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   Business News    Latest News and Updates   Latest News and Updates

  Posted by u/ 12 months ago

Democrats won't save Kevin McCarthy as ultra-conservatives revolt: Updates

House Speaker Kevin McCarthy is in the fight for his political life as the California Republican stares down a motion to oust him for the speakership.

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  Posted by u/ 12 months ago

Hunter Biden pleads 'not guilty' on gun charges

Hunter Biden made a court appearance in Wilmington, Delaware, to fight federal felony gun charges.

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  Posted by u/ 12 months ago

Rep. Henry Cuellar carjacked by 3 robbers in Navy Yard near the Capitol

Rep. Henry Cuellar, D-Texas, was carjacked Monday night by three armed men in Navy Yard near the Capitol building in Washington, D.C.

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  Posted by u/ 12 months ago

South Korean Court Jails Septuagenarian Bitcoin Fraudster

A South Korean court has handed a 70-year-old man a jail sentence after finding him guilty of Bitcoin (BTC)-powered fraud.

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  Posted by u/ 12 months ago

Sam Bankman-Fried Wanted to Pay Donald Trump $5 Billion to Not Run for President in 2024, Big Short Author Claims

Former FTX CEO Sam Bankman-Fried explored the possibility of offering Donald Trump a staggering $5 billion to dissuade him from running for the United States presidency in 2024, Big Short author Michael Lewis revealed.

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  Posted by u/ 12 months ago

Lazarus Group's New Malware is Harder To Detect, Cyber Security Firm Warns Crypto Firms

Cyber security experts at ESET have warned firms of the threat posed by the Lazarus Group's new malware \x9cLightlessCan\x9d saying it is more difficult to detect than previous versions.

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  Posted by u/ 12 months ago

Ex-Chairman of Canaan Jack Kong Faces Crypto Project Hack From Insider

The hacker, an insider, reportedly fled to Thailand, but was later arrested and returned to China within 48 hours.

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  Posted by u/ 12 months ago

Q3 2023 crowned most ?damaging? quarter for crypto amid $700M losses: Report

Private keys getting compromised took over $204 million across 14 security incidents in the third quarter of 2023.

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  Posted by u/ 12 months ago

September 2023 Marks Record-High Crypto Exploits with $329 Million Stolen: Report

On September 30, CertiK confirmed that a total of approximately $332 million had been lost to various exploits, hacks, and scams throughout September.

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  Posted by u/ 12 months ago

Nomura's Crypto Subsidiary Laser Digital Opens Office in Japan

The company's debut into the Japanese market comes a week after it received an in-principal approval for operations in Dubai.

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  Posted by u/ 12 months ago

Swiss bank UBS launches tokenized money market fund on Ethereum

The fund is a part of a wider VCC umbrella that brings various real-world assets to the blockchain.

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  Posted by u/ 12 months ago

Bankrupt CeFi firm Haru Invest hints at asset recovery

No specific timeline was given as to when users can receive their money back.

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  Posted by u/ 12 months ago

IMF Proposes Crypto Risk Assessment Matrix for Macrofinancial Impact on Countries

The International Monetary Fund (IMF) published a working paper that highlights risk management strategies and policy changes for regulators.

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  Posted by u/ 12 months ago

Free Crypto Signals Group Crypto Whales Pumps on Fire as Subscribers Surpass 25,000

The free-to-access up-and-coming trading group is proving itself a force in the crypto retail investing space.

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  Posted by u/ 12 months ago

Despite Government Shutdown Worries, Stablecoin Legislation Pushed by McHenry

Representative Patrick McHenry on Friday reaffirmed his commitment to regulating stablecoins, despite a potential government shutdown looming at the time.

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  Posted by u/ 12 months ago

Crypto liquidity provider GSR receives regulatory approval in Singapore

The license allows GSR to provide crypto and fiat-related services to Singaporean residents and entities.

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  Posted by u/ 12 months ago

Mark Zuckerberg's Vision: AI Leading the Way to the Metaverse

Meta's CEO, Mark Zuckerberg, has revealed that he remains committed to his pursuit of leadership in the fast-paced metaverse race.

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  Posted by u/ 12 months ago

DOJ Plans to Call Former FTX Customers and Investors as Witnesses in Sam Bankman-Fried's Trial

The US Department of Justice is preparing to call former FTX customers, investors, and employees as witnesses in the upcoming trial against Sam Bankman-Fried.

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  Posted by u/ 12 months ago

Chainalysis axes another 15% of staff citing difficult market conditions

The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper.

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  Posted by u/ 12 months ago

Will Bitcoin?s 4% Weekend Surge to $28K Lead to More Gains This Week?

Bitcoin prices have tapped their highest levels for six weeks but can momentum be maintained as we head into the traditionally bearish month of October?

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  Posted by u/ 12 months ago

Bitcoin Touched $28,500 Mark, Igniting Hopes for ?Uptober? Rally (Data)

Wallets with 10-10k BTC have accumulated a whopping $1.17 billion in the past month alone.

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  Posted by u/ 12 months ago

Sam Bankman-Fried FTX trial ? five things you need to know

The long awaited trial of former FTX CEO Sam Bankman-Fried gets underway on Oct. 4 - here?s what you need to know.

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  Posted by u/ 12 months ago

BTC price knocks on $28.5K as trader says Bitcoin 'reeks of disbelief'

Bitcoin preserves its snap October gains, but BTC price analysis reveals reasons for staying level-headed on the future.

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  Posted by u/ 12 months ago

After Bitcoin: Grayscale Files to Convert Another Major Trust into ETF

Grayscale intends to convert its Ethereum Trust into a spot ETF, which could create massive gains for the fund?s current investors.

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  Posted by u/ 12 months ago

7 best DeFi crypto tokens to 10x

In DeFi, discovering tokens with the potential for significant returns is similar to finding a diamond in the rough. Within the labyrinth of the DeFi market, certain trailblazers are shifting paradigms, holding the promise of exponential financial gains and pioneering shifts in the Web3 ecosystem.  Use cases range from platforms reshaping the traditional method of […]

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  Posted by u/ 12 months ago

Will XRP collapse? 3 cryptos to buy with promising futures

The crypto market, characterized by its volatility, often witnesses unprecedented surges and sudden declines. However, the recent uncertainty surrounding Ripple’s XRP has shaken the very foundations of the crypto community. With the SEC reigniting their battle against Ripple, potential investors are grappling with doubts over XRP’s future. Yet, even in this clouded climate, some top […]

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  Posted by u/ 12 months ago

FTX auditor Prager Metis faces SEC legal action over violations

SEC takes legal action against Prager Metis, auditor of bankrupt crypto exchange FTX. Prager Metis is accused of breaching auditor independence rules by adding indemnification provisions. Lack of transparency and ethical concerns raise questions about auditing practices in the cryptocurrency industry. The United States Securities and Exchange Commission (SEC) has taken legal action against Prager […]

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  Posted by u/ 12 months ago

Grayscale files to convert its Ethereum Trust into a spot Ethereum ETF

Grayscale is seeking for SEC’s approval to convert its Ethereum Trust to an Ethereum ETF. Grayscale’s Ethereum Trust manages nearly $5 billion in Ethereum assets. Transition to spot ETF offers direct and regulated cryptocurrency exposure. Grayscale Investments, a global leader in digital asset investment, is making headlines again as it seeks approval from the US […]

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  Posted by u/ 12 months ago

Bitfarms reports a 7.3% increase in its monthly mining output

Bitfarms produced 411 bitcoins last month and sold 362. The Canadian miner is still lagging behind last year’s figures. Bitfarms stock is currently down 40% versus its recent high. Bitfarms Ltd says its mining output popped 7.3% in September as it continued to install new miners and “fully energised” its facility in Rio Cuarto to […]

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  Posted by u/ 12 months ago

Shiba Memu rises to fame, but how attractive is the meme crypto in 2023?

Shiba Memu aims to be a sustainable meme crypto alternative to its predecessors. The cryptocurrency’s value has been rising during the presale every day. The potential for Shiba Memu is huge, with up to 50x predictions. Shiba Memu (SHMU) is undeniably one of the best-selling meme cryptocurrencies of 2023. Since launching a presale, the new […]

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  Posted by u/ 12 months ago

Is presale sensation Memeinator the meme cryptocurrency to never miss in 2023?

Memeinator aims to destroy weak meme cryptocurrencies using AI-enabled marketing. The presale has unlocked demand, with $528,000 raised to stage 3. The token’s price can rise by strong margins due to unique project features and AI use. Memeinator (MMTR) may be just five days old in presale, but the frenzy around it is huge. The […]

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  Posted by u/ 12 months ago

Grayscale to convert its Ethereum Trust to a spot ETH ETF: Will that boost institutional interest in altcoins

Key takeaways Grayscale has filed to convert its Ethereum Trust to a spot ETH exchange-traded fund (ETF). Shiba Memu’s presale has now officially surpassed the $3.5 million mark. The cryptocurrency market has underperformed over the last few hours, but that hasn’t halted investors’ interest in several crypto projects. Shiba Memu’s presale has now officially surpassed […]

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  Posted by u/ 12 months ago

Memeinator raises over $500k less than a week after presale launch

Key takeaways The Memeinator presale launched a few days ago, and the team has raised more than $500k so far. The token’s price will increase to $0.0118 in the next presale round. Memeinator’s presale is now finally live and has attracted interest from investors. The project has already raised considerable amounts over the last few […]

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  Posted by u/ 12 months ago

6 Questions for JW Verret ? the blockchain professor who?s tracking the money

J.W. Verret is the ?Blockchain Professor.? He may be tracking your money, but he?s advocating for crypto.

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  Posted by u/ 12 months ago

FTX 'Hacker' Moved 15K ETH This Weekend

More than 15,000 ether (ETH) worth close to $26 million left a wallet associated with last year's attack on FTX this weekend.

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  Posted by u/ 12 months ago

Coinbase Obtains Payment License in Singapore

Last week the company attained regulatory approval in Bermuda and registered with Spains central bank.

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  Posted by u/ 12 months ago

Bitcoin Surges Over $28K, but Analyst Questions ETF Optimism Angle

Short liquidations on crypto-tracked futures may have contributed to the rise in bitcoin and ether.

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  Posted by u/ 12 months ago

FTX's Former Auditor Prager Metis Sued by SEC

The regulator alleged in a court filing that the firm had entered into contracts with clients that violated auditor independence rules.

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  Posted by u/ 12 months ago

Sam Bankman-Fried Saw Missing FTX Billions as ?Rounding Error,? Biographer Says

Michael Lewis revealed management failings at crypto exchange FTX, and a billion-dollar plan to keep Trump out of office in an interview with CBS.

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  Posted by u/ 12 months ago

Crypto Investment Firm Deus X Capital Launches With $1B in Assets

Deus X Capital, a family office backed investment firm, launched today with Tim Grant as CEO, the company said in a statement.

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  Posted by u/ 12 months ago

Sam Bankman-Fried Goes on Trial Tomorrow

It is officially trial week, everyone ? or as Bloomberg?s Joe Weisenthal would likely put it, ?this is why we get up in the morning.? It?s been exactly nine months and 20 days since Sam Bankman-Fried got arrested in his then-home in the Bahamas. Today marks the last day before he is set to start trial in which he will win back his freedom ? or be locked up for what a federal judge says a ?very long? time.

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  Posted by u/ 12 months ago

Protocol Village: Babylon Unveils Bitcoin Staking Protocol for Cosmos Ecosystem

The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 2-8, with live updates throughout.

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  Posted by u/ 12 months ago

Grayscale Moves to Convert Its Ethereum Trust to a Spot ETH ETF

Its the largest ether trust in the world with $5B in AUM.

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  Posted by u/ 12 months ago

First Mover Americas: Bitcoin Hits Highest Price in a Month

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 2, 2023. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ 12 months ago

Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public

Chia Network cut a third of its workforce today as the blockchain platform sought to reestablish a lost banking relationship, the company told CoinDesk, further delaying what Chia had hoped would be a rapid path to listing as a public company.

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  Posted by u/ 12 months ago

Chainlink Unveils ?Data Streams? to Reduce Latency, Expands Decentralized Computing

The company launched Chainlink Data Streams and announced new decentralized computing capabilities.

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  Posted by u/ 12 months ago

UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules

With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.

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  Posted by u/ 12 months ago

Chainalysis: Hong Kong and China?s OTC Markets Remain Active Despite Crypto Winter

East Asia represents almost 8.8% of all transactions globally, a report from the research firm says.

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  Posted by u/ 12 months ago

Sam Bankman-Fried?s Closest Friends Will Testify Against Him. Here?s Who Else We?ll Hear From

Several of Bankman-Fried?s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U.S. Department of Justice, including his former romantic partner Caroline Ellison and childhood friend Gary Wang, who were both deeply involved in the daily workings of both FTX and its quant-driven trading shop, Alameda Research. Another two individuals, who prosecutors have yet to publicly name, may testify if granted immunity, suggesting they may also be tied to the exchange. The DOJ also announced over the weekend that prosecutors intend to call former FTX customers from around the world and investors as witnesses during the trial.

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  Posted by u/ 12 months ago

Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged

Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve?s Office of Inspector General (OIG), allowing the bank to take risks that would turn fatal.

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