New York Financial News

10.05 / 10:35

UPS Shell stake Third Point pressures Shell to restructure after upping stake in the oil giant

Activist hedge fund Third Point told clients it has increased its stake in Shell and is still pushing the oil giant to restructure, six months after calling for a breakup of the company.

10.05 / 06:15

cryptocurrency Digital Bitcoin Time Bitcoin Plunges Below $30,000 For First Time Since July 2021

Bitcoin fell as much as 3.1% to $29,992 in Asian trading.

09.05 / 21:15

UPS Longer-Term Inflation Expectations Rose in April, Says New York Fed

Longer-term inflation expectations ticked higher in April, according to a survey released by the Federal Reserve Bank of New York on Monday, challenging the central bank’s efforts to bring price pressures down.

08.05 / 10:49

Metaverse crypto market Time VC investment in crypto market hits all-time high: Report

According to a report from Galaxy Digital Research, a New York-based financial services firm, venture capitalists (VCs) have invested more than $10 billion in crypto startups during the first quarter of 2022. This is the largest ever quarterly investment in the crypto industry in a quarter. Interestingly, the sharp surge in VC deals in the crypto space is executed at a time when the crypto markets are trading about 50 per cent below their peaks.

07.05 / 14:05

Blockchain cryptocurrency AXY cryptocurrency news US Imposes Sanctions On Virtual Currency Mixer Blender

US has imposed sanctions on virtual currency mixer Blender

06.05 / 17:59

cryptocurrency U.S. adds cryptocurrency mixer Blender to sanctions list over alleged North Korea links

The United States on Friday imposed sanctions on virtual currency mixer Blender, accusing it of being involved in one of the largest cryptocurrency heists on record and being used by North Korea, the U.S. Treasury Department said.

06.05 / 14:41

Apollo pushes into funds for wealthy investors

Apollo Global Management said it will release a slate of funds designed for individual investors, making it the latest alternative-asset giant to set its sights on the fundraising potential of the so-called retail market.

06.05 / 13:17

BTC Lowe's Bitcoin Bitcoin Bleeds as Celebrations about Interest Rate Hike Becoming Short-Lived

After hitting the $40K level as Fed’s interest rate hike made airwaves on May 4, Bitcoin (BTC) finds itself on the receiving end because it has sunk to a two-month low.

06.05 / 12:57

MARKET Federal Reserve avalanche Bitcoin Bitcoin drops the most in almost a month

Bitcoin dropped the most in almost a month as the optimism seen across financial markets following the Federal Reserve's meeting on Wednesday faded. The largest digital currency fell as much as 8% to $36,639, the biggest intraday drop since April 11. It had gained 5.3% on Wednesday. Ether slumped as much as 7.2%. Avalanche and Solana, among some of the largest gainers after the US central bank raised rates Wednesday, were down as much as 11% and 7.3%, respectively. «The market still needs to digest the impact of tighter monetary policy on all risk assets and crypto might take a hit as correlations» with U.S. stocks increase, said Josh Lim, head of derivatives of New York-based brokerage Genesis Global Trading.

06.05 / 11:09

Exchange Legal BitMEX Court Hands BitMEX Founders USD 30m in Fines for AML Violations

A New York court has ordered the three former masterminds of the BitMEX crypto exchange to fork out a combined USD 30m in “civil monetary penalties.”

06.05 / 05:19

CFTC regulation BitMEX Arthur Hayes penalty Court orders BitMEX founders to pay $30M civil penalty

The U.S. District Court for the Southern District of New York has ordered a total of $30 million civil monetary penalties from the three co-founders of BitMEX crypto derivatives exchange, including former CEO Arthur Hayes.

05.05 / 16:31

Ethereum Stablecoin litecoin Bitcoin Renowned Luxury Brand Gucci to Accept Bitcoin, Ethereum Payments in the US

Italian luxury brand Gucci will accept crypto payments across five flagship stores in the US by the end of the month and aims to expand the pilot to include all of its directly-operated stores in North America by this summer.

05.05 / 08:29

Adoption Payments Sandbox Gucci the latest luxury brand to accept crypto payments in store

The Italian high-end fashion label Gucci has announced it will begin accepting cryptocurrency payments by the end of the month in five of its United States stores, with plans to extend the service to all of its 111 stores in North America.

05.05 / 06:59

business Blockchain CFTC SEC New crypto litigation tracker highlights 300 cases from SafeMoon to Pepe the Frog

A new crypto litigation tracker from commercial law firm Morrison Cohen LLP shows details of more than 300 active and settled court cases since 2013.

04.05 / 19:23

MAIL Software Intuit Customers TurboTax owner Intuit to pay $141 million to customers 'unfairly charged'

Intuit, the owner of popular tax-filing software TurboTax, will pay $141 million in restitution to millions of low-income Americans who were «unfairly charged» for services that should have been free, according to a multistate agreement announced Wednesday.

04.05 / 07:11

cryptocurrency NFT NASDAQ Polygon Cryptoverse: Venture capitalists catch crypto fever

Scared of being left in the digital dust, private equity investors are stampeding towards crypto projects — blockchain-based apps and platforms fuelled by cryptocurrencies that are native to the virtual economies of the metaverse and Web3. VC investment in such projects totalled $10 billion globally in the first quarter of this year, the largest quarterly sum ever and more than double the level seen in the same period a year ago, according to data from Pitchbook.

03.05 / 23:47

regulation Congress bills legislation Sen. Lummis teases upcoming crypto bill, says NFTs won’t be included in it

United States Senator Cynthia Lummis appeared on a livestream hosted by Axios on Tuesday to tease the highly awaited bill on cryptocurrency she is authoring. The Wyoming Republican said the bill will be introduced as “one big piece so people can see the big picture” and be broken down into five or six components for consideration by the appropriate congressional committees.

03.05 / 13:15

Blockchain Ethereum Adoption Bitcoin VanEck enters metaverse with launch of NFT collection

VanEck, an investment firm with over $82 billion in assets under management, revealed its entrance into the Metaverse by releasing a collection of 1,000 nonfungible tokens (NFTs) on Monday.

03.05 / 09:59

Blockchain cryptocurrency Digital cryptocurrency news Private Equity Investors Get Bullish On Crypto Projects

Private equity investors are stampeding towards crypto projects

02.05 / 22:41

Law Ban New York State Law Decoded: The difference between New York City and New York State, April 25-May 2

Last week, New York dominated crypto media headlines in very different ways. In New York State, the local Assembly voted in favor of the bill that would ban for two years any new mining operations that rely on proof-of-work (PoW) consensus mechanisms and use fossil fuel-generated energy.

02.05 / 20:01

UPS FIVE CEO Solomonic Goldman Sachs CEO David Solomon says in-person attendance tops 50% after return-to-office push

In this article

breaking news about New York

What is the current situation in New York?

In New York, the spotlight is on socially significant developments that spark public discussion.

Where can I find reliable news about New York?

We publish in-depth coverage about the situation in New York, based on information from regional journalists.

What shapes the media agenda in New York?

The news landscape of New York is shaped by the region’s internal dynamics, reflecting its specific characteristics.