Business Financial News

06.03 / 17:15

business regulation Fiat Money Naira redesign no more: President’s directive canned by Nigerian supreme court

The supreme court of Nigeria has ruled that the old N200, N500, and N1,000 naira notes remain in circulation till Dec. 31, 2023, effectively nullifying the naira redesign previously announced by Nigerian President Muhammadu Buhari. The introduction of redesign sought to phase out the use of the old naira notes.

06.03 / 13:21

business Technology Adoption Women Tech Internet Computer Top 11 most influential women in tech history

Women have made significant contributions to the field of technology throughout history, but their achievements have often been overlooked or undervalued. By highlighting the accomplishments of women in tech, we can celebrate their achievements, break down stereotypes, and promote gender equality in the industry. Recognizing women’s contributions in tech also helps to create role models for young girls and women, inspiring them to pursue their dreams in tech and contributing to a more diverse and inclusive tech industry.

06.03 / 10:43

business Blockchain Ethereum Stablecoin Adoption Investments coinbase collapses Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko

Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, up 190% from 2021, while investments into centralized finance projects went the other way — falling 73% to $4.3 billion over the same timeframe.

06.03 / 07:29

business Tether Bitfinex banking Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts

The company behind stablecoin Tether (USDT) has rebuffed a report by The Wall Street Journal claiming it had ties to entities that faked documents and used shell companies to maintain access to the banking system.

06.03 / 00:41

business Binance regulation SEC U.S. regulators Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report

Update (March 5, 9:22 p.m. UTC): This article has been updated to include Binance's response.

05.03 / 17:47

business Government Blockchain Technology Adoption Environment Energy Can blockchain help combat climate change?

With rising temperatures, melting ice caps and more frequent and intense extreme weather events, the effects of climate change are becoming more and more obvious. There is an urgent need to prevent climate change, and numerous technologies and methods are being investigated to do so. Blockchain technology is one of these possibilities, and it has the potential to be very effective in the fight against climate change.

05.03 / 11:11

business Art Binance NFT hackathon Binance USD BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea

Crypto exchange Binance has been accused of “blatantly” copying the winner of the BNB Chain hackathon after launching Bicasso — an AI-based nonfungible token (NFT) creation tool. Binance allegedly ripped off a tool created by Chatcasso just two months after awarding them first prize in a BNB Chain hackathon held in Seoul between Dec. 17 to 19, 2022.

05.03 / 07:19

business cryptocurrency FTX FTX Crash Fried Sam bail Sam Bankman-Fried might use flip phone under stricter bail plan

Prosecutors and attorneys for FTX founder Sam Bankman-Fried are requesting the disgraced cryptocurrency entrepreneur be allowed a flip-phone or another device thats not a smartphone while on bail.

05.03 / 00:15

business Bybit halts USD bank transfers citing partner outages

Dubai-based crypto exchange Bybit has suspended United States dollar (USD) deposits via bank transfers in response to "service outages from a partner". Funds can be withdrawn through wire transfers until March 10.

04.03 / 23:13

business FTX Court Bankruptcy Fried Sam bail DOJ seeks to narrow Sam Bankman-Fried's bail terms, use only flip phones

The United States Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried (SBF), a court filing made late March 3 shows.

04.03 / 19:15

business regulation Banks FTX Bankruptcy network Silvergate closes Exchange Network, releases $9.9M to BlockFi

Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets' payment network, claiming the termination is a "risk-based decision". The move comes after the bank's stock fell over 59% in the past five days due to fears of a potential bankruptcy.

04.03 / 17:25

markets business Blockchain Technology Adoption Investments Bitcoin Time What is the time value of money (TVM)?

The time value of money (TVM) is the concept that money available today is worth more than the same amount of money in the future. While inflation gradually weakens the purchasing power of money, its worth can rise over time by being invested or earning interest.

04.03 / 06:19

business cryptocurrency economy US Bitcoin Bitcoin Down Weekly Dollar retreats, headed for biggest weekly loss since mid-January; bitcoin down

The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday, on track for its largest weekly loss since mid-January against a basket of six major currencies, as traders stepped back to gauge the path for Federal Reserve policy.

04.03 / 01:45

business Blockchain Adoption Binance Scams exchanges phishing Binance launches anti-scam campaign after Hong Kong pilot run

Binance, in cooperation with law enforcement agencies, is launching a campaign to prevent scams by issuing targeted alerts to potential victims, according to a March 3 blog post from the company. The project, called the “Joint Anti-Scam Campaign,” was rolled out first in Hong Kong, and the company now intends to expand it into other jurisdictions.

04.03 / 00:19

business Blockchain Technology wallet Web3 Apple Uniswap Uniswap wants to launch mobile wallet but Apple won’t green-light it’s launch

Uniswap Labs has announced plans to release a new self-custodial mobile wallet that will offer users the ability to swap on L1 or L2 networks without having to switch networks.

03.03 / 21:05

business VISA coinbase MasterCard Crypto Biz: Did crypto winter scare off Visa and Mastercard?

Crypto cycles aren’t for the faint-hearted. As the industry continues to evolve from the cypherpunks into the mainstream, we can expect a lot of growing pains. The dumpster fire that was 2022 may have scared off many companies interested in exploring the sector. Case in point: Visa and Mastercard’s embrace of crypto may have hit a snag thanks to the bear market and unclear regulations.

03.03 / 18:35

business coinbase Digital Asset Management Coinbase announces acquisition of One River Digital Asset Management

United States-based cryptocurrency exchange Coinbase has acquired cryptocurrency-focused hedge fund One River Digital Asset Management, or ORDAM.

03.03 / 17:57

business Government Adoption Investments movie Wall Street Top 7 Wall Street movies you must watch

Wall Street movies offer insightful perspectives into the worlds of business, finance and power. They also emphasize how vital creativity, risk-taking and tenacity are to success. Viewers can learn more about the financial sector and its effects on society by watching these films. They can also serve as a source of encouragement and inspiration for people wishing to pursue a profession in business or finance.

03.03 / 09:35

business regulation SEC coinbase Banks banking Digital Asset accounting lawmakers Customers U.S. lawmakers argue SEC accounting policy places crypto customers at risk

Two United States lawmakers have criticized crypto accounting guidelines outlined by the securities regulator, arguing it places crypto customers at greater risk of loss.

03.03 / 08:57

business Stablecoin Binance regulation SEC coinbase Paxos regulatory Binance USD market cap falls below $10B amid rising regulatory concerns

Binance USD (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory crackdown on its token issuer and a planned delisting from a major crypto exchange.

03.03 / 07:17

business regulation Court Bankruptcy Celsius Withdrawals freeze Customers Celsius Custody customers finally begin withdrawals 263 days after freeze

Some Celsius customers have reported being able to withdraw funds from the bankrupt crypto firm for the first time, some 263 days after the lender froze withdrawals in the lead-up to its bankruptcy filing.

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