News list for "jersey"
Donald Trump will hold a news conference in New Jersey on Thursday.
New Jersey Attorney General Matthew J. Platkin, the Department of Consumer Affairs, and the New Jersey Securities Authority announced Monday that investors in the state should immediately withdraw funds from crypto trading and lending platform Abra. The move follows investigations in multiple US states into the company's sale of interest-bearing accounts, which allegedly violated state securities laws. Cari Fais, acting director of the Department of Consumer Affairs, said: "The agreement announc...
Steven Fulop, mayor of Jersey City and candidate for governor of New Jersey, said municipal pension funds are investing in bitcoin ETFs as an "inflation hedge", noting that the investment is a hedge against inflation and that he personally holds ETH in addition to BTC. Fulop said of the rising cost of living in the state and across the country: "The last few years have been very, very tough and it seems to be getting worse rather than worse.
Bankrupt cryptocurrency lending firm BlockFi has received approval from the U.S. Bankruptcy Court of New Jersey to repay 100% of its customers' funds. The U.S. Bankruptcy Court for the District of New Jersey approved the plan on July 26, and the company expects asset distribution for U.S. customers to begin within 90 days, but international customers may face a longer wait. The bankrupt crypto lending firm is seeking court approval to monetize a $874.50 million claim against FTX for a much highe...
The mayor of Jersey City, New Jersey, announced on Thursday that the city's pension fund will allocate a percentage of its investment to bitcoin exchange-traded funds (ETFs). Writing on social media platform X, Fulop said the Jersey City pension fund was updating its filings with the SEC, similar to the Wisconsin pension fund. The mayor estimated the process would be completed by the end of the summer. Fulop said: "The question of whether cryptocurrencies and bitcoin will continue to exist is ba...
U.S. Senator Bob Menendez, a Democrat from New Jersey who once declared Bitcoin (BTC) ideal for criminals, was convicted by a jury on Tuesday of taking bribes, including gold bars and luxury cars, in exchange for political influence.
Interest rate strategist Ira Jersey said there wasn't much new in Powell's testimony, but it did underscore how data-dependent the Fed is. September is the likely point for a rate cut, but there is still a huge risk of being accused of helping Democrats (before the election). At the same time, many investors are concerned that inflation is still too high. Personally, I don't think the urgency of a rate cut is high. But once the Fed does start cutting rates, they will want to continue, and probab...
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