Tagged: new york

Real Estate Report: New York City Wages Not Increasing Proportionally to Property Market Rental Costs

Rent prices have surged in recent years, and wages have not kept pace, according to an update from real estate tech firm Zillow (Nasdaq: Z and ZG). While last year was a bright spot — wages grew faster than rents nationally and in almost half… Read More

Ex- Security Engineer Receives Prison Sentence for Hacking Decentralized Crypto Exchanges

Damian Williams, the United States Attorney for the Southern District of New York, announced that Shakeeb Ahmed was sentenced recently to three years in prison by U.S. District Judge Victor Marrero for “hacking two separate decentralized cryptocurrency exchanges and stealing cryptocurrency worth over $12 million…. Read More

Emerging Tech Firms Selected to Participate in 2024 FinTech Innovation Lab New York

Ten emerging technology companies have been selected to participate in the 2024 FinTech Innovation Lab New York, a 12-week program founded and run by Accenture and the Partnership Fund for New York City that helps early- and growth-stage fintechs accelerate product and business development through… Read More

NYDFS Superintendent Harris Secures Commitment from Gemini Trust Company to Return At Least $1.1B to Earn Program Clients

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris announced that Gemini Trust Company, LLC has committed to return at least $1.1 billion to Gemini Earn Program customers through the Genesis Global Capital, LLC  bankruptcy proceeding. In furtherance of that commitment, Gemini… Read More

Eleven, a Firm in the Alternative Investments Sector, Announces Release of Key Updates

Eleven, the technology company reshaping the alternative investments industry, announces the release of Eleven OS 7. This technology reportedly redefines “the interaction of data between Investor Profiles and private investments, bringing increased simplicity, centralization, data transparency, and integrity to the global private investment process.” At… Read More

NY Governor Kathy Hochul Wnats to Regulated Buy Now Pay Later (BNPL) More Strictly

As part of New York Governor Kathy Hochul’s State of the Union address, “sweeping consumer protection” was unveiled for buy now pay later (BNPL) providers. The Governor seeks to amend New York’s consumer laws to boost protections against practices deemed to be “unfair” while establishing… Read More

Real Estate Report: Buffalo, New York Expected to Become Major Housing Market

Buffalo, New York, will be the most active major housing market this year, according to a new analysis by Zillow (NASDAQ: Z and ZG). It may be hard to believe for some but as prices are rising elsewhere, Buffalo remains more accessible. Affordability is the… Read More

NYDFS Adopts Guidance for State-Regulated Banking and Mortgage Institutions to Address Climate Change Risks

Governor Kathy Hochul recently announced that the New York State Department of Financial Services adopted guidance for New York State-regulated banking and mortgage institutions in order “to help them manage their material financial and operational risks associated with climate change.” Governor Hochul said: “Climate change… Read More

KuCoin to Exit New York Market, Pay Penalty in Settlement with State of New York

In a settlement with the State of New York, crypto exchange KuCoin has admitted that it operates a crypto trading platform that is effectively providing a service where users can buy or sell securities and commodities as defined by the State of New York. KuCoin… Read More

NYDFS Superintendent Adopts Regulatory Guidance Regarding Listing of Digital Currencies

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris issued guidance which adopts enhanced requirements for coin-listing and delisting policies of DFS-regulated virtual currency entities, “updating the prior framework issued by the Department in 2020.” Superintendent Harris stated: “This guidance continues the… Read More

CenterPoint, the Division of Independent Prime Broker Clear Street, Introduces Products in Canada

CenterPoint, the active trading division of New York-based independent prime broker Clear Street LLC, announced that its products and services are available in Canada through Clear Street Canada Inc. CenterPoint’s products, services, and partnerships “include advanced routing and execution, real-time access to market data feeds,… Read More

New York Stock Exchange Announces NYSE LaunchPad to Assist Startups

The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology, and market infrastructure, announced NYSE LaunchPad. This program is designed to help today’s entrepreneurs “leverage enterprise technology expertise through a secure, cloud-based platform.” As part of the… Read More

Insurtech CoverForce Unveils Product Suite, Supported by Professional Team and $5M Seed Round

CoverForce, the insurance platform bringing streamlined comparisons and one-click buying to commercial insurance, emerged from stealth mode, “unveiling its comprehensive suite of products made specifically for agency networks, wholesalers, and software companies.” The company’s infrastructure and easy-to-integrate API aim “to provide digital access and one-stop… Read More

Bitfinex Hacker, Wife Heather Morgan aka Rapper “Razzlekhan,” Plead Guilty to Money Laundering Conspiracy Involving Billions in Crypto

A married and aspiring rapper couple from New York City recently pleaded guilty to money laundering conspiracies arising from the hack and theft of approximately 120,000 Bitcoin from Bitfinex, a global cryptocurrency exchange. Ilya Lichtenstein, 35, and Heather Morgan, 33, were arrested in February 2022… Read More

Financial Wellbeing: Fintech DailyPay, Remington Hospitality to Improve Employee Experience

Remington Hospitality, a hotel management company, announced its partnership with DailyPay, the leading provider of on-demand pay. With DailyPay, Remington Hospitality employees have “access to their earned pay as they earn it.” This critical financial wellness benefit “provides the employees with the power of choice… Read More

New York-based Independent Prime Broker Clear Street Announces Expansion into Futures Market

Clear Street, a New York-based independent prime broker, announced that it intends to enter the futures clearing market with the acquisition of React Consulting Services, LLC and its proprietary, cloud-native futures clearing platform, BASIS. BASIS will be integrated “into Clear Street’s existing cloud-native clearing, settlement,… Read More

DLT: R3, the Distributed Ledger Tech Firm, Focuses on Interoperability, High Availability, Scalability Reinforced by Corda

R3, the enterprise distributed ledger technology (DLT) and services firm, announced the next generation of its flagship platform Corda at its hosted event in New York. The updated version has been “designed for global financial market infrastructure providers and central banks to enable applications to… Read More

Menlo Ventures Recruits Former President of FTX Ventures, Amy Wu, to Expand Consumer Practice

Venture capital firm Menlo Ventures announced a new partner: Amy Wu. Amy joins Menlo “to grow the firm’s consumer and gaming practice and build on Menlo’s track record, which includes early investments in well-known consumer companies like Chime, Pillpack, Poshmark, Roku, Rover, Siri, Uber, and… Read More

DLT, Online Security: CertiK, Alibaba Cloud to Bring Blockchain Security to Cloud

CertiK, the New York-based blockchain security company, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced the signing of a partnership to provide blockchain security services to cloud-based Web3 projects. Web3 developers can now “accelerate their development process and secure their… Read More

London Fintech Smart, which Focuses on Retirement Savings Market, Secures Funding via Series E

Smart, the London-headquartered fintech transforming the global retirement savings market, today announces it has closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC, a private investment firm based in New York and London. Existing investors participating in the investment… Read More

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