New York Financial News

Chase Smith had been saving for her first car long before she had a license to drive. But when the 16-year-old was ready to buy, she saw the prices and hit the brakes.

Bitcoin’s price has meandered the last few days, the largest cryptocurrency by market value has staged a modest under-the-radar recovery from its wintertime swoon. Bitcoin is on pace to post its third consecutive weekly increase, climbing almost 19% during the stretch, to trade around $43,500 as of 1:06 p.m. in New York. It dropped below $33,000 on Jan. 24, a decline of more than 50% from its all-time high of almost $69,000 reached in early November. The crypto market has been rattled as of late by growing expectations that central banks, led by the Federal Reserve, are poised to pull back on the pandemic-era stimulus that many observers credit for fueling the surge in risk assets over the past few years.

Apollo Global Management is nearing a deal to acquire the point-of-sale terminal business of European payments company Worldline SA for close to $2.3bn, according to people familiar with the matter.

Streaming and production giant Netflix will soon produce a documentary series on the infamous Bitfinex hack — one of the biggest financial crimes from 2016 stealing 119,756 Bitcoin (BTC) — worth $72 million at the time. 

Apollo Global Management is nearing a deal to acquire the point-of-sale terminal business of European payments company Worldline SA for close to $2.3bn, according to people familiar with the matter.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Binance, the world's largest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, a print and digital publisher, founded in 1917 and best known for the magazine of the same name. The funding from Binance is supposed to assist Forbes in completing a planned merger with a special purpose acquisition company (SPAC) in the first quarter of 2022.

Major crypto exchange Binance has made a USD 200m strategic investment into the global media company Forbes. 

The US Mayor who became known in the Cryptoverse as a Bitcoin (BTC) supporter and industry ally is now opposing crypto mining, citing high energy consumption. Meanwhile, a billionaire urges the state to get rid of BitLicense "right away."

Binance, the world's biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year old magazine and digital publisher, CNBC has learned.

Manchester United, one of the oldest soccer clubs globally, has confirmed the partnership with blockchain firm Tezos as the official training kit and technology partner.

It’s no secret the real estate market is skyrocketing, but the COVID-19 pandemic fueled yet another little-known land rush. Indeed, some investors are paying millions for plots of land — not in New York or Beverly Hills. In fact, the plots do not physically exist here on Earth.

Billionaire investor Bill Ackman has called upon New York City mayor to look into the crypto regulatory clampdowns associated with BitLicense.

Before New York couple Heather Morgan and Ilya "Dutch" Lichtenstein were arrested for the biggest-ever cryptocurrency theft in the United States, they lived a flamboyant lifestyle, which they showed off on their social media profiles.

The United States Government now controls one of the wealthiest Bitcoin wallets, as the Department of Justice seized $3.6 billion in stolen cryptocurrency from the 2016 hack of crypto exchange Bitfinex.

The FBI arrested a husband and wife on Tuesday morning, alleging they conspired to launder cryptocurrency stolen from the 2016 hack of virtual currency exchange Bitfinex, and said law enforcement has already seized over $3.6 billion (€3.1 billion) in cryptocurrency tied to the hack.

The price of Ether (ETH) has pulled back to retest $3,000 support levels on Feb. 9 after Ethereum's native token reached a three-week high.  

In 2016, cryptocurrency exchange Bitfinex was robbed of about $70 million, with hackers making away with some 1,20,000 bitcoins. The treasure is worth a staggering  $4.5 billion today! 

New York resident Heather Morgan, 31, claims to be many things: “a serial entrepreneur, prolific writer, irreverent comedic rapper, and investor in B2B software companies with high growth potential.”

In the cryptocurrency world, news about skyrocketing prices and valuations mostly elicits shrugs. But Ripple’s rise has raised hackles and disbelief. 

As the digital currency market starts to creep back following a major decline earlier this year, one long-time banker suggests that 2017's high-flying run may repeat itself. Oki Matsumoto, CEO of Japanese financial services company Monex Group Inc., spoke at the Japan Society in New York on Tuesday, indicating that despite a pushback from global regulators, cryptocurrencies could take off in the same manner that derivatives did 38 years ago when they were equally disliked by regulators. The finance executive started his career in derivatives at Solomon Brothers in 1987. The entrepreneur then spent 12 years at Goldman Sachs, where he was responsible for starting the investment bank's yen-denmonated fixed-income trading desk. (See also: Already More ICOs in 2018 Than All of 2017: $6.3B.)