New York Financial News

14.01 / 20:33

business Funding Taxes valuation Crypto-focused software firm Lukka raises $110M, reaches $1.3B valuation

Cryptocurrency accounting and data company Lukka said it had raised $110 million in a new funding round led by hedge fund giant Marshall Wace.

14.01 / 11:49

Ethereum Ripple SEC Legal Ripple Wins Right to Access SEC’s 2018 Ethereum Emails as XRP Case Rumbles on

Ripple’s protracted legal battle with the US Securities and Exchange Commission (SEC) has taken yet another turn – with the firm winning the right to access a much-contested document containing quotes by an SEC official on the matter of whether or not ethereum (ETH) is a security.

14.01 / 10:31

UPS Citi Citigroup Citi reduces consumer bank operations in Asia to free up resources for wealth push

Citigroup Inc. agreed to sell its consumer-banking franchises in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank, advancing its strategy to exit most of its retail operations in Asia and free up resources to deploy in wealth management.

13.01 / 12:43

NATO Sexual assault Jail Syrian ex-secret police officer given life jail term after landmark German trial

In a landmark verdict in Germany, a former Syrian secret police officer has been sentenced to life in prison after being found guilty of crimes against humanity, the first such process in the world linked to abuses committed by Bashar al-Assad's regime.

13.01 / 11:07

cryptocurrency Lawsuit Kim Kardashian, boxer Floyd Mayweather sued for allegedly misleading investors about cryptocurrency token

A lawsuit has been filed against American reality TV star Kim Kardashian and boxer Floyd Mayweather Jr for allegedly misleading investors about a cryptocurrency token.

13.01 / 10:51

NATO London Disaster Italy marks ten years since the Costa Concordia ship disaster

Italy will mark the 10th anniversary of the Costa Concordia cruise ship disaster on Thursday with a daylong commemoration.

13.01 / 09:41

VISA NATO London open Australian Novak Djokovic included in Australian Open draw as visa decision goes down to the wire

Novak Djokovic has been included in the draw for next week's Australian Open tennis tournament, but his participation is still in doubt with a government decision still due on whether the unvaccinated tennis star can stay in the country.

13.01 / 06:55

Art NFT Auction Wikipedia 'Emergency': Wikipedia editors vote against classifying NFTs as art

A group of editors on Wikipedia, the free user generated encyclopedia, have voted against classifying NFTs as a form of art and have come to a consensus to shelve the issue until a later date.

13.01 / 00:51

Blockchain NFT Food open NYC restaurant claims it will open for NFT holders only

VCR Group, the hospitality company founded by entrepreneur Gary Vaynerchuk, announced the live token sale of its latest members-only private dining club in New York City, called Flyfish Club. Prospective seafood-restaurant-goers must purchase their membership on the blockchain, sold as a nonfungible token (NFT).

12.01 / 19:49

Money Bitcoin new cryptocurrency Will New York's new mayor turn the city into a new cryptocurrency hub?

With US cities such as Miami and Austin trying to court digital asset companies, John Wu was unsure whether to make New York the permanent home of his cryptocurrency and blockchain start-up Ava Labs - until Eric Adams was elected mayor last year.

12.01 / 09:21

Digital Bitcoin Bitcoin Price Bitcoin Death Cross News: Bitcoin Death Cross Is Staring Down Bulls After A Painful Retreat

Bitcoin dropped more than 30% since reaching a high of almost $69,000 in November

11.01 / 07:59

cryptocurrency Digital Bitcoin Time Bitcoin Slumps More Than 40% From November's All-Time High Of $69,000

Bitcoin bounced off the lows of the day after falling as much as 6% to $39,774 in New York trading.

11.01 / 00:55

New York Business Owners Sidestep Billions in Federal Taxes With State’s Help

New York business owners are saving billions of dollars in taxes by using a state-approved system for sidestepping the $10,000 federal cap on state and local tax deductions.

10.01 / 14:29

cryptocurrency ETF Bitcoin Bitcoin Etf Bitcoin ETF That Debuted On New York Stock Exchange With Much Fanfare Is Now A Big Loser

A Bitcoin ETF, which had debuted on New York stock exchange with a bang, has now crashed

10.01 / 13:47

Ethereum Art Binance Bitcoin Collectibles Top 20 NFT Marketplaces Where You Can Buy & Sell Digital Collectibles

Non-fungible tokens (NFTs) are (still) booming, with new marketplaces appearing almost every week to meet the growing demand. That can make it tricky for newcomers to know where to safely buy and sell virtual items and crypto art.

10.01 / 09:27

Court Fire NATO New York: Bronx apartment fire kills 19, including nine children

A malfunctioning space heater sparked a fire that filled a high-rise Bronx apartment building with thick smoke Sunday morning, killing 19 people including nine children in New York City’s deadliest blaze in three decades.

09.01 / 21:43

markets Federal Reserve Interest rates Bitcoin Bitcoin crash ahead? Expert warns higher inflation could whip BTC price to $30K

Bitcoin (BTC) may end up falling to as low as $30,000 if the U.S. inflation data to be released on Wednesday comes any higher than forecasted, warns Alex Krüger, founder of Aike Capital, a New York-based asset management firm.

08.01 / 16:37

Waves ETF Landmark BlackRock NOT An audience with BlackRock’s Salim Ramji: ‘Investors love ETFs, not crypto or meme stocks’

Salim Ramji's first trip from New York to London since the start of the Covid pandemic coincided with a landmark moment for the global exchange traded funds industry, a sector in which BlackRock comfortably sits at the top.

07.01 / 19:51

Hollywood Actor News Actor Sidney Poitier, the first black Oscar winner, dies aged 94

Sidney Poitier, the groundbreaking actor and enduring inspiration who transformed how Black people were portrayed on screen, became the first Black actor to win an Academy Award for best lead performance and the first to be a top box-office draw, has died. He was 94.

07.01 / 19:31

News Hollywood's first black star Sidney Poitier dies aged 94, say senior Bahamas officials

Sidney Poitier, the legendary actor and Hollywood's first black star, has died at the age of 94, say senior officials in the Bahamas, where the actor grew up.

07.01 / 18:49

CEO Capstone hedge fund CEO warns of ‘wickedly dangerous’ volatility risk as raging bull market tops 600%

A raging bull market that has lasted more than a decade has blindsided some long-term investors to volatility risks in their portfolios, according to one hedge fund boss.

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