Business Financial News

24.03 / 08:01

business Adoption e-commerce Internet ChatGPT can now access the internet with new OpenAI plugins

Artificial intelligence chatbot ChatGPT can now retrieve information from online sources and interact with third-party websites via a new plugin feature introduced by its creator, OpenAI.

24.03 / 06:47

business regulation SEC coinbase Bitcoin Regulation 'Surgical removal' of crypto will only weaken USD dominance, commentators say

The United States' crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase's recent Wells notice.

24.03 / 06:19

business regulation Marketplace Court Bankruptcy hedge fund 3AC co-founder can answer subpoena or 'take his chances' — US judge

Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, has been ordered to answer the subpoena issued to him in January or risk being held in contempt of court.

24.03 / 02:21

business regulation Altcoin Fraud us government Do Kwon faces fraud charges from US prosecutors hours after arrest

Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro.

23.03 / 22:03

business Banks Middle east Sygnum sees increased crypto firm inquiries after US banking giants collapse

Zurich-based digital asset bank Sygnum is seeing an influx in inquiries from international crypto firms looking for new banking partners following the recent collapses of crypto-friendly banking giants in the United States.

23.03 / 21:53

business Technology Adoption Science robotics Innovators 7 artificial intelligence examples in everyday life

Artificial intelligence (AI) is becoming increasingly important in our daily lives. AI can automate routine and time-consuming tasks, allowing us to focus on more important activities. In addition, AI algorithms can analyze vast amounts of data to personalize products, services and experiences. Moreover, AI is driving innovation in various industries, such as finance, retail and education.

23.03 / 20:29

business Payments stocks applications reports Hindenburg Research reports Block short position, claiming fraud facilitation and inflated metrics

A report following a two-year investigation from Hindenburg Research claimed digital payments company Block had “systematically taken advantage of the demographics it claims to be helping,” alleging the firm inflated its user metrics and facilitated fraud.

23.03 / 20:29

business regulation SEC coinbase Staking Algorand Coinbase and Algorand give divergent reasons for staking reward suspension

Algorand Foundation CEO Stacy Waden took to Twitter to confirm rumors about Coinbase's decision to discontinue Algorand (ALGO) staking rewards for retail customers. Coinbase and Algorand, however, cite different reasons for the move.

23.03 / 19:19

business Ethereum Banks Federal Reserve Market Update Bitcoin Banks and the Fed have a problem — What about crypto?

In this week’s episode of Market Talks, Cointelegraph welcomes Dave Weisberger, CEO and co-founder of CoinRoutes. Weisberger has over 35 years of experience in market structure, quantitative finance and trading automation. He started his career at Morgan Stanley where he built its first program and electronic trading systems. Weisberger is a strong economic freedom advocate and digital asset believer.

23.03 / 17:07

business regulation Tether Circle Usd Coin Banking turmoil pushes crypto to ‘no oversight,’ says Circle CEO

The ongoing crisis and uncertainty around the global banking system could push the cryptocurrency market into a more gray area in terms of regulation, Circle chief executive believes.

23.03 / 16:37

business Blockchain Terra Luna Terraform Labs Terra Breaking: Terraform Labs co-founder Do Kwon reportedly arrested in Montenegro

According to an unconfirmed post from Filip Adzic, minister of the interior of Montenegro, an individual suspected of being Terra Luna co-founder Do Kwon has been arrested within the territory of the Balkan nation on Mar. 23.

23.03 / 16:27

business CBDC Adoption Central Bank Deal The UAE central bank signs deal for CBDC strategy

The Central Bank of the UAE (CBUAE) is inching closer to fully launching its central bank digital currency (CBDC), the 'Digital Dirham', for domestic and cross-border payments.

23.03 / 13:19

business Kraken Banks Silvergate Bitcoin Withdrawals Kraken to suspend Plaid withdrawals and deposits via ACH Silvergate

Major cryptocurrency exchange Kraken is experiencing difficulties with the withdrawal and deposit channel related to the automated clearing house (ACH) via Silvergate.

23.03 / 09:49

business regulation SEC coinbase Kraken Court Coinbase CEO on its Wells Notice: SEC is like soccer referees in a game of pickleball

Brian Armstrong, the CEO and co-founder of crypto exchange Coinbase has compared the Securities and Exchange Commission (SEC) to “soccer refs” in a game of pickleball, criticizing U.S. regulators for not being able to “agree on the rules” of “this new game.”

23.03 / 09:49

business Blockchain Adoption regulation Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend

Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub.

23.03 / 05:51

business regulation us government Banks Federal Reserve Interest rates Bankruptcy 'How did this happen' — Powell says Fed stumped over the collapse of SVB

United States Federal Reserve chairman Jerome Powell has conceded that his regulator was blindsided by the sudden collapse of Silicon Valley Bank (SVB), despite it being under their watch.

23.03 / 05:33

business regulation Venture Capital FTX Court Bankruptcy Fried Backed FTX seeks to claw back $460M from Bankman-Fried-backed VC firm

Bankrupt crypto exchange FTX is seeking to recover $460 million of allegedly misappropriated customer funds from venture capital (VC) firm Modulo Capital, which received a sizeable investment from Alameda Research last year.

23.03 / 01:55

business Europe eToro Deal eToro raises $250M after terminating SPAC deal

Trading platform eToro has secured $250 million in funding at a $3.5 billion valuation, the company announced on March 21. The Israel-based firm raised capital for the first time since 2018 after failing to go public last year through a special purpose acquisition company (SPAC) merger.

23.03 / 01:55

business Blockchain Technology Stablecoin transactions swift Usd Coin Withdrawals Xapo Bank to enable USDC deposits and withdrawals

Bitcoin custodian and licensed private bank Xapo Bank has partnered with financial technology company Circle to integrate USD Coin (USDC) payment rails as an alternative to SWIFT. Payment rails refer to the infrastructure and technology used to facilitate the movement of funds between parties in a financial transaction. Payment rails come in many forms, including traditional bank wires, credit card networks, and blockchain-based platforms.

23.03 / 00:13

business Blockchain Web3 Metaverse Deloitte Deloitte dives into immersive experiences as more industries turn to Web3

Immersive experiences are already popular in the entertainment, gaming and fashion industries, but they can also be a tool to address various other corporate needs, like simulating manufacturing operations and training managers to have sensitive conversations.

23.03 / 00:13

business Government Blockchain Technology Digital Currency Web3 Decentralization lawmakers Influencer French lawmakers propose ban on crypto influencer promotions

French lawmakers have proposed a ban on the promotion of certain financial products and services by electronic means, including crypto assets, in order to protect consumers from potential risks.

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