New York Financial News

07.06 / 22:39

business Blockchain Adoption PayPal PayPal enables transfer of digital currencies to external wallets

After rolling out the ability to buy and sell crypto on its platform in October 2020, PayPal is finally allowing users the ability to natively transfer, send, and receive digital assets between PayPal and other wallets and exchanges. As of today, the feature is available to select U.S. users, with the feature expanding to all eligible U.S. users in the coming weeks. The first batch of supported coins consists of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

07.06 / 17:45

Health Science patient This breakthrough drug trial saw cancer vanish in every patient

More than a dozen rectal cancer patients in the United States have seen their cancer disappear after undergoing experimental immunotherapy, in what doctors are calling an astonishing result.

07.06 / 16:59

Ethereum CFTC SEC Bitcoin Senators Here's What US Senators Put in New Crypto-Friendly Bill

In a bipartisan effort to pave the way for more crypto-friendly regulations in the US, Wyoming Republican Senator Cynthia Lummis and Democratic senator representing the state of New York, Kirsten Gillibrand, are set to introduce a new draft bill today, dubbed the 'Responsible Financial Innovation Act'.

07.06 / 15:27

Europe community Bitcoin 'Nothing New at All' in Research Paper That Accuses Bitcoin of Early Centralization

A new research paper that claims Bitcoin (BTC)'s early success relied on “cooperation among a small group of altruistic founders” rather than true decentralization has ignited a debate in the community, with some questioning why it received such massive media attention despite being “not notable at all.”

07.06 / 14:15

cryptocurrency CLIMATE CRISIS Bitcoin Power Cryptocurrency miners may no longer be able to use fossil fuel-generated power in New York

The New York State Legislature has passed a bill that would impose a two-year ban on the use of fossil-fuel power plants to provide energy to miners of cryptocurrencies like Bitcoin.

07.06 / 12:09

UPS Citi Digital SEC Bipartisan crypto overhaul seeks to treat most digital assets as commodities and empower CFTC

As excited as Wall Street and Main Street were to have crypto as a new investment idea and store of value, the speed at which cryptocurrencies entered mainstream U.S. markets caused proportionate angst for U.S. regulators, who were equipped only with decades-old securities laws to police an industry many still refer to as the financial «Wild West.»

07.06 / 11:07

cryptocurrency NFT CRYPTONEWS Solar ‘WeCryptoEco’ Opens the World’s Largest Solar Powered Farm to NFT Holders

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

06.06 / 22:35

markets Mining Bitfinex Bitcoin Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed?

Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with today’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date.

06.06 / 15:59

Blockchain Twitter Bitcoin New York's push to ban crypto mining triggers response from community

As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once approved, members of the crypto community express their disagreement through social media.

06.06 / 09:15

business Law Crowdfunding DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding target

No-loss lottery decentralized finance (DeFi) platform PoolTogether has reached 100% of its legal defense funding goal via the sale of NFTs.

06.06 / 05:41

cryptos New York AG raises red flag on cryptos, industry highlights the need for regulations

crypto regulations across the globe, the Attorney General (AG) of New York has raised red flags against the risks of crypto trading and mining.New Yok AG Letitia James has warned the investors over these risks as the state pursues efforts to ban proof-of-work (PoW) crypto mining. James stated that the investors have lost billions of dollars and crypto assets are subject to extreme volatility and unpredictable price swing, making them among the most high-risk investments in the market.

05.06 / 17:25

Lowe's CEO JPMorgan A paradigm shift has begun in markets, says Morgan Stanley's Ted Pick. Here's what to expect

Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate debt, according to Morgan Stanley co-President Ted Pick.

05.06 / 06:15

cryptocurrency Extreme Bitcoin bitcoin rises Cryptocurrency Prices Today June 5: Bitcoin rises, Ether biggest gainer

Major cryptocurrencies traded in the green early on June 5 as the global crypto market cap increased 0.74 percent to $1.23 trillion over the last day. Total crypto market volume over the last 24 hours declined 28.77 percent to $43.77 billion.

04.06 / 11:31

cryptocurrency CryptoExplainer cryptocurrency news "Critical" We Understand Digital Money's Impact: US Policymaker

"Critical" central banks understand impact of digital money: US policymaker

04.06 / 10:07

cryptocurrency Gemini cryptocurrency news Bitcoin Crypto Exchange Gemini Sued Over 2017 Bitcoin Futures Contract: US CFTC

US CFTC sues crypto exchange Gemini over 2017 statements

04.06 / 09:21

cryptocurrency Extreme Terra Luna Bitcoin Luna New York AG warns against risks of crypto trading

The Attorney General of New York has issued an alert, warning people of the “dangerous risks” of investing in cryptocurrencies, as the crypto markets have corrected significantly from their all-time highs.

04.06 / 08:49

cryptocurrency cryptocurrency news Is A Crypto Storm Coming? Focus On Digital Money Intensifies: Report

A coming crypto storm for central banks? Focus on digital money intensifies

03.06 / 16:35

Blockchain Bitcoin New York Senate votes for bitcoin mining moratorium

The bill calls for a two year moratorium on crypto mining operations that use proof-of-work authentication methods to validate blockchain transactions.

03.06 / 15:03

Blockchain New York State Bitcoin New York AG warns against crypto investments amid state push to ban mining

As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto.

03.06 / 11:19

POW Bitcoin New York State Senate passes Bitcoin mining moratorium

The New York State Senate approved a controversial proof-of-work (PoW) mining ban bill that would prohibit any new Bitcoin (BTC) mining operations in the state.

03.06 / 07:23

crypto currency Crypto exchanges crypto market First-ever insider trading case hits crypto market

insider trading in crypto assets. This makes it the first-ever case of insider trading in the digital asset market. New York-based Chastain is charged with wire fraud and money laundering in connection with a scheme to commit insider trading in non-fungible tokens (NFTs) by using confidential information for his personal financial gain. Chastain, 31, of Manhattan, was accused of secretly buying 45 NFTs on 11 separate occasions based on confidential information that the tokens, or others by the same creator, would soon be featured on OpenSea's home page.

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