New York Financial News

Benjamin Delo the co-founder of cryptocurrency exchange BitMEX has been sentenced to 30 months probation for violating the Bank Secrecy Act (BSA), which is an anti-money laundering law.

On Wednesday, Uniswap announced that former New York Stock Exchange president Stacey Cunningham will join the company as an advisor.

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.

Bitcoin rout hits darkest phase with the entire market underwater

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 startups.

German bank Berenberg has laid off around 50 people in its New York office in the latest sign that investment banks are preparing for cuts after a slowdown in revenue.

Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown. The world's largest digital token tumbled as much as 15% to $23,336 — its lowest since December 2020. Other cryptocurrencies also declined as a broader sell-off continued. The MVIS CryptoCompare Digital Assets 100 Index, which measures 100 of the top tokens, dropped as much as 15%. And the total market value, which topped $3 trillion in November, was $1.02 trillion as of 9:48 a.m. New York time on Monday, according to CoinGecko. «The fundamentals to support stabilization and recovery just aren't there,» said Steven McClurg, co-founder and CIO at crypto fund manager Valkyrie Investments. «Things can and likely will get worse before they get better.»

“Everything is bigger in Texas” proved to be true during Consensus 2022. The crypto conference took place June 9–12 in Austin, Texas, this year, attracting 17,000 people from across the globe, despite the 100-degree plus weather. According to the event sponsors, Consensus 2018, which was held at the Hilton Hotel in New York, had previously drawn in almost 9,000 attendees. 

New York City’s Mayor Eric Adams spoke out on Monday, June 13, against a bill just one step away from effectively banning Bitcoin mining in the state for the next two years.

German bank Berenberg has laid off around 50 people in its New York office in the latest sign that investment banks are preparing for cuts after a slowdown in revenue.

One can hardly name a document more long-hoped-for as the crypto bill, co-sponsored by United States Senators Cynthia Lummis of Wyoming and Kirsten Gillibrand of New York, was for the crypto community. And, it’s finally here. Last week, Lummis and Gillibrand introduced a 69-page bill in the U.S. Senate. What’s inside? The projects of study on the environmental impact of digital assets and advisory committee on innovation, a tax structure, a mandate for analysis of the use of digital assets in retirement savings and much more.

With the wider crypto-market bleeding, there are many who wish to know how long the drawdown will go on for. It is in this context that during a recent edition of his podcast, Anthony Pompliano discussed Bitcoin’s on-chain analytics and what they mean.

The odds of a recession may be climbing as the Federal Reserve wrangles with inflation, but it's unlikely to be a deep one, according to Morgan Stanley CEO James Gorman.

The public’s expectations for inflation in the short term rose in May, according to a report Monday from the Federal Reserve Bank of New York.

German bank Berenberg has laid off around 50 people in its New York office in the latest sign that investment banks are preparing for cuts after a slowdown in revenue.

German bank Berenberg has laid off around 50 people in its New York office in the latest sign that investment banks are preparing for cuts after a slowdown in revenue.

Chinese mining chip designer Nano Labs has applied for an initial public offering (IPO) in the United States to raise $50 million on Nasdaq amid sluggish market conditions.

A boutique investment bank started by a group of former Goldman Sachs bankers more than doubled profit in the UK last year and has ramped up pay to over $10m.

New York: Bitcoin and Ether pared losses, after falling earlier on Sunday amid a broader retreat by the cryptocurrency complex in the wake of data showing US inflation hitting a fresh 40-year high. Ether declined as much as 6.4% to $1,424.40, its lowest level since March 2021, while Bitcoin dropped to as low as $26,876.51, its lowest since May 12.

The former global head of equities at Deutsche Bank — the last person to lead the unit before the German lender shuttered its stock trading division as part of a major overhaul — has re-emerged at a financial services expert witness firm.

NY bill aims to limit crypto miners using fossil fuel-generated power