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   Business News    Latest News and Updates   Latest News and Updates

  Posted by u/ one year ago

Google Updates Crypto Ads Policy, Clarifies Rules for Blockchain Games

Starting Sept. 15, advertisers can run ads for NFT games that do not promote gambling-related content and adhere to Google's ad requirements.

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  Posted by u/ one year ago

EU Commissioner Wants Digital Euro Project To Be Approached After Next European Commission In 2024

Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union says that the digital euro should not be rushed until the next Commission's parliamentary election.

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  Posted by u/ one year ago

Grayscale Revealed as Second-Largest BTC Entity by Arkham Intelligence

Arkham Intelligence, an on-chain analytics platform, asserted that Grayscale is the second-largest BTC entity worldwide.

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  Posted by u/ one year ago

Binance's indecision to freeze BNB wallets drew controversy in this $11M rug pull

As it turns out, Binance does in fact have the power to freeze private wallet addresses on BNB Chain, albeit only with the consensus of all its validators.

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  Posted by u/ one year ago

Ex-FTX Co-Chief Executive Ryan Salame to Plead Guilty in Court \x93 Will SBF Follow Suit?

Former co-CEO of FTX Digital Market Ryan Dalame plans a guilty plea over criminal charges associated with the collapse of FTX in November.

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  Posted by u/ one year ago

Binance to reimburse users $1M for Cyber Earn incident

Users were prevented from withdrawing their CYBER Earn assets on the exchange due to a cross-chain bridging issue.

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  Posted by u/ one year ago

AI and blockchain will 'reshape sectors' and create new markets from scratch ? Moody's

According to an analysis from Moody's Investors Service, AI and distributed ledger technologies are set to disrupt companies, industries, and economies across the globe.

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  Posted by u/ one year ago

DeFi 3.0 introduces a new way to hedge crypto assets against volatility

Bumper removes downside volatility for protected assets, making it a reliable alternative to crypto options trading.

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  Posted by u/ one year ago

UK's FCA to Extend Deadline for Crypto Firms to Implement Changes to Marketing Processes

Cryptoasset firms will have an extended three month window till 8 January 2024 to introduce features that need vast tech development.

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  Posted by u/ one year ago

Web3 made simple: Brinc joins forces with Cointelegraph Accelerator

Brinc partners with Cointelegraph Accelerator to establish a two-way support bridge for startups developing the future of Web3.

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  Posted by u/ one year ago

Former OpenSea manager withdraws application for bail pending appeal

The attorneys representing Nathaniel Chastain informed the court that Chastain will self-surrender on Nov. 2 to begin serving his sentence.

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  Posted by u/ one year ago

Convicted Ex-OpenSea Manager Chooses to Serve Jail Time Amid Pending Appeal

Nathaniel Chastain, a former manager at OpenSea, has made the decision to serve his three-month prison sentence for insider trading while his appeal is still pending.

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  Posted by u/ one year ago

Marketing company wants 90% of Japanese population on Web3: KBW 2023

Ava Labs head of product Nick Mussallem explained how Japanese company Loyalty Marketing is aiming to introduce Web3 to its 100 million users.

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  Posted by u/ one year ago

Axident's NFTs Turn Justin Bieber's 'Company' Into a Royalty Investment, 350 Minted in 2 Minutes

Andreas Schuller, known by his producer name Axident, has just started the sale of NFTs that give their owners a percentage of future streaming royalties to Justin Bieber's song 'Company'.

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  Posted by u/ one year ago

Bitcoin Miner Gets Paid Nearly $32 Million To Reduce Mining Rate This August

Riot Platforms was paid $31.7 million in energy credits by the Texas power grid operator ERCOT.

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  Posted by u/ one year ago

Bitcoin price faces 200-week trendline as US dollar hits 6-month high

BTC price centers on the 200-week exponential moving average, while analysts warn that Bitcoin and risk assets are in danger from a surging dollar.

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  Posted by u/ one year ago

Arkham Intelligence Says Grayscale Bitcoin Trust?s Wallets Hold Over $16B in BTC

Grayscale has refused to identify GBTC?s on-chain addresses for security reasons.

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  Posted by u/ one year ago

Stake hack of $41m was performed by North Korean group: FBI

After investigating, the FBI concluded that the hack of crypto gambling site Stake was carried out by North Korean hackers Lazarus Group.

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  Posted by u/ one year ago

Bitcoin ETF Approval: The SEC's Regulatory Opportunity

Approving a spot Bitcoin ETF is an opportunity for the SEC to \x9cbring crypto into line,\x9d a Bloomberg editorial piece has argued.

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  Posted by u/ one year ago

Persistent macro headwinds could delay Bitcoin bull market ? ARK Invest

Several macroeconomic indicators suggest that bearish headwinds could strengthen during the remainder of 2023 and possibly negatively impact the crypto market.

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  Posted by u/ one year ago

New Report: Crypto's Rich List Boasts 22 Billionaires and 88,000 of Millionaires

The world of cryptocurrency, with a total market value exceeding $1 trillion, has produced 22 billionaires and 88,000 millionaires.

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  Posted by u/ one year ago

Today in Crypto: 80 Massive Crypto Influencers Removed From Weibo, IMF and FSB Jointly Publish Crypto Policy Recommendations, DFINITY Foundation Partners with Lugano

Get your daily, bite-sized digest of cryptoasset and blockchain-related news.

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  Posted by u/ one year ago

FASB Passes Long-Awaited Fair Value Accounting For Crypto

Starting in 2025, companies holding crypto can record their unrealized gains in their quarterly statements, alongside their losses.

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  Posted by u/ one year ago

Joint IMF and FSB Report Warns Against Total Crypto Bans

A joint policy roadmap released by theÂ\xa0Financial Stability Board (FSB)Â\xa0and theÂ\xa0International Monetary Fund (IMF)Â\xa0has cautioned against outright bans on cryptocurrencies.

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  Posted by u/ one year ago

Chainlink Sharks Accumulate $9.6M Worth of LINK in 3 days: Data

Currently, 3,127 Chainlink sharks are fueling demand for the crypto asset.

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  Posted by u/ one year ago

Fourth FTX Executive Pleads Guilty In FTX Fraud Case

Ryan Salame has agreed to forfeit over $1.5 billion in assets after confessing to campaign finance violations.

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  Posted by u/ one year ago

Celsius Network Files ?Adversary Complaint? Against EquitiesFirst to Recoup Assets

Celsius Network reportedly owes $4.7 billion to over 100,000 creditors.

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  Posted by u/ one year ago

China Looks to Make ASEAN Digital Yuan Move \x93 CBDC 'Breakthrough' Imminent?

China is planning to showcase its digital yuan to the ASEAN nations, and could seek to make \x9ccross-regional use\x9d of its currency in the bloc.

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  Posted by u/ one year ago

Bitcoin volatility increases but remains far off historic levels

Key Takeaways The last two weeks have seen increased volatility in the crypto markets Bitcoin fell from $29,000 to $26,000 two weeks ago before bouncing back briefly, only to fall again Thin liquidity means the market is ripe for big moves, but trading volume remains suppressed The future should see a return to the volatility […]

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  Posted by u/ one year ago

Korean game developer Neowiz plans to build games on the Avalanche

Neowiz is a publicly traded Korean game publisher. The game publisher will build the games using its Web3 arm called IntellaX. Avalanche is attracting quite a number of blockchain projects including AllianceBlock’s Arkefi. Neowiz, a publicly traded Korean game publisher, announced on Thursday that its Web3 division, IntellaX, will create games on the Avalanche blockchain. […]

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  Posted by u/ one year ago

US Treasury Department and the IRS propose crypto regulations for brokers

The regulations will start being implemented on or after January 1, 2026. The regulations require US-based brokers to file information returns with the IRS using the new Form 1099-DA. The brokers will also be required to provide payee statements to customers. The US Department of the Treasury and the Internal Revenue Service (IRS) have published […]

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  Posted by u/ one year ago

Casa Wallet rolls out new functionality for recently launched ETH vault

Casa added a multi-signature Ethereum self-custody vault to its initial BTC custody offering in June 2023. However, the Casa Relay responsible for communication between the ETH vaults and the Ethereum blockchain did not offer privacy. Casa has introduced a new relay service called ETH pay wallet to ensure more privacy. The recently released Ether (ETH) […]

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  Posted by u/ one year ago

ETF season continues as Ether application lodged while markets plod along

Key Takeaways The crypto market has seen increased volatility off the back of ETF developments in the last couple of weeks Grayscale secured a positive ruling in its case against the SEC regarding its ETF application Markets subsequently fell as the regulator pushed out the approval date of all ETF applications Cathie Wood’s ARK Invest […]

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  Posted by u/ one year ago

Riot, MARA, Argo Blockchain stocks at risk as BTC forms death cross

Bitcoin mining stocks have dropped sharply from their highest levels this year. Bitcoin price is about to form a death cross pattern on the daily chart. The US dollar index is forming a golden cross pattern. Riot Platforms and Marathon Digital stock price remained under pressure as Bitcoin and other cryptocurrencies retreated. The RIOT shares were […]

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  Posted by u/ one year ago

Bumper?s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023

London, United Kingdom, September 7th, 2023, Chainwire Bumper, a decentralised finance (DeFi) protocol, today launched its crypto options killer. The equation that underpins the protocol, promises jaw-dropping improvements over traditional Black-Scholes option desks, undercutting the market leader Deribit, by an average of 30% and set to disrupt a $13 trillion market. Bumper’s innovation is the […]

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  Posted by u/ one year ago

Ledger partners with HAYVN to bring secure off-ramping to customers

Ledger has partnered with regulated crypto network HAYVN to bring a robust off-ramping service to customers. The partnership will benefit Ledger Live users, who will safely convert their crypto to fiat. Among HAYVN clients are businesses, corporates, governments, family offices, and Individuals. Crypto hardware maker Ledger has teamed up with HAYVN, a regulated financial institution […]

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  Posted by u/ one year ago

NFT Collector: Creative AI art, Tomorrowland sells tomorrow?s future 

AI art is gaining acceptance while Squiggles inch closer to the finish line.

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  Posted by u/ one year ago

Publicly Traded Korean Firm Neowiz To Build Games on Avalanche Network

Intella X, Neowiz?s Web3 arm, has joined Avalanche Arcad3 to build blockchain games in the crazed market.

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  Posted by u/ one year ago

$500B Korean Asset Manager Mirae Taps Polygon Labs in Securities Tokenization Drive

Mirae Asset Management teams up with Ethereum scaling solution Polygon Labs to develop a tokenized securities network and accelerate adopt of Web3 technologies.

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  Posted by u/ one year ago

Depressed Crypto Markets, Regulatory Risks Fail to Dissuade Asset Managers From Investing

Almost half the 60 buy-side professionals surveyed from U.S. and Europe-based asset managers and hedge funds said they're actively managing digital assets.

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  Posted by u/ one year ago

Blanket Crypto Bans Won?t Work, IMF and FSB Warn in Joint Paper

The global standard-setters instead suggest targeted restrictions when necessary, and urges jurisdictions to strengthen monetary policy frameworks.

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  Posted by u/ one year ago

Crypto Spot Market August Trading Volume Hits 4.5-Year Low as Volatility Fails to Spur Activity

Volatility following the Grayscale's court victory over the SEC failed to translate into trading volumes on centralized exchanges, CCData said.

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  Posted by u/ one year ago

Pantera Capital Leads $16.5M Investment in ZK-Powered DEX Brine Fi at $100M Valuation

The investment happens at a time when crypto venture capital has mostly dried up and trading volumes plummeted.

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  Posted by u/ one year ago

Blockchain and AI Are Set to Transform Financial Markets: Moody's

Incorporating AI and DLT into business models may require "substantial investment" at first ? but could help lower expenses and improve market liquidity over time, a new report said.

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  Posted by u/ one year ago

Find Who?s Responsible for DeFi Projects and Regulate Them, Global Securities Body Says

Iosco worries decentralized financial applications could harm investors and markets ? and casts doubt on their main premise

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  Posted by u/ one year ago

First Mover Americas: Crypto Trading Volume Hits 4-Year Low

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 7, 2023. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ one year ago

Tokenization Advocacy Group Wants to Bring the 'Next Trillion' of Assets to Blockchain

Founding members such as Coinbase, Circle and Aave Companies aim to foster the use of blockchain technology for traditional assets.

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  Posted by u/ one year ago

Former FTX Executive Ryan Salame Will Plead Guilty to Charges: Bloomberg

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  Posted by u/ one year ago

Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base

OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base.

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  Posted by u/ one year ago

Crypto Exchange Kraken's UK Derivatives Unit Looking to Expands Its Service: Bloomberg

The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November.

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