New York Financial News

15.11 / 21:41

CBDC regulation Federal Reserve week NY Fed launches 12-week CBDC pilot program with major banks

The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC.

15.11 / 15:17

Provident Dash CEO Platform FTX Token Could Be Going to Zero But Experts Believe This Trading Coin Could Take All The Attention

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

15.11 / 14:29

cryptocurrency Digital Currency creditors FTX in touch with regulators, may have 1 million creditors: Filings

Collapsed-crypto exchange FTX outlined a "severe liquidity crisis" in U.S. bankruptcy filings, which said the group could have more than 1 million creditors, as regulators opened investigations and lawmakers called for clearer rules on how the industry operates.

15.11 / 12:45

business Twitter Media Crypto Twitter unhappy with SBF 'puff piece' pushed by mainstream media

When the world realized the fraud Sam Bankman-Fried (SBF) committed to building his FTX empire, fellow entrepreneurs, investors and long-time believers unanimously acknowledged the damage caused to the credibility of the crypto ecosystem. On the other hand, mainstream media — that predominantly attacked crypto via negative speculations — has seemingly taken sides with SBF while paying no heed to the losses exceeding billions of dollars incurred by the general public.

15.11 / 11:03

cryptocurrency FTX FTX bankruptcy As FTX Bankruptcy Process Begins, French Central Bank Wants Quick Regulation

FTX bankruptcy filings in, French central bank wants quick regulation

15.11 / 10:39

business Twitter FTX Fried Sam Sam Bankman-Fried's weird, cryptic tweets attract even wilder theories

Sam Bankman-Fried, the founder and former CEO of the now-bankrupt cryptocurrency exchange FTX created a strange Twitter thread starting on Nov. 14 attracting the attention and speculation of the crypto community.

15.11 / 08:53

business cryptocurrency FTX Future What Could More Regulation Mean For The Future Of Cryptocurrencies?

Even the most established digital currency, Bitcoin, hit a two-year low following trouble at FTX.

15.11 / 00:33

business regulation investigation Financial Turkey’s financial authority investigates FTX’s collapse

Turkey’s Financial Crimes Investigation Agency is the latest authority to announce investigations into crypto exchange FTX after its collapse and bankruptcy filing on Nov.11.

14.11 / 21:19

Law regulation investigation Manhattan District Attorney's Office probes FTX collapse: Report

Prosecutors with the United States attorney’s office in the Manhattan district of New York have reportedly begun investigating the fall of crypto exchange FTX.

14.11 / 01:51

business FTX Auction CrossTower revises new offer for Voyager's assets after FTX's bankruptcy

Crypto exchange CrossTower is working on a revised offer for the assets of bankrupt crypto lender Voyager Digital, a spokesperson told Cointelegraph. Voyager announced the reopening of its bidding process after FTX US, the original winner in the bid, filed for bankruptcy in the United States on Nov. 11.

11.11 / 14:51

Adoption Federal Reserve New York Fed collaborates with Singapore MAS to explore CBDCs

The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) will launch a joint experiment with wholesale central bank digital currencies (wCBDCs). Regulators are keen to test the wCBDCs potential for cross-border wholesale payments.

09.11 / 14:33

Digital U.S., Taiwan Kick Off Talks to Deepen Trade, Economic Ties

The U.S. and Taiwan began two days of face-to-face meetings in New York on Tuesday aimed at strengthening trade and economic ties at a time of ramped-up tensions between Washington and Beijing.

07.11 / 23:31

Ripple XRP D2T XRP Price Prediction as Final Court Verdict Approaches – Can XRP Reach $5?

XRP price prediction remains neutral as Ripple trades within a symmetrical triangle pattern, with support at $0.4425 and resistance at $0.4845. The Securities and Exchange Commission (SEC) of the United States has requested that the deadline for filing all brief answers in support of Ripple Labs be extended until November 30, 2022. Furthermore, the SEC has requested that any additional Amicus Briefs be submitted by November 11.

07.11 / 19:39

regulation Department Of Justice crimes US authorities announce conviction connected to Bitcoin stolen from Silk Road

The United States Attorney’s Office for the Southern District of New York has announced that an individual has pled guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin from the Silk Road marketplace in 2012.

07.11 / 11:53

Adoption Report Bitcoin Crypto no more in top 10 most-cited potential risks: US central bank report

While proponents of traditional finance remain keen on dismissing Bitcoin (BTC) and the crypto ecosystem as financial risks, a survey conducted by the Federal Reserve Bank of New York — one of the 12 federal reserve banks of the United States — revealed 11 factors that overshadow crypto in terms of risk in 2022.

07.11 / 09:35

Ukraine war Trump US elections US Elections: Trump and Biden in last push ahead of midterm vote

Monday is the last full day of campaigning ahead of midterm elections in the US, with current President Joe Biden and former President Donald Trump making a final push for votes in the divided country.

05.11 / 00:57

CBDC Adoption Federal Reserve settlement wholesale FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research

The Federal Reserve Bank of New York Innovation Center has released a report on the first phase of its Project Cedar wholesale central bank digital currency (wCBDC) Nov. 4. The Fed still has no plans to issue a CBDC, NY Fed executive vice president and head of markets Michelle Neal said at a presentation in Singapore, but it has investigated foreign exchange spot settlement “from the perspective of the Federal Reserve.” Its prototype wCBDC, intended for use by financial institutions rather than the public, was able to implement transactions dramatically faster and more securely than the current standard.

04.11 / 12:33

business Stablecoin Circle Reserve Circle starts pouring money into its Reserve Fund, aims to fill it in 2023

Circle, the issuer behind USD Coin (UDSC), announced that it has now begun to invest part of its funds in Circle Reserve Fund, created earlier in a partnership with the world’s largest asset manager, BlackRock. The move came as a part of Circle’s effort to minimize risks and guarantee its holders the redeemability of their coins.

03.11 / 16:37

FTX Fried Sam Sam Bankman-Fried's Alameda Holds $14.6 Billion in Assets – Here's What You Need to Know

Alameda Research, a trading firm linked to major crypto exchange FTX, had some $14.6 billion of assets as of June 30, but as much as $5.82 billion of these assets consists of the exchange’s native token FTT, according to a document sourced from the company.

02.11 / 17:41

Adoption Africa Fiat Money We need to move a lot faster on Global South Bitcoin adoption — Paxful CEO

Cointelegraph hit the gym with Ray Youssef, co-founder and CEO of Paxful, to tackle Bitcoin adoption in the Global South. In between sets and a little out of breath, Youssef told Cointelegraph, “The Global South is where we should be looking” for Bitcoin (BTC) adoption.

02.11 / 13:39

UPS Startups crypto startups New York-Based Investment Firm CoinFund Looking to Invest $250,000,000 in Crypto Startups

U.S. investment firm CoinFund has unveiled plans to sell unregistered securities worth a total of $250 million, securing funds for further investments in crypto startups, according to three filings the company made with the country’s Securities and Exchange Commission (SEC).

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