Tagged: new york

October 17, 2026 @ 6:11 am By Omar Faridi  |  

Brooklyn prosecutors have dismantled the core online infrastructure of a far-reaching cryptocurrency investment fraud that preyed on Russian-speaking residents of the United States, with a disproportionate number of victims in Brooklyn itself. District Attorney Eric Gonzalez disclosed on October 14, 2026, that his office’s Virtual… Read More

October 2, 2026 @ 8:50 am By Omar Faridi  |  

New York and Wyoming regulators have agreed to coordinate supervision of virtual currency and digital asset businesses, including a pathway that aims to produce licensing decisions within six months for certain established firms. On October 1, 2026, the New York State Department of Financial Services… Read More

September 22, 2026 @ 12:02 pm By Omar Faridi  |  

FintechOS has closed a $28 million package of equity and senior debt as it shifts from a period of operational tightening into a more aggressive expansion phase, with the United States as the main priority. The capital came from existing shareholders Bek Ventures, IFC, Cipio… Read More

September 11, 2026 @ 1:31 pm By Omar Faridi  |  

New York financial regulators have spelled out how banks, insurers, and other supervised firms should measure cyber risk so those findings actually shape day-to-day security programs. On September 10, 2026, Acting Superintendent Kaitlin Asrow of the New York State Department of Financial Services (NYDFS) released… Read More

August 17, 2026 @ 2:51 pm By Omar Faridi  |  

Western Union (NYSE: WU) has secured a key regulatory green light from New York authorities for its planned purchase of International Money Express, commonly known as Intermex, yet the transaction now confronts fresh obstacles in California that could postpone its completion. The roughly $500 million… Read More

August 2, 2026 @ 3:03 pm By Omar Faridi  |  

Circle Internet Group (NYSE: CRCL), the company issuing the widely adopted USDC stablecoin, has taken another significant step in strengthening its regulatory standing. On July 31, 2026, the firm announced that the New York Department of Financial Services (NYDFS) granted a limited purpose trust charter to its… Read More

July 31, 2026 @ 6:33 am By Omar Faridi  |  

New York regulatory authorities have taken legal action against the prediction markets operator Kalshi, accusing it of running an unlicensed gambling business within the state. On July 31, 2026, Governor Kathy Hochul and Attorney General Letitia James announced that the state filed a petition against… Read More

July 15, 2026 @ 9:22 am By Omar Faridi  |  

TeraWulf Inc. (NASDAQ: WULF), a company transitioning from Bitcoin mining toward artificial intelligence and high-performance computing infrastructure, saw its stock drop sharply on Tuesday after New York Governor Kathy Hochul announced a temporary statewide moratorium on new hyperscale data centers. Shares declined approximately 7% to… Read More

June 10, 2026 @ 2:30 pm By Omar Faridi  |  

Thunes, an international payments Fintech known for its global money transfer network, is ramping up its presence in the United States. The company is channeling resources from its substantial Series D funding round to strengthen operations stateside, highlighted by the recent inauguration of a dedicated… Read More

May 28, 2026 @ 5:43 pm By Omar Faridi  |  

Mastercard (NYSE:MA) has achieved a significant regulatory milestone by obtaining a BitLicense from the New York State Department of Financial Services (NYDFS). This approval, granted to Mastercard Transaction Services (U.S.) LLC, underscores the payments firm’s commitment to operating responsibly within the ecosystem of digital assets…. Read More

May 4, 2026 @ 1:46 pm By Omar Faridi  |  

New York Attorney General Letitia James has secured more than $5 million from cryptocurrency trading platform Uphold HQ Inc. in a settlement resolving allegations that the company misled customers by heavily promoting a third-party yield product that ultimately collapsed, resulting in substantial investor losses. The… Read More

April 26, 2026 @ 10:20 pm By Omar Faridi  |  

The Commodity Futures Trading Commission (CFTC) has launched a federal lawsuit against the State of New York. Filed on April 24, 2026, in the US District Court for the Southern District of New York, the action aims to prevent state officials from imposing gambling restrictions… Read More

March 30, 2026 @ 8:36 am By JD Alois  |  

Apollo Global Management is planning to open a second headquarters in either Florida or Texas, adding its name to the growing list of firms seeking a more business-friendly jurisdiction to operate. Apollo is expected to keep its NYC HQ, at least for the time being…. Read More

March 26, 2026 @ 9:04 am By JD Alois  |  

Z/Yen, a City of London commercial think-tank, has published The Global Financial Centres Index 39. According to its analysis, New York City remains at the top of the Index, followed by London, Hong Kong, Singapore, and San Francisco. This ranking at the top is little… Read More

February 16, 2026 @ 5:30 pm By Omar Faridi  |  

In a move to significantly streamline operations, cryptocurrency exchange Gemini (NASDAQ:GEMI) has announced its withdrawal from several international markets, including the United Kingdom, European Union, and Australia. This decision, aimed at cutting costs and simplifying its global footprint, comes as the firm redirects its efforts… Read More

February 8, 2026 @ 4:46 am By Omar Faridi  |  

In an effort to address New York City’s ongoing housing crisis, OakNorth, a specialist in commercial lending, has partnered with Oak Funding to extend a $78 million co-loan to real estate developer Bushburg. This financing will facilitate the purchase and redevelopment of 100 William Street,… Read More

February 5, 2026 @ 2:05 pm By Omar Faridi  |  

In a new alert issued on February 2, 2026, New York Attorney General Letitia James has highlighted the dangers associated with unregulated prediction markets, particularly as excitement builds for major sporting events like the Super Bowl. These online platforms allow users to wager on the… Read More

January 21, 2026 @ 7:57 am By Omar Faridi  |  

OakNorth, the digital bank focused on enabling mid-market businesses, has recently extended significant financing to two distinct ventures. These moves underscore the bank’s commitment to fostering sustainable development and economic expansion, having already disbursed over $18 billion in loans that have spurred job creation and… Read More

January 16, 2026 @ 7:02 pm By Omar Faridi  |  

Apex Fintech Solutions has recently teamed up with Allfunds, a European wealthtech provider, to streamline access to international investment options. This collaboration, revealed earlier this month, aims to make offshore mutual funds, exchange-traded funds (ETFs), and alternative assets more readily available to investors worldwide, including… Read More

January 11, 2026 @ 6:07 pm By Omar Faridi  |  

DailyPay, the provider of on-demand pay platforms, has announced the closure of a new $195 million senior secured revolving credit facility. The deal positions the company for expanded operations and innovation in the financial wellness sector. DailyPay, which is headquartered in New York, specializes in… Read More