New York Financial News

29.03 / 13:05

NASDAQ Stock indices NYDIG Bitcoin Iris Energy Raises $71m in Debt Issuance

Iris Energy raised $71 million in debt issuance for new Bitcoin mining equipment.

29.03 / 10:09

UPS Software Deal HG Capital bolsters headcount after software sector deal frenzy

Hg Capital has ramped up the size of its team since the start of the pandemic following a bumper spell of deals in the software sector.

29.03 / 09:13

cryptocurrency Platform Bitcoin Buoyant Bitcoin Helps Crypto Market Surge Past $2 Trillion Barrier

Bitcoin's market capitalisation has reached $902 billion.

29.03 / 07:39

Technology Ethereum NFT Artists luxury brands week Nifty News: Luxury brands join Decentraland's Metaverse Fashion Week

This past weekend, Decentraland hosted the Metaverse Fashion Week, or MVFW, a four-day digital fashion event that staged wearables on virtual runways, organized discussion panels, and housed shopping experiences. A lineup of both legacy luxury labels and digital brands participated, including Dolce & Gabbana, Etro, Tommy Hilfiger, Estée Lauder, and Elie Saab.

29.03 / 04:21

Law Law Decoded: Crypto taxes and taxes on crypto, March 21–28.

It was relatively quiet in the digital asset policy department last week, as regulators and lawmakers in most key jurisdictions retreated to their offices to do the necessary homework. In the U.S., federal agencies got on with the various reports that President Joe Biden’s recent executive orders directed them to produce. Over in the United Kingdom, both the central bank and the Financial Conduct Authority also dropped position papers on crypto-related issues. After thorough deliberation, Thailand’s financial authorities spoke out against using crypto as a means of payment, while rumors of potential legal tender adoption of crypto emerged and died in Honduras.

28.03 / 12:57

CEO Strategy NYDIG Bitcoin Greenidge Secures $100M Fund, Aims to Enlarge Operations in U.S.

Greenidge Generation Holdings has secured $100 million in funds to help in enlarging its operations in the U.S.

28.03 / 00:35

Government Blockchain Is Austin the next US crypto hub? Officials approve blockchain resolutions

Innovative cities across America are racing to become the next hot spot for cryptocurrency and blockchain adoption. Miami was the first city to adopt its own part of CityCoins last year, allowing it to implement its own cryptocurrency called “MiamiCoin” to be used for civic engagement.

26.03 / 16:21

Art Adoption NFT Fashion week 'Anything is Possible in Metaverse': Decentraland's Fashion Week Attracts 60+ Designers, Brands & Artists

The metaverse continues to infiltrate the high-end fashion industry, with Decentraland, one of the most popular emerging virtual worlds, hosting the Metaverse Fashion Week between March 24 and 27, which will include more than 60 brands, artists, and designers.

25.03 / 20:41

BTC Lowe's ETF Bitcoin Holdings Warning ATH ProShares ETF’s BTC holdings touches ATH, but there are some warning signs

Bitcoin climbed to more than $44,000 for the first time in almost a month, breaking out of its recent narrow trading range amid a renewal of risk appetite. At press time, BTC was trading at the $44.7k mark with a 3% surge in 24 hours.

25.03 / 20:17

UPS Williams Action boost Fed's Williams: Fed Can Boost Rates By 50 Basis Points if Needed

Federal Reserve Bank of New York leader John Williams said Friday that he is open to the central bank doing a half-percentage-point interest rate increase if the economy’s outlook calls for it, while stopping short of saying such an action is likely.

25.03 / 17:01

Law Congress Senate crypto legislation Senators US senators Lummis, Gillibrand reveal working on bipartisan crypto legislation

United States Senator from New York Kirsten Gillibrand revealed working with Senator Cynthia Lummis on a broad-based regulatory framework for the crypto industry on Thursday during a live event in Washington, D.C.

25.03 / 05:43

business regulation Scams us government DOJ cracks down on 'rug pulls', charging Frosties NFT project founders

The Department of Justice (DOJ) has taken action against an alleged NFT rug pull, after it slapped the founders of the Frosties project with charges relating to fraud and money laundering.

24.03 / 17:01

Ethereum Provident Digital Bitcoin Investment Bank Cowen Launches Digital Asset Unit

U.S. full-service investment bank Cowen Inc. (COWN) announced on Wednesday, March 23, that it has launched a dedicated digital asset division, becoming the latest Wall Street bank to enter the emerging cryptocurrency space.

24.03 / 12:37

Adoption PayPal Bitcoin Portsmouth embraces Bitcoin payments for city bills

In an effort to embrace virtual money, the city of Portsmouth, New Hampshire, will allow residents to pay their bills in Bitcoin (BTC) and other cryptocurrencies. Deaglan McEachern, the city's mayor, proposed the idea to city officials, who feel it will provide residents with more payment choices.

23.03 / 21:19

business Blockchain Technology Adoption Meta files 8 digital asset and Web 3.0 trademark applications

Meta, formerly Facebook, has filed eight trademark applications with the United States Patent and Trademark Office, or USPTO, relating to blockchain technology and its proposed metaverse. The applications and their fields of interest are as follows, organized by serial number:

23.03 / 18:39

Citi JPMorgan Chase 500 Wall Street bonuses climb to record $257,500 per worker last year, New York's fiscal chief says

The average bonus paid to securities industry employees in New York climbed 20% to a record $257,500 for last year, according to state comptroller Thomas DiNapoli.

23.03 / 16:21

business Blockchain Binance Sport Crypto and NFTs at F1: What are firms bringing to the races beyond sponsorships?

The cryptocurrency community has always put an emphasis on decentralization and globalization. Therefore, it shouldn’t come as a surprise that a number of crypto companies are sponsoring Formula 1 (F1) racing teams in an attempt to further connect with audiences across the world.

23.03 / 15:05

freeze Student-Loan Freeze Saves Borrowers Nearly $200 Billion as Biden Considers Extension

Around 37 million federal student-loan borrowers were spared $195 billion in loan payments since the government froze their payments at the onset of the pandemic, and many of them are likely to struggle with their debts when the moratorium is lifted, according to a report released Tuesday by the Federal Reserve Bank of New York.

23.03 / 10:01

business Mining Environment Energy US Bitcoin mining firm turns to harmful coal waste for cleaner energy

Stronghold Digital Mining (SDIG), a crypto mining company in Pennsylvania, is turning waste from old power plants into energy to power hundreds of Bitcoin mining rigs.

22.03 / 05:35

Ethereum cryptocurrency goldman sachs Bitcoin Cryptocurrency Prices Today on March 22: BTC continues to slide as ETH, ADA clock gains

The global cryptocurrency market-capitalisation rose 0.53 percent over the last 24 hours to stand at $1.87 trillion. Trading volumes also jumped 13.96 percent to $89.28 billion during this period.

22.03 / 02:43

Cyberpunk This hedge fund pocketed $25m off Cyberpunk 2077’s flopped debut

Crucial flaws in Cyberpunk 2077, one of the most highly-anticipated video games of the year, which fans had waited more than eight years to play, led the stock price of its developer to plunge by more than a third since its release.

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