New York Financial News

07.01 / 17:53

Blockchain Digital New York regulator appoints virtual currencies chief

He joins after more than six years at IBM-owned Promontary Financial Group, where he most recently led the digital assets practice.NYSDFS posted an advert for the job last summer, saying the position would have a special focus on virtual currencies, digital currencies, blockchain, distributed ledger technology, and other related products and technologies.Says Marton: "Crypto supervision should be a marathon not a sprint, and I look forward to continue this effort in earnest."

07.01 / 14:39

business Blockchain Adoption Samsung Samsung launches metaverse store in Decentraland

Samsung is the latest megacorporation to announce a metaventure project, opting for Decentraland for its metaverse project.

06.01 / 20:17

Adoption NFT Samsung retail Samsung Opens ‘Limited Time’ Store in Decentraland, Lures Metaverse Visitors With Rewards

The electronics behemoth Samsung has taken its second major step into the world of the metaverse and non-fungible tokens (NFTs) in the space of a week, unveiling a new temporary store in the virtual world of Decentraland (MANA).

06.01 / 19:57

regulation Bitcoin NYC mayor getting paid in Bitcoin suggests buying the dip

Newly sworn-in New York City Mayor Eric Adams is already using his influence to speak publicly about buying the recent Bitcoin dip.

06.01 / 19:19

NASDAQ Federal Reserve Interest rates Bitcoin dividend BTCS stock jumps 44% after announcing first-ever dividend payable in Bitcoin

On Wednesday, Nasdaq Composite logged its biggest daily loss since February last year. But for one of its listed companies, the day turned out to be extremely bullish.

06.01 / 10:59

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.

04.01 / 21:15

Court President Lawyers Prince Andrew's lawyers ask New York court to throw out sex abuse claims

Lawyers for the UK's Prince Andrew have asked a US court to throw out sexual assault accusations made by a woman who claims she was trafficked to the British royal by disgraced financier Jeffrey Epstein.

04.01 / 06:37

CFTC regulation Futures Derivatives Crypto Predictions Polymarket Crypto predictions platform Polymarket fined $1.4M by CTFC

New York-based crypto predictions platform Polymarket has reached a settlement with the Commodity Futures Trading Commission (CFTC) to pay a fine of $1.4 million.

31.12 / 19:55

Gemini compliance Gemini compliance chief on jumping from Goldman to crypto, hiring plans and regulation

Opaque regulations remain a top challenge for the cryptocurrency industry, according to Elena Hughes, chief compliance officer of cryptocurrency exchange Gemini Trust.

31.12 / 04:29

NFT Cybersecurity security Decentralization OpenSea freezes $2.2M of stolen Bored Apes

NFT marketplace OpenSea has frozen 16 Bored Ape and Mutant Ape nonfungible tokens (NFT) after they were reportedly stolen yesterday from a New York art gallery operator.

30.12 / 14:51

Gemini compliance Gemini compliance chief on jumping from Goldman to crypto, hiring plans and regulation

Opaque regulations remain a top challenge for the cryptocurrency industry, according to Elena Hughes, chief compliance officer of cryptocurrency exchange Gemini Trust Co.

30.12 / 12:47

FIVE Ghislaine Maxwell found guilty of helping Jeffrey Epstein abuse

British socialite Ghislaine Maxwell was found guilty on five of six criminal counts in her sex-trafficking case, capping federal prosecutors’ push to bring the longtime confidante of disgraced financier Jeffrey Epstein to justice.

30.12 / 11:43

Entertainment Metaverse Real Estate property Drop Decentraland Gets Its Own Times Square and New Year's Eve Ball Drop

Jamestown, the owner of the Times Square building in New York, partnered with Digital Currency Group (DCG) to recreate this famous place in the Big Apple in the virtual world of Decentraland (MANA) for the New Year’s Eve ball drop.

25.12 / 19:03

Citi Strategy Citigroup Citi continues withdrawal from consumer banking as Philippines unit sold

Citigroup agreed to sell its consumer-banking business in the Philippines to a local lender, pressing ahead with its strategy to exit most of its retail operations in Asia and switch gears to grow in wealth management.

23.12 / 12:32

Citi Strategy Citigroup Citi continues withdrawal from consumer banking as Philippines unit sold

20.12 / 16:21

NFT Non-fungible tokens Investment Breaking All Records: VC Funds Injected USD 30B In Crypto This Year

Venture capital (VC) funds invested some USD 30bn into crypto this year, exceeding almost fourfold the amount recorded in the previous record year of 2018, and injecting more funds into the industry than in all the previous years combined, according to data from financial data and software company PitchBook.

18.12 / 02:01

Returns Anchorage Capital returns $7.4bn to clients as it shutters flagship hedge fund

Anchorage Capital Group, one of the biggest hedge-fund investors in distressed debt, is closing its flagship fund after 18 years and returning the $7.4bn it manages to clients, citing a market environment in which cheap money has helped keep stock and bond prices elevated while suppressing corporate defaults.

17.12 / 22:57

UPS Citi Waves Unemployment Lost Lost work due to omicron? What to know about unemployment benefits

Covid cases are spiking in some parts of the U.S., and the highly contagious omicron variant is expected to fuel another virus wave headed into winter.

17.12 / 18:21

UPS Williams Fed’s Williams Doesn’t See Benefit of Further Speeding Up Bond-Buying Taper

Federal Reserve Bank of New York President John Williams said Friday that the central bank was unlikely to further accelerate the draw down of its bond-buying stimulus, while refraining from commenting on when the Fed may start boosting its short-term rate target.

17.12 / 17:39

UPS Williams Raising rates would be a positive event for the U.S. economy, New York Fed's Williams says

The Federal Reserve raising interest rates next year would signal the central bank feels good about the country's economic recovery, New York Fed President John Williams said Friday.

17.12 / 16:17

UPS IPO TPG readies for IPO in New York

Private equity giant TPG has filed plans to go public in New York.