New York Financial News
23.06 / 15:13
ETF
Bitcoin
Want to short bitcoin in the US? There’s now an ETF for that
Investors in the US can now cash in on tumbling bitcoin prices by betting against the embattled cryptocurrency using a new exchange-traded fund.
23.06 / 10:11
Fine
Broker
FCA hits insurance broker JLT Specialty with £7.9m bribery fine
The Financial Conduct Authority said 22 June that it fined insurance broker JLT Specialty about £7.9m, equivalent to about $9.7m, for alleged financial crimes including bribery.
22.06 / 17:59
CFTC
regulation
SEC
Lummis-Gillibrand crypto bill comprehensive but still creates division
It was first reported before Christmas that Wyoming Senator Cynthia Lummis planned to introduce a comprehensive crypto regulation bill. The Republican Lummis was already known for her pro-crypto stance and announced right away that she was looking for a Democratic co-sponsor. New York Senator Kirsten Gillibrand, who had not previously been known to have a strong position on cryptocurrency, was named as the co-sponsor in March. The highly awaited Responsible Financial Innovation Act (RFIA) was introduced in the United States Senate on June 7.
22.06 / 14:39
Blockchain
Adoption
Conference
Meet the Snoop Dogg impersonator who walked around NFT.NYC
A man impersonating the hip-hop icon Snopp Dogg went around NFT.NYC to fire things up at the nonfungible token (NFT) event. While the intention was to bring fun to the event, there were some mixed reactions from the online community.
21.06 / 16:43
business
Adoption
Deloitte
Bitcoin
businesses
Deloitte and NYDIG set up alliance to help businesses adopt Bitcoin
Professional services giant Deloitte is getting increasingly serious about Bitcoin (BTC) amid the ongoing market downturn, setting up a major initiative to promote BTC adoption.
21.06 / 12:37
Binance
Sport
coinbase
Advertising
Crypto Exchanges Backing Away from Sports Spending as Crunch Continues
Crypto firms are reportedly scaling back their spending on sports-related advertising and sponsorship as winter continues to bite in the markets.
21.06 / 09:13
business
cryptocurrency
ETF
Bitcoin
ProShares to list first short bitcoin ETF on NYSE
ProShares is set to list the United States’ first exchange-traded fund (ETF) that will allow investors to bet against bitcoin (BTC) prices and hedge their crypto investments, news site CoinDesk, which specialises in digital currencies reported on June 20.
21.06 / 08:47
Refugees
peace
Nobel Peace Prize medal sells for $103.5 million to help Ukraine children
The Nobel Peace Prize auctioned off by Russian journalist Dmitry Muratov to raise money for Ukrainian child refugees sold in New York on Monday night for $103.5 million (€98.3 million), shattering the old record for a Nobel.
20.06 / 20:41
business
ETF
Bitcoin
ProShares will launch ETF aimed at shorting Bitcoin following dip under $20K
The firm behind one of the first Bitcoin futures-linked exchange-traded funds in the United States will give investors a new vehicle to bet against the price of the cryptocurrency.
19.06 / 18:35
ETH
FIVE
Digital
Platform
Emerging Crypto Art Platform Outland Raises USD 5M Seed Round Led by OKG Ventures
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
19.06 / 11:51
19.06 / 11:13
cryptocurrency
What's Buzzing On Social Media: Crypto Crash, Mike Pence, Juneteenth
Heres whats buzzing on social media
17.06 / 18:23
business
Government
Adoption
Binance
Crypto's uses and misuses: Binance-Reuters quarrel raises questions
Crypto exchange Binance has courted controversy almost from its 2017 beginnings, and five years later, the dustups continue. On June 6, the United States Securities and Exchange Commission was reported to be investigating whether Binance Holdings broke U.S. securities rules in launching its digital tokens. Meanwhile, on the same day, Reuters published a scathing 4,700-word “special report” titled “How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers.”
17.06 / 18:23
Adoption
NFT
Conference
Utility
NFT.NYC expecting ‘diverse and eclectic audience’ to drive utility narrative of NFTs
NFT.NYC, one of the largest nonfungible token events, is preparing to open its doors for a fourth year, celebrating the diversity of NFTs across 16 sectors, including art, film, sports and ticketing.
17.06 / 12:15
Target
Bears
Ex-Third Point trader’s £4m short against Jupiter’s Chrysalis signals bears are coming for unicorns
Hedge fund Coltrane Asset Management unveiled a short position in UK investment trust Chrysalis Investments — a bet that is the latest sign short-sellers are targeting companies that invest in early-stage tech companies.
17.06 / 12:05
Tesla
Support
elon
Elon Musk sued for $258 bn over dogecoin support
Musk, filed a $258 billion lawsuit Thursday against the billionaire and his companies Tesla and SpaceX. Keith Johnson, who says he lost money after investing in dogecoin, described himself as an «American citizen who was defrauded» by what he called a «Dogecoin Crypto Pyramid Scheme.» He is asking for his motion, filed in a New York court, to be classified as a class action suit on behalf of those who have suffered losses by investing in dogecoin since 2019.
17.06 / 12:03
BitMEX
BitMEX co-founder sentenced to probation over money-laundering violations
Benjamin Delo, a co-founder of cryptocurrency derivatives exchange BitMEX, was sentenced to 30 months probation for violating US anti-money-laundering law.
17.06 / 11:43
cryptocurrency
Tesla
SpaceX
Lawsuit
elon
Elon Musk, Tesla and SpaceX sued for $258 billion over alleged Dogecoin pyramid scheme
Tesla and SpaceX CEO Elon Musk is being sued for $258 billion (€245 billion) by a Dogecoin investor who accuses him of running a pyramid scheme to support the cryptocurrency.
17.06 / 09:25
Dogecoin
Law
Court
elon
Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit
Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE).
16.06 / 16:11
Binance
CEO
coinbase
Kraken
Bitcoin
Bucking trend, some crypto firms go on hiring spree
With Bitcoin tanking and the industry hunkering down for a crypto winter, in the last few days Coinbase has set out plans to reduce its workforce by 18%, BlockFi by 20%, Crypto.com by five per cent and Gemini by 10%. However, Binance says it is hiring for 2000 roles, while Kraken is adding 500 employees and OKX says it will increase headcount by 1500 over the next year.
16.06 / 14:57
BitMEX
BitMEX co-founder sentenced to probation over money-laundering violations
Benjamin Delo, a co-founder of cryptocurrency derivatives exchange BitMEX, was sentenced to 30 months probation for violating US anti-money-laundering law.
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