Tagged: new york

Paxos Now Authorized By New York’s Department of Financial Services to Offer Bankchain Precious Metals Platform

Financial Services Superintendent Maria T. Vullo announced this week that the Department of Financial Services (DFS) has authorized Paxos Trust Company LLC, formerly known as itBit Trust Company, to offer a permissioned, blockchain-based post-trade platform settlement service called Bankchain, and has granted a virtual currency… Read More

New York State Department of Financial Services Authorize Gemini Trust Company to Provide Additional Virtual Currency Products & Services

Financial Services Superintendent Maria T. Vullo announced on Monday the New York State Department of Financial Services has authorized Gemini Trust Company, LLC to offer the custody services and trading of Zcash, Litecoin and Bitcoin Cash, emerging cryptocurrencies, on its virtual currency exchange, which is… Read More

New York State Bill Would Add Another Compliance Hurdle with “Limited Charter” for Online Lenders

The State of New York is may create a new regulatory hurdle, and associated cost, for online lenders. A bill (Senate Bill S8340) sitting in the New York State Senate now, will create a limited state charter for internet lending. Sponsored by New York State… Read More

Commercial Real Estate Crowdfunding Platform First RealFund Secures $500,000 of Preferred Equity for Brooklyn Property Renovation

First RealFund (FRF), a commercial real estate crowdfunding platform headquartered in New York City, announced on Thursday it raised $500,000 of preferred equity financing for the renovation of a 4-story brownstone in Brooklyn’s Bedford Stuyvesant neighborhood. According to FRF, the project’s sponsor, XYZ Group, has pinpointed a… Read More

New York Attorney General Sends Letter to 13 Cryptocurrency Exchanges, Launches “Integrity Initiative” in Move to Protect Investors & Consumers

The New York Attorney General Eric T. Schneiderman has sent a letter to 13 different cryptocurrency exchanges. Described as a fact-finding inquiry into the policies and practices of platforms used by consumers to trade cryptocurrencies, the AG labeled the move the Virtual Markets Integrity Initiative. The… Read More

WorldRemit Debuts International Money Transfer Service in New York

International money transfer service WorldRemit announced on Thursday it has launched its services in New York, targeting the state’s 4.5 million immigrants with its fast, low-cost service. According to the company, customers can easily make international transfers of 147 countries around the world through its smartphone… Read More

Barclays Hosts Fintech Accelerator Program Demo Day in New York

Barclays announced on Tuesday that after three months of intensive product development, mentoring, and networking, the nine companies of its New York accelerator program are set to showcase their fintech proposals at a demo day. According to the company, the demo day marks the culmination… Read More

Boustead Securities Appoints Robert Maley As New Senior Managing Director & Announces Plans to Open New York Office

On Monday, Boustead Securities, a California-based investment banking firm that advises clients on IPOs, mergers and acquisitions, capital raises, and restructuring assignments in a wide array of industries, geographies and transactions, and its affiliate, FinTech Clearing, announced it has appointed Robert Maley as its new senior managing… Read More

Lendio Announces New Franchise in Rochester, New York

Lendio, an online lending marketplace for small business loans, announced on Thursday the opening of a new Lendio franchise in the Rochester area. Through the Lendio franchise program, R.J. Muto will help local businesses in the community apply for loans, review their options and secure funding, and… Read More

Chinese Blockchain Startup Onchain Launches Platform in New York

Chinese blockchain startup Onchain announced on Thursday it has officially launched its Ontology platform in New York. The company held an event earlier this week, which attracted blockchain industry experts and investors. According to Onchain, the goal of the Ontology Network is to form an original… Read More

Japanese Firm bitFlyer Launches Bitcoin Exchange in the U.S.

Tokyo-based bitFlyer announced on Tuesday the official launch of its bitcoin exchange in the U.S. The debut in the U.S., comes just after the company reported more than $100 billion in virtual currency has been traded year-to-date. While sharing more details about the U.S. expansion, bitFlyer… Read More

Tabb Group Announces Upcoming Fintech Festival in New York

Tabb Group, an international research and consulting firm that’s focused exclusively on capital markets, announced on Monday it will be hosting the 2017 Tabb Group Fintech Festival on November 2nd at the New York Hilton Hotel. While sharing details about the upcoming event, Anthony Perrotta,… Read More

Museum of the Moving Image Completes Jim Henson Exhibit Kickstarter With Over $144,000 in Funding

On Thursday, Museum of the Moving Image completed the Jim Henson Exhibition Kickstarter campaign. The initiative successfully raised $144,230 from 2,072 backers. As previously reported, the museum stated it was seeking a minimum of $40,000 for the exhibition, which will explore the world of the Muppets… Read More

Update: Museum of the Moving Image’s Jim Henson Exhibit Kickstarter Project Quickly Overfunds; Announces More Muppets Stretch Goal

Just a couple days after launching a Kickstarter for its Jim Henson exhibit project, New York’s Museum of Moving Image has successfully secured its initial $40,000 funding target and is nearing $70,000 thanks to over 930 backers. The campaign was launched earlier this week and… Read More

Museum of Moving Image Launches Kickstarter Campaign For New Jim Henson Exhibit

Taking a page from the Smithsonian Museum’s playbook, New York’s Museum of Moving Image has launched a crowdfunding campaign on Kickstarter for a new Jim Henson Exhibit. The organization stated it is seeking a minimum of $40,000 for the exhibition, which will explore the world… Read More

Accenture Opens North America Innovation Center for Finance & Risk in New York to Help Financial Institutions Accelerate & Scale Advanced Analytics, Data, & Reporting Initiatives

Accenture announced on Wednesday the opening of its North America Innovation Center for Finance and Risk, which is located in New York City. According to Accenture, the new center seeks to help financial services companies quickly develop and scale advanced data and analytics capabilities. The… Read More

Ellen DeGeneres Launches GoFundMe Campaign to Support “Dear Black Girl” Program

Following her interview with “Dear Black Girls” organizers, Cassandra Pryor and Melody Smalls, talk show hostess Ellen DeGeneres launched a crowdfunding campaign on GoFundMe to raise $25,000 for the program. “Dear Black Girls” is described as an organization on a mission to inspire, encourage, and… Read More

Manatt Appoints Anita Boomstein As Chair of the Firm’s Global Payments Practice in New York

Manatt, Phelps & Phillips, LLP announced on Tuesday it has appointed Anita Boomstein as chair of its firm’s Global Payments Practice in New York. Boomstein reportedly joins the firm from Hughes Hubbard and Reed LLP, where she was a partner in the banking and financial… Read More

Finnovista’s Fermin Bueno Shares Updates on Spain’s Fintech Ecosystem and Upcoming Pitch Day in Madrid

“We are convinced that the moment has come for Spanish banks and insurance companies to recognize the great opportunity that the whole country and financial sector have thanks to the impulse and promotion of Fintech. It is also the time to begin to promote strategies… Read More

Gotham Ballers Basketball Team Seeks a Minimum of $50,000 Through StartEngine Initiative

Gotham Ballers, a New York basketball team that is set to be a part of the new Champions Basketball League, has recently launched a StartEngine Reg CF campaign. The team is seeking a minimum of $50,000 (max $1 million) as it prepares to make its… Read More