New York Financial News

16.12 / 02:47

business Charity Donations Net Worth The Giving Block launches crypto donation service for high-net worth individuals

The Giving Block, an online platform which allows nonprofit organizations and charities to accept digital asset donations, has launched a service tailored to donors wishing to send large amounts of crypto.

15.12 / 21:16

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.

15.12 / 16:31

Digital NYDIG Bitcoin Bitcoin firm NYDIG raises $1bn in blockbuster funding round

New York-based bitcoin firm NYDIG said on 14 December that it had raised $1bn at a valuation of more than $7bn, the latest in a series of blockbuster funding rounds this year by cryptocurrency startups.

15.12 / 11:10

COST JPMorgan work from home JPMorgan orders unvaccinated staff to work from home

JPMorgan told unvaccinated employees in New York that they must work from home starting Tuesday.

15.12 / 07:42

cryptocurrency Tether Tether in hot soup again, faces second class-action lawsuit this year

Stablecoin issuer Tether has yet again found itself locked in a legal tangle with accusations of falsely representing its stablecoin backing.

14.12 / 19:21

business Blockchain Adoption Bitcoin valuation NYDIG raises $1B in funding, valuation now $7B

On Tuesday, New York Digital Investment Group, or NYDIG, a financial institution specializing in Bitcoin financial services such as savings accounts, trading brokerages, 401(k)s, etc., announced it had secured a $1 billion equity investment led by WestCap. The funding places its valuation at nearly $7 billion.

14.12 / 10:25

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.

13.12 / 21:27

Harley-Davidson GameStop Halliburton SVB Financial Stocks making the biggest moves midday: Harley-Davidson, GameStop, SVB Financial, Coca-Cola and more

In this article

13.12 / 16:39

UPS Apple Harley-Davidson Pfizer Pharmaceuticals Stocks making the biggest moves in the premarket: Harley-Davidson, Arena Pharmaceuticals, Peloton and more

Take a look at some of the biggest movers in the premarket:

13.12 / 09:11

cryptocurrency Bitcoin Bitcoin Price Drop Weekly Bitcoin on pace for fourth consecutive weekly drop from record

Bitcoin remains on pace for its fourth consecutive weekly decline after a brief bounce triggered by a report showing U.S. inflation accelerated failed to unwind the negative sentiment that has recently gripped digital-asset markets.

10.12 / 11:47

IPO NASDAQ Fallout Didi is delisting in New York. Here's what happens if you own a delisted stock

BEIJING — For Americans looking to play the China growth story, Didi's delisting from the U.S. shows the rising political risk of investing in U.S.-listed Chinese stocks.

10.12 / 08:55

crypto assets Allowing cryptocurrency may erode central bank's control over money supply: Former RBI Guv

Duvvuri Subbarao has said the central bank could lose control over money supply and inflation management if cryptocurrency is allowed in the country. Speaking at a webinar organised by the National Stock Exchange (NSE) and New York University (NYU) Stern School of Business, Rao also said India's case for issuing a central bank digital currency (CBDC) may not be strong as there are capital controls.

10.12 / 01:19

business ETF SEC Bitcoin WisdomTree amends Bitcoin ETF application, naming US Bank as custodian

New York-based asset manager WisdomTree has amended its filing for a Bitcoin exchange-traded fund with the Securities and Exchange Commission to name U.S. Bank as its custodian.

09.12 / 14:58

FIVE Williams Centre New York Fed opens innovation centre

It will focus on five areas: supervisory and regulatory technology; financial markets infrastructures; future of money; open finance; and climate risk.The centre is being helmed by Per von Zelowitz, a fintech veteran who joined the New York Fed in July to lead the effort.

09.12 / 11:21

cryptocurrency Money Bitcoin Allowing cryptocurrency may erode central bank's control over money supply: Former RBI Guv Duvvuri Subbarao

Former Reserve Bank of India Governor Duvvuri Subbarao has said the central bank could lose control over money supply and inflation management if cryptocurrency is allowed in the country.

07.12 / 15:09

CryptoExplainer New York Stock Exchange Bitcoin BITO - First US Bitcoin Futures ETF Trading On NYSE: Key Things To Know

The incredible rise of cryptocurrency, especially the interest in Bitcoin, is captivating. The cryptocurrency market has grown by leaps and bounds when most other investment destinations struggled.

07.12 / 10:59

Hallmark Cravath, Swaine & Moore to change pay structure

New York law firm Cravath, Swaine & Moore is moving away from its seniority-based compensation system, upending a hallmark of the firm’s culture that has made it a rarity in the cutthroat world of modern-day law firms.

07.12 / 09:29

Adoption Banks South America Gemini partners with Colombia's biggest bank for crypto trading

New York-based crypto exchange Gemini has announced that it will be expanding into Latin America through an upcoming partnership with Colombia’s largest bank, Bancolombia.

07.12 / 08:19

Bitcoin news Bitcoin Bitcoin Price Power A Bitcoin boom fueled by cheap power, empty plants and few rules

bitcoin mining operation is opening northeast of Niagara Falls this month on the site of the last working coal plant in the state of New York. Across the state, a former aluminum plant in Massena, already one of the biggest cryptocurrency sites in the United States, is expanding. And in Owego, a metal-recycling mogul with 11.3 million Instagram followers is making a gritty startup with banks of computers in shipping containers next to a scrapyard.

07.12 / 02:41

BTC ETF CEO Bitcoin Bitcoin futures ETF has under-performed spot prices since 2018, is it still viable?

A new type of exchange-traded fund sprang into the public markets with the arrival of ETFs tied to Bitcoin futures. These ETFs invest in contracts used to speculate on future BTC prices. They can be purchased and sold like a stock and don’t require buyers to hold an account at a cryptocurrency exchange or to have a crypto wallet. The SEC chairman, Gary Gensler struck a similar tone, igniting a rush in tailor-made ETF filings.

06.12 / 04:11

stock market Currency financial markets Bitcoin Bitcoin’s correlation with stocks grows as risk appetite drops

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