New York Financial News

04.12 / 13:59

Gemini Winklevoss Twins Digital Currency Group Crypto lender Genesis Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis

Cryptocurrency exchange Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group (DCG).

03.12 / 16:47

crypto winter Bitcoin Economist Paul Krugman: Crypto in an ‘Endless Winter’, Never to Recover - Find Out Why

Prominent economist Paul Krugman claimed the entire crypto market has entered an "endless winter" and will never recover again in an opinion published by the New York Times. He then doubled down on his theory citing the fact that his article attracted very little crypto bro outrage.

03.12 / 14:27

Blockchain cryptocurrency Digital Platform Bitcoin Crypto crashes, but the awards go on

It was not the ideal time for a celebration of the cryptocurrency industry. But the hall was booked, the guests had arrived, and so the show went on.

02.12 / 22:53

business Law Bankruptcy hedge fund 3AC bankruptcy process faces challenges amid unknown whereabouts of founders

Liquidators for Three Arrows Capital (3AC) will have to present further documents to grant the permission to subpoena the now-bankrupt crypto hedge fund's founders through Twitter, according to a decision from judge Martin Glenn during a virtual hearing for the Southern District of New York Bankruptcy Court on Dec. 2.

02.12 / 22:37

regulation Social Media Bankruptcy blast Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy

The founders of Three Arrows Capital, or 3AC, the Singapore-based crypto hedge fund with close ties to Terra Labs, have been spending more time engaging on social media and news outlets than dealing with its own liquidation, according to bankruptcy lawyers.

02.12 / 16:59

Booking The unbearable uselessness of crypto

Andrés Velasco, a former presidential candidate and finance minister of Chile, is dean of the School of Public Policy at the London School of Economics. He is the author of numerous books and papers on international economics and development, and has served on the faculty at Harvard, Columbia and New York Universities

02.12 / 08:55

business regulation Fraud FTX Jail Fried Mike Novogratz: Bankman-Fried is 'delusional' and headed to jail

Former FTX CEO Sam Bankman-Fried (SBF) has been lambasted this week following a series of controversial public appearances, with Galaxy Digital’s Mike Novogratz one of the latest to dish out a lashing to the former kingpin of crypto.

02.12 / 04:51

Law CFTC New York State Crypto Companies New York proposes to charge crypto companies for regulating them

The New York State Department of Financial Services (DFS) has submitted a proposed change in state laws that would allow it to charge licensed crypto companies for regulating them.

02.12 / 01:51

regulation fees BItlicense Costs NYDFS proposes regulation to assess costs of 'supervision and examination' for licensed crypto firms

The New York State Department of Financial Services, or NYDFS, has proposed a regulation which would allow the government department to assess supervisory costs from licensed crypto firms operating in the state.

02.12 / 01:51

business Blockchain Investments Scams Fried Sam Customer Former FTX CEO Sam Bankman-Fried denies "improper use" of customer funds

An interview between the Former FTX CEO Sam Bankman-Fried ‘SBF’ and George Stephanopoulos aired on Good Morning America on Dec. 1.

01.12 / 16:21

BlackRock Executive fall asset manager World’s Largest Asset Manager BlackRock Chief Executive Says More Crypto Firms Will Fall Following FTX Collapse

While there appear to have been "misbehaviors" by the collapsed crypto exchange FTX, the technology behind cryptocurrency remains relevant for the future, according to Larry Fink, the CEO of major investment fund BlackRock.

01.12 / 16:15

stake Blackstone sells stake in MGM Grand, Mandalay Bay as Las Vegas icons valued at $5.5bn

Blackstone has agreed to sell its 49.9% stake in two Las Vegas hotels in a deal that values the properties at $5.5bn, according to people familiar with the matter, marking one of the largest US casino transactions this year.

01.12 / 12:45

Fried Sam FTX’s Sam Bankman-Fried says he didn’t know scale of bad Alameda bets

Sam Bankman-Fried said that he didn’t intend to commit any fraud or use customer funds to back leveraged bets that went wrong at Alameda Research, a cryptocurrency hedge fund attached to FTX that pushed the exchange to bankruptcy.

01.12 / 12:09

cryptocurrency FTX Fried Sam 'I screwed up,' says Sam Bankman-Fried. Top 10 quotes from first public appearance since FTX collapse

Sam Bankman-Fried, the fallen founder of cryptocurrency platform FTX, made his first public appearance on Wednesday since the collapse of the cryptocurrency firm last month. He said he “didn't ever try to commit fraud on anyone”. The 30-year-old lost his billionaire status overnight as his personal wealth plummeted nearly 94 per cent to $991.5 million in a single day. The fall in his fortune came after he announced that his crypto exchange was being bought by rival Binance. Binance later pulled out of the deal.

01.12 / 09:03

business Blockchain FTX The New York Times BlackRock CEO: FTX Token caused downfall, but tech still revolutionary

The CEO of the worlds largest asset management firm, BlackRock, believes that the reason why FTX failed is because it created its own FTX Token (FTT), which was centralized and therefore at odds with the “whole foundation of what crypto is.”

01.12 / 09:03

business The New York Times Bitcoin Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

Former FTX CEO Sam Bankman-Fried apologized or admitted failure at least 12 times during his appearance at the New York Times' DealBook Summit on Nov. 30.

01.12 / 08:55

cryptocurrency Opinion Government, RBI caution on cryptocurrencies has served India well

In the last few months we have seen a collapse in the world of cryptocurrencies. In May, the Luna Terra stablecoin crashed, and in November we saw a shocking meltdown of FTX exchange, which was a crypto exchange. If we add the continuous volatility in the prices of other cryptocurrencies, the crisis circle is complete.

01.12 / 07:25

defi Loans Crypto trading firm Auros Global misses DeFi payment due to FTX contagion

Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance (DeFi) loan.

01.12 / 03:41

Digital CEO Platform Software Utherverse Partners with Tokensoft to Launch IDO for Native Metaverse Token

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

01.12 / 01:45

business FTX Fried Bankman-Fried claims: ‘I unknowingly commingled funds’ at DealBook Summit

Former FTX CEO Sam Bankman-Fried has claimed to have “unknowingly commingled funds” between Alameda and customer funds at FTX.

30.11 / 21:17

business lending Digital Asset INX submits bid for Voyager Digital's assets

Trading platform INX has submitted a bid for an undisclosed amount to purchase the assets of crypto brokerage firm Voyager Digital.

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