Business Financial News

17.03 / 08:43

business cryptocurrency Trump family in talks for stake in crypto firm Binance: WSJ

Donald Trump's family have held discussions to acquire a financial stake in the US arm of cryptocurrency exchange Binance, while the company's founder seeks a presidential pardon, according to a Wall Street Journal report on Thursday. Binance founder Changpeng Zhao, who served four months in prison after pleading guilty to violating anti-money-laundering requirements, has been pushing for clemency from the Trump administration.

07.02 / 07:59

business cryptocurrency Capital Revenue accounting index rebranding Strategy reports fourth straight quarterly loss, deepens bitcoin focus with rebranding

cryptocurrency. The Tysons Corner, Virginia-based company booked impairment losses from digital assets of $1.01 billion in the quarter, compared with $39.2 million a year ago.

12.07 / 20:49

business Bank asset Capital India-based crypto exchange Coin DCX acquires Dubai's BitOasis

The firms did not disclose the transaction value, but BitOasis said in a separate statement that CoinDCX, which had already acquired a stake in the business last year, now owns the full share capital of the Dubai-based company.

10.05 / 16:17

business Binance Money laundering Prison Canada fines Binance $4.38 mln for money laundering violations

Canada's anti-money laundering agency on Thursday said it had imposed a nearly C$6 million ($4.38 million) fine on cryptocurrency exchange Binance for violating the money laundering and terrorist financing laws. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said Binance had failed to register as a foreign money services business with the intelligence body despite several deadlines.

15.03 / 08:57

markets business interest rate risk shares Capital Revenue MicroStrategy issues second convertible debt this month to buy more bitcoin

capital through convertible bonds offering for the second time in less than 10 days to further increase its exposure to booming bitcoin. The software firm said after markets closed on Wednesday that it was offering $500 million in convertible notes due in 2031 to institutional investors. The company had announced a $600 million private offering in convertible notes on March 5.

15.01 / 11:53

business economics UK growth Unemployment Demand for UK labour hits lowest level in a decade

Despite pay growth slowing down, the labour market is expected to unwind further with unemployment rising and vacancies decreasing over the year ahead.

11.12 / 07:43

business cryptocurrency Adoption regulation banking BitGo Segregation of Exchanges, Market Makers and Custodians Necessary for Crypto Businesses to Thrive

The cryptocurrency sector may be advancing, yet industry experts are becoming aware that exchanges, market makers and custodians must act as separate entities in order for businesses to succeed. While it’s common to keep financial actors separated within traditional finance, this concept has often gone overlooked within the cryptocurrency industry.

30.11 / 09:34

business regulation investment platform Crypto investment platform Fasset granted operational license in Dubai

Digital asset investment platform Fasset was granted an operational license on Nov. 29, according to a listing on the Dubai Virtual Asset Regulatory Authority (VARA) website.

30.11 / 09:34

business CBDC Adoption Report Digital Canadian dollar fails to impress despite high awareness

A recent public consultation on Canada’s central bank digital currency (CBDC) initiative revealed an overall negative sentiment from Canadians, confirming the Bank of Canada’s concerns around its country-wide adoption.

30.11 / 09:34

business Robinhood stocks Robinhood to roll out US stock trading in British market

In another attempt to expand its business internationally, online trading platform Robinhood has announced plans to launch its stock exchange application in the United Kingdom.

30.11 / 04:51

business Twitter elon Elon Musk tells advertisers trying to 'blackmail' X — ‘Go fuck yourself’

Billionaire entrepreneur Elon Musk is making the headlines again, this time for an expletive-laden outburst on live TV at an annual conference hosted by The New York Times.

30.11 / 04:51

business ChatGPT OpenAI 12 days of unemployment later, Sam Altman is officially back at OpenAI

Sam Altman, one of the founders of OpenAI, has officially returned to office as the firm’s CEO, ending a whirlwind few weeks caused by his abrupt and unexpected temporary departure.

30.11 / 02:25

business Altcoin Grayscale FTX Bankruptcy Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay creditors impacted by the exchange’s collapse in 2022, according to a Nov. 29 filing in a Delaware bankruptcy court.

30.11 / 00:51

business Adoption Altcoin Gaming data Blockchain Game Over 75% of Web3 games ‘failed’ in last five years: CoinGecko

More than three-quarters of all blockchain games launched in the last five years are dead in the water, according to a recent study from CoinGecko.

30.11 / 00:51

business SEC Bitcoin Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model

Swiss asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin (BTC) exchange-traded fund (ETF) race in the United States.

29.11 / 22:23

business Stablecoin Binance Dollar Support end Binance will end support for BUSD stablecoin in December

Major cryptocurrency exchange Binance announced it will cease support for all Binance USD (BUSD) products starting on Dec. 15 following Paxos halting the minting of new coins.

29.11 / 19:47

business Blockchain Tokens Digital Asset copper Former British Chancellor's crypto firm Copper launches tokenized securities platform

London-based crypto trading firm Copper plans to start offering tokenized securities early next year, according to reports on Nov. 29. Under the leadership of former British Chancellor Phillip Hammond, the company expects to capitalize on institutional investors' demand.

29.11 / 16:47

business Blockchain Investments services SoFi Technologies to cease crypto services by Dec. 19

United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19.

29.11 / 14:45

business Blockchain Adoption defi Funding Venture Capital Terra Luna valuation Wormhole raises $225M at $2.5B valuation

Cross-chain protocol Wormhole has secured a $225 million investment at a valuation of $2.5 billion.

29.11 / 14:31

business hacks Poloniex Bitcoin Poloniex prepares to resume withdrawals after $100M hack

Cryptocurrency exchange Poloniex is preparing to resume withdrawals and deposits after suffering a $100 million hack on Nov. 10.

29.11 / 14:07

business Stablecoin Europe Entertainment fees Bitcoin Today in Crypto: Toniq Launches ‘First Ordinals-Specific NFT Marketplace Built on Bitcoin L2’, Neobank Brighty Reveals European B2B Platform Brighty Business

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