New York Financial News

02.09 / 11:11

cryptocurrency MARKET lending Legal CEL CEL Rallies After Celsius Asks Court to Let it Return USD 50m+ in Crypto

01.09 / 14:39

business Law Court Bitcoin US court Tens of Celsius clients ask US court to recover $22.5M in crypto

The bankrupt cryptocurrency lender Celsius is facing more legal issues as disgruntled clients are taking action to recover their funds after the platform froze withdrawals in June.

31.08 / 15:53

UPS Target Fighting Fed's Mester sees benchmark rate above 4% and no cuts at least through 2023

Cleveland Federal Reserve President Loretta Mester said Wednesday she sees interest rates rising considerably higher before the central bank can ease off in its fight against inflation.

30.08 / 21:13

UPS Target Rate Cut Fed's Williams pushes back on market expectations of a rate cut next year

New York Federal Reserve President John Williams said Tuesday he expects interest rates to continue higher and to remain at those levels until inflation is subdued.

30.08 / 20:39

Target Williams Fed’s Williams Says Rates Will Stay High for a While

Federal Reserve Bank of New York President John Williams said Tuesday that the U.S. central bank will need to push its short-term interest-rate target to a point where it will restrain the economy and maintain that stance for a while as part of its bid to lower inflation.

25.08 / 15:47

Citi Citigroup Citi to fold Russian consumer bank

Citigroup will wind down its Russian consumer bank after attempts to sell the unit were stymied by Russia’s invasion of Ukraine and subsequent sanctions on the nation’s financial system, people familiar with the matter said.

25.08 / 12:53

business regulation Court Bankruptcy US court US court gives Voyager green light to pay bonuses to key employees

A New York bankruptcy court has given embattled cryptocurrency brokerage Voyager Digital the green light to pay retention bonuses to key staff members.

25.08 / 02:31

SEC Gaming ICO Time GameFi developers may be facing big fines and hard time if they don't speak up

Are cryptocurrency games innocent fun? Or are they Ponzi schemes facing an imminent crackdown by regulators in the United States?

24.08 / 10:29

Hudson KPMG slashes Manhattan office space in hybrid-work push

The global audit and consulting firm KPMG is shrinking its New York office space by more than 40%, becoming the latest big company to cut back on real estate as it embraces hybrid work.

23.08 / 23:07

Law regulation lending Bankruptcy Celsius calls out Prime Trust in court, alleging firm didn't turn over $17M in crypto

Crypto lending platform Celsius Network has filed a lawsuit claiming that custodian Prime Trust failed to turn over roughly $17 million worth of cryptocurrency.

23.08 / 19:45

Law SEC coinbase security Plaintiff in Coinbase lawsuit raises issues of account lockouts, crypto as a security

One user has filed a class-action lawsuit against crypto exchange Coinbase on behalf of account and wallet holders “who have had their accounts breached and incurred losses arising from the unauthorized transfer of assets.”

23.08 / 13:27

Ethereum Provident litecoin Bitcoin WisdomTree Adds Polygon and Avalanche to Crypto-Basket ETPs

WisdomTree Investments, Inc., a New York-based exchange-traded fund and exchange-traded product provider and asset manager, announced on Monday that it has added Polygon (MATIC) and Avalanche (AVAX) to indices at two physically backed crypto basket exchange-traded products (ETPs), the WisdomTree Crypto Market (BLOC) and the WisdomTree Crypto Altcoins (WALT).

23.08 / 13:15

cryptocurrency Paxful Crypto Investor Claims Rs 12 Crore Stolen By Blockchain Thief

Bitcoin and other cryptocurrencies were missing from the investor's wallet.

22.08 / 23:09

Law regulation security Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employee

Lawyers representing Nathaniel Chastain, the former OpenSea product manager accused of insider trading, have claimed United States authorities only filed charges in an attempt to set a legal precedent that nonfungible tokens (NFTs) are securities.

22.08 / 17:11

Blockchain regulation Bankruptcy creditors Voyager creditors oppose $1.9M employee retention proposal

Voyager Digital Holdings’ committee of unsecured creditors has filed a motion to object to the firm's proposal to keep its employees by paying them monetary awards for staying in the company.

19.08 / 20:03

business Stablecoin Tether Report Holdings Independent Tether attestation reveals 58% decrease in commercial paper holdings

An announcement from USDT issuer Tether Holdings Limited revealed information from an independent attestation about the company’s previous quarter's performance. The reviewer, top accounting firm BDO Italia, assessed Tether’s assets as of June 30, 2022.

19.08 / 19:33

Walmart Bitcoin Stocks making the biggest moves midday: Bed Bath & Beyond, Cineworld, Foot Locker, Wayfair and more

Check out the companies making headlines in midday trading.

18.08 / 15:07

business Stablecoin Tether Dollar accounting Reserve Tether reserve attestations to be conducted by major European accounting firm

In a step toward greater transparency and better alignment with international accounting standards, stablecoin operator Tether Holdings Limited has tapped BDO Italia to conduct regular reviews and attestations of its dollar reserves.

18.08 / 12:07

BTC Digital Southern Bitcoin Celsius Received Approval to Continue Bitcoin Mining

Celsius Network has been granted the approval to use its mined Bitcoin (BTC) to offset some of the deficit incurred in its daily operations.

18.08 / 12:07

Digital CEO Enterprise Broker Crypto Broker Genesis Cuts 20% Workforce, CEO Michael Moro Stepping Down

Genesis, a major institutional digital asset market and a full-service digital currency prime brokerage based in New York, on Wednesday announced several leadership changes amid the company’s efforts to boost the next phase of its growth.

18.08 / 10:57

cryptocurrency crypto news cryptos Genesis Trading Broker Crypto Broker Genesis Cuts Jobs By 20%, Taps Insider As Interim Chief

Crypto broker Genesis taps insider as interim chief, cuts jobs by 20%

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