News of New York

Ex-FTX Exec Caroline Ellison Seeks Leniency Before Sentencing in Fraud Case
23 September 2024
2894
Ellison Seeks No Prison Former FTX executive Caroline Ellison, embroiled in one of the largest financial fraud cases in history, argues she deserves no prison time for her role. Federal prosecut...
Yen Retraces Gains, Dollar Rebounds Ahead of US CPI Data
12 September 2023
3907
Currency Rollercoaster The Japanese yen dipped significantly after comments by BOJ Governor Kazuo Ueda hinted at a shift from the bank's negative interest rate policy. Meanwhile, the US dollar reboun...
USD Coin's 36-Hour Struggle to Maintain Peg Leaves Circle's Reputation in Tatters
14 March 2023
10087
Weekend raises risk of regulatory scrutiny Circle’s USD Coin, the world's second-largest stablecoin, took around 36 hours to fix its peg to the dollar after a liquidity crisis. While the token has been r...
US stocks slide sharply in early trading
5 July 2022
4130
Stock market on Tuesday US stock indices are falling in trading on Tuesday due to concerns about inflation and recession in the US. The Dow Jones Industrial Average was down 1.97 per cent to 30485.49 points by 10:57 a.m. The Standard Poor's 500 ha...
Coinbase shares fall
10 November 2021
3876
Coinbase's earnings and revenue The financial report from cryptocurrency exchange Coinbase (COIN) disappointed investors as Q3 2021 revenues and profits were below analysts' forecasts due to low volatility and...
Volt Crypto Industry Revolution and Tech ETF receives approval from SEC
15 October 2021
4343
Approval from the SEC Although dozens of companies, such as VanEck and Fidelity, have applied to the Securities and Exchange Commission to create the first bitcoin ETF, none have yet received approval. Instead, the SEC...
Shares of crypto exchange Coinbase fell 3%
10 September 2021
5628
Threaten to sue Coinbase stated the SEC's information of intent to request it in connection with the planned launch of a product that would allow stabelcoins owners to make money. Coinbase (COIN), the world's only cryptocur...
Trading stocks on PayPal can become source Income
2 September 2021
4118
Income from share trading PayPal is preparing to launch an equity trading platform, a continuation of its efforts to diversify and expand its business. PayPal already has a cryptocurrency trading option and is aiming to become a 'super app' for fina...
AMC will accept bitcoins in cinemas
10 August 2021
3701
Cryptocurrency in cinemas AMC Entertainment (NYSE:AMC) is set to start accepting bitcoins in cinemas to appeal to an army of Reddit investors who have backed the company's stock price, The Wall Street Journal reports. CEO Adam A...
News from Robinhood ahead of IPO
27 July 2021
3604
On the eve of an IPO Robinhood, whose investment app allows you to trade stocks and cryptocurrencies, held an unconventional public roadshow, inviting all potential investors. Robinhood's initial public offering, or IPO, wi...
Tesla will resume sales for bitcoins when the currency goes green
14 June 2021
3721
Tesla electric cars for bitcoins U.S. electric carmaker Tesla will once again begin accepting bitcoins as payment for its products when the receipt of this type of cryptocurrency becomes more environmentally friendly. This was announced by Tesla CEO...
Investors ready to give MicroStrategy $1.6 billion to buy bitcoins
9 June 2021
3621
Buying bitcoins Analyst software maker MicroStrategy has raised its plan to raise $100m to $500m in light of the high oversubscription of its latest bond offering, Bloomberg reports. The company intends to use the funding to buy bitcoin. According ...
Bitcoin investors lost more than $80m in six months to fraudsters
8 June 2021
3629
Cryptocurrency markets Fraud is thriving in cryptocurrency markets as bitcoin's rapid growth, lack of regulation and the anonymity of digital assets have created a breeding ground for cybercriminals. According...
NVIDIA reported record quarter and strong sales of cryptocurrency chips
27 May 2021
4570
A record quarter for NVIDIA NVIDIA's report beat Wall Street estimates, with earnings doubling and revenues rising 84%. Despite this and the company's strong outlook, NVIDIA shares have fallen as investors assess whether to expect much from its cryp...
State of Nvidia ahead of quarterly report and split
24 May 2021
4658
NVIDIA to date NVIDIA shares rose last week on strong valuations from analysts and the announcement of a 4-to-1 stock split. This Wednesday, Nvidia reports firt quarter earnings profits are expected to be record highs. NVIDIA (NVDA) is&nb...
Coinbase reported record profits in first report as public company
14 May 2021
4885
The company's first report Coinbase shares rose after the company reported strong quarterly results amid rising bitcoin and other cryptocurrency prices. Coinbase said it will add Dogecoin to its platform within six to eight weeks. Coinbas...
Tesla stops selling its cars for bitcoins
14 May 2021
4657
Tesla and cryptocurrency Tesla CEO Elon Musk has announced that the company will no longer accept bitcoin to pay for the purchase of its electric vehicles because mining the cryptocurrency requires huge amounts of electricity generated from fossil f...
PayPal wants to become a "super app"
11 May 2021
6613
PayPal is "super app" PayPal is preparing to introduce a number of new features in the third quarter as its management sees the company's future in the concept of a "super-app" with capabilities that go far beyond the payment function alone. PayPal...
Sotheby’s auction introduces cryptocurrency payment for the first time
5 May 2021
4738
Buying in cryptocurrency British artist Banksy's Love is in the Air will be sold at a Sotheby's auction in New York. According to the auction house's website on Tuesday, the artwork will be available for purch...
Digital Currency Group has increased its planned GBTC purchases to $750m
3 May 2021
4624
Planned GBTC buyout Digital Currency Group (DCG) has announced its intention to acquire shares in Grayscale Bitcoin Trust (GBTC) for up to $750m. The reported figure is three times the amount&n...
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