Business Financial News

26.03 / 10:39

business regulation Court LUNC Terraform Labs Terra Do Kwon to reportedly appeal against court’s decision to extend detention

Following his arrest in Montenegro while attempting to fly using fake documents, Terraform Labs co-founder Do Kwon will reportedly appeal the court’s decision to extend detention time for up to 30 days.

26.03 / 07:07

business Adoption applications Asia services Fujitsu interested in crypto trading services: trademark application

Japanese tech giant Fujitsu filed a trademark application with the United States Patent and Trademark Office (USPTO), revealing its intent to offer brokerage services for cryptocurrency trading, among other crypto and non-crypto financial facilities.

25.03 / 21:53

business Mining Latin America Petro Venezuela shuts down crypto mining facilities, exchanges amid corruption probe

Venezuela's energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of the national crypto department and ongoing corruption investigations involving the country's oil company.

25.03 / 20:05

business regulation Banks Federal Reserve Central Bank Custodia Bank's membership denied for ties with crypto markets, says US Fed

The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank's application for membership in January, including the bank's involvement in the crypto space.

25.03 / 15:35

business Government Blockchain Technology Law Adoption Bitcoin What is fiscal policy, and why does it matter?

Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how it works, and why it is important.

25.03 / 09:29

business regulation SEC coinbase European Union us government 'US has left a vacuum that other countries are eager to fill': Coinbase

With Coinbase seemingly on the verge of a court battle with the Securities and Exchange Commission (SEC), the firm has emphasized that the U.S. government’s hawkish approach to crypto regulation has “left a vacuum that other countries are eager to fill.’

25.03 / 09:29

business Gaming Funding Metaverse stocks Blockchain Game Drop reports valuation Animoca denies reports of $200M cut to Metaverse fund and valuation drop to $2B

Venture capital firm and Web3 game developer Animoca Brands has refuted claims that it scaled back its Metaverse fund target by $200 million, or 20% to $800 million amid volatility in the crypto market and instability in the banking sector.

25.03 / 00:57

business Web3 Funding Metaverse GameFi Blockchain Game Animoca Brands cuts metaverse fund target to $800M: Report

Hong Kong-based Animoca Brands, a developer of blockchain gaming technology, has reportedly cut its target for its metaverse fund by a further 20% to $800 million, Reuters reported citing sources familiar with the matter.

25.03 / 00:57

business MasterCard MetaMask Bitcoin Bitcoin climbs network Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs

Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region, allowing users to spend USDC through its network. It’s happening, folks!

24.03 / 23:53

business banking Digital Asset Management Bitcoin German dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform

Deutsche WertpapierService Bank (dwpbank), which offers securities processing to around 1,200 banks in Germany, is creating a new platform, wpNex, that will offer Bitcoin (BTC) to all of its affiliates’ retail customers in the second half of this year.

24.03 / 23:17

business Stablecoin defi Altcoin Minting MakerDAO votes to keep USDC as primary collateral, rejects 'diversification' plan

MakerDAO, the decentralized autonomous organization (DAO) that governs the DAI stablecoin, has voted overwhelmingly to keep USD Coin (USDC) as the primary collateral for DAI. An alternative proposal to “diversify” collateral into Gemini U.S. Dollar (GUSD) and U.S. Dollar Paxos (USDP) has been rejected in a 20% to 79% vote, according to the proposal’s official page.

24.03 / 22:17

business Europe Banks Deutsche Bank Weekend European banks head into another weekend of uncertainty as default risks surge

European banks are going into the weekend with renewed fears surrounding their future, as shares of Deutsche Bank plunged over 7% on the New York Stock Exchange on March 24, after a down day on Frankfurt's markets.

24.03 / 20:21

business Venture Capital consequences bail Venture capitalists bail on Zipmex bailout, company warns of consequences: Report

Cryptocurrency exchange Zipmex has reportedly not received the latest payment under its buyout agreement with venture capital firm V Venture. The exchange has sent a letter to the firm warning that it will have to begin liquidating one of its units without that money.

24.03 / 20:21

business Technology Investments NASDAQ services end Nasdaq to launch crypto custody services by end of Q2: Report

Global securities marketplace Nasdaq Inc. is gearing up to launch its custody services for digital assets by the end of the second quarter of this year, according to Bloomberg.

24.03 / 18:17

business Blockchain Technology Adoption Science robotics Bitcoin 7 advanced humanoid robots in the world

Humanoid robots are advanced robots that are designed to look and move like humans. They are often equipped with sensors and cameras that allow them to recognize human faces and emotions, respond to voice commands and carry out conversations. Humanoid robots can be programmed to perform a wide range of tasks, such as assisting humans in daily activities, working in manufacturing plants, providing healthcare services, and performing search and rescue operations in hazardous environments.

24.03 / 16:49

business Binance regulation security investigation KYC Binance launches internal investigation following KYC bypass rumors

A recent article surfaced alleging that Binance employees and volunteers were assisting Chinese users on how to bypass Know Your Customer (KYC) and other security protocols.

24.03 / 16:49

business Blockchain defi Uniswap SushiSwap zk-Rollup zkSync zkEVM zkSync Era launches with Uniswap and Sushi — First zkEVM on mainnet

Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker and Curve, are set to launch March 24 on zero-knowledge proof roll-up zkSync Era.

24.03 / 15:25

business Binance Trading spot trading Binance spot trading halted due to issue on trailing stop orders

Crypto exchange Binance has encountered major issues with spot trading on the platform.

24.03 / 13:49

business Binance regulation security KYC Customers Binance employees allegedly help customers in China bypass KYC controls

Binance, the world’s largest cryptocurrency exchange, has made significant efforts to be a leader in transparency in the industry since the FTX scandal. However, a new report claims that Binance insiders are allegedly helping users bypass security protocols.

24.03 / 13:11

business Stablecoin Tether Usd Coin Bitcoin reserves USDT issuer Tether has up to $1.7B in excess reserves, CTO says

Cryptocurrency firm Tether, which issues the stablecoin USDT (USDT), expects to make a $700 million profit in the first quarter of 2023, matching the profits of the last quarter of 2022, Tether chief technology officer Paolo Ardoino told Cointelegraph at Paris Blockchain Week 2023.

24.03 / 09:17

business ETF SEC coinbase Ark Kraken Cathie Wood's ARK loading up on Coinbase shares again, buying $18M

Cathie Wood’s Investment Management firm Ark Invest has gone back to buying Coinbase shares again, just a day after the COIN’s stock price dipped amid news of its Wells notice.

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