New York Financial News
16.09 / 21:23
16.09 / 16:47
Money
Bitcoin
Bitcoin is a Tumor Created by Easy Money Says Nasim Taleb - is He Right?
Risk management guru and author of "The Black Swan," Nasim Taleb, has taken a jab at Bitcoin, calling it a tumor created by easy money.
16.09 / 14:15
business
lending
Court
Bitcoin
Celsius requests permission to sell off its stablecoins
Celsius Networks, a crypto lending company that had frozen the withdrawals in June and has been proceeding through Chapter 11 bankruptcy since July, asked the United States Bankruptcy Court for the Southern District of New York for permission to sell its stablecoin holdings. This should let the company generate liquidity to help “fund the Debtors’ operations.”
16.09 / 11:57
cryptocurrency
Holdings
Celsius Files For Permission To Sell Its Stablecoin Holdings
Celsius currently owns 11 different forms of stablecoin, for a total of about $23 million.
15.09 / 22:47
Digital
Platform
Southern
Luna
Celsius: Judge permits independent examiner’s probe in bankruptcy case
A federal judge from the United States Bankruptcy Court for the Southern District of New York hasallowed the U.S. Trustee’s office to appoint an independent examiner to investigate the affairs at the New Jersey-based bankrupt cryptocurrency lending company Celsius Network.
15.09 / 13:23
COST
Platform
Southern
Neutral Third Party to Examine Celsius' Finances
A neutral third party is set to examine the finances of Celsius Network, which earlier this year filed for Chapter 11 bankruptcy.
15.09 / 09:29
business
regulation
Bankruptcy
Celsius bankruptcy
Celsius bankruptcy judge gives the nod for independent examiner probe
A federal judge overseeing crypto lender Celsius’ bankruptcy case has given the green light for the motion to appoint an independent examiner to investigate aspects of Celsius’ business.
15.09 / 00:45
MET
CEO
Pepsi
services
Celsius’s CEO plotting a pivot to custody services- Details inside
Alex Mashinsky, CEO of bankrupt crypto lender Celsius, has outlined a plan to pivot his company’s operations from lending services to custody services.
14.09 / 23:31
Ripple
regulation
SEC
CDC gives nod to Lummis-Gillibrand bill in proposed amicus brief in SEC v. Ripple case
The Chamber of Digital Commerce (CDC) has requested to file an amicus brief in the case of the United States Securities and Exchange Commission v. Ripple Labs and its executives Bradley Garlinghouse and Chris Larsen. Liliya Tessler of the firm Sidley Austin filed a package of documents, including the proposed brief, with the U.S. District Court of the Southern District of New York on Wednesday.
14.09 / 12:55
CEO
Pepsi
Alex Mashinsky Wants To Resurrect Failed Crypto Lender Celsius As A Custodian
The downturn triggered by the bankrupt major crypto lender Celsius (CEL) continues to roll over numerous crypto businesses worldwide, but Alex Mashinsky, the firm's CEO, reportedly aims to revive the business as a custodian.
14.09 / 06:29
cryptocurrency
US
Current Affairs
Indian
Indian citizen pleads guilty in first-ever cryptocurrency insider trading case in the US
A 26-year-old Indian citizen has pleaded guilty in the first-ever cryptocurrency insider trading case in the US, in which he along with his brother and their Indian-American friend made ill-gotten profits totalling over a million dollars.
14.09 / 01:30
business
lending
Celsius CEO plans to restructure firm to focus on crypto custody: Report
Crypto lending platform Celsius, currently in the middle of bankruptcy proceedings, reportedly plans to rebuild around crypto custody services.
13.09 / 18:35
COST
Ripple
Airlines
From inflation to war, here are the 4 big factors impacting markets and the economy right now
HUNTINGTON BEACH, Calif. — There are four big trends impacting the economy and stock market right now, and uncertainty around each is creating challenges for investors, market experts and investment strategists said Monday at the Future Proof wealth conference.
13.09 / 11:03
COST
Digital
fall
week
Web3 native fashion brands hit the runway in real life at NY Fall Fashion Week
Web3 fashion is subverting the narrative at New York Fashion Week (NYFW) this fall. Fashion brands native to the Web3 space will be premiering in real life (IRL) at a two-day show put on by Nolcha Shows.
13.09 / 09:07
Digital
CEO
Platform
Bitcoin
Customers
Fidelity will ‘shift’ retail customers into crypto soon, says Galaxy CEO
$4.2 trillion asset management firm Fidelity Investments is reportedly working towards offering Bitcoin trading services to its 34.4 million retail investor base, according to Galaxy Digital CEO Mike Novogratz and people familiar with the matter.
12.09 / 21:43
regulation
Investments
Bitcoin
bitcoin fund
approved
Stone Ridge board approved plan for 'liquidation and dissolution' of its Bitcoin fund
Stone Ridge Asset Management, whose holding company is behind the New York Digital Investment Group, has filed notice with the United States Securities and Exchange Commission that it will liquidate its Bitcoin Strategy Fund.
12.09 / 21:25
IPO
Target
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
Goldman Sachs is planning on cutting several hundred jobs this month, making it the first major Wall Street firm to take steps to rein in expenses amid a collapse in deals volume.
12.09 / 20:19
Future
NY Fed Says Consumers Saw in August Steep Declines in Future Inflation
American consumers said in August that they are expecting notable declines in future levels of inflation, a report from the Federal Reserve Bank of New York said Monday.
12.09 / 19:59
Goldman Sachs plans layoffs for poor performers
In a return to pre-pandemic practice of hiving off low-performing staffers from the bank, Goldman Sachs is set for a round of job cuts.
12.09 / 19:08
Goldman Sachs plans layoffs for poor performers — report
In a return to pre-pandemic practice of hiving off low-performing staffers from the bank, Goldman Sachs is set for a round of job cuts.
12.09 / 18:25
UPS
Tether
Bitfinex
sentencing
Accused 'shadow banker' Reggie Fowler seeks a 6-month sentencing delay
Reggie Fowler, a former NFL team owner and alleged "shadow banker" who might face up to 30 years of imprisonment, asked the court of the Southern District of New York for a six-month adjournment.
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