New York Financial News
12.04 / 08:15
11.04 / 23:05
ETF
SEC
Bitcoin
advisers
Support
Financial
Survey of financial advisers and Grayscale comments suggest strong support for spot crypto ETF
While the United States Securities and Exchange Commission (SEC) has yet to approve a spot Bitcoin exchange-traded fund, a recent Nasdaq survey suggested that the offering could lead to greater adoption of crypto among financial advisers.
11.04 / 19:49
UPS
New York Fed: Public Expectations for March 2023 Inflation Hit 6.6% Record
Public expectations for the level of inflation a year from now hit a record in March, according to a survey released Monday by the Federal Reserve Bank of New York.
11.04 / 14:11
regulation
Paxos
United States Crypto Lobbyists Making Inroads at State Level – Report
Crypto lobbyists are making breakthroughs with adoption-focused legislation at the state level in various parts of the USA – with federal regulation still lagging behind.
10.04 / 15:47
Citigroup
Investment
hedge funds
Former Citigroup executives seek $100 million for crypto hedge funds
Citigroup Inc. executives who left the bank last month have formed Motus Capital Management, a firm that wants to make it easier for high-net-worth individuals to bet on cryptocurrencies. Alex Kriete, Greg Girasole and Frank Cavallo are seeking to raise $100 million for a pair of actively managed hedge funds that will focus on digital assets, the three said in interviews. They are each founding partners of Motus, the Latin term that’s the origin of the word “motor.” “Clients are hungry for returns,” Kriete said. “They’re wanting exposure, but they have a hard time telling what’s scammy and what are real investment opportunities.”
10.04 / 05:35
business
Blockchain
Technology
Adoption
week
The first-ever Metaverse Fashion Week: Digital fashion is here to stay
Incredible as it may seem, digital fashion has developed so much that it already needs its own fashion week with all that implies: from the shows and presentations of new collections to public talks and parties with true DJs. The first-ever digital fashion week took place March 23-27 in Decentraland, a decentralized virtual social platform on the Ethereum blockchain.
09.04 / 13:55
Ex-Goldman Sachs banker convicted of bribery, money-laundering in 1MDB case
A former Goldman Sachs banker was convicted 8 April of helping to loot billions of dollars from a Malaysian sovereign-wealth fund in one of the world’s largest financial scandals.
08.04 / 19:27
Ex-Goldman Sachs banker convicted of bribery, money-laundering in 1MDB case
A former Goldman Sachs banker was convicted 8 April of helping to loot billions of dollars from a Malaysian sovereign-wealth fund in one of the world’s largest financial scandals.
08.04 / 17:25
Law
Environment
Court
NY State Supreme Court dismisses petition against crypto mining company
In an important precedent, a New York State Supreme Court judge in Yates County ruled in favor of cryptocurrency mining firm Greenidge Generation, dismissing a petition filed by a coalition of environmental activists.
08.04 / 15:35
Amazon
Amazon Intends to Appeal Union Victory in New York
Amazon.com Inc. plans to appeal its loss last week to union organizers in New York, where workers voted to establish the company’s first U.S. union.
08.04 / 15:09
markets
Stablecoin
Liquidity
Funding
Near Protocol eyes a Terra-like price rally after new $350M funding raise
Near Protocol (NEAR) has rallied by almost 30% after announcing on April 6 that it had raised $350 million in a funding round led by Tiger Global, a New York-based hedge fund.
07.04 / 23:47
business
Robinhood
wallet
Robinhood rolls out wallets to 2M waitlisted users, plans to integrate Lightning
Cryptocurrency and stock trading app Robinhood will roll out its digital wallet feature for 2 million additional users.
07.04 / 18:17
Career
Bitcoin
Speculation
JPMorgan-turned-crypto exec says there’s ‘not enough speculation in crypto’
Thomas Lee said he has seen a boom in client interest in bitcoin since his boutique research firm first opened its doors eight years ago. “The interest in bitcoin is very high,” the managing partner and the head of research at New York-based Fundstrat Global Advisors said at the Bitcoin 2022 conference in Miami. “There's some FOMO,” he said, and more regulation “certainly changed the career risk that they think they are taking. But they think crypto is still too speculative, and that it is not legitimate.” “What people overlook is there's actually not enough speculation in crypto,” Lee said.
07.04 / 09:21
Conference
Miami
Bitcoin
Mayor unveils 'Miami Bull' statue with laser eyes to kick off Bitcoin 2022
To mark the opening of the Bitcoin 2022 conference, Miami mayor Francis Suarez unveiled a laser-eyed bull statue meant to symbolize Miami becoming the self-proclaimed “world’s capital of crypto.”
07.04 / 06:15
Career
Bitcoin
Speculation
JPMorgan-turned-crypto exec says there’s ‘not enough speculation in crypto’
Thomas Lee said has seen a boom in client interest in bitcoin since his boutique research firm first opened its doors eight years ago. “The interest in bitcoin is very high,” the managing partner and the head of research at New York-based Fundstrat Global Advisors said at the Bitcoin 2022 conference in Miami.
07.04 / 05:29
Adoption
defi
Grayscale
Digital Asset Management
Sushi and Synthetix get the boot in Grayscale DeFi fund rebalancing
Digital asset management firm Grayscale, has added three new cryptocurrency assets across three main investment funds, while removing two other assets from its Decentralized Finance Fund as part of this year’s first quarterly rebalance.
06.04 / 18:15
business
NFT
Starbucks
controversy
Starbucks announces NFT initiative as union-busting controversy continues
Nonfungible tokens (NFTs) have seen their fair share of controversy, but now they have found their way into the midst of the battle between multi-billion dollar corporations and workers trying to unionize their workplaces in the United States.
06.04 / 06:51
Digital
Wells Fargo
How US banks are dipping their toes in the crypto water
Here is how some of the biggest banks operating in the United States have gotten involved in crypto: CUSTODY SERVICES
05.04 / 20:21
cryptocurrency
World News
A 30-year-old crypto billionaire wants to give his fortune away
The Economic Club of New York has hosted kings, prime ministers, and presidents, as well as Amazon.com Inc.’s Jeff Bezos and JPMorgan Chase & Co.’s Jamie Dimon. Central bankers’ comments at the 115-year-old organization have moved markets. Sam Bankman-Fried, a 30-year-old cryptocurrency billionaire, is probably the first person to play a computer game while giving a talk.
05.04 / 14:03
cryptocurrency
Digital
CryptoExplainer
Bitcoin
List Of Top US Banks Capitalizing On Crypto Potential: Report
Factbox-How U.S. banks are dipping their toes in the crypto water
05.04 / 09:57
Crypto investing
Crypto Investors
More than half crypto investors made their first buy in 2021: Gemini
crypto investors in India and the world, 2021 was a breakout year as this new-age asset class evolved into a global phenomenon, revealed a report titled 'The Global State of Crypto Report 2022' by Gemini Crypto Exchange. According to a report by Gemini, New York-based global cryptocurrency exchange, the trend is likely to continue. For the purpose of this study, the exchange examined more than 30,000 adults across 20 countries, including India. The survey was conducted online between November 23, 2021, and February 4, 2022, with participation from adults up to the age of 75. The study was conducted on behalf of Gemini by Data Driven Consulting Group.
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