New York Financial News
13.12 / 01:11
12.12 / 21:35
regulation
Bitcoin Payments
NYC Mayor stands by Bitcoin pledge amid bear market, FTX: Report
Eric Adams, who became mayor of New York City in January, has reportedly stood behind a campaign pledge to make the city a crypto hub, despite a drop in the price of many tokens in 2022.
11.12 / 22:41
European Union
Football
Military
Lockerbie bombing suspect in US custody
A Libyan man suspected of being involved in the Lockerbie bombing has been taken into custody by the United States, Scottish authorities said on Sunday.
11.12 / 20:03
business
Law
SEC
Bankruptcy
SEC crypto
Former top SEC crypto regulator hired by Caroline Ellison
A former top crypto regulator in the United States Securities and Exchange Commission (SEC) will represent Caroline Ellison, ex-Alameda Research CEO, in an ongoing federal probe, according to a report from Bloomberg on Dec. 10.
11.12 / 17:33
Blockchain
BTC
Digital
Bitcoin
Bitcoin Price Prediction as $15 Billion Trading Volume Shoots BTC Above $17,000 – New Rally Starting?
On December 11, the Bitcoin price prediction remains mixed as BTC consolidates in a narrow range of $17,000 to 17,350 despite trading volume shooting to $15 billion. New Jersey has set a goal of becoming the most crypto-friendly state in the United States.
09.12 / 16:19
cryptocurrency
FTX
Inside the frantic texts exchanged by crypto executives as FTX collapsed
The day before the embattled cryptocurrency exchange FTX filed for bankruptcy, Changpeng Zhao, the chief executive of the rival exchange Binance, sent an alarmed text to Sam Bankman-Fried, FTX’s founder.
09.12 / 03:25
Adoption
Lightning Network
Media
The New York Times
What Paul Krugman gets wrong about crypto
In mid-November, as crypto markets reeled in the aftermath of FTX’s meltdown, Nobel Prize-winning economist Paul Krugman made use of his New York Times column to disparage crypto assets — again. Despite his unquestionable academic credentials, Krugman reiterated a common misunderstanding in his attempt to understand crypto assets — by conflating Bitcoin (BTC) with other cryptocurrencies.
08.12 / 13:11
Aware
Platform
Racing
Silks Announces Partnership with NYRA and FOX Sports: Is This The Biggest NFT Project Ever?
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
08.12 / 10:03
business
Government
Stablecoin
us government
Terra Classic
Fried
FTX's Bankman-Fried to face market manipulation probe, Do Kwon chimes in
United States federal prosecutors have reportedly begun investigating whether the collapse of the Terra ecosystem was in fact triggered by market manipulation tactics by former FTX CEO Sam Bankman-Fried.
08.12 / 00:23
regulation
SEC
Congress
reserves
Crypto consumer protection, proof of reserves bills introduced into US Congress
United States Congressman Ritchie Torres has introduced bills in the House of Representatives to prohibit misuse of customer funds by cryptocurrency exchanges and to require exchanges disclose proof of reserves to the Securities and Exchange Commission (SEC). The short bills are intended to supplement other legislation that is passed on cryptocurrency, Torres said.
07.12 / 13:01
cryptocurrency
FTX
Indian
Lost
Indian-origin investor, 27, says he lost $2 million in FTX crash
Evan Singh Luthra, an Indian-origin entrepreneur, is among those who have lost their money after the collapse of cryptocurrency exchange FTX last month. Luthra said he lost more than $2 million after FTX went bankrupt.
07.12 / 06:11
Government
CFTC
SEC
Senate
Crypto will be regulated as securities — ICE boss and Senator Warren
Most cryptocurrencies are likely to be regulated as securities in the United States according to the CEO of Intercontinental Exchange Inc (ICE), Jeffrey Sprecher, and Senator Elizabeth Warren.
07.12 / 05:31
Law
regulation
Grayscale
Bitcoin
Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust
Fir Tree Capital Management has filed a lawsuit against Grayscale Investments demanding information that could be used to force changes to the way it runs its flagship Bitcoin Trust.
07.12 / 01:13
Law
regulation
crimes
FTX
Fried
Sam
Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report
Former FTX chief executive officer Sam Bankman-Fried has reportedly hired Mark Cohen, a former federal prosecutor, to act as his defense attorney.
06.12 / 15:37
European Union
Football
Ukraine war: Drone hits Russia oil depot, Moscow accuses Kyiv of 'nuclear terrorism' at Zaporizhzhia
A drone strike hit a third Russian airfield on Tuesday from a drone strike, a day after Ukraine proved its capacity to target military bases deep into Russian air space.
06.12 / 00:47
business
lending
Nexo leaving US, says country lacks clear regulations
The crypto borrowing and lending platform Nexo plans to gradually cease operations in the United States “over the coming months,” according to a blog post on Dec. 5. Nexo has stated that the decision to leave the U.S. is “regrettable but necessary.”
05.12 / 16:19
Platform
What Celsius Network’s bankruptcy case means for other failed crypto platforms
The judge overseeing Celsius Network’s bankruptcy case is expected to decide if the crypto firm has full ownership rights over customer deposits, a key legal issue that may resonate for millions of other users of failed crypto platforms.
05.12 / 14:19
coinbase
FTX
events
Sam
Billionaire Founder of Coinbase Rejects Sam Bankman-Fried’s Account of Events, Says Funds Were ‘Stolen’
The CEO of the major crypto exchange Coinbase, Brian Armstrong, basically called the FTX founder Sam Bankman-Fried a liar, stating that the latter couldn't have possibly missed billions of 'extra' dollars showing up in the accounts.
05.12 / 14:05
regulation
Congress
community
hearing
Crypto community baffled by SBF dictating terms over congressional hearing
Sam Bankman-Fried, the former CEO of now-bankrupt cryptocurrency exchange FTX has declined to testify before the United States Congress until he’s “finished learning and reviewing what happened.”
05.12 / 06:53
business
FTX
New York State
Alameda ex-CEO Caroline Ellison spotted in New York, Twitter users claim
A recent photo of what appears to be former Alameda Research CEO Caroline Ellison in a Manhattan coffee shop in New York has been making the rounds on Twitter.
05.12 / 05:51
business
regulation
Congress
Despite endless media appearances, SBF unlikely to testify on 13th
Former CEO of FTX, Sam Bankman-Fried, has signaled he's unwilling to testify before the United States Congress until he’s “finished learning and reviewing what happened.”
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