New York Financial News

08.02 / 23:53

U.S. Households Took On $1 Trillion in New Debt in 2021

Americans took on more new debt in 2021 than in any year since before the 2008-09 financial crisis.

08.02 / 20:07

Bitfinex Legal Bitcoin US Arrests Two Suspects in Bitfinex Bitcoin Hack, Seize USD 3.6B in BTC

Two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder bitcoin (BTC) that was stolen during the 2016 hack of Bitfinex, presently valued at approximately USD 4.5bn, the US Department of Justice said.

08.02 / 12:57

Adoption Lightning Network lightning Bitcoin network bitcoin lightning Bitcoin Lightning Network goes live on Cash App

Mobile payment service Cash App revealed that Lightning Network can now be used to transfer Bitcoin (BTC) through its app. With the new feature, its users can send their BTC to any Lightning or on-chain BTC address.

07.02 / 16:57

NFT collection Accursed Share partners with author Merlin Sheldrake to launch NFT collection

Accursed Share has announced a partnership with Merlin Sheldrake, a New York Times' best-selling author, to launch an NFT collection based on his award-winning book. The artist-based production studio will launch NFT collection for the book titled 'Entangled Life: How Fungi Make Our Worlds, Change Our Minds, and Shape Our Futures.' The NFTs are digitally curated from Sheldrake's studies of three-dimensional scans of thousands of sliced and rendered samples of plants and fungi exploring their codependent intimacy.

05.02 / 14:35

crypto tax Global players flag 'one size fits all' approach in FM's crypto tax

virtual assets at a flat rate of 30 per cent although lauded by global players has faced some scepticism regarding the approach. Sitharaman on Tuesday announced that the taxation will be applicable without any exemption or deduction and the loss arising from the sale of virtual assets cannot be set off against income. While this is a positive step towards the adoption of technology for the future, a flat 30 per cent tax without any loss offset is alarming to a lot of investors, said Aliasgar Merchant, Developer Relations Engineer of New York-based Tendermint.

05.02 / 03:09

Digital Booking Bitcoin 1 in 5 College Students Used Loans for Cryptocurrency Investments

Some college students consider trading cryptocurrencies to be a better use of their student loan money than traditional spending, such as school supplies and other living expenses. According to a study by The Student Loan Report, over one-fifth of university students with student loan debt indicated that they used their borrowings to invest in digital currency such as bitcoin as reported by the New York Post.

05.02 / 03:09

Lowe's Ripple coinbase Bitcoin week Bitcoin Price Continues Climb From Last Week's Lows

The price of a single bitcoin continued its climb upwards after lows last week. On Saturday morning, it even surpassed the $9,000 mark before paring back its gains. At 14:19 UTC on Monday, bitcoin was trading at $8,689.80 per pop, up 7.8% from its price 24 hours ago. That figure also represents a climb of approximately 25% from its price a week ago.

04.02 / 16:15

UPS Citi Provident Bodegas are looking to zoning laws to defend their turf against instant delivery start-ups

Grocery delivery start-up Gopuff last fall moved into the ground-floor retail space of a new luxury apartment building on the Lower East Side of Manhattan, across the street from a bodega.

04.02 / 16:06

NFTS Non-fungible tokens Legal Nike Asks NY Court to Block Reseller StockX from Selling NFTs of its Shoes

Nike has filed a civil case in the United States against the Detroit-based online fashion resale platform StockX, claiming that the latter uses unauthorized images of its footwear in non-fungible token (NFT) offerings.

04.02 / 11:47

regulation SEC lending SEC’s Gensler Wants Crypto Exchanges, Lending Platforms to ‘Come and Work with’ Regulators

The US Securities and Exchange Commission (SEC) Chairman Gary Gensler has suggested that crypto exchanges and lending platforms should voluntarily work with the agency under existing securities laws.

04.02 / 11:37

Law NFT Metaverse retail NFT battles: Nike takes seller of unlicensed NFT sneakers to the court

Popular sneaker maker Nike has started the "licensed NFT" wars by taking an online reseller called StockX to court for trademark infringement or sale of unlicensed nonfungible token (NFT) sneakers.

04.02 / 08:07

business Art New York State A metaphor? NYC 'solid gold cube' crypto promo turns out to be hollow

The “solid gold cube” crypto promo that surfaced in New York this week has turned out to be hollow on the inside, with onlookers online lampooning the stunt as an appropriate critique of the extravagant promises of crypto and blockchain tech.

04.02 / 04:49

Southern Cocaine overdose led to trader’s death as suspects in deadly drug ring arrested

Three suspects have been arrested as it emerged that a former star trader died of an overdose of cocaine mixed with fentanyl, the deadly synthetic opioid.

04.02 / 03:53

Target Platform BlackRock TikTok BlackRock says its foray into TikTok shows ‘critical’ battle for Gen-Z investors

BlackRock, the world’s largest asset manager, released its first video on TikTok, becoming the latest financial services giant to tap into the fast-growing social media platform to target Gen-Z investors.

03.02 / 23:21

business coinbase IRS Deal Coinbase users can receive US tax refunds in crypto as part of TurboTax deal

Tax filing platform TurboTax is allowing U.S. filers to get their refunds directly in crypto as part of an arrangement with crypto exchange Coinbase.

03.02 / 21:57

UPS Remark Patrick Republicans grill Fed nominee Raskin over past views on climate and big energy companies

Senate Republicans on Thursday peppered the nominee to be the Federal Reserve's top banking watchdog with questions over whether she would steer the institution into climate change and other areas outside of its mandate.

03.02 / 20:18

UPS BlackRock TikTok BlackRock launches on TikTok as battle for Gen-Z investors heats up

BlackRock, the world”»’s largest asset manager, released its first video on TikTok, becoming the latest financial services giant to tap into the fast-growing social media platform to target Gen-Z investors.

03.02 / 10:26

Blockchain Platform Analytics Platform Dune Analytics Raises Nearly $70M in Series B Round, Led by Coatue

Ethereum-centric analytics platform Dune Analytics has raised $69,420,000 in Series B funding led by New York-based private equity firm Coatue.

03.02 / 00:29

New York Times New York Times Confronts Labor Strife as Tech Workers Push to Organize

New York Times Co. is resisting a unionization effort by its technology workers and is battling the newsroom’s main union over the creation of new holidays as labor strife at the publisher intensifies.

02.02 / 22:15

markets Adoption Bitcoin Financial Cryptocurrencies are the “new frontier” says financial researcher

In an exclusive television interview with Fox Business on Wednesday, JMP Securities director of financial technology research, Devin Ryan spoke candidly on a range of topics within the cryptocurrency industry. This included the macroscopic regulation amid the impending expectations of a White House policy framework, states within the United States accepting Bitcoin as legal tender as well as the vast potential for consumer adoption in the coming year.

02.02 / 20:51

business Web3 Funding data Dune Analytics raises near-$70M in Series B funding round

Dune Analytics, a leading data analytics platform, has announced a capital raise of $69,420,000, in addition to a $1 billion-dollar valuation, the latter of which means that the company attained "unicorn" status, which describes privately-held startups that have attained a valuation of $1 billion or more.

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