State New Jersey Financial News
06.04 / 22:43
UPS
Platform
Strategy
Financial
'It's a lifelong experience.' Governors say financial education should extend beyond school years
Pursuing financial literacy is something that should continue beyond traditional school years, according to several state governors.
30.03 / 07:13
regulation
SEC
lending
Voyager ordered by New Jersey to 'cease and desist’
The New Jersey Bureau of Securities has issued a cease and desist order against Voyager Digital for selling unregistered securities through its Voyager Earn program.
19.03 / 10:17
business
Blockchain
data
email
BlockFi confirms unauthorized access to client data hosted on Hubspot
New Jersey-based crypto financial institution BlockFi confirmed a data breach incident via one of its third-party vendors, Hubspot. BlockFi’s proactive warning about the breach aims to deter the intentions of bad actors in repurposing the user data for fraudulent activities.
03.03 / 05:17
regulation
SEC
Fraud
investigation
reports
SEC investigating NFT market over potential securities violations: Reports
The U.S. Securities and Exchange Commission (SEC), led by crypto-skeptical Chairman Gary Gensler, is reportedly investigating NFT creators and marketplaces for securities violations, according to a report from Bloomberg.
28.02 / 19:19
Law
SEC
security
Crypto firms may still face SEC penalties for self-reporting securities laws violations: Report
The U.S. Securities and Exchange Commission’s enforcement director has reportedly said cryptocurrency companies will not receive amnesty for reporting themselves for possible violations of securities laws.
21.02 / 16:25
Investments
SEC
settlement
Speculation
Happy to be regulated? Fallout from BlockFi settlement is a matter of speculation
It might seem unlikely that BlockFi founder and CEO Zac Prince would describe a prosecution that resulted in a $100-million fine for his company as “a win not only for BlockFi but for the broader cryptocurrency industry,” but that is indeed what he said. And, he might be right, although it remains to be seen for now.
16.02 / 13:15
Adoption
regulation
us government
Federal Reserve
Fed never did it: US Senate Banking head lashes out at Super Bowl crypto ads
The Super Bowl advertisements by crypto companies including Coinbase, FTX, and several others ruled the social media and news headlines for their out-of-the-box approach. However, The United States Senate Banking Committee chief Sherrod Brown was not impressed and blasted the ad-makers for not including appropriate warnings and risks involved.
15.02 / 19:09
Government
Law
Stablecoin
lawmaker
Backed
US lawmaker introduces bill for government-backed insurance of 'qualified' stablecoins
House Financial Services Committee member and New Jersey Representative Josh Gottheimer has introduced legislation which would have the Federal Deposit Insurance Corporation back stablecoins in a similar manner to fiat deposits.
14.02 / 21:15
Government
SEC
us government
penalty
SEC hits BlockFi with a $100 million penalty, gives 60 days to comply with a 1940 law
On Feb. 14, the Securities and Exchange Commission, or SEC, announced actions against crypto lending company BlockFi over its failure to register high-yield interest accounts that the agency deems to be securities.
08.02 / 20:23
COST
Provident
Platform
coinbase
transaction costs
Costs
This start-up calls out Coinbase’s ‘unsustainable’ transaction costs, promises change
Different institutions across the globe have expressed interest in joining the crypto-train. On 7 February, DriveWealth, the SoftBank-backed start-up entered the cryptocurrency industry by launching two subsidiaries. However, with the rise in institutions offering crypto services, this doesn’t come as a total surprise. But, here’s how this could prove to be an important development.
08.02 / 09:25
business
Trading
coinbase
Backed
Softbank backed startup to offer retail crypto trading
Stock brokerage firm DriveWealth has entered the cryptocurrency industry by launching two subsidiaries designed to allow its partners to offer crypto trading to retail investors.
07.02 / 16:24
27.01 / 14:07
business
SEC
Gemini
Interest rates
SEC reportedly probing crypto lending products by Gemini and Celsius
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.
24.12 / 10:32
Dreams
PE boss’s win in Virginia stokes political dreams on Wall Street
The head of the world’s largest hedge fund is eyeing one of Pennsylvania’s Senate seats. Private-equity executives are weighing congressional runs in New Jersey and Wyoming. Over a recent dinner with Nikki Haley, a Texas investor gamed out a political future that could include a run for senator.
23.12 / 13:07
Dreams
PE boss’s win in Virginia stokes political dreams on Wall Street
The head of the world’s largest hedge fund is eyeing one of Pennsylvania’s Senate seats. Private-equity executives are weighing congressional runs in New Jersey and Wyoming. Over a recent dinner with Nikki Haley, a Texas investor gamed out a political future that could include a run for senator.
13.12 / 14:27
SEC
Stocks market
COP
SEC Lures Top Enforcer Who Says Tougher Punishment Is Coming
WASHINGTON—The Securities and Exchange Commission often picks its top cop from the ranks of Wall Street’s best defense lawyers. Its newest one hadn’t worked on a securities case in almost six years until he took on the job in July.
10.12 / 18:23
business
Blockchain
Ethereum
Gaming
play
Virtue Gaming launches play-to-earn crypto model to bring online poker to US players
On Friday, Virtue Gaming, a decentralized online poker platform built on the Ethereum (ETH) blockchain, launched the first play-to-earn digital poker casino in the United States.
29.10 / 18:15
Adoption
regulation
lending
Crypto lending firms on the hot seat: New regulations are coming?
A number of states in the United States, including Kentucky, Texas, Alabama, Vermont, New Jersey and, most recently, New York have been cracking down on crypto lending. Depending on one’s perspective, these can amount to acts of collective desperation or a foretoken of things to come.
29.10 / 16:31
UPS
tax cuts
Democrats Consider Tax Cuts for Many High Earners in New York, New Jersey and California
WASHINGTON—High-income coastal professionals look likely to emerge as significant winners from the Democrats’ proposed tax agenda, escaping rate increases and regaining a deduction for state and local taxes that was capped at $10,000 in 2017.
27.10 / 21:51
COST
Progressive
Deal
Manchin Calls Billionaires’ Tax ‘Convoluted’ as Democrats Seek Deal
WASHINGTON—Democrats struggled Wednesday to piece together even the outline of an agreement on their social-policy and climate bill, as White House officials traveled to Capitol Hill to meet with centrists who have objected to elements of the plan.
what's happening in state New Jersey
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