State New York Financial News

20.02 / 22:45

markets Stablecoin Binance Asia Federal Reserve Interest rates Bitcoin Support regulatory Bitcoin bulls ignore the recent regulatory FUD by aiming to flip $25K to support

It might seem like forever and a day ago when the Bitcoin (BTC) price was trading below $18,000, but in reality, it was 40 days ago. Generally, cryptocurrency traders tend to have a short-term memory and, more importantly, they attribute less importance to negative news during bull runs. A great example of this behavior is BTC’s 15% gain since Feb. 13, despite a steady flow of bad news in the crypto market.

17.02 / 00:37

Tesla Tesla Workers Say Dozens Were Fired in Retaliation for Union Drive

Tesla Inc. workers at a Buffalo, N.Y., factory said the company terminated more than 30 employees this week after they announced their intention to form what would be the company’s first U.S. union.

15.02 / 21:03

Metro Best crypto to buy today GRT FGHT CCHG MEMAG Terra Luna FET Best Crypto to Buy Today 15 February – MEMAG, IMX, FGHT, GRT, CCHG, FET, METRO

Following a period of decline, Bitcoin's recent ascent above $22,000 has instilled new confidence in the cryptocurrency market, with its market capitalization once again reaching $1 trillion. With a potential market rebound, at least for some coins, what are the best cryptos to buy today?

14.02 / 20:31

markets Binance SEC Kraken Asia Bitcoin Bitcoin price clings to $22K as investors digest the recent SEC actions and CPI report

After twenty days of holding the $22,500 support, Bitcoin (BTC) price finally broke down on Feb. 9. Bullish traders had placed their hope on a sustained rally, but this has been replaced by a tight trading range with resistance at $22,000.

14.02 / 20:07

Metro Best crypto to buy today Curve Finance APT Aptos Best Crypto to Buy Today MEMAG, CRV, FGHT, APT, CCHG, GMX, METRO

The US regulatory crackdown on the cryptocurrency industry has caused a stir, as recent actions by US authorities have made the market uneasy. Despite this, the crypto market has remained relatively stable today, even in the face of CPI data showing inflation is still sticky. What are some of the best cryptos to buy today given the current climate?

14.02 / 14:57

Stablecoin Binance MARKET BNB USDC Paxos Binance's Stablecoin Under Fire: Rival Circle Sounds the Alarm to NY Regulators

Circle, the US-based payments company that issues the stablecoin USD coin (USDC), alleged that major crypto exchange Binance did not fully back some of its own stablecoin proxies - and on Monday, blockchain infrastructure platform Paxos was ordered to cut its connection with Binance in regard to the Binance USD (BUSD) stablecoin.

14.02 / 01:25

regulation Circle Paxos NYDFS Binance USD reserves Circle blew the whistle on Binance reserves to NYDFS: Report

New York State’s Department of Financial Services, or NYDFS, reportedly received a complaint from stablecoin issuer Circle regarding Binance’s reserves prior to its crackdown on BUSD.

13.02 / 20:13

Digital Platform Southern crypto deposits Customers Judge Rules Celsius Networks Owns Customers' Crypto Deposits

A federal bankruptcy judge ruled that Celsius Network owns most of the cryptocurrency that customers deposit on its online platform, meaning that Celsius customers will be the last to receive repayment from the crypto lender.

13.02 / 20:12

Binance SEC Paxos BUSD SEC Threatens Lawsuit Against Binance BUSD Stablecoin-Issuer Paxos – What’s Going On?

The Securities and Exchange Commission (SEC) has said it intends to sue Paxos Trust Company, a regulated New York-based firm that issues several popular stablecoins.

13.02 / 19:56

UPS Platform coinbase Gemini Kraken Huobi Crypto Winter Gets Icier Just Days Into New Year

Less than a week into the New Year, the cryptocurrency winter is turning icier as job cuts mount, regulators turn up the heat and firms warn of losses--and there's little sign the tumult will ebb anytime soon.

13.02 / 19:22

Binance CEO coinbase Coindesk Fine Coinbase to Pay $50 Million Fine to New York Regulators

Coinbase Global Inc., a U.S. cryptocurrency exchange, settled with New York state regulators for $100 million after an investigation into the exchange's compliance with requirements to prevent money laundering.

13.02 / 18:26

Blockchain Ethereum Twitter Binance Action Kraken Bitcoin Paxos ordered to cease minting Binance stablecoin by New York regulator

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13.02 / 18:23

UPS PayPal PayPal hits snooze on stablecoin

However, it has now put the project on hold, according to Bloomberg.

02.02 / 21:49

markets Ethereum Ether price Gemini Ethereum (ETH) price is aiming for $1,800 in February — Here is why

Ether (ETH) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in investor sentiment in ETH derivatives provides hope that Ether price could reach $1,800 or higher by the end of February. This, of course, depends on how the Ether price behaves as it reaches the pattern deadline by mid-February.

30.01 / 23:15

regulation Senate Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their names on the crypto hot list among the likes of United States Senators Cynthia Lummis and Pat Toomey. State Senator Wendy Rogers, 68, introduced two bold bills in the Arizona legislature. One focuses on making BTC legal tender in the U.S. state. If passed into law, BTC will have the same status as the U.S. dollar, becoming an accepted medium of exchange for debt payment, public charges, taxes and dues in the state. The bill is not Rogers’ first attempt at making BTC legal tender, with a similar bill defeated in 2022.

30.01 / 23:03

regulation Gemini lending NYDFS Financial New York financial regulator investigates Gemini over FDIC claims: Report

New York State’s Department of Financial Services is reportedly investigating cryptocurrency exchange Gemini over claims the firm made in regards to assets under its Earn lending program.

29.01 / 16:13

Adoption New York State Takes a Step Toward Cryptocurrency Adoption with New Bill

The state of New York has announced a new bill that would allow agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state.

28.01 / 09:43

UPS Ethereum ETH BTC Lowe's CoinMarketCap Bitcoin Weekend Bitcoin Prices and Ethereum Prediction; Could The Weekend See BTC & ETH Breakout?

Bitcoin and Ethereum prices have been steady despite experiencing significant volatility in the past few weeks. Bitcoin is maintaining a narrow range between $22,350 and $23,350, while Ethereum is trading choppily within a tight range of $1,550 to $1,630.

27.01 / 22:45

Ethereum Payments regulation Altcoin Bitcoin Regulation legislation Bitcoin New York Assembly introduces crypto payments bill for fines, taxes

A bill introduced to the New York State Assembly on Jan. 26 would allow state agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state.

25.01 / 12:03

business Law regulation Bitcoin Cash Genesis sues Roger Ver for $20M over unsettled crypto options trades

Bitcoin Cash (BCH) advocate Roger Ver has sued by a unit of crypto lending firm Genesis over unsettled crypto options amounting to $20.8 million.

23.01 / 20:31

regulation Bankruptcy NYDFS NOT NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

The New York Department of Financial Services, or NYDFS, has released guidelines on how licensed crypto firms should handle customer assets should they face “insolvency or similar proceeding”.

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