New York Financial News

The United States Securities and Exchange Commission has extended its window to approve or disapprove spot Bitcoin (BTC) exchange-traded fund (ETF) applications from asset managers WisdomTree and One River.

Digital asset analytics provider The TIE has closed a strategic investment round backed by some of blockchain’s most prominent investors, underscoring heightened demand for crypto data and software services. 

Berkshire Hathaway said on 21 March it agreed to buy insurer Alleghany for about $11.6bn in cash in a deal that bolsters the insurance arm of billionaire Warren Buffett’s investment vehicle.

The people of Ukraine require the world’s help more than ever before. As the conflict between Russia and Ukraine continues to rage on, the world must rally behind the Ukrainian government to bring back peace and stability to the Eastern European nation.

US private equity firm Sycamore Partners is mulling a bid for high street fashion chain Ted Baker.

Bitcoin briefly spiked above $41,000 for the first time in a week, bringing the cryptocurrency out of its recent narrow trading range, as risk assets rebounded worldwide. The largest digital asset by market value jumped as much as 5.7% to $41,691 before paring its gains in early New York trading. It is down about 12% this year. Other tokens such as Ether and Solana also got a lift. Stocks rose, with Chinese equities rallying on a pledge by Beijing for policies to boost financial markets. “Whenever we see stock market relief, crypto tends to do well, especially lately,” said Marcus Sotiriou, an analyst at London-based digital asset broker GlobalBlock. “At the end of the day, the key driving force behind prices is macro, so I expect a struggle for a sustainable uptick.”

Three individuals who bought cryptocurrency through Coinbase filed a proposed class action March 11 in the Southern District Court of New York alleging that Coinbase is operating as an unregistered securities exchange. The lawsuit lists 79 tokens that it claims are securities Coinbase is selling in violation of state and federal law, and the buyers were not warned of the risks involved in their purchases.

Cryptocurrency miners can earn money by not mining, as long as they have the right software.

The Biden Administration has just passed an executive order furthering research into crypto assets in view of regulating them, but politicians within the ruling Democrat party remain deeply divided on digital currency.

Cointelegraph’s senior reporter, Rachel Wolfson visited South by Southwest (SXSW) — a ten-day annual technology, film and music festival based in Austin, Texas — to connect with, and interview, a melting pot of pioneers, luminaries, and enthusiasts from the crypto, blockchain and Web3 industries.

Global trading revenue generated by cryptocurrency exchanges hit $24.3bn in 2021 to surpass total revenue generated by traditional stock exchanges like the New York Stock Exchange and the Nasdaq for the first time ever, according to a report published by financial-services consultancy Opimas.

BEIJING — China signaled support for Chinese stocks on Wednesday, after days of worries about U.S. delisting risks sent the stocks plunging in New York and Hong Kong.

European equity capital markets enjoyed a stellar 2021. But when it comes to jumbo IPOs, it paled into insignificance compared with the late 1990s.

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New crypto funds also raised nearly $3 billion over the last two weeks.

Southern New York District Court Judge Analisa Torres issued two rulings Friday on motions filed in the Security and Exchange Commission (SEC) lawsuit against Ripple Labs.

European equity capital markets enjoyed a stellar 2021. But when it comes to jumbo IPOs, it paled into insignificance compared with the late 1990s.

Households’ expectations of the near-term future path of inflation surged back to record levels in February, amid growing worries that it will become harder to borrow money over coming months, according to a report Monday from the Federal Reserve Bank of New York.

Advertisements are in abundance everywhere we go — from billboards seen throughout road trips to commercials displayed every fifteen minutes or so during television shows. It’s also the case that most advertisements today display messages from major internet-based brands like Amazon, which was ranked as the largest advertiser in the United States in 2020. Telecommunication providers and payment giants like American Express have also been listed as some of the biggest advertisers in the United States. These companies typically spend billions of dollars per year on marketing messages aimed to inform, persuade and remind consumers about their products and services. 

The price of XRP, the cryptoasset affiliated with the American fintech firm Ripple, pumped strongly on Friday, before falling back down over the weekend. The moves came after a federal judge had rejected the US Securities and Exchange Commission (SEC)'s move to strike Ripple’s “fair notice” defense in the case.

Ever since its inception and throughout its turbulent journey toward mainstream acceptance, crypto has elicited both enthusiasm and trepidation in equal measure. After the unfair battering it has received over the years, the time has come to defend digital currencies.