NY Attorney General Eric Schneiderman has launched a fact finding mission into 13 cryptocurrency exchanges; the information requested focuses on the use of bots, outages, consumer protections, and other issues. Source.
The city's pro-crypto mayor plans to ask Gov. Kathy Hochul to veto a bill that would stop proof-of-work mining for two years.
Federal Reserve Bank of New York President William Dudley said the U.S. central bank is starting to think about adopting its own digital currency; while talks are in their infancy Mr. Dudley does see the value in the technology behind bitcoin; he doesn’t see bitcoin being a rival to the dollar as it is currently to unstable. Source.
According to a New York Federal Reserve report, online mortgage lenders approve loans faster, experience fewer defaults and encourage more refinancing; not surprisingly they are also able to respond to customers as demands shift; the report studied banks and fintechs to better understand the market; lending from fintechs has grown by 30% annually since 2010, from $34 billion to $161 billion, representing 8% of the market. Source
The New York Times reports that the parent company of the New York Stock Exchange, Intercontinental Exchange or ICE, has...
The city is willing to shell out prize money for new ideas to build better communities, financial first.
Core systems provider Nymbus has created their SmartLaunch product for banks to launch a digital version in as little as...
The New York Stock Exchange, operated by Intercontinental Exchange, has decided to go all digital and close the trading floor...
The New York Stock Exchange has filed an application to register the term "NYSE" for a marketplace for non-fungible tokens (NFTs).
In its first Fintech Conference, New York University's Stern School of Business discussed some key topics in the industry including regulations to public policy, equity crowdfunding, marketplace investing and blockchain technology; Dan Schulman, president and CEO of PayPal, was the keynote speaker; panel discussions included, "Marketplace Investing Versus Venture Capital" and "Beyond Blockchain and the Decentralized Autonomous Organization." Source