Business Financial News

28.02 / 05:31

business Blockchain coinbase data Survey Bitcoin inequality Financial Americans 'frustrated' by financial system inequality, 20% own crypto: Survey

A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency — a new survey has revealed.

28.02 / 04:09

business Report Digital Currency Group Bankruptcy DCG losses top $1B on the back of 3AC collapse in 2022

Cryptocurrency venture capital conglomerate Digital Currency Group (DCG) has reported losses of over $1 billion in 2022 due largely to the contagion relating tocollapse of crypto hedge fund, Three Arrows Capital (3AC).

28.02 / 01:59

business Blockchain Adoption regulation SEC Bankruptcy Robinhood subpoenaed by SEC over crypto listings and custody

Robinhood Markets has confirmed that it had received an investigative subpoena from the United States Securities Exchange Commission (SEC) over its digital asset business' crypto listings, custody and platform operations.

27.02 / 21:39

markets business Blockchain Technology Investments Venture Capital Blockchain Founders Fund raises $75M to encourage Web3 mass adoption

Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such as Sebastien Borget, chief operating officer of The Sandbox.

27.02 / 20:31

business Blockchain Stablecoin Binance coinbase Coinbase announces suspension of BUSD trading beginning March 13

Coinbase will suspend trading for Binance USD (BUSD) stablecoin on March 13, the exchange announced Feb. 27 on Twitter. The message mentioned “listing standards” as it announced its decision.

27.02 / 17:33

business Government Binance regulation SEC security us government Is the SEC’s action against BUSD more about Binance than stablecoins?

Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT) and Circle’s USD Coin (USDC).

27.02 / 17:33

business Technology Adoption Energy renewable energy 7 modern technology examples that don’t need electricity

While electricity is an integral part of our daily lives, some modern technologies do not require electricity to function. These technologies rely on other energy sources, such as mechanical energy, solar energy, or kinetic energy, to operate. In this article, learn how seven modern technology examples work without electricity.

27.02 / 13:47

business Blockchain solana community Solana outage triggers ballistic reaction from the crypto community

As the Solana network suffered another setback, crypto community members went on social media to express various concerns, even comparing the blockchain to other projects like Ethereum and Bitcoin.

27.02 / 12:23

business Payments regulation Crypto gateway Alchemy Pay scores license in Indonesia

Alchemy Pay has obtained a license from the central bank of Indonesia to operate remittances and fund transfers in cooperation with the local fintech Berkah Digital Pembayaran.

27.02 / 09:19

business Blockchain IPO coinbase Kraken Bitcoin BitFlyer founder seeks to reinstate self as CEO, leading firm to IPO: Report

Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month, in an apparent bid to reinvigorate what he claims is a stagnating firm.

27.02 / 06:29

business Ethereum Digital Currency Court Bitcoin Coinbase hit with proposed trademark lawsuit over Nano derivative products

Crypto exchange Coinbase has been named as a defendant in a legal complaint brought by NanoLabs — the company behind the digital currency Nano (NANO) — over alleged trademark infringement.

27.02 / 04:57

business Blockchain Ethereum Tether NATO Bitcoin crypto donations Ukraine netted $70M in crypto donations since start of Russia conflict

Ukraine has received over $70 million in the form of cryptocurrencies since the start of the Russian-Ukrainian conflict, providing the nation with military equipment and humanitarian assistance.

27.02 / 01:01

business Adoption Web3 Funding DAO Startups Mantle BitDAO's Mantle Core proposes $200M for Web3 fund

A proposal seeking to create a $200 million fund dedicated to early-stage Web3 startups was submitted on Feb. 26 by Mantle Core on BitDAO's governance forum. The ecosystem fund aims to boost the adoption of Mantle's network among developers and Dapps.

26.02 / 22:23

business Binance Bankruptcy Deal Texas objects to Voyager-Binance.US deal, court filing shows

Texas' State Securities Board and the Department of Banking are objecting to a proposed deal between Binance.US and bankrupted crypto lender Voyager Digital, shows a court filing from Feb. 24.

26.02 / 19:21

business Blockchain Technology Adoption security FinTech Internet Computer How to create an IT strategy for your business

Creating an information technology (IT) strategy is essential for any business that wants to stay competitive in today’s digital world. An effective IT strategy can help you leverage technology to improve efficiency, productivity and profitability. This article explains six steps to create an IT strategy for your business.

26.02 / 17:17

business Blockchain Technology Hackers Cybersecurity security Scams Top 7 cybersecurity jobs in high demand

In today’s digital age, cybersecurity has become a critical aspect of almost every business. Cyber threats are increasing daily, and businesses must take proactive measures to protect their networks and data. As a result, the demand for cybersecurity professionals has skyrocketed.

26.02 / 14:21

business Blockchain SEC coinbase investigation Bankruptcy Voyager is selling crypto assets through Coinbase, suggests on-chain data

Voyager Digital, the centralized finance (CeFi) platform that filed for Chapter 11 bankruptcy in July 2022, is reportedly selling assets through the Coinbase crypto exchange. On-chain data suggest that Voyager received at least $100 million in USD Coin (USDC) in three days, starting Feb. 24.

26.02 / 10:23

business regulation Investments FTX FTX Japan allows total withdrawal of funds; users rejoice the 'escape'

While FTX customers across the world patiently await Sam Bankman-Fried’s (SBF) legal conclusion in hopes of getting back their investments, users of FTX Japan have started withdrawing all of their funds.

26.02 / 08:05

business Adoption regulation SEC Grayscale Bitcoin GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO

Grayscale Investments' CEO Michael Sonnenshein stated he “can’t imagine” why the United States Securities and Exchange Commission (SEC) “wouldn’t want” to protect Grayscale investors and return the true asset value to them, in a recent podcast interview.

25.02 / 21:13

business Blockchain Adoption Decentralization DAO Science Pharma companies team up with DeSci to accelerate scientific research

Having emerged as a movement in the research community, Decentralized Science (DeSci) initiatives are progressing at a pace even big pharma cannot ignore. In fact, Pfizer is now the first pharmaceutical to vote on decentralized autonomous organization (DAO) proposals of German blockchain-based organization VitaDAO.

25.02 / 20:17

business Blockchain solana Fork Validator network Solana faces slowdown in block production, network restarted

Solana network faced a slowdown in block production on Fev. 25 following the upgrade in the validator software. The incident resulted in disruptions to transactions and led validators to downgrade the software in an attempt to restore network performance.

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