New York Financial News

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.

NYDIG, a company specialising in providing Bitcoin investment and technology solutions, announced on Feb. 1 the launch of an employee bitcoin savings plan that allows employees to convert a portion of their salary into bitcoin.

The New York Digital Investment Group, or NYDIG, has launched a benefit program allowing employees of participating companies to convert a portion of their paychecks into Bitcoin.

With roughly nine months until major federal and state elections, New York State gubernatorial candidate Jumaane Williams is making crypto mining an issue in his campaign, criticizing the lack of regulatory clarity.

Stephen Bird is remarkably candid about some of the challenges he faced when he arrived as chief executive of Abrdn almost 18 months ago.

Nouriel Roubini, professor emeritus at New York University’s Stern School of Business, is chief economist at Atlas Capital Team

Stephen Bird is remarkably candid about some of the challenges he faced when he arrived as chief executive of Abrdn almost 18 months ago.

marketplace Bakkt Holdings Inc. have dropped to all-time lows, wiping out about $10 billion in market value since reaching a record high following the firm’s much-touted public market debut in October. The platform, majority owned by New York Stock Exchange parent Intercontinental Exchange Inc., began trading in October after the close of a $2.1 billion SPAC deal. The shares rose as high as $50.80 shortly thereafter as cryptocurrency prices surged, pushing the exchange’s market value to around $11 billion. Bakkt, which fell as low as $3.31 on Friday, ended the week at $3.61. Bakkt’s stock has steadily dropped as losses and roiling markets pushed investors to take cover. The market value sank below $1 billion this week for the first time.

“There are disturbing echoes of the subprime crash.”

The European Union ombudsman on Friday found the bloc's executive arm responsible for “maladministration" after it did not provide access to text messages between its president and the CEO of pharmaceutical company Pfizer relating to coronavirus vaccine purchases.

Nobel Prize-winning economist Paul Krugman has given an ominous warning about the volatile cryptocurrency market, comparing it to the subprime mortgage crisis of the late 2000s.

CoinTracker enables consumers to track their crypto portfolios across exchanges and wallets.

UK financial services firms have the world's most agreeable regulations, the City of London Corporation said, as new research suggests the City held onto its top spot for financial and professional services business for the second year in a row.

Flushing Financial Corporation, the parent company behind New York-based Flushing Bank has partnered with crypto firm New York Digital Investment Group (NYDIG) to offer Bitcoin (BTC) services to its customers.

Blackstone Inc.’s net income nearly doubled in the fourth quarter thanks to strong investment performance in some of its biggest businesses, as the largest private-equity firm by assets raked in more cash than in any other period in its history.

The cryptocurrency industry is eager to comply with the Financial Action Task Force's (FATF) so-called Travel Rule, and appears willing to work with regulators in order to expedite the process, a new survey found.

UK financial services firms have the world's most agreeable regulations, the City of London Corporation said, as new research suggests the City held onto its top spot for financial and professional services business for the second year in a row.

Blackstone’s net income nearly doubled in the fourth quarter thanks to strong investment performance in some of its biggest businesses, as the largest private-equity firm by assets raked in more cash than in any other period in its history.

Digital asset custody platform Fireblocks has raised $550 million in Series E funding to become one of the blockchain industry’s most valuable companies, underscoring heightened institutional appetite for cryptocurrency products despite extreme price volatility. 

The United States Securities and Exchange Commission (SEC) is reportedly reviewing some of the high-yield crypto lending products offered by Gemini, Celsius Network and Voyager Digital.

BEIJING — Investors may have to think twice about whether to bet on Chinese tech start-ups as new regulations are imposed on mainland companies looking to go public in the U.S.