New York Financial News
11.03 / 23:09
BlackRock
Holdings
BlackRock funds take $17bn hit on Russia holdings
BlackRock funds have incurred losses of about $17bn due to their holdings in Russian companies, with the world's largest money manager having to write down assets in a market that has become uninvestable following the invasion of Ukraine.
11.03 / 19:09
ETF
Investments
SEC
spot bitcoin
Global X
SEC rejects spot Bitcoin ETF applications from NYDIG and Global X
The United States Securities and Exchange Commission, or SEC, has disapproved spot Bitcoin exchange-traded fund applications from the New York Digital Investment Group and fund manager Global X after deferring on a decision several times in the last year.
11.03 / 18:53
How Skadden dropped Chelsea FC’s Roman Abramovich before UK sanctions hit the oligarch
Roman Abramovich’s longtime US law firm Skadden Arps Slate Meagher & Flom cut ties with the Russian oligarch before he was hit with UK sanctions on 10 March, according to a person familiar with the matter.
11.03 / 17:23
How Skadden dropped Chelsea’s Roman Abramovich before UK sanctions hit the oligarch
Roman Abramovich’s longtime US law firm Skadden Arps Slate Meagher & Flom cut ties with the Russian oligarch before he was hit with UK sanctions on 10 March, according to a person familiar with the matter.
11.03 / 17:23
BlackRock
Holdings
BlackRock takes $17bn hit on Russia holdings
BlackRock has incurred losses of about $17bn due to its holdings in Russian companies, with the world's largest asset manager having to write down assets in a market that has become uninvestable following the invasion of Ukraine.
11.03 / 11:17
Target
ETF
Global X
Global X sets ‘aggressive’ target to triple European ETF assets
Global X, one of the newest entrants to Europe’s booming exchange-traded fund market, has set an “aggressive” target to more than triple assets in the region to $1bn by the middle of the year.
11.03 / 01:13
10.03 / 19:03
Congress
Crypto lobbyists up 180% since 2018, with Andrew Yang joining the charge
Lobbying by the cryptocurrency industry and crypto proponents is booming in the U.S. Congress. According to a report released Tuesday by Public Citizen, the number of lobbyists for cryptocurrency-related issues rose from 115 in 2018 to 320 in 2021, with the number of representatives of the cryptocurrency industry, itself, jumping from 47 to 157 in that time.
10.03 / 17:53
business
Stablecoin
Paxos
Financial
Paxos secures approval from Singapore’s financial regulator
The Monetary Authority of Singapore, or MAS, has granted stablecoin issuer Paxos regulatory approval to offer crypto services to local companies.
10.03 / 11:37
cryptocurrency
Twitter
Reuters
Support
Ukraine-Russia War: Boxer-Turned-Entrepreneur Launches NFT To Support Ukrainians
Wladimir Klitschko has collaborated with New York-based Street Artist 'WhIsBe'.
10.03 / 03:33
Target
ETF
Global X
Global X sets ‘aggressive’ target to triple European ETF assets
Global X, one of the newest entrants to Europe’s booming exchange-traded fund market, has set an “aggressive” target to more than triple assets in the region to $1bn by the middle of the year.
09.03 / 13:55
business
Blockchain
Ripple
Reserve
Federal Reserve works with China’s blockchain ally for instant payments
The United States Federal Reserve is moving forward with its real-time payment project FedNow Service by starting experimenting with the blockchain infrastructure.
07.03 / 11:43
Coindesk
Bitcoin
What bitcoin needs to stabilise as the crypto drops below $40,000
Bitcoin extended its losses on 4 March, falling below $40,000 with investors concerned about the worsening war between Russia and Ukraine, after Russian troops seized Ukraine's largest nuclear power plant.
07.03 / 11:37
business
Ethereum
Art
Bitcoin
Auctioneer willing to sell $70M artwork for BTC or ETH
In further signs of crypto adoption among the art world, a leading United States auction house will accept crypto as payment for a series of paintings. A Jean-Michel Basquiat collection is up for auction by Phillips, with Bitcoin (BTC) and Ethereum (ETH) listed as payment options.
05.03 / 19:51
NFT
hacks
Altcoin
Tokens
Opensea phishing scandal reveals a security need across the NFT landscape
Despite the ongoing volatility plaguing the digital asset sector, one niche that has undoubtedly continued to flourish is the nonfungible token (NFT) market. This is made evident by the fact that a growing number of mainstream mover and shakers including the likes of Coca-Cola, Adidas, the New York Stock Exchange (NYSE) and McDonalds, among many others, have made their way into the burgeoning Metaverse ecosystem in recent months.
04.03 / 22:09
04.03 / 14:39
BlackRock
index
BlackRock halts purchase of Russian equities across active and index funds
BlackRock, the world's largest asset manager, said it stopped trading Russian securities across its funds earlier this week.
04.03 / 13:43
Mining
Bitcoin
Mining Difficulty
Time
Bitcoin mining difficulty drops for the first time this year
For the first time since November 2021, the Bitcoin (BTC) mining difficulty adjustment has dropped, correcting 1.49%. The move follows a succession of 6 consecutive positive difficulty adjustments, in which the mining difficulty and hash rate hit all-time highs.
04.03 / 12:01
Dogecoin
Twitter
Digital
Mobile
AMC Theatres to Accept Shiba Inu and Dogecoin by March 19
American entertainment and cinema brand AMC Theatres integrates Dogecoin (DOGE) and Shiba Inu (SHIB) as payment options for its services.
04.03 / 07:51
Williams
Action
New York Fed’s Williams Supports March Rate Rise Despite Uncertain Outlook
Federal Reserve Bank of New York President John Williams said Thursday he believes an interest rate increase this month is likely and that the U.S. central bank has the will and space to raise rates to lower inflation if price pressures don’t ease.
04.03 / 07:43
Mining
regulation
Bitcoin
Support
New York Bitcoin mining moratorium bill garners more support
A New York State proposal to suspend fossil fuel-powered proof-of-work mining for three years across the state has gained support from two more Assembly members.
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