Business Financial News

23.02 / 09:43

business Blockchain Law Adoption regulation security us government Lawyer US court 'It would be absurd' for a US court to rule private NFTs as securities: Lawyer

Blockchain Association’s chief legal officer says “it would be absurd” for a United States court to rule that digital assets on private blockchains are securities, following a federal judge's decision to allow a lawsuit against Dapper Labs's NBA Top Shots NFTs to play out.

23.02 / 05:51

business Ethereum Proof-of-stake Staking Validator 2020 Only 0.04% of Ethereum validators have been slashed since 2020, says core dev

The Ethereum ecosystem has seen only 226 validators slashed since the launch of the Beacon Chain on Dec. 1, 2022 — amounting to just 0.04% of 524,060 validators, according to an Ethereum core developer.

23.02 / 04:17

business Government Web3 Funding exchanges Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3

Cryptocurrency exchange Gate.io is gearing up to launch a presence in Hong Kong following the local government's planned $6.4 million (50 million Hong Kong dollar) cash injection into Web3 as per the city’s 2023-24 budget.

23.02 / 02:23

business Blockchain Technology Google Web3 Tezos Google Cloud Google Cloud partners with Tezos blockchain to develop Web3 tech

Google's cloud computing arm has added another string to its Web3 bow, with a new partnership to see it becoming a network validator on the Tezos blockchain.

23.02 / 00:49

markets business Government Blockchain Technology Mining Web3 Costs Enterprise blockchain is transforming business operations and reducing costs — Web3 exec

Blockchain technology is often a valuable tool in solving various business challenges due to its ability to create secure, trusted, transparent data sources, and it has gained traction across various industries as businesses seek efficiency and cost reductions.

23.02 / 00:49

markets business Blockchain Technology Digital Investments Digital Asset Web3 Domain Alliance expands with 51 new members

The Web3 Domain Alliance, a member-led coalition that aims to provide a standardized framework for Web3 naming services, has announced 51 new members, including Blockchain.com, Rarible, Wyre, Bitdegree, WazirX, and Klever. These firms will help promote the development of the Web3 naming industry and the functioning of Web3 domain registries, according to the company

22.02 / 23:09

business regulation security Court Dapper Lab's NBA Top Shot Moments qualify as a security, says U.S. judge

NBA Top Shot Moments nonfungible tokens (NFTs) may be considered a security, as it meets the requirements under the United States security laws, according to court filings on Feb 22.

22.02 / 22:55

business Blockchain Technology Tencent Cloud signs multiple collaboration agreements with blockchain firms

According to a press release on Feb. 22, Tencent Cloud, the cloud computing branch of Chinese internet giant Tencent, announced that it had concluded multiple agreements with blockchain firms to support the active development of the Web 3.0 ecosystem. Firstly, Tencent Cloud signed a memorandum of cooperation with decentralized blockchain infrastructure provider Ankr to jointly develop a series of blockchain API services for remote procedure call nodes. The new service will be deployed on Tencent Cloud's infrastructure and will provide connections to mainstream blockchains building on Web 3.0 games and applications.

22.02 / 22:11

business Technology Hackers hacks Cybersecurity security Coinbase discloses recent cyberattack targeting employees

Crypto exchange Coinbase experienced a cybersecurity attack targeting its employees on Feb. 5. The attack came through SMS scams and involved impersonations of IT staff, according to a recent report from the company's engineering team. No customers' funds or information were impacted, the firm said.

22.02 / 20:19

business Blockchain TON TON Blockchain TON blockchain freezes $2.6B worth of inactive tokens

According to the results of a community vote on Feb. 22, users and validators of The Open Network (TON), a layer one blockchain previously created by Telegram, have voted to suspend miners' wallets for four years if they are inactive and have never made an outgoing transaction. The decision resulted in 1,081,389,416 TON being suspended, worth an estimated $2.58 billion at the time of publication and accounting for over 20% of TON tokens outstanding.

22.02 / 17:51

markets business Blockchain Technology Adoption Developers Coding NOT 11 tech jobs that do not require coding skills

Tech jobs that do not require coding are important for several reasons. Firstly, they provide opportunities for individuals who may not have the technical background or interest in coding to work in the tech industry. This can help diversify the industry and bring in fresh perspectives and skill sets. Additionally, these roles are crucial for the successful development and launch of tech products and services.

22.02 / 11:53

business Blockchain Investments PayPal security seed funding PayPal co-leads $20M seed funding for on-chain risk optimizer Chaos Labs

Payments giant PayPal and investment management firm Galaxy joined hands to raise $20 million in seed funding for Chaos Labs, a New York-based cloud platform for securing blockchains and protocols.

22.02 / 09:05

business Ethereum Investments Sport community LinksDAO likely to put in ‘compelling offer’ to buy Scottish golf course

The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO, may soon put in an offer to purchase the newly marketed Spey Bay Golf Club in Scotland worth about $900,000.

22.02 / 06:55

business Ethereum SEC Kraken Court Lawyer Coinbase staking 'fundamentally different’ to Kraken's — chief lawyer

The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United States securities regulator — according to Coinbase's head lawyer.

22.02 / 05:17

business event Blockchain Adoption shopping community retail Solana Spaces will close New York and Miami stores 7 months after opening

Solana Spaces will close down its two Solana (SOL)-themed, community-oriented retail stores in New York City and Miami at the end of the month, as the physical stores didn't onboard as many users as it initially anticipated.

22.02 / 03:55

business coinbase exchanges transaction volume Q4 Coinbase beats Q4 earnings estimates amid falling transaction volume

United States-based cryptocurrency exchange Coinbase has beaten revenue expectations for the fourth quarter of 2022 but continued to see its transaction volume decline.

22.02 / 00:29

business Blockchain Technology Adoption defi Cosmos Cosmos Interchain Foundation allocates $40M for ecosystem development in 2023

According to a medium post on Feb. 20, the Interchain Foundation (ICF), a non-profit organization behind the creation of the Cosmos (ATOM) interblockchain communications (IBC) ecosystem, has committed to spending approximately $40 million in 2023 to develop its core infrastructure and applications. As a part of the Interchain Stack, which is utilized by around 50 blockchains, these include the Tendermint Core (and now CometBFT), Cosmos SDK, Cosmos Hub, and the IBC protocol.

21.02 / 23:43

business Adoption wallet Web3 MasterCard Metaverse Mastercard to allow crypto payments in Web3 via USDC settlements

A partnership between Web3 payment protocol Immersve and payments giant Mastercard will allow users to make crypto payments on digital, physical and the Metaverse worlds. USD Coin (USDC) tokens — a US dollar-backed stablecoin issued by Circle — will be used to settle transactions on Mastercard’s network.

21.02 / 23:09

business Blockchain Technology Green technology Web3 FinTech boost Carbon market gets a much-needed boost from blockchain technology — Web3 exec

Automated systems and blockchain technology are being increasingly utilized to improve the efficiency and accuracy of the carbon market, a critical component in the fight against climate change.

21.02 / 21:29

business Blockchain Technology Deutsche Bank investment platform Deutsche Bank completes trial of tokenized investment platform

According to a report on Feb. 21, Deutsche Bank Singapore and Memento Blockchain have successfully completed the proof-of-concept phase of Project DAMA (Digital Assets Management Access), designed to facilitate the management of digital funds investing in tokenized securities. Per the report, asset managers were able to create a digital asset fund with its own soulbound token and launch a direct fiat-to-digital on-ramp for users. Institutional investors could then subscribe to the fund through the direct minting of tokens, via a decentralized exchange aggregator or through a built-in marketplace.

21.02 / 18:17

business Adoption Developers applications ConsenSys Dapps API ConsenSys eyes Web3 notification service refinement with Hal acquisition

Blockchain technology services provider ConsenSys acquired Hal, a no-code blockchain development tooling platform, to disrupt alerts and notifications at the protocol level in Web3.

Business Financial News

popular questions about business

What is business and why is it important?

Where can I find the latest updates on business?

How can I verify the accuracy of information on business?