Business Financial News

03.03 / 06:37

business Binance Court Bankruptcy Deal SEC objection to Voyager-Binance.US deal questioned by US judge

The bankruptcy judge on Voyager Digital’s case has reportedly scolded the United States securities regulator over its ambiguous reasoning for objecting to the crypto lending firm’s proposed sale to Binance.US.

03.03 / 05:19

business Blockchain Tether coinbase stocks us government FTX MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%

Business intelligence firm MicroStrategy and stablecoin issuer Tether have become the latest two firms to publicly deny any meaningful exposure to Silvergate Bank.

03.03 / 04:09

business Binance coinbase Huobi FTX Bankruptcy 500 Binance ‘not planning any layoffs,’ 500 roles to be filled in H1

Cryptocurrency exchange Binance is “not planning any layoffs” and is instead trying to fill another 500 roles by the end of June, according to a Binance spokesperson.

03.03 / 03:17

business Blockchain FTX Bankruptcy FTX presentation shows 'massive shortfall' in firm's assets

Bankrupt cryptocurrency exchange FTX has revealed a "massive shortfall" in its digital asset and fiat currency holdings with billions worth of customer funds missing from both the exchange and its United States-based arm, FTX US.

03.03 / 01:43

business regulation HSBC Banks UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report

United Kingdom babanks HSBC Holdings and Nationwide Building Society are banning cryptocurrency purchases via credit cards for retail customers. They join a growing list of banks in the country to tighten restrictions on digital assets.

02.03 / 23:25

business Blockchain Adoption Dapps Ecosystem NEAR protocol releases blockchain operating system for Web3

The decentralized application (DApp) NEAR protocol is releasing a new blockchain operating system, focusing on improving user experience on Web3 through a common layer for browsing and discovering open web resources, the company disclosed at the Web3 and innovation festival ETHDenver 2023.

02.03 / 23:25

business Circle Banks partnership Paxos Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate Bank

Several crypto firms have announced they will scale back or outright terminate their relationship with Silvergate Bank following an announced investigation into its alleged involvement in the FTX collapse.

02.03 / 21:11

business Blockchain hacks wallet Exploit BitKeep remains on track to fully compensate victims of $8M APK exploit

According to an official Telegram statement on March 1, Singaporean cross-chain crypto wallet developer BitKeep says it has reimbursed 50% of user assets lost during a security breach stemming from Dec. 26, 2022. On the date of the incident, an estimated $8 million was stolen by hackers after BitKeep's APK 7.2.9 (Android Package Kit) installation package was hijacked and swapped. Users who downloaded the malware subsequently saw their private keys compromised, leading to the theft of assets.

02.03 / 20:33

business Blockchain Block remains on the hunt for wallet partners nearly two years later

On Mar. 1, nearly two years after Jack Dorsey's technology conglomerate Block (known as Square at the time) announced plans to build a self-custodial Bitcoin wallet, the company revealed that more work still needs to be done regarding its plans and that Block is actively seeking partners "to make this a reality." As told by Block, partnerships are required to move assets between fiat and Bitcoin financial systems and provide users with the access and information they need to buy, sell, and store bitcoin securely and easily.

02.03 / 17:27

business Blockchain Technology Adoption Investments Bitcoin Financial How to set and achieve your financial goals

Before setting a financial goal, it’s important to have a clear understanding of your current financial situation, including income, debt, expenses and assets. Once you have a clear understanding of your current financial situation, you can start setting financial goals that align with your values and priorities.

02.03 / 17:27

business regulation coinbase banking Coinbase no longer accepts payments via Silvergate Bank

Cryptocurrency exchange Coinbase announced that it had terminated its partnership with Silvergate Bank as its United States dollar banking partner, citing an ongoing investigation. In a tweet, the exchange said:

02.03 / 17:27

business fees transactions Lightning Network Bitcoin network Xapo Bank enables faster Bitcoin payments with Lightning Network

Xapo Bank, an international private bank headquartered in Gibraltar, integrates the Lightning Network to improve its Bitcoin (BTC) capabilities.

02.03 / 15:45

business Hardware Wallet phishing Trezor email Bitcoin phishing attack Scam alert: Trezor warns users of new phishing attack

Hardware cryptocurrency wallet provider Trezor has warned its users about a new phishing attack targeting their crypto investments by trying to steal their private keys.

02.03 / 08:53

business Blockchain Ethereum SEC Google Apple iOS Support Robinhood Wallet rolls out on iOS with Android support to follow

Trading platform Robinhood has launched its Web3 wallet on Apple’s App Store, becoming available to iOS users in over 130 countries.

02.03 / 08:53

business regulation SEC Gemini Fraud Court Bankruptcy BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor

An investor with nearly $2 million worth of funds frozen in bankrupt cryptocurrency lender BlockFi has filed a class action complaint against its founders, two directors and crypto exchange Gemini.

02.03 / 07:31

business Ethereum Adoption defi Altcoin Polygon identity zk Polygon launches decentralized ID product powered by ZK proofs

Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identity solutionto the public nearly a year after announcing its development.

02.03 / 02:23

business Banks banking Press Release Future Silvergate stock plunges 31% after delayed filing raises doubts over future

Silvergate Bank has announced that it will delay the filing of its annual 10-K report, which has sent its stock price down over 30% after hours.

02.03 / 01:57

business CBDC Digital Currency Central Bank Australian Australian central bank to launch 'live pilot' of CBDC in coming months

Australia's central bank is set to launch a "live pilot" of a Central Bank Digital Currency (CBDC) "in the coming months," according to a joint statement from the Reserve Bank of Australia (RBA) and Digital Finance CRC (DFCRC), an Australian financial research institute.

02.03 / 00:51

business Blockchain Investments Sport Web3 Funding eSports Chiliz announces $50M incubator and accelerator program for early-stage blockchain projects

Chiliz, a global company that deals with blockchain for sports and entertainment, has launched its incubator and accelerator program, Chiliz Labs, with the support of Jump Crypto. The $50 million program intends to invest in early-stage blockchain projects that leverage the Chiliz blockchain for sports and entertainment and the Socios.com partner network.

02.03 / 00:51

business Blockchain Technology Investments Developers Web3 Provenance Blockchain Foundation announces $50M in grants for blockchain development

Provenance Blockchain Foundation has announced a $50 million grant program for blockchain developers to support the development of regulated financial services on blockchain.

02.03 / 00:13

business Blockchain defi Decentralization CEXs Koii Labbs, Idexos launch middleware bridge aiming to replace CEXs

Attacks on bridge technology in 2022 led to the theft of $2.5 billion from decentralized finance (DeFi) protocols, according to a report by Token Terminal. While this could have been a setback for many projects and, thus, for the crypto space, it seems to be fueling infrastructure and security developments.

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