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Banking giants and New York Fed start 12-week digital dollar pilot
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>NEW YORK, Jan 3 (Reuters) - Sam Bankman-Fried's parents have been getting physical threats since the collapse of their son's now-bankrupt FTX cryptocurrency exchange, his lawyers said on Tuesday. > >The disclosure was made in a filing in Manhattan federal court, where **the** **lawyers asked that the names of two remaining sureties for** **Bankman-Fried's $250 million bond not be disclosed**. The sureties: former customer's money
"NEW YORK, Dec 27 (Reuters) - U.S. prosecutors have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal about $110 million in October by rigging the Mango Markets cryptocurrency exchange. According to a complaint made public on Tuesday in Manhattan federal court, Avraham Eisenberg's trades in futures related to Mango's crypto token MNGO enabled him to withdraw $110 million in cryptocurrencies from other investors' deposits, with no apparent intention to repay the funds."
Not just USA based but NEW YORK based....NY has their owns stricter set of rules for crypto. last time i checked theres only 3 places for NY residents to trade crypto...and binance isnt one of them.
https://www.forbes.com/sites/forbespr/2022/02/10/forbes-announces-200-million-strategic-investment-from-binance/ > > Forbes Announces $200 Million Strategic Investment From Binance > > World Leading Cryptocurrency and Blockchain infrastructure provider to Invest in Existing $400 Million PIPE at Established Deal Terms > > Binance to Help Advise Forbes’ Digital Assets and Web3 Strategy > > NEW YORK – February 10, 2022 – Forbes, the iconic business information brand that convenes and curates the most influential leaders driving change, and Magnum Opus Acquisition Limited (NYSE: OPA) (“Magnum Opus”), a publicly traded special purpose acquisition company, today announced a $200 million strategic investment from Binance, one of the world’s largest cryptocurrency and blockchain infrastructure providers. > > Forbes and Magnum Opus earlier announced plans to pursue a business combination, expected to close Q1 of 2022, through which Forbes would become a publicly traded company on the New York Stock Exchange trading under the ticker symbol “FRBS.” Going public will enable Forbes to further capitalize on its successful digital transformation, using technology and data-driven insights to create more deeply engaged audiences, and associated high-quality and recurring revenue streams.
>WASHINGTON/NEW YORK (Reuters) 2009 - Bank of America Corp was rescued by the U.S. government on Friday through a $20 billion bailout and a guarantee for almost $100 billion of potential losses on toxic assets to cushion the blow from a deteriorating balance sheet at Merrill Lynch & Co, its recently acquired brokerage.
Here you go PRESS RELEASE New York Innovation Center to Explore Feasibility of Theoretical Payments System Designed to Facilitate and Settle Digital Asset Transactions November 15, 2022 NEW YORK – The Federal Reserve Bank of New York today announced that its New York Innovation Center (NYIC) will participate in a proof-of-concept project to explore the feasibility of an interoperable network of central bank wholesale digital money and commercial bank digital money operating on a shared multi-entity distributed ledger. This U.S. proof-of-concept project is experimenting with the concept of a regulated liability network. It will test the technical feasibility, legal viability, and business applicability of distributed ledger technology to settle the liabilities of regulated financial institutions through the transfer of central bank liabilities. "The NYIC looks forward to collaborating with members of the banking community to advance research on asset tokenization and the future of financial market infrastructures in the U.S. as money and banking evolve," said Per von Zelowitz, Director of the New York Innovation Center. As part of this 12-week project, the NYIC will collaborate with a group of private sector organizations to provide a public contribution to the body of knowledge on the application of new technology to the regulated financial system. This project will be conducted in a test environment and only use simulated data. It is not intended to advance any specific policy outcome, nor is it intended to signal that the Federal Reserve will make any imminent decisions about the appropriateness of issuing a retail or wholesale CBDC, nor how one would necessarily be designed. The findings of the pilot project will be released after it concludes. For additional information on this project, visit the [NYIC webpage](https://www.newyorkfed.org/aboutthefed/nyic/facilitating-wholesale-digital-asset-settlement). For information from the group of financial market institutions participating in this collaboration, see [here](https://www.businesswire.com/news/home/20221115005936/en/Members-of-the-U.S.-Banking-Community-Launch-Proof-of-Concept-For-A-Regulated-Digital-Asset-Settlement-Platform). About the New York Innovation Center As part of the Federal Reserve Bank of New York, the [New York Innovation Center](https://www.newyorkfed.org/aboutthefed/nyic) (NYIC), bridges the worlds of finance, technology, and innovation. Launched in 2021 and established in partnership with the Bank for International Settlements Innovation Hub, the NYIC generates insights into high-value central bank-related opportunities through technical research, experimentation, and prototyping, to drive advancements in central banking and enhance the functioning of the global financial system. Contact Shelley Pitterson (917) 698-0510 shelley.pitterson@ny.frb.org
Cant see it. This guy play videgames now and giving interview to NEW YORK TIMES. HE DEFRAUD 39 BILIONS- people lives get wrecked by him. What USA do? Nothing.
tldr; NEW YORK, NY — JPMorgan CEO Jamie Dimon never curbs his disdain for crypto. He now, however, has added a more tactful approach to his ever-evolving toolkit of epic takedowns: subtle trolling. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; NEW YORK, NY, Oct. 05, 2022 (GLOBE NEWSWIRE) -- The Quadrans Foundation, as part of the TRICK Consortium, will provide the blockchain technology infrastructure for the new platform's design and will use Truebit to achieve TRICK's development goals. TRICK Project (product data traceability information management by blockchains interoperability and open circular service marketplace) was funded by the European Union's Horizon 2020 research and innovation programme (GA 958352) with € EUR 8 million i *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; NEW YORK, Oct 13( Reuters)-U.S consumer prices increased further than anticipated in September, and underpinning affectation pressures continued to make up, buttressing prospects that the Federal Reserve will deliver a fourth 75- base points interest rate hike coming month. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Tldr ; NEW YORK – Risk gauges in Germany’s government debt market rose last week to levels higher than recorded in the 2008 world financial crash, as margin calls forced the liquidation of derivatives positions held by banks, insurers and pension funds. A key measure of market risk, the spread between German government bonds (Bunds) and interest rate swap agreements jumped above the previous record set in 2008. The cost of hedging German government debt with interest-rate options, or option-implied volatility, meanwhile rose to the highest level on record. That left the institutions with margin calls that they could meet only by liquidating assets. The Fed-driven asset bubble of the past ten years brought US pension funds up to minimum funding requirements to meet liabilities as of 2021.
Strike not available in NEW YORK. Please someone correct me if wrong