Business Financial News

10.03 / 04:03

business Mining proof-of-work ASIC Bitcoin 'Bad batch' or flawed design? Compass Mining flags problems with new ASIC miners

Bitcoin mining company Compass Mining claims to have found “three issues” in the ASIC design of the two new Antminer S19 miners, units that are primarily used to mine Bitcoin (BTC).

10.03 / 01:25

business Asset management Blockchain.com suspends its asset management subsidiary launched in April: Report

Cryptocurrency financial services company Blockchain.com will suspend operations of its asset management subsidiary, according to a Bloomberg report published March 9. The service had existed less than a year and appears to be the latest casualty of the crypto winter.

10.03 / 00:49

business Adoption regulation Banks exit Crypto industry braces for impact with Silvergate exit

Silvergate is not a systematic risk for the United States banking system, but it could have a significant impact on the crypto markets, multiple sources told Cointelegraph. These may include increasing banking concentration in a few partners and challenges for venture capital firms seeking to establish banking relationships in the country.

09.03 / 23:27

markets business Blockchain Technology Web3 Decentralization Women Women in Web3 advocate for increased diversity in the ecosystem

Although the Web3 ecosystem is rapidly evolving, the industry still faces many challenges, one of which is its lack of diversity. The underrepresentation of women in the field remains a significant concern, as their involvement is indispensable in addressing some of the critical challenges in the sector.

09.03 / 18:33

business Blockchain regulation swift testing SWIFT moves to next phase of CBDC testing after positive results

According to a statement on Mar. 9, bank messaging platform Society for Worldwide Interbank Financial Telecommunications, or SWIFT, disclosed that the financial institution witnessed positive results related to its pilot test of linking different central bank digital currencies (CBDCs).

09.03 / 18:13

business Law Adoption Banks AML banking Money laundering Anti-money laundering services Banks with crypto services require new Anti-Money Laundering capabilities

The new year began with the news that notable Web3 entrepreneur Kevin Rose fell victim to a phishing scam in which he lost over $1 million worth of nonfungible tokens (NFTs).

09.03 / 17:15

business Blockchain Mining wallet NVIDIA GPU Trezor crypto wallet's move into the semiconductor business isn't for everyone

Crypto wallet maker Trezor recently decided to start manufacturing its own hardware wallet chips to respond quickly to demand-triggering events like the FTX collapse.

09.03 / 16:43

business Blockchain Adoption Assets Bankruptcy Press Release zk Former Jane Street, PIMCO traders raise $15M for ZK proof-of-solvency protocol

A team of former Jane Street and PIMCO traders have raised $15 million to produce a proof-of-solvency protocol for centralized exchanges, stablecoin issuers and other asset managers in the crypto space, according to a press release from the team shown to Cointelegraph. Called “Proven,” the new protocol allegedly uses zero-knowledge proofs to reveal an institution’s assets and liabilities without revealing the personal data of customers.

09.03 / 15:15

business FTX Bankruptcy Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi

The latest update in the FTX bankruptcy case comes as a new deal was struck between the defunct cryptocurrency exchange and Abu Dhabi.

09.03 / 11:31

business Adoption NFT Web3 Auction Opensea Nifty News: Jimmy Fallon wants exemption from BAYC trademark case

Lawyers of Jimmy Fallon, star of NBC’s long-running comedy and variety series The Tonight Show, have filed a petition to "quash" a subpoena requiring him to testify in the Yuga Labs Inc. v. Ripps et al. case.

09.03 / 09:09

business Fraud crimes FTX Court Trial Lawyers SBF’s lawyers signal need to push back October criminal trial

Lawyers representing FTX founder Sam Bankman-Fried have flagged it may be necessary to delay the criminal trial for the former crypto exchange executive — to give him more time to prepare his defense.

09.03 / 09:09

business Binance regulation coinbase Banks swift debate Silvergate downfall sparks debate over whose fault it actually was

The voluntary liquidation of crypto-friendly bank Silvergate has sparked many to share their thoughts about the source of its troubles and the broader impact of the bank’s collapse on crypto.

09.03 / 05:37

business regulation Department Of Justice Scams Fraud us government Bitcoin Prison AirBit Club execs face decades in prison after pleading guilty to $100M fraud

Six people involved in a cryptocurrency “Ponzi scheme” that raked in about $100 million over five years have pled guilty to a series of fraud and money laundering charges, each carrying a maximum sentence of 20 to 30 years of prison.

09.03 / 05:37

business Mining Liquidity Banks Loans Bitcoin Marathon Marathon Digital terminates credit facilities with Silvergate Bank

Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations.

09.03 / 01:25

business Investments Banks Silvergate Capital Corporation will ‘voluntarily liquidate’ Silvergate Bank

The parent company of Silvergate Bank, known to many in the space as one of the major crypto banks, has announced plans to “wind down operations” and liquidate the bank.

09.03 / 01:25

business regulation Gemini Banks Gemini’s banking relationship with JPMorgan ‘remains intact’

Crypto exchange Gemini took to Twitter on March 8 to deny rumors about its banking relationship with United States financial conglomerate JPMorgan being terminated. In a brief and straightforward message, Gemini stated that “despite reporting to the contrary, Gemini’s banking relationship remains intact with JPMorgan.”

08.03 / 22:59

business Blockchain Technology Web3 Women Women in Web3 discuss challenges within the industry

The world of Web3 has opened up new opportunities for individuals to participate in a more open and transparent internet, and to create wealth. However, despite the potential benefits of this emerging technology, women face unique challenges in the Web3 space. From the lack of diversity in the industry to the gender bias in funding, women encounter significant obstacles that make it difficult for them to thrive in the decentralized web.

08.03 / 17:29

business Adoption Web3 Women Binance co-founder Yi He says, 'forget gender' and focus on mindset to make in Web3

The world of crypto and decentralized technologies is no longer an internet niche, home to a few pioneers on the frontier of fintech. It is now a blossoming sector for people of all backgrounds, interests - and genders.

08.03 / 17:29

business wallet coinbase businesses Coinbase launches wallet-as-a-service for businesses

Crypto exchange Coinbase has launched a new business solution for enterprises looking to offer Web3 wallets to their customers — a move it says will help streamline the adoption of Web3 products and services.

08.03 / 17:29

business Technology Adoption exchanges Middle east stock exchange Tel Aviv Stock Exchange’s crypto trading proposal a ‘closed-loop system’

When the Tel Aviv Stock Exchange (TASE), the only public stock exchange in Israel, announced that it drafted a proposal for regulation-friendly crypto trading on Feb. 27, it echoed across the crypto industry as a step forward for crypto adoption. However, some experts have framed the proposal as a somewhat underwhelming update to the current crypto landscape in Israel.

08.03 / 08:57

business Law Adoption regulation Banks FTX Bankruptcy Lawyers Lawyers picnic: FTX counsel and advisors rake in $34M in January

The law firms, investment banks and consulting companies working with FTX on its bankruptcy case billed the crypto exchange a combined $34.18 million in January, court documents reveal.

what you should know about business

What is business and why is it gaining attention?

Business is a trending topic that interests a wide audience. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on business?

All new posts about business can be found in the highlighted block. We publish information regularly.

How can I verify the accuracy of information on business?

We consult with professionals to ensure that the information about business is well-supported and informative for our readers.