New York Financial News
12.09 / 11:05
Blockchain
Provident
Chase
Fireblocks records $100M+ revenue in subscriptions amid bear market
Fireblocks, a New York-based blockchain security service provider, made over $100 million in Annual Recurring Revenue (ARR) this year, confirming the rising interest in the crypto ecosystem that contradicts negative investor sentiments.
12.09 / 10:59
Provident
Digital
US Bank Regulator Warns Of Crisis Risk From Fintech Proliferation
The rise of fintech services and digital banking could spur financial risks and potentially a crisis over the long term, Michael Hsu, Acting Comptroller of the Currency, a major U.S. bank regulator, warned on Wednesday.
11.09 / 17:03
Blockchain
Ethereum
ETF
Paxos
What is PAX Gold (PAXG) and how does it work?
In recent years, nonfungible tokens (NFTs), cryptocurrencies and other modern investment options have become trendy. However, physical commodities such as gold are still in high demand. In 2021, the global market capitalization for cryptocurrency surpassed $2 trillion. Now, investors must ask themselves: which option should I choose — crypto or gold?
09.09 / 20:53
09.09 / 15:53
Dogecoin
Tesla
Doge
elon
More Defendants Named in $258 Billion Dogecoin Lawsuit against Elon Musk
The class action suit filed accusing tech billionaire and CEO of Tesla, Elon Musk, of running a pyramid scheme to promote Dogecoin (DOGE) has been amended this week to include more defendants and plaintiffs.
09.09 / 12:57
Digital
Adidas
Puma
Puma Launches Metaverse Space Black Station for Displaying NFTs
Puma has entered the metaverse by launching an interactive space titled Black Station to showcase limited edition non-fungible tokens (NFTs) based on its sneakers.
09.09 / 12:03
Blockchain
privacy
fees
MetaMask
How to add Arbitrum to MetaMask?
Arbitrum is one of Ethereum’s layer-2 scaling solutions designed to improve smart contracts’ efficiency and transaction execution on the network while reducing fees drastically and adding extra privacy features. L2 networks are software that sit on top of the base layer of a blockchain like Bitcoin or Ethereum to boost the platform’s efficiency and offer inexpensive transactions.
09.09 / 04:01
Digital
Platform
CoinMarketCap
Southern
Analyzing Voyager’s anti-ageing spell post 2000% hike in trading volume
Voyager token (VGX), the native cryptocurrency of the ‘troubled’ Voyager platform seems to be under an anti-aging spell. Herein, the only notable gain out of the top 200 coins came from the embattled cryptocurrency brokerage platform Voyager.
08.09 / 10:43
Digital
US banking regulator: Crypto crash gives us ‘breathing space’
A rush to put out new crypto regulatory guidance has slowed down as a drop in asset values has made the task less urgent, a senior banking regulator said.
08.09 / 08:17
I tried ‘quiet quitting’ before it had a name — and I have regretted it ever since
Charles Passy covers a variety of topics, including personal finance, food, entertainment and anything and everything trending and quirky. He also writes the Weekend Sip column, which covers wine, spirits and beer. In his spare time, he obsesses about where to find the perfect slice of New York-style pizza.
07.09 / 22:13
business
lending
CeFi
Voyager Digital assets auction set for Sept. 13 after being rescheduled from August
Bankrupt centralized crypto lender Voyager Digital filed a notice Tuesday with United States Bankruptcy Court for the Southern District of New York informing the court of its intention to hold an auction of its remaining assets. The auction is proposed to take place on Sept. 13 at the Manhattan office of Digital Voyager’s investment banker Moelis & Company, with a hearing to approve the results on Sept. 29. Offers for the lender’s assets have already been submitted.
07.09 / 20:13
Lael Brainard Says Fed Rate Rises Will Bring Down Inflation
A senior Federal Reserve official cited a number of reasons to expect inflation to decline over the coming months but warned against prematurely declaring victory.
07.09 / 20:11
Target
Fighting
Remark
vice chair
Fed Vice Chair Brainard vows 'we are in this for as long as it takes' to stop inflation
Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most.
07.09 / 10:05
business
Law
Celsius co-founder declares his equity is ‘worthless’ in court
A Celsius Network co-founder has moved in court to declare the entirety of his equity stake in the embattled crypto company as “worthless."
07.09 / 09:45
Blockchain
Law
Tether
Ava Labs
class action
Court hears Roche Freedman could create ‘a sideshow’ in the Tether class action
The fallout from the leaked Kyle Roche videos has continued after two law firms submitted a document to the court asking that his law firm Roche Freedman be removed as interim co-lead from the Tether and Bitfinex Crypto Asset Litigation.
06.09 / 12:57
CBDC
Adoption
Asia
Military
Exiled Myanmar democratic leaders want to issue CBDC to fund the revolution
Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voices its own intention to launch one using frozen national funds.
05.09 / 19:39
Adoption
regulation
NOT
Law Decoded, Aug. 29–Sep. 5: Celsius is ready to give money back, but not much
United States-based crypto lending platform Celsius, which collapsed and stopped the withdrawal option amid the market meltdown in June, pledged its readiness to partially return money to customers. However, there’s a catch, as the motion company has filed with the United States Bankruptcy Court, would only apply to Custody and Withold Accounts and for custody assets worth $7,575 or less in value.
05.09 / 04:45
UPS
IPO
Cooper
The U.S. and China are one step closer to preventing stocks like Alibaba from delisting. What to watch next
BEIJING — The U.S. and China recently took a significant first step toward keeping U.S.-listed Chinese stocks like Alibaba from being forced off U.S. stock exchanges.
02.09 / 23:39
Digital
Maxim
Platform
Southern
CEL’s >30% spike aims to calm chaos but is a $50M appeal the antidote
Troubled crypto lending firm Celsius seems engrossed in fixing its long-standing challenges after being declared insolvent. Yesterday (1 September), the company filed a motion to the bankruptcy court in New York’s Southern District to allow its customers to withdraw a part of their assets.
02.09 / 16:49
Southern
How midnight forex trading in Singapore led to a London hedge fund founder’s arrest in Spain
Hedge fund Glen Point Capital was thrown into the headlines this week when its co-founder and co-chief investment officer Neil Phillips was arrested in Spain over a string of charges relating to wire fraud, commodities and foreign exchange manipulation.
02.09 / 16:23
Adoption
Europe
proof-of-work
Bitcoin
Armenia aims to position itself as a Bitcoin mining hub
At the end of August, a digital platform called ECOS Free Economic Zone delivered good news from a country that rarely sparks on the global crypto map — Armenia. ECOS reported adding 60 megawatts (MW) of capacity to its power plant-based facility, operating since 2018.
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