News of New York

Tesla reported record profits
27 April 2021
4490
Tesla earnings Tesla shares fell 2.5 per cent after the world's most expensive car company released its quarterly results. Despite Tesla's record profit growth, sceptics saw many risks for the company in 2021. Tesla (TSLA) shares reacted with a dec...
Coinbase's share price is valued at $250 ahead of a direct listing on Nasdaq
14 April 2021
5199
Coinbase's shares Cryptocurrency exchange Coinbase's market entry today triggered another jump in cryptocurrencies, with bitcoin rising 5% to $63.22k Analysts have differing opinions, with valuations ranging from $60bn to more than $100bn. Coinbase...
Coinbase reported huge revenue growth ahead of direct listing
7 April 2021
3859
Coinbase earnings Cryptocurrency exchange Coinbase reported Q1 2021 revenues that were higher than the company's full-year 2020 earnings. Net income rose to $730m. Cryptocurrency company Coinbase on Tuesday announced its un...
Visa launches cryptocurrency payment option Stablecoin USD Coin
30 March 2021
4235
Payment in cryptocurrency Visa has announced that it will allow USD Cion, a cryptocurrency backed by a dollar, to be used for payments on its payment network. Visa has partnered with Crypto.com, a cryptocurrency transaction platform. The world's la...
SEC commissioner calls for clear regulation of cryptocurrencies
15 February 2021
3796
Cryptocurrency regulation The adoption of bitcoin by big companies requires clear regulations to be implemented as soon as possible, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce told Reuters in an interview. In her view, a...
Deutsche Bank to launch custodial service for cryptocurrencies
14 February 2021
3572
Deutsche Bank and cryptocurrency service Financial conglomerate Deutsche Bank plans to launch a cryptocurrency custodial service aimed at large investors. This follows a December 2020 World Economic Forum (WEF) report. The document states that Deut...
Bitcoin exchange Bitso to launch derivatives trading
13 February 2021
4187
Derivatives trading Latin America's largest cryptocurrency exchange, Bitso, announced the acquisition of European crypto derivatives platform Quedex. Quedex, like Bitso, is licensed by the Gibraltar...
PayPal aims to triple payment volume by 2025 with new financial services
13 February 2021
4206
PayPal shares and targets Shares in PayPal rose after the company announced plans to launch new financial services on its platform over the next two years, in particular stock trading and the creation of "high-yield savings ...
Argo Blockchain to build a mining centre in Texas
11 February 2021
3790
Cryptocenter in Texas London-listed mining company Argo Blockchain has announced the purchase of land in Texas to build a new data centre for bitcoin mining. The company has signed a letter of intent with New York-based firm DPN. The document is fo...
Arcane Crypto goes public on the Nasdaq with a valuation of $200 million
7 February 2021
4318
Nasdaq First North listing Norwegian investment firm Arcane Crypto has been listed on Sweden's Nasdaq First North after completing a reverse takeover deal with public company Vertical Ventures. Arcane Crypto investment director Eric Wall tweeted th...
Bitfinex and Tether requested a month to hand over documents to New York prosecutors
20 January 2021
3195
Bitfinex versus state of New York Cryptocurrency exchange Bitfinex said it needs more time to turn over documents on mutual transactions with Tether to the New York State Attorney General's Office (NYAG)....
Anchorage became the holder of the first U.S. federal cryptocurrency bank licence
14 January 2021
3138
The first federal cryptocurrency bank in the U.S. The Office of the Comptroller of the Currency (OCC) within the US Treasury has approved cryptocurrency custodian Anchorage's application for a nationwide 'digital asset bank'...
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