Business Financial News
06.11 / 02:13
business
Adoption
Mining
cryptocurrency investment
Bankruptcy
Bitcoin
Luxor refutes claims its Bitcoin hashrate-backed product is BlockFi, Celsius 2.0
An upcoming Bitcoin (BTC) hashrate-backed product that could offer 10% to 13% returns shouldn’t be compared to failed products by BlockFi or Celsius as its returns come from proof-of-work, not “ponzi schemes,” claims the product’s creator Bitcoin mining firm Luxor Technology.
06.11 / 02:13
business
Art
NFT
festival
ApeFest attendees report ‘extreme pain’ and vision problems after event
Attendees of a Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong have reported burns, damaged vision and “extreme pain” in their eyes, which they attribute to the use of improper lighting.
05.11 / 23:23
business
Blockchain
Ethereum
defi
wallet
Health
Grab
VC Roundup: private accounts, tokenization, and healthcare infrastructure grab investors’ attention
Blockchain-based startups continue to gather funding during the current bear market, with MetaMask partner Blockaid raising $33 million in October. However, the overall funding in the crypto industry has dropped to levels last seen in 2020, amassing $2.1 billion over 297 deals in the third quarter of 2023, as reported by Messari. As is often the case during bear markets, investors are taking a closer look at projects before investing and apparently seeking tangible real-world applications.
05.11 / 07:07
05.11 / 04:29
business
Microsoft
wallet
security
Scams
phishing
Bitcoin
Fake Ledger Live app sneaks into Microsoft's app store, $588K stolen
Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT.
05.11 / 01:09
business
Bitfinex
Cybersecurity
security
phishing
email
phishing attack
fall
Bitfinex users fall for ‘minor’ phishing attack after employee gets hacked
Cryptocurrency exchange Bitfinex said it suffered a “minor” information security incident after one of its customer support agents was hacked earlier in the week (Oct. 30 — Nov. 5).
04.11 / 19:13
business
Blockchain
Technology
Tokens
Bloomberg
Smart Contracts
DLT
analyst
Blockchain adoption continues unabated — Bloomberg analyst
Should the current rate of adoption continue, blockchain technology could have 100 million daily users by 2028, according to projections by Bloomberg Intelligence analyst Jamie Coutts.
04.11 / 16:23
business
Twitter
ETF
CME
Circle
Worldcoin
Crypto Biz: Value of X halves, CME rises among top Bitcoin futures exchanges, and other news
The crypto industry continues to anticipate the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States as more investment managers file amended applications with the Securities and Exchange Commission (SEC).
04.11 / 11:25
business
Law
coinbase
Tokens
Coinbase user agreement dispute reaches US Supreme Court
The United States Supreme Court has taken up a legal dispute concerning Coinbase and its users, specifically addressing a significant procedural matter on whether a judge or an arbitrator should decide which contract governs disputes.
04.11 / 02:25
business
Banks
Federal Reserve
Central Bank
Bank of America
Wells Fargo
Customers
Bug in Fed’s payment system prevents bank customers from getting paid
Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an outage on Nov. 3.
03.11 / 20:15
business
FTX
FBI
advisers
FTX advisers sharing customers’ data with FBI: Report
Advisers for bankrupt crypto exchange FTX have been disclosing data from customers’ transactions and accounts with the Federal Bureau of Investigation (FBI), according to court documents seen by Bloomberg.
03.11 / 19:33
business
Bitmain
English school turned BTC miner in China expands capacity with 220 new units
China-based BTC Digital announced the purchase of 220 new Bitcoin (BTC) mining units on Nov. 3, bringing its total number of machines to 2,174, with over 230PH/s of computing power. The new acquisitions are expected to become operational by the end of the month.
03.11 / 19:33
business
Opinion
FTX
Could regulation have prevented Sam Bankman-Fried’s criminal verdict?
Former FTX CEO Sam Bankman-Fried was found guilty of all seven counts of fraud and conspiracy to commit fraud in the late hours of Nov. 2. The jury delivered its verdict in less than 10 minutes after nearly four hours of deliberation, leaving his parents to fall silent in the crowded courtroom at the Southern District Court of New York.
03.11 / 14:41
business
Technology
Adoption
Payments
Trading
Web3
Decentralization
Help or hindrance: Is Web3 really improving mainstream industry and products?
Web3 has been gaining ground in mainstream industries with the rise of Web3 business models based around nonfungible tokens (NFTs), blockchain technology and crypto. But it’s still an open question whether it’s actually improving mainstream industry and products.
03.11 / 14:41
business
Blockchain
Hackers
hacks
Apple
Software
Apple MacOS malware targets crypto community and engineers
A new malware discovered on Apple’s macOS — tied to the North Korean hacking group Lazarus — has reportedly targeted blockchain engineers of a cryptocurrency exchange platform.
03.11 / 07:39
03.11 / 07:39
business
Adoption
NFT
Metaverse
Individual creators will ultimately shape the metaverse: Sandbox founders
Individual creators and brands will ultimately determine the future of the metaverse as opposed to any centralized entity, according to the co-founders of The Sandbox.
03.11 / 00:31
business
FTX
Court
Trial
Breaking: Sam Bankman-Fried found guilty on all charges
Former FTX CEO Sam Bankman-Fried has been found guilty of all of the seven charges in his criminal trial by a jury in New York.
02.11 / 23:49
business
Adoption
Trading
coinbase
income
Q3
fall
Crypto trading volumes
Coinbase narrows loss while crypto trading volumes fall in Q3
Cryptocurrency exchange Coinbase narrowed its net loss to $2 million in the third quarter, as notched a year-on-year increase in revenue despite lower trading volumes.
02.11 / 22:17
business
Marathon
Marathon Digital will use landfill methane to mine Bitcoin in Utah pilot project
Marathon Digital has begun mining Bitcoin (BTC) using power generated from methane gas siphoned off a landfill. The 280-kW off-grid pilot project is operating in Utah.
02.11 / 20:37
business
Blockchain
regulation
FTX
Jury directions begin in Sam Bankman-Fried criminal trial
Closing arguments for the criminal trial of Sam Bankman Fried (SBF), the disgraced founder of crypto exchange FTX, have officially concluded with U.S. Southern District of New York Judge Lewis Kaplan moving to jury instructions.
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