May 3, 2024
Crypto

New York Expands Lawsuit Against Gemini And DCG—Claiming $3 Billion In Alleged Crypto Fraud Scheme

Topline New York expanded its complaint against Gemini and Digital Currency Group on Friday, alleging both cryptocurrency firms defrauded thousands of investors of an additional $2 billion, after Attorney General Letitia James filed a lawsuit against the companies late last year seeking more than $1 billion in restitution. Thousands of additional investors claim they also

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Crypto

New York leads, Tokyo worst

New York has emerged as the most crypto-ready city in the world, while Tokyo ranked the least ready among the top 50, according to a 2024 study by Coinwire, which scrutinized and ranked cities based on seven metrics, presenting a comprehensive view of their readiness for the cryptocurrency revolution. Despite Japan’s recognition of Bitcoin as

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Loans

States expand low-interest loan programs for farms, businesses and new housing

JEFFERSON CITY, Mo. (AP) — On the first business day of the new year, Missouri Treasurer Vivek Malek began accepting applications for about $120 million of state-subsidized, low-interest loans to small businesses, farmers and affordable housing developers. Within six hours, Malek had so many requests for the money that he had to cut off applications.

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Investors

Investing in hobbies can be money well spent — just don’t take on debt

Ryanjlane | E+ | Getty Images People often start the year by revisiting their budgets with a resolution to save money and cut back on discretionary spending. Yet, experts say hobbies shouldn’t be the first category to go. Americans on average spent $3,458 on entertainment in 2022, according to the most recent Consumer Expenditures report

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Loans

America’s negative equity hotspots exposed: Fascinating study reveals where homeowners are most at risk of going underwater on their loans

Nearly half of American states are becoming negative equity hotspots with as many as one in 20 homeowners going ‘underwater’ on their mortgages, a new study suggests. Overall US households saw their equity increase by $1.1 trillion in the third quarter of 2023 compared to the same period in 2022, reversing a trend seen at

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Funds

NYC retirement funds increase climate investments

The New York City retirement systems increased their investments in climate solutions by 24.7% in fiscal 2023, according to city comptroller Brad Lander. The city’s retirement portfolio of climate investments stood at $10.5 billion as of June 30. “Preserving a livable planet and a thriving economy will require a collective global commitment both to the phase-out

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