Business Financial News

21.03 / 13:07

business Value inflation HODL Hyperinflation Bitcoin Bitcoin Price Holding Bitcoin: A profitable affair 88.5% of days

Of the 4,593 days of Bitcoin’s existence as a tradable asset, BTC hodlers experienced 4,065 profitable days — challenging the historical narrative of depreciating volatility in crypto. As a result, holding Bitcoin (BTC) is provably profitable in the long run.

21.03 / 11:59

business Adoption wallet MetaMask Self Custody MetaMask enables direct crypto purchases in Nigeria

Self-custody cryptocurrency purchases are becoming easier in Nigeria as major crypto wallet MetaMask expands direct onramps with local banks.

21.03 / 09:45

business Blockchain Mainstream Wyre SpankPay crypto payment service shutters, citing 'hostile banking environment

Ethereum-based adult entertainment platform SpankChain is shuttering its crypto payment processor, SpankPay, after losing its payment service provider Wyre in February and failing to find a new one.

21.03 / 08:51

business Mining Court Bankruptcy Core Scientific to transfer $20M of equipment to settle bankruptcy dispute

A $20 million settlement between Bitcoin (BTC) miner Core Scientific and its energy negotiator Priority Power Management has been approved by the judge in Core Scientific’s bankruptcy proceedings.

21.03 / 08:51

business regulation Altcoin crimes Court Media bail Customer Crypto.com customer accused of $10M spending spree granted bail

The Crypto.com customer who was accidentally sent $10.4 million from the exchange in 2021 and then allegedly went on a spending spree has been granted bail despite $3.1 million funds still unaccounted for.

21.03 / 05:31

business defi Tokens Airdrop Decentralized Finance Fork DefiLlama resolves internal strife, sends LLAMA token plans alpaca'n

Decentralized finance (Defi) analytics platform DefiLlama appears to have resolved the internal conflict within its team that had earlier threatened a “forking” of the platform.

21.03 / 04:41

business defi Hackers hacks Altcoin Smart Contracts Euler Finance to enter talks with exploiter over the return of funds

Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the exploiter.

21.03 / 02:35

business Stablecoin Adoption MasterCard Usd Coin Mastercard to settle transactions for stablecoin wallet in APAC

Global payment provider Mastercard is launching a stablecoin digital wallet integration with the Australian stablecoin platform Stables.

21.03 / 01:13

business Blockchain Technology Web3 Decentralization Dapps zk-Rollup network manta Manta Network seeks to bring privacy to non-fungible crypto assets with new NPO platform

Zk layer 1 blockchain Manta Network announced on March 20 that it has added support for assets including Non-Fungible Tokens (NFTs) and Soul Bound Token (SBTs) to its protocol. The MantaPay protocol, which initially supported only fungible crypto assets, promises to now allow for privacy-preservation support for NFTs and SBTs through the use of Manta Network’s ZK technology. ZK technology is a privacy-focused technology that uses Zero-Knowledge proofs (ZK proofs) to enable fully private transactions on decentralized finance (DeFi) platforms.

21.03 / 00:03

business Payments coinbase Banks Signature Bank Support Coinbase pauses support for Signature Bank's Signet: Report

More than a week after New York regulators closed the crypto-friendly Signature Bank, Coinbase has reportedly stopped support for the institution’s Signet payment platform.

20.03 / 20:15

business Blockchain hacks GameFi project Gala files $28M lawsuit against pNetwork

On Mar. 20, GameFi project Gala Games announced it had recently filed a lawsuit against pNetwork, the cross-chain interoperability bridge used by Gala on the BNB Smart Chain. Last November, Gala Games was exploited after an unauthorized wallet address minted over $2 billion in GALA and dumped the tokens on PancakeSwap, draining $4.5 million from the liquidity pool and causing a substantial plunge in GALA's token price.

20.03 / 17:59

business Technology Adoption virtual reality Science Tech Top 7 virtual reality movies to add to your watchlist

Virtual Reality (VR) movies add a new dimension to entertainment by immersing viewers in a fully-realized three-dimensional environment. The immersive experience can transport viewers to new and exciting worlds, allowing them to fully explore and interact with their surroundings. This adds interactivity and engagement that classic movies cannot match.

20.03 / 17:05

business Blockchain OKX to cease operations in Canada by June 22 2023

On Mar. 20, cryptocurrency exchange OKX informed Canadian users via email the firm "will no longer provide services or allow users to open new accounts in Canada starting on Mar. 24, 2023, 12:00 AM EST," citing "new regulations." According to OKX, existing Canadian customers must close open positions in options, margins, perpetual, and futures by June 22, 2023. Fiat or tokens must also be withdrawn by the said date.

20.03 / 16:53

business Banks banking Silicon Valley Bankruptcy Bitcoin Bitcoin Price Rattled crypto industry could emerge stronger after USDC depeg

USD Coin (USDC), the world’s second-largest stablecoin, may simply have been in the wrong place at the wrong time.

20.03 / 16:25

business Law Banks banking Silicon Valley Bitcoin Silicon Valley Bank’s downfall has many causes, but crypto isn’t one

Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies.

20.03 / 11:01

business Payments regulation Banks Loans Australian Australian Banking Association’s cost of living inquiry reveals bank pressure

The trade association for the Australian banking industry — Australian Banking Association (ABA) — launched a cost of living inquiry to closely study the impact of the COVID-19 pandemic, global supply chain constraints and geopolitical tensions, among others, on Australians.

20.03 / 08:01

business Blockchain Hackers hacks Cybersecurity Bitcoin ATM maker shuts cloud service after user hot wallets compromised

Bitcoin ATM manufacturer General Bytes has shuttered its cloud services after discovering a “security vulnerability” that allowed an attacker to access users' hot wallets and gain sensitive information, such as passwords and private keys.

20.03 / 08:01

business regulation us government Banks Federal Reserve Press Release NOT FDIC sells Signature Bank deposits to Flagstar, crypto not included

Only a week after its collapse, Signature Bank’s deposits and loans are set to be sold to Flagstar Bank, a subsidiary of New York Community Bancorp — crypto-related deposits however, will not be part of the deal.

20.03 / 05:15

business Europe Banks Federal Reserve Central Bank Bank of England Bitcoin Fed, central banks enhance ‘swap lines’ to combat banking crisis

The United States Federal Reserve has announced a coordinated effort with five other central banks aimed at keeping the U.S. dollar flowing amid a series of banking blowups in the U.S. and in Europe.

19.03 / 23:49

business Europe Banks UBS Credit Suisse acquires UBS Group doubles offer and acquires Credit Suisse for $2B

UBS Group doubled its initial offer and agreed to buy its competitor Credit Suisse for nearly $2 billion on March 19, in a historical deal for the two biggest banks in Switzerland, the Financial Times reported.

19.03 / 21:03

business Blockchain defi Fork DefiLlama forked as internal dispute unfolds

A dispute has taken place within the decentralized finance (DeFi) analytics dashboard DefiLlama, leading the platform to be forked by one of its employees over the weekend.

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