State New Jersey Financial News

13.03 / 22:43

business Blockchain Investments Banks banking FinTech Bankruptcy BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report

According to a lawyer representing the bankrupt crypto lender BlockFi Inc.,the company is in a stable financial position with access to ample cash reserves, despite having over $200 million in exposure to Silicon Valley Bank, Bloomberg reported.

13.03 / 16:27

BNI SVB reserves Circle Reserves worth $3.3B at SVB to be ‘fully available’ soon

Popular stablecoin issuer Circle has announced that the $3.3 billion in USD Coin (USDC) reserve deposits held with Silicon Valley Bank will be fully recovered when banks reopen in the United States on Monday.

02.03 / 08:53

business regulation SEC Gemini Fraud Court Bankruptcy BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor

An investor with nearly $2 million worth of funds frozen in bankrupt cryptocurrency lender BlockFi has filed a class action complaint against its founders, two directors and crypto exchange Gemini.

01.03 / 11:47

States Propose Billions in Tax Relief Despite Economic Uncertainty

Tax-relief measures on the table in more than a dozen states vary widely but the trend cuts across political divides: Governors and state lawmakers are using surpluses to give residents a break, despite concerns about a possible recession.

28.02 / 17:21

New Jersey Is Latest State to Push Tax Relief Despite Economic Uncertainty

New Jersey Gov. Phil Murphy on Tuesday will propose another $2 billion in property-tax rebate checks as part of a $53 billion state budget, a state treasury official said, making it the latest state to push ahead with tax-relief proposals despite recession concerns.

13.02 / 19:13

UPS court approval BlockFi Wins Bankruptcy Court Approval to Auction Mining Assets

BlockFi, the crypto lender that declared bankruptcy after the failure of FTX, won approval from a New Jersey bankruptcy court to start auctioning its cryptocurrency mining assets--and says it has suitors seeking to buy all or part of the company.

13.02 / 19:06

UPS CEO Platform Fallout Gemini BlockFi Declares Bankruptcy As FTX Fallout Spreads

Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection on Monday along with eight affiliates as contagion from the collapse of cryptocurrency exchange FTX spreads across the industry.

08.02 / 18:51

Government Law Adoption regulation Drugs us government Congress Crypto and psychedelics: Clarifying regulations could help industries grow

This year, investors are watching for big spikes in biotech companies working with psychedelics, especially as the once-controversial compounds return to the spotlight touting mental health benefits — and uniting lawmakers at the United States Capitol across party lines.

05.02 / 04:31

business regulation Scams Fraud us government Press Release New Jersey enforces cease and desist orders against three ‘pig butcher’ scammers

The New Jersey Bureau of Securities has ordered three website operators to stop luring romance-seeking victims into their fraudulent cryptocurrency investment schemes.

31.01 / 09:21

business Mining Court Bankruptcy Bitcoin BlockFi gets court nod to sell crypto mining assets

Bankrupt crypto lender BlockFi has been granted court approval to sell off its crypto mining equipment as part of ongoing efforts to repay its creditors.

23.01 / 23:51

Law regulation lending Court Bankruptcy BlockFi exec argues bankruptcy court should approve bonuses to retain talent

Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a court to allow bonuses for “key employees” amid Chapter 11 bankruptcy proceedings.

20.12 / 11:47

business Blockchain Court Bitcoin BlockFi files motion to return frozen crypto to wallet users

Bankrupt crypto lending platform BlockFi has filed a motion requesting authority from a United States bankruptcy court to allow its users to withdraw digital assets currently locked up in BlockFi wallets.

11.12 / 17:33

Blockchain BTC Digital Bitcoin Bitcoin Price Prediction as $15 Billion Trading Volume Shoots BTC Above $17,000 – New Rally Starting?

On December 11, the Bitcoin price prediction remains mixed as BTC consolidates in a narrow range of $17,000 to 17,350 despite trading volume shooting to $15 billion. New Jersey has set a goal of becoming the most crypto-friendly state in the United States.

08.12 / 22:45

business Investments transactions BlockFi employees were discouraged from describing risks in internal communications: Report

Following BlockFi’s Chapter 11 bankruptcy filing at the United States Bankruptcy Court for the District of New Jersey, reports have surfaced about the crypto lending company’s risk assessment and management culture.

29.11 / 17:51

BTC/USD Bitcoin Price Prediction Dash 2 Trade Calvaria Bitcoin Price Prediction as BTC Bounces From $16,000 – Can it Go Lower?

On November 29, the Bitcoin price prediction remained bearish under the $16,650 resistance level as the "Risk-off" sentiment continued to dominate the global financial markets. BlockFi is the latest victim of the FTX collapse, and it's a lender in the troubled cryptocurrency space that has filed for bankruptcy.

29.11 / 09:25

BTC/USD ETH/USD Bitcoin Price Prediction Ethereum Price Prediction Bitcoin Price and Ethereum Regain Upward Momentum; BlockFi Files for Bankruptcy

Despite the market's ongoing fear, the leading cryptocurrency, Bitcoin, is rebounding above the psychological level of $16,000 on November 29. Similarly, Ethereum, the second-most valuable cryptocurrency, is rising after gaining support near the $1,150 level.

29.11 / 04:09

business Law Court shares Fried BlockFi sues FTX's Bankman-Fried over shares in Robinhood

Newly-bankrupt crypto lending platform BlockFi has filed a lawsuit against Sam Bankman-Fried’s holding company Emergent Fidelity Technologies seeking his shares in Robinhood that were pledged as collateral earlier in November.

28.11 / 19:01

business Blockchain defi Bankruptcy BlockFi files for bankruptcy, as many expected, cites FTX collapse for its troubles

BlockFi announced on Nov. 28 that it has filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidiaries. The move comes after several days of speculation on the company’s financial health after the collapse of FTX.

21.11 / 07:13

business Blockchain regulation Bankruptcy accounting Celsius had 'insufficient' accounting and operational controls, says examiner

The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operational controls in its handling of customer funds.

15.11 / 23:47

Government Insurance Backed Agency FDIC acting chair says no crypto firms or tokens are backed by agency

Federal Deposit Insurance Corporation acting chair Martin Gruenberg said the agency does not back any crypto firms in the United States, nor does its insurance cover losses from tokens.

27.10 / 19:29

LUNC Terra Luna Terra Luna Classic Price Prediction – Is LUNC a Good Investment Now?

Terra’s Luna Classic (LUNC) has recently seen a price increase that took it from the lowest point this month, at $0.0002282 to $0.0002513. While a fairly low increase, it is still notable, as it suggests that the project might be recovering, especially after recent news involving a 4-year plan to bring back value to the token.

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