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   Business News    Latest News and Updates   Latest News and Updates

  Posted by u/ one year ago

U.S. House Speaker Drama Could Threaten to Unravel Crypto's 2023 Chances

Republicans in the U.S. House of Representatives are sprinting toward the worst case scenario in their scramble for a new speaker of the House, and their infighting could worsen the prospects for crypto legislation this year.

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  Posted by u/ one year ago

SBF Trial: Crypto Lender BlockFi Believed Alameda Was Solvent Given Balance Sheet It Was Shown, CEO Testifies

BlockFi lost ?a little over a billion dollars? due to its involvement with FTX and Alameda Research, Zac Prince said.

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  Posted by u/ one year ago

Hamas' Crypto Ties May Lend Energy to Sen. Warren's Money Laundering Bill

The revelations that the terrorist group behind last week?s attack on villages in southern Israel that left more than 1,200 Israelis dead was partially funded with cryptocurrency may lend additional weight to an effort from Sen. Elizabeth Warren (D-Mass.) and others to push for a law targeting money laundering and sanctions abuses in crypto.

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  Posted by u/ one year ago

Everything to Know About Sam Bankman-Fried?s Second Week in Court

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  Posted by u/ one year ago

Ethereum's New Low-Fee Regime May Put Its 'Ultra Sound Money' Thesis to Test

The Ethereum network's revenue from fees dropped to its lowest level since April 2020 as speculative activity disappeared and users migrated to layer 2s, IntoTheBlock said.

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  Posted by u/ one year ago

Is Hamas Using Crypto to Attack Israel? We Don?t Know

Reports this week about multi-million dollar Hamas crypto financing may have left a faulty impression.

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  Posted by u/ one year ago

Stablecoin Lender Liquity?s Token Gains 80% in Month as Activity Increases

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  Posted by u/ one year ago

SEC Won?t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF

The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.

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  Posted by u/ one year ago

Ethereum Devnet 9 Still Facing Testing Issues

Developers gathered to address emerging issues and bugs on Ethereum Devnet 9 and engage in a lengthy discussion regarding the merits of EOF (EVM Object Format).

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  Posted by u/ one year ago

SEC?s Deadline to Appeal Grayscale Ruling Is Friday Midnight

The Securities and Exchange Commission (SEC) is facing a critical midnight Friday deadline to appeal Grayscale Ruling. This significant legal development has been shared by Fox Business journalist, Eleanor Terrett.

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  Posted by u/ one year ago

Stars Arena Relaunch Will Take Place On Sunday After Cyber Attack

Stars Arena relaunch will take place on Sunday, but trading functions will be suspended. Trading functions will remain suspended.

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  Posted by u/ one year ago

Top 5 Crypto Venture Capital Firms In 2023

Crypto venture capital firms are still flowing to new and exciting blockchain-related projects. These investors are looking to play the long game when it comes to cryptocurrency projects.

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  Posted by u/ one year ago

SEC Adopts New Rule to Increase Transparency in the Securities Lending Market

On October 13, 2023, the Securities and Exchange Commission (SEC) introduced a new regulation, known as Rule 10c-1a, to increase transparency in the Securities Lending Market

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  Posted by u/ one year ago

Grayscale Bitcoin ETF Is Expected To Be Approved Soon As The SEC Didn?t Appeal

The SEC has chosen not to appeal a court ruling that found its rejection of the Grayscale Bitcoin ETF application was unjust.

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  Posted by u/ one year ago

Invesco Galaxy Bitcoin ETF Now Updated To Form S-1 To Respond To The SEC

Invesco updates the Invesco Galaxy Bitcoin ETF prospectus following the SEC's inquiries, aligning with Ark Invest's recent revisions.

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  Posted by u/ one year ago

Bloomberg Analysts: Spot Bitcoin ETFs Now Have A 90% Chance Of Being Approved

Renowned Bloomberg senior analysts Eric Balchunas and James Seyffart have significantly raised the odds of spot Bitcoin ETFs gaining approval before January 10, pushing the probability to an impressive 90%.

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  Posted by u/ one year ago

Coinbase Asked SEC Quickly Responds On The Rulemaking Petition In 30 Days

Coinbase asked SEC to respond to their rulemaking petition filed in July 2022, following a court-ordered 120-day period.

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  Posted by u/ one year ago

New California Crypto Regulation Designed To Manage The Crypto Boom

The new California crypto regulation comes as a response to the increasing urgency following last year's collapse of the FTX exchange and other market turmoil, as federal action looms uncertain.

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  Posted by u/ one year ago

Weight-Loss Drug Frenzy Cements Novo Nordisk as Europe?s Most Valuable Company 

Weight-Loss Drug Frenzy Cements Novo Nordisk as Europe?s Most Valuable Company 

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  Posted by u/ one year ago

Near-4,000% Surge Catapults One Tiny Biotech Firm to Record Week

Near-4,000% Surge Catapults One Tiny Biotech Firm to Record Week

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  Posted by u/ one year ago

Jim Jordan wins GOP nomination in House speaker election

After a handful of GOP lawmakers ousted former speaker Kevin McCarthy, the House has been paralyzed and unable to take any legislative action.

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  Posted by u/ one year ago

Biden speaks with families of Americans held hostage by Hamas

President Biden told families of American hostages they are in his prayers and reaffirmed the U.S. is "doing everything possible" to bring them home.

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  Posted by u/ one year ago

Mike Pence shares thoughts on Jan. 6 Capitol attack

Former Vice President Mike Pence opens up about his role in the Jan. 6 Capitol attack during USA TODAY town hall.

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  Posted by u/ one year ago

Gimme Less Shelter, or Inflation Won?t Fade Away

Gimme Less Shelter, or Inflation Won?t Fade Away

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  Posted by u/ one year ago

JD.com Sinks as Liu Arrest Rumors Compound Growing Bearish Calls

JD.com Sinks as Liu Arrest Rumors Compound Growing Bearish Calls

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  Posted by u/ one year ago

Wall Street Seeks Safety Amid Geopolitical Angst: Markets Wrap

Wall Street Seeks Safety Amid Geopolitical Angst: Markets Wrap

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  Posted by u/ one year ago

5 things to know about Mike Pence as he makes his pitch to NH voters

Former Vice President Mike Pence will have a conversation with voters at a town hall this week. Here's what to know about the White House hopeful.

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  Posted by u/ one year ago

Doug Burgum makes his pitch to voters in New Hampshire: 5 things to know

Doug Burgum is among the least known of the many long-shot candidates vying to be the Republican nominee in the 2024 presidential race.

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  Posted by u/ one year ago

5 Things podcast: Scalise withdraws from Speaker, House GOP in chaos

On today's episode: House Majority Leader Steve Scalise has withdrawn from the speaker election, throwing the House GOP into further chaos.

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  Posted by u/ one year ago

TON Foundation Aims to Secure Guinness World Record as the World's Fastest Blockchain

The Open Network Foundation (TON Foundation) announced its participation in a Guinness World Records-approved competition to claim the title of 'world's fastest blockchain.'

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  Posted by u/ one year ago

Coinbase spot trading volume falls by 52% compared to 2022: Report

Coinbase recorded around $76 billion in spot trading volume, showing a sharp decline compared to the same quarter in 2022.

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  Posted by u/ one year ago

Alameda Research Lost $200M to Several Phishing Attacks Due to \x9cPoor Security Practices\x9d: Ex-FTX Engineer

Blockchain private keys and exchange API keys were stored in plaintext in a file, exposed to vulnerabilities, said Aditya Baradwaj.

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  Posted by u/ one year ago

Platypus DeFi loses $2.2M in another flash loan exploit

The attack marks the third time that Platypus was exploited in 2023, with one incident taking $8.5 million in February and another taking $157,000 back in July.

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  Posted by u/ one year ago

Crypto lending invalidated by Chinese court in second landmark ruling

The plaintiff, Mr. Ming, will have no judicial relief to recoup his 80,000 Tether loan after its borrower defaulted.

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  Posted by u/ one year ago

Circle admitted by judge as amicus curiae in SEC vs Binance lawsuit: Report

The orders to pass the pending motion come just a day before the key hearing between Binance and SEC on Oct. 12.

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  Posted by u/ one year ago

Indonesia to conduct blockchain trials for public services

Tuhu Nugraha, who works with the Indonesian government, said the country will soon conduct trials on applying blockchain technology in public service use cases.

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  Posted by u/ one year ago

Mastercard announces successful wrapped CBDC trial results

The experiment demonstrated that CBDCs could be wrapped to purchase NFTs on blockchains such as Ethereum.

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  Posted by u/ one year ago

Trader swaps 131k stablecoins for $0 during USDR depeg

An attempt to withdraw USDR stablecoins amid a liquidity crunch appears to have gone horribly wrong.

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  Posted by u/ one year ago

Court Approves Genesis and FTX $175 Million Settlement Deal Despite Outrage from Creditors

A United States court has approved the settlement terms of bankrupt digital asset lender, Genesis and FTX's sister company, Alameda Research.

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  Posted by u/ one year ago

Charlie Munger's Zoomtopia Keynote: Crypto, AI, and Life Wisdom

Vice-Chairman of Berkshire Hathaway, Charlie Munger, has again shared his thoughts on crypto, artificial intelligence (AI), and valuable life lessons.

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  Posted by u/ one year ago

NFTs aren?t dead ? they?re just resting

The market for nonfungible tokens (NFTs) might be struggling during this 'NFT Winter,' but there are signs of life if you know where to look.

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  Posted by u/ one year ago

FTX hacker moves $120M amid Sam Bankman-Fried trial: Report

Blockchain analytics firm Elliptic didn?t rule out the possibility of the $477 million hack being an FTX inside job.

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  Posted by u/ one year ago

Bitcoin NUPL Metric Indicates Short-Term Holders? Dilemma: Data

Bitcoin could face increased sell pressure from short-term holders.

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  Posted by u/ one year ago

BlackRock's Bitcoin ETF Plans Raise Concerns About Centralization, Notes Arthur Hayes

BitMEX co-founder Arthur Hayes expresses concern that BlackRock's potential entry into the Bitcoin sector could shift its foundational tenets. As the asset management giant awaits SEC approval for a spot Bitcoin ETF, Hayes questions if the move might undermine Bitcoin's key attributes like decentralization.

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  Posted by u/ one year ago

Uptober might be over: Bitcoin price data shows investor sentiment at 3-month low

Bitcoin price has corrected at each attempt to rally above $28,000. Cointelegraph explains why.

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  Posted by u/ one year ago

Ark Invest Updates Spot Bitcoin ETF Filing in Response to SEC Feedback

Ark Invest possibly addressed SEC's concerns in new filing, following U.S. SEC's comments on S-1 forms.

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  Posted by u/ one year ago

China's Shenzhen Launches Digital Yuan Industrial Park

A group of Chinese firms will move into a CBDC-themed \x9cdigital yuan industrial park.\x9d

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  Posted by u/ one year ago

DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche \x93 Here's What Happened

Decentralized finance (DeFi) protocolÂ\xa0Platypus FinanceÂ\xa0has fallen victim to a security breach resulting in the loss of over $2 million.

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  Posted by u/ one year ago

The McRib Meme: A Curious Connection to Bitcoin and Stocks

Is there a connection between McRib, bitcoin, and stocks? Some (jokingly) argue there just may be.

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  Posted by u/ one year ago

XRP Price Prediction as XRP Dips -3.01% Today \x93 Will it Keep Falling?

The XRP price has fallen by 2% in the past 24 hours, sinking to $0.479290 as the cryptocurrency market as a whole suffers a similar dip today.

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