According to FTX attorney Andy Dietderich, the troubled cryptocurrency exchange has "recovered $5 billion in cash and liquid cryptocurrencies." However, the exchange is still "working to rebuild transaction history," and the total amount of customer shortfall is "still unclear." Speaking to a U.S. bankruptcy judge in Delaware on Wednesday, Dietderich also stated that the company plans to sell $4.6 billion worth of non-strategic investment.

11.01 / 14:35

Legal Terra Drop US Investors Drop Terraform Labs Lawsuit

The American investment firm Albright Capital has pulled out of a class action lawsuit against Terraform Labs, the firm behind the Terra protocol and the Terra Luna Classic (LUNC) coin.

10.01 / 19:57

Altcoin Federal Reserve Genesis Trading Bitcoin AI altcoins are pumping — Is this the beginning of the next bull market? The Market Report

This week on The Market Report, the resident experts at Cointelegraph discuss what artificial intelligence (AI) altcoins are, what their potential benefits are, how they work, and whether they can be a catalyst for a 2023 bull market.

10.01 / 17:27

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.

10.01 / 14:43

cryptocurrency banking Metropolitan Commercial Bank Closes Crypto Vertical, Emphasises it Has No Liabilities

US Metropolitan Bank Holding Corp., the parent company of the New York-based, $6.4 billion-asset-heavy Metropolitan Commercial Bank (MCB), said it would "fully exit the crypto-asset related vertical."

10.01 / 10:19

business Law Investments Bloomberg Fried FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case

As the investigation into FTX continues, the crypto exchange’s former engineering chief Nishad Singh followed former FTX and Alameda Research executives Gary Wang and Caroline Ellison by reportedly meeting with federal prosecutors to cut a deal.

10.01 / 04:07

business Blockchain Mining NY law firm investigates potential 'securities fraud' at Core Scientific

A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “securities fraud and other unlawful business practices" which led to its stock price falling on several occasions.

09.01 / 23:31

Binance SEC coinbase Jail NOT SBF claims himself not guilty, faces up to 115 years in jail: Law Decoded, Jan. 2-9

Former FTX CEO Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing, including wire fraud, securities fraud and violations of campaign finance laws. In total, the entrepreneur faces eight criminal counts, which could result in 115 years in prison should he be convicted. Meanwhile, Daniel Friedberg, the controversial lawyer who served as top compliance chief at FTX, has reportedly cooperated with prosecutors and provided them with his knowledge of SBF’s use of customer funds to finance his illegal business scheme.

09.01 / 21:49

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.

09.01 / 17:05

business Adoption Banks exits New York-based bank exits crypto after tumultuous year

The last year proved to be another turbulent year for the crypto industry. From a lasting market downturn and exploits in decentralized finance (DeFi) to the FTX scandal, no area was left unscathed.

09.01 / 17:03

UPS Lawyers Fried Sam Lawyers who worked on cases involving Ghislaine Maxwell and El Chapo roll up sleeves for Sam Bankman-Fried

A pair of attorneys defending FTX founder Sam Bankman-Fried against one of the biggest white-collar prosecutions in decades are veterans of high-profile cases, including ones involving drug lord El Chapo and disgraced socialite Ghislaine Maxwell.

08.01 / 23:15

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.

08.01 / 20:07

business Department Of Justice Gemini investigation Digital Currency Group under investigation by U.S. authorities: Report

Crypto conglomerate Digital Currency Group, or DCG, are under investigation by the United States Department of Justice's Eastern District of New York (EDNY) and the Securities and Exchange Commission (SEC), according to a Bloomberg report.

06.01 / 23:31

Law regulation crimes US authorities launch page to notify FTX’s alleged victims about SBF’s case

The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to Sam Bankman-Fried’s alleged victims of fraud at FTX to come forward and informing them about court proceedings.

06.01 / 23:31

business FTX Digital Currency Group Crypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds

After Sam Bankman-Fried was handed over to United States officials last month, his top lieutenants — Caroline Ellison and Gary Wang — had already been cooperating with the feds. The two pleaded guilty to a slew of charges and agreed to assist the Southern District of New York to investigate FTX and their former boss. SBF had his day in court on Jan. 3 and pled not guilty to all criminal charges.

06.01 / 04:47

Blockchain Ethereum Fraud IRS Mutant Ape Planet creator arrested in NY for alleged $2.9M NFT 'fraud'

The developer of a Mutant Ape Yacht Club knock-off collection — Mutant Ape Planet — has been arrested in New York, charged with allegedly “defrauding” investors of $2.9 million in a "rug pull scheme."

06.01 / 04:27

Technology cryptocurrency Rocky Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit

The crypto industry's woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and high-profile bankruptcies.

06.01 / 03:35

CEO Action New York sues Celsius founder Mashinsky

In addition, the suit says, as Celsius lost hundreds of millions of dollars of assets in risky investments, Mashinsky misrepresented and concealed his firm's deteriorating financial condition. Mashinsky also failed to register as a salesperson for Celsius and as a securities and commodities dealer.Celsius filed for bankruptcy and suspended customer withdrawals in July, citing a $1.19 billion deficit on its balance sheet.

06.01 / 01:23

Law regulation crimes US authorities are turning their attention to FTX's Nishad Singh: Report

Authorities with the United States Securities and Exchange Commission and Commodity Futures Trading Commission as well as prosecutors are reportedly investigating former FTX engineering director Nishad Singh for potentially having a role in defrauding investors and users.

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