Business Financial News

24.02 / 22:33

business SEC coinbase MasterCard Kraken Usd Coin stake Crypto Biz: Coinbase has a lot at stake

Crypto assets made their way onto the United States Securities and Exchange Commission’s list of priorities for 2023. So far, though, we haven’t tasted the “regulatory certainty” many have been calling for. Instead, the regulator threw the book at Kraken for allegedly failing to register its staking program. Coinbase appears next on the chopping block, but its lawyers are ready to fight.

24.02 / 22:11

business Blockchain Adoption Environment ESG Frontier Recycle to earn, a new frontier for blockchain technology towards ESG goals

'Recycle to Earn' was the motto presented by Eric Vogel earlier this month while pitching his startup at the European Blockchain Convention, decades after he started recycling plastics and cans from his grandmother's house to earn extra money for a Game Boy.

24.02 / 22:11

business Stablecoin Circle Banks reserves FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves

Citizens Trust Bank, a financial institution regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle Internet Financial to hold some of its reserves in USD Coin (USDC) — a move the companies said would promote financial inclusion and digital literacy in the greater Atlanta area.

24.02 / 18:05

business Donations reports Ukraine-based blockchain firm reports company 'stronger' one year into war

Sergey Vasylchuk, the chief executive officer of staking provider Everstake, said the company is continuing to move forward despite the continuing military conflict between Ukraine and Russia.

24.02 / 12:15

business Binance regulation Trading Derivatives Aussie regulators review Binance Australia Derivatives over account closures

Binance Australia Derivatives sent an abrupt message to a select group of users on Feb. 23, saying it would be immediately closing their accounts due to a false classification of some users as “wholesale clients.”

24.02 / 09:29

business Investments Aussies revealed as prime targets of Israel crypto scam syndicate

Australian residents have been identified as one the primary targets of a sophisticated network of cryptocurrency call-center scammers — which are suspected to be run by Israel-based crime bosses.

24.02 / 05:45

business Blockchain Ethereum Adoption SEC coinbase layer2 Coinbase new blockchain seen as 'massive confidence vote' for Ethereum

The Ethereum community appears to have taken a bullish view of Coinbase’s newly announced layer-2 network, Base, which has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network.

24.02 / 04:45

business Lightning Network shares Bitcoin Bitcoin Price Mobile Payments Q4 Block's Q4 Bitcoin revenue down 7% on crypto price decline

Jack Dorsey’s payment company Block Inc. reported $1.83 billion of Bitcoin (BTC) revenue from its Cash App business unit in the fourth quarter, representing a 7% fall from the same time last year.

23.02 / 23:39

business Blockchain testing MEXC reserves MEXC Global publishes proof of reserves after month long testing

On Feb. 22, cryptocurrency exchange MEXC Global released its proof-of-reserves (PoR) snapshot after 45 days of testing. In a document seen by Cointelegraph, MEXC claimed its reserve ratios for Tether (USDT), USD Coin (USDC), Bitcoin (BTC), and Ethereum (ETH) were 120.70%, 240.18%, 116.50%, and 110.53%, respectively via the Merke Tree method.

23.02 / 22:51

business defi Hackers hacks Cybercrime compensation Platypus reveals compensation plan for users' funds after attack

Decentralized finance (DeFi) protocol Platypus disclosed details of a recent $9.1 million exploit, alongside efforts to recover the funds, and a compensation plan for victims.

23.02 / 21:37

business FTX Bankruptcy reports Withdrawals FTX Japan reports $50M in withdrawals since Feb. 21

Bankrupt crypto firm FTX’s subsidiary in Japan has reported thousands moved from the exchange since resuming withdrawals on Feb. 21.

23.02 / 20:35

business Blockchain DEX Onchain Blockchain DEXs Onchain and Camelot part ways over IFO spat

In a dispute that originated Feb. 22, decentralized exchanges (DEXs) Onchain Trade and Camelot terminated an agreement for the former's initial fair offering (IFO), with both firms alleging that the opposing counterparty acted in bad faith. An IFO, whilst still an emerging concept, typically involves promises made by developers consisting of no venture capitalist involvement, no whitelist, no presale, and vast majority of income going to token holders, on top of a traditional initial coin offering.

23.02 / 20:35

business Adoption interview FTX Bitcoin strategies Simple trading strategies with Cryptomom — Watch Market Talks live

In this week’s episode of Market Talks, Cointelegraph welcomes Brenda Gentry, or as she’s known on Twitter, Cryptomom. Gentry has over 15 years of experience in traditional banking. She started researching and investing in cryptocurrencies during the 2020 lockdowns and made substantial returns in 2021 after which she launched Gentry Media Productions. She is currently on a mission to introduce more women and minorities to Web3, decentralized finance (DeFi) and nonfungible tokens (NFTs).

23.02 / 17:54

business Adoption Web3 Barcelona Bitcoin Regulation Regulation stole the show at Barcelona’s European Blockchain Convention

Some 2,500 crypto-curious blockchain believers descended on Barcelona’s Hyatt Tower conference suites last week in a networking bonanza. The 8th edition of the European Blockchain Convention, and the fourth occurrence in Barcelona, also coincided with Bitcoin (BTC) sitting tight below $25,000.

23.02 / 17:53

business Investments Trading Bitcoin Cointelegraph launches major update to its institutional-grade crypto intelligence dashboard

Cointelegraph Markets Pro is an all-in-one institutional-grade crypto market intelligence platform offering traders of all backgrounds real-time alerts for potential price movements before they occur.

23.02 / 16:27

business Binance Derivatives Binance Australia Derivatives reportedly closes accounts and positions for some users

Binance Australia Derivatives users reported abrupt notifications sent by the digital asset platform on Feb. 23, saying it is starting to close certain derivatives positions and accounts.

23.02 / 15:33

business defi Digital Asset Mainstream Self Custody acquires Galaxy acquires institutional crypto custody firm for $44M

Galaxy Digital has invested $44 million into an institutional cryptocurrency custody platform to tap into its proprietary asset storage and management capabilities.

23.02 / 14:25

business Blockchain Technology Funding Startups Israeli startup to create blockchain chips with $70M of fresh funds

The adoption of blockchain technology is on the rise, with the majority of enterprises looking into the technology in some capacity. As blockchain becomes more pervasive, all types of users will need the most efficient access to the capabilities of this technology.

23.02 / 14:15

business Binance regulation SEC security Bankruptcy SEC files objection to Binance US bid for Voyager assets

The United States Securities and Exchange Commission (SEC) has objected to Binance.US’ move to acquire over $1 billion of assets belonging to the defunct cryptocurrency lending firm Voyager Digital.

23.02 / 11:29

business Blockchain Banks services German DZ Bank adds digital currencies into asset management services

DZ Bank, Germany’s second-largest bank in terms of asset size, will fully integrate digital currencies into its asset management services in collaboration with the digital asset firm Metaco.

23.02 / 10:59

business Law regulation Court Kim Kardashian, Floyd Mayweather file motion to dismiss crypto promotion lawsuit

Kim Kardashian, Floyd Mayweather and other celebrities are looking to convince a judge to dismiss another revised attempt to hold them liable for allegedly promoting EthereumMax (EMAX) without proper disclosure.

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