Business Financial News

08.11 / 03:15

business IPO Stablecoin Adoption Circle Bloomberg Usd Coin 2024 Stablecoin issuer Circle weighing up 2024 public launch: Report

USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg.

08.11 / 02:19

business Adoption ETF Financial Services Bitcoin Ex-Cantor execs launch crypto lending platform in expectation of Bitcoin ETFs

A new crypto-lending platform dubbed Tokenet says it will service what it expects to be an influx of institutional clients following the potential United States approval of spot Bitcoin (BTC) exchange traded fund (ETF).

08.11 / 02:19

business Adoption Mining stocks shares Bitcoin Stock Investment Riot Marathon Marathon, Riot among most overvalued Bitcoin mining stocks: Report

Bitcoin (BTC) mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, says MinerMetrics founder and analyst Jaran Mellerud.

07.11 / 23:45

business Blockchain Stablecoin FTX Wintermute claims NEAR backed out of $11M stablecoin redemption deal

The NEAR Foundation and Aurora allegedly reneged on an offer to convert $11 million worth of USN stablecoins, Wintermute founder and CEO Evgeny Gaevoy has claimed.

07.11 / 19:51

business Blockchain Web3 Funding Startups Vietnamese Web3 coalition Ninety Eight launches $25M ecosystem fund

Vietnamese Web3 coalition Ninety Eight, creator of the Coin98 decentralized finance (DeFi) ecosystem, has launched a $25 million ecosystem fund dedicated to accelerating Web3 startups in Asia.

07.11 / 19:51

business Technology Funding IBM generative AI IBM launches $500M fund to develop generative AI for enterprise

IBM announced the launch of a $500 million Enterprise AI Venture Fund on Nov. 7 that, according to the company, will be focused on “accelerating generative AI technology and research for the enterprise.”

07.11 / 11:09

business Blockchain regulation Bitcoin Regulation vice chair VARA demonstrates how regulators, market can work in tandem: VARA Vice Chair

The Virtual Assets Regulatory Authority [VARA] is one of the earliest world regulatory bodies to release comprehensive crypto assets regulations to promote crypto-related activities in Dubai. Established in March 2022, VARA was created to promote the Emirate as a regional and international hub for virtual assets and related services.

07.11 / 08:29

business Meta Elections ad generative AI Meta bans usage of generative AI ad creation tools for political advertisers

Meta, the parent company of Facebook and Instagram, is not allowing political campaigns and advertisers to use its generative artificial intelligence (AI) advertising tools, a company spokesperson said in a Reuters exclusive report.

07.11 / 06:43

business Adoption NFT Opensea Nifty News: The Simpsons roast NFTs, Yuga Labs exec departs after anti-semitic tweets and more

Animated television series The Simpsons spent an entire segment mocking nonfungible tokens (NFTs) during the latest 34th annual Treehouse of Horror Halloween special, in a segment called “Wild Barts Can’t Be Token.”

07.11 / 04:11

business Blockchain Altcoin marketing avalanche Job Opensea Ava Labs Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion

Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate its resources.

07.11 / 02:27

business Law regulation SEC US lawmaker proposes to cut SEC chair Gary Gensler’s salary to $1

A United States lawmaker wants to strip the Securities and Exchange Commission chair Gary Gensler of his salary by paying him just $1 per year.

07.11 / 00:47

business Stablecoin Analysis Decentralization moody’s Moody’s unveils service that uses AI to predict stablecoin depeggings

Moody’s Analytics is launching a new stablecoin service that will use AI to predict probable depeggings “in a 24-hour time horizon” while providing real-time insights about stablecoin issuers’ liquidity and stability.

06.11 / 17:17

business Blockchain Binance Binance's spot trading market share falls to 40% in 2023: Report

Crypto exchange Binance's market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago.

06.11 / 14:17

business wallet Telegram privacy Bitcoin Self Custody Telegram Wallet avoided self-custody to ease crypto onboarding, COO says

Telegram Wallet, a major Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has chosen custody over self-custody to chase easier onboarding goals, according to a senior executive.

06.11 / 13:41

business event Blockchain Tokens Yuga Labs addresses Apefest ‘vision damage’ issue; community calls out poor management

Several attendees of Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong reported eye-related issues, including burns, damaged vision and “extreme pain” in their eyes.

06.11 / 12:23

business Adoption Metaverse Financial Services Financial Systems services Financial Mauritius mulls wrapping metaverse into financial services

The Financial Services Commission (FSC) of Mauritius started collecting feedback from industry stakeholders and the general public regarding the inclusion of metaverse within the financial services industry.

06.11 / 12:23

business Blockchain Health Research Medicine How blockchain, AI can help research into extending human life

Blockchain and artificial intelligence (AI) have long been paired to change how people view identity and verification. Between those innovations come data, described by experts as the new oil — extracted, amassed, refined, processed and turned into something useful.

06.11 / 10:43

business Adoption Web3 Metaverse Dubai Metaverse projects failed on lack of correct business model: MetaMinds CEO

The metaverse may no longer have mainstream appeal to some global tech leaders compared to two years ago. However, weaknesses in the testing of the various investments and initiatives in the emerging technology may have resulted in some of them failing.

06.11 / 10:11

business Blockchain Technology UK government stock exchange London London Stock Exchange seeks digital assets director

The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it's seeking a director of digital assets.

06.11 / 10:09

business regulation Grayscale FTX Bitcoin Price FTX seeks sale of Grayscale and Bitwise assets worth $744M

Bankrupt crypto exchange FTX has requested the bankruptcy court in Delaware allow it to sell certain key trust fund assets, including from crypto asset manager Grayscale Investments and custody service provider Bitwise, valued at around $744 million.

06.11 / 06:20

business Blockchain Gaming Bitcoin Blockchain Game Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu

Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange traded fund (ETF) isn’t just driving up the price of Bitcoin — it's also sparked a resurgence of enthusiasm for blockchain games, says Animoca Brands founder Yat Siu.

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