New York Financial News

29.09 / 05:23

Adoption Payments Banks swift Cross-Chain SWIFT partners with Chainlink for cross-chain crypto transfer project

Interbank messaging system SWIFT has partnered with price oracle provider Chainlink (LINK) to work on a proof-of-concept (POC) project which would allow traditional finance firms the ability to transact across blockchain networks.

28.09 / 22:27

Blockchain FIVE Digital Juniper Christie’s to launch an NFT marketplace- Decoding details

Famed British auction house Christie’s has announced the launch of its dedicated NFT marketplace.

28.09 / 05:09

SEC CEO Platform Action Crypto-lender Nexo faces charges from eight U.S states

Switzerland-based crypto-lender Nexo is facing simultaneous enforcement action from eight different U.S states over varying allegations. Actions include cease and desist orders, administrative measures etc.

27.09 / 20:29

cryptocurrency Global Markets Bitcoin Currencies around the world are tumbling. Except Bitcoin

The surging dollar is wrecking stock portfolios, clobbering commodity prices and sinking rival currencies. The British pound has been among the most volatile currencies against the dollar, tumbling 5.6% over the past seven days, and briefly hitting a record low Monday of $1.0327.

27.09 / 19:31

Provident Digital FTX Voyager Digital digital asset exchange Digital Asset Exchange FTX Wins the Battle for Voyager's Assets

FTX.US, the U.S. arm of global crypto exchange FTX, has emerged as the highest and best bidder to buy the assets of crypto lender Voyager Digital out of bankruptcy.

27.09 / 19:29

UPS Provident Waves Crypto Exchange FTX to Buy Bankrupt Voyager

Crypto exchange FTX has acquired bankrupt crypto lender Voyager for $1.42 billion. The crypto exchange won in an auction to purchase Voyager's assets against competing crypto investment firm Wave Financial.The move comes after Voyager rejected FTX's bailout proposal earlier this year.

27.09 / 16:59

UPS State Street names Yie-Hsin Hung as president and boss of asset management

State Street has named Yie-Hsin Hung as president and chief executive officer of its asset management business.

27.09 / 15:25

Digital Platform Bitcoin Bankrupt crypto Fried Sam Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried's FTX for $1.4 billion

Customers of beleaguered cryptocurrency lender Voyager Digital may find some solace in the news that FTX, the bitcoin exchange founded by billionaire Sam Bankman-Fried, is set to take on the company's assets after winning a bankruptcy auction.

27.09 / 15:01

regulation Platform Action Nexo Crypto Lender NEXO Faces Cease-and-Desist Order From California

All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California.

27.09 / 14:01

Twitter Digital Bitcoin FTX Wins Bid to Take Over Bankrupt Voyager's Assets

Digital-asset exchange FTX will now acquire the assets of bankrupt crypto brokerage Voyager Digital Ltd.

27.09 / 07:11

business exchanges Auction Bankruptcy FTX US wins auction for Voyager Digital’s assets

Cryptocurrency exchange FTX US has secured the winning bid for the assets of crypto brokerage firm Voyager Digital with a bid valued at approximately $1.4 billion according to Voyager.

25.09 / 23:05

Stablecoin regulation Crypto License Crypto License Bill Vetoed by California Governor Gavin Newsom in Win for Industry

The crypto industry has scored a win with California Governor Gavin Newsom vetoing a bill that would establish a licensing and regulatory framework for digital assets.

24.09 / 16:39

Provident Digital Southern Crypto profits going unreported? Here’s why you may be on the IRS radar

A U.S. District Judge recently issued an order with regards to taxation paid on cryptocurrencies. The Judge authorizing Internal Revenue Service (IRS) to seek information related to American taxpayers who don’t report or pay taxes on cryptocurrency transactions.

24.09 / 08:53

Cost of crypto: report say U.S. bitcoin as dirty as 6 million cars

The groups urged U.S. states to consider bans on new mining operations to help protect the planet. Emissions from the energy-hungry sector could undermine goals to tackle climate change, said Jeremy Fisher, an energy analyst with the non-profit Sierra Club and a co-author of the report.

23.09 / 19:49

Law regulation Investments shares Lawyers Lawyers for Celsius investors file motion to have interests represented in court

An international law firm representing groups of Celsius investors has filed a motion to appoint a committee to represent their interests in the crypto lending firm’s bankruptcy case.

23.09 / 16:57

NOT Hungarian minister meets Russia's Sergei Lavrov despite EU 'understanding' not to do so

Hungarian Foreign Minister Peter Szijjártó met with Russia's Sergei Lavrov on Thursday hours after an EU official said member states had an understanding not to meet with Russian officials as it "doesn't make much sense".

23.09 / 13:23

Citi Provident Digital Williams This Crypto-Friendly Bank is Suing the Fed and Why a Win Would Be Hugely Price-Positive for Digital Assets

U.S. digital asset-focused bank Custodia has filed a lawsuit against the Federal Reserve (FED) Board of Governors and the Federal Reserve Bank of Kansas City over “unlawfully” delaying its application for a master account with the FED. The bank received major backing earlier this week after seven U.S. Congressmen submitted a friend of the court brief. The lawmakers urged a Wyoming court to dismiss the FED’s motion to dismiss the lawsuit.

23.09 / 12:37

UPS Ripple XRP SEC Here’s Why the Ripple XRP Price is Pumping and Will Take Out $1.00

The price of XRP has jumped by 20% in 24 hours, reaching $0.512129 as of writing. This represents a surge of 56% in a week, as positive developments in the legal battle between Ripple and the SEC indicate that the case could be settled sooner rather later.

23.09 / 12:07

regulation IRS Taxes IRS to summon users who don't report and pay tax on crypto transactions

With the crypto community growing bigger and as trading volumes reach new highs, the United States is also making more effort to ensure that its Internal Revenue Service (IRS) could properly collect cryptocurrency tax.

23.09 / 12:05

Banker bonus cap scrapped as Kwarteng reveals ‘growth plan’

Chancellor Kwasi Kwarteng has confirmed the government will scrap the cap on banker bonuses.

23.09 / 10:25

Stocks market UBS Credit Suisse needs to do more than revive an old brand if it wants to win again

David Wighton is a columnist for Financial News

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