New York Financial News
11.07 / 21:03
FIVE
New York Fed Survey Finds Long-Term Inflation Expectations Falling
Americans are expecting lower inflation increases over the longer run, amid a sharp drop in the projected rate of home-price increases, the Federal Reserve Bank of New York said in a report Monday.
11.07 / 09:41
business
Law
defi
Bankruptcy
Celsius changes legal team, pays off $20M in Aave debts
Crypto lending platform Celsius has reportedly hired lawyers from Kirkland & Ellis LLP to advise on its restructuring options — the same firm that assisted Voyager Digital with its bankruptcy filing last week.
09.07 / 17:19
Ethereum
Adoption
education
NFTs become physical experiences as brands offer in-store minting
Nonfungible tokens (NFTs) have taken the world by storm over the last year. Digital collectibles that were characterized solely as CryptoKitties in 2017 have since evolved into famous pieces of art, digitized music, high-end fashion for the Metaverse and a way for communities to connect with others across the globe.
09.07 / 11:25
CEO
KeyFi CEO sues Celsius on grounds of ‘failing to uphold the contract’ and more
Jason Stone, a DeFi entrepreneur and the CEO of KeyFi, Inc., one of the people behind the yield farming account 0xb1, is suing cryptocurrency loan company Celsius for allegedly failing to uphold its contract. Stone is asking for unspecified damages and has decided to go forward with a trial.
08.07 / 21:47
business
Bankruptcy
VC funding
Bitcoin Miner
Broker
Crypto Biz: Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars
Those of us anxiously awaiting a summer relief rally for Bitcoin (BTC) may have to wait a little while longer. The bear market is still cleansing us of our excess — and revealing the most toxic players in our industry. I’ve talked to you about Terra, Celsius, Three Arrows Capital, BlockFi— what about Voyager Digital? The crypto broker filed for Chapter 11 bankruptcy this week, putting hundreds of thousands of creditors on high alert.
08.07 / 11:45
UPS
Lowe's
Tether
Low
Tether [USDT]: Whales and what a new 3-year low means for the stablecoin
The current state of the cryptocurrency market can be best described with the help of falling dominoes. First, it was the collapse of the algorithmic stablecoinTerraUSD [UST], sowing turbulence in the broader market. Then its the grown-up cousin Tether [USDT] that wavered from the peg, fueling concerns over its status as a place to hide during times of turbulence. While things appear to be settling down for the moment, nobody’s feeling safe. More specifically, Tether, certainly isn’t.
08.07 / 06:55
business
Blockchain
Law
Bombshell allegations of fraud as KeyFi takes Celsius to court
Staking software and investment firm KeyFi Inc. has filed a complaint against beleaguered crypto-lending firm Celsius, alleging the company had been operating in a “Ponzi” style fashion and that it failed to honor a profit-sharing agreement “worth millions of dollars.”
07.07 / 10:53
BNI
veteran
BNY
BNY Mellon hires Goldman veteran Dermot McDonogh for finance chief role
Bank of New York Mellon hired a Goldman Sachs veteran as its next finance chief, a move that comes after the bank appointed a new chief executive earlier this year.
07.07 / 00:11
business
Mining
Texas
Riot
Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State
Crypto mining firm Riot Blockchain said it has begun relocating rigs from its New York data facility, with the majority intended to end up in central Texas.
06.07 / 16:09
BTC
CEO
Platform
Arrow
Crypto brokerage Voyager files for bankruptcy protection
The company suffered a blow when Three Arrows Capital went bust last week, defaulting on a loan of 15,250 BTC and $350 million USDC.
06.07 / 14:47
Digital
Platform
Voyager Digital files for bankruptcy protection as crypto turmoil continues
Cryptocurrency broker Voyager Digital said that it has filed for Chapter 11 bankruptcy protection, days after it suspended withdrawals and trading on its platform amid growing turmoil in digital-currency markets.
06.07 / 14:13
regulation
crimes
Korea and US agree to share investigation data on Terra-Luna
South Korean justice minister Han Dong-hoon was in New York recently to discuss various ways in which the two nations can corporate on investigations associated with financial crimes, especially crypto-related crimes.
06.07 / 13:31
BLOCK
Digital
Platform
Arrow
Voyager Digital Files Chapter 11 Bankruptcy in New York
Cryptocurrency broker Voyager Digital Ltd. said that it has filed for Chapter 11 bankruptcy in New York.
06.07 / 12:03
06.07 / 12:03
UPS
Digital
Southern
Voyager Digital files for Chapter 11 bankruptcy protection
Popular cryptocurrency lender Voyager Digital declared bankruptcy late Tuesday, becoming the second high-profile crypto-firm to do so in recent days. Voyager, based in Toronto, filed for Chapter 11 bankruptcy protection in the Southern District of New York on Tuesday. It estimates that it has more than 100,000 creditors and assets worth between $1 and $10 billion. The same range was also recorded for its liabilities.
06.07 / 11:43
cryptocurrency
Stablecoin
Bitcoin
Crypto lender Voyager Digital seeks bankruptcy protection
Crypto lending platform Voyager Digital has filed for Chapter 11 bankruptcy in New York, proposing a reorganisation plan days after it suspended trading, deposits and withdrawals.
06.07 / 10:07
business
lending
Bankruptcy
recovery
Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan
Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York.
05.07 / 07:43
Three Arrows Capital
Crypto hedge fund Three Arrows files for Chapter 15 bankruptcy
Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands. Representatives for Three Arrows filed the bankruptcy petition in New York on Friday, court papers show. Chapter 15 bankruptcy filings stop creditors from seizing a company’s assets in the US. A British Virgin Islands court ordered the liquidation of Three Arrows Capital earlier this week. The fund, founded by former Credit Suisse traders Zhu Su and Kyle Davies, managed an estimated $10 billion of assets as recently as March, according to blockchain analytics firm Nansen.
04.07 / 12:59
Digital
Southern
Arrow
Three Arrows Capital Files for Chapter 15 Bankruptcy in the US
The embattled cryptocurrency hedge fund, Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in the United States of America as it looks to preserve its assets in the country.
03.07 / 06:45
business
cryptocurrency
crypto news
Bitcoin
Cryptocurrency Prices Today July 3: Cryptos in green, Ethereum biggest gainer
Cryptocurrencies traded in the green early on July 3. The global crypto market-cap is $869.36 billion, a 0.84 percent increase over the last day. The total crypto market volume over the last 24 hours is $40.49 billion, which makes a 36.47 percent decrease.
02.07 / 17:33
Twitter
Digital
Southern
Arrow
3AC refuses to go down amid institutional crisis? Here’s latest update
The Three Arrows Capital [3AC] crisis sees no end even after the news of insolvency was confirmed. The Singapore-based crypto hedge fund has filed for Chapter 15 Bankruptcy Protection as per the Financial Times. However, the leak has spread to other crypto institutions and the crypto market continues to bleed in these circumstances.
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