Business Financial News

16.02 / 04:49

business Fraud vpn Court Smartphone bail play SBF won’t be able to play League of Legends under proposed bail changes

Sam Bankman-Fried, the former CEO of crypto exchange FTX may no longer be able to play League of Legends and other video games if newly proposed changes to his bail conditions from United States prosecutors are approved.

16.02 / 01:27

business Blockchain Technology Web3 Funding Abu Dhabi to back the growth of Web3 startups with $2B

Abu Dhabi's technology ecosystem, Hub71, has announced a new initiative called "Hub71+ Digital Assets," with a capital backing of over US$2 billion. This project aims to advance Web3-based innovations, such as blockchain technology and metaverse applications. The initiative aspires to provide Web3 startups with access to a range of programs, and initiatives, as well as, corporate, government, and investment partners in both global markets and the UAE.

15.02 / 23:39

business Blockchain Withdrawals Zipmex says it may resume 100% of Z wallet withdrawals subject to conditions

According to a new press release on Feb. 15, Thai cryptocurrency exchange Zipmex stated that it sent a new scheme to all firm's eligible creditors through its scheme manager KordaMentha. As told by Zipmex, the creditors have until Feb. 21, 2023 to vote on the scheme and "will receive 100% of their digital assets in the Z Wallet" if the scheme is approved and the cryptocurrency closes its pending investment deal.

15.02 / 20:09

business Blockchain Conflux partners with China Telecom to develop blockchain SIM card

According to a Feb. 15 announcement, Conflux Network, also known as Shanghai Tree-Graph Blockchain Research Institute, said that it secured a partnership with China Telecom to develop a blockchain SIM (BSIM) card. As told by Conflux, the BSIM will have a secure place to store digital private keys and will be to call upon the said signature to transfer money to other users. In addition, 'one-click direct check' functionality will allow users to check for transaction information and status progress in real-time.

15.02 / 17:07

business Blockchain Technology Adoption defi Investments Angel investors vs. venture capitalists

Angel investors and venture capitalists are two types of private investors who provide funding for early-stage and growth-stage companies. However, there are some key differences between them that we will cover in this article.

15.02 / 16:59

business Law regulation LUNC Terraform Labs Korean e-commerce exec accused of accepting LUNA for shilling Terra Labs

South Korean prosecutors have requested an arrest warrant for the former CEO of Tmon, a Korean e-commerce platform, after taking billions of won in LUNA (LUNA), now known as LUNA Classic (LUNC), for promoting Terra as a simple payment gateway.

15.02 / 09:27

business regulation Investments Bloomberg FTX Court Bankruptcy Sequoia Capital, Paradigm among VCs facing "tricky" FTX investor lawsuit

Users of bankrupt crypto exchange FTX have reportedly taken aim at financiers who promoted the platform suggesting their efforts added an “air of legitimacy” to the now-defunct exchange, a case labeled as "tricky" by a crypto lawyer.

15.02 / 09:27

business regulation FTX Court SBF and FTX fraud 'aided and abetted' by Silvergate Bank, alleges lawsuit

Silvergate Bank and its CEO Alan Lane have been accused of “aiding and abetting” a “multibillion-dollar fraudulent scheme orchestrated by Sam Bankman-Fried (SBF)” and two of his entities, FTX and Alameda Research, in a newly proposed class action lawsuit.

15.02 / 08:53

business regulation Court Celsius creditors committee Celsius creditors committee proposes suing Mashinsky, other Celsius execs

The official committee of Celsius creditors is proposing to sue Celsius co-founder Alex Mashinsky and other executives for "fraud, recklessness, gross mismanagement and self-interested conduct" that eventually led to the collapse of the crypto lender.

15.02 / 08:53

business Blockchain Binance Hackers privacy data freeze Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers

Cryptocurrency exchanges Binance and Huobi have again frozen accounts linked to the $100 million Harmony Horizon bridge attack on Jun. 24, 2022.

15.02 / 05:51

business Blockchain Ethereum Stablecoin regulation SEC us government Ethereum staking stake Sell or stake: Ethereum staking giant Lido mulls choices for its $30M ETH

The decentralized autonomous organization (DAO) behind Lido — the largest Ethereum staking pool — is deliberating whether it should sell or stake the $30 million in Ether (ETH) from its treasury.

15.02 / 02:01

business Government Law SEC Gold Dollar Binance CEO: crypto industry will probably move to non-dollar stablecoins

The crypto industry will “probably” start using euro, yen, or Singapore dollar based stablecoins in the future, reducing its reliance on US dollar based stablecoins, according to a Feb. 14 statement on Twitter Spaces by Binance CEO Changpeng Zhao, also known as “CZ.”

15.02 / 02:01

business Charity Donations FTX Charity tied to former FTX exec made $150M from insider trading: Report

Polaris Ventures, a charity created by former FTX and Alameda chief of staff Ruairi Donnelly, reportedly wants to access roughly $150 million earned from insider trading on the bankrupt exchange’s tokens.

15.02 / 00:33

markets business Blockchain Technology Digital Web3 Digital Asset Digital Bond Siemens issues €60M digital bond on a public blockchain

German engineering and technology giant Siemens has become one of the first companies in Germany to issue a digital bond on a public blockchain, worth €60 million, with a maturity of one year, in accordance with Germany’s Electronic Securities Act.

14.02 / 22:59

markets business Government Blockchain Technology Investments Funding Digital Asset Provider Raises $65M in Series B Led by Credit Suisse

Taurus, a digital asset infrastructure provider for financial institutions in Europe, has raised $65 million in a Series B capital raise led by Credit Suisse. The funding round also saw participation from several other institutional investors, including Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.

14.02 / 17:46

business Investments coinbase Ark stocks Bitcoin Cathie Wood’s Ark Invest bags nearly $16M Coinbase stocks in February

Cathie Wood’s investment management firm Ark Invest continues stacking Coinbase (COIN) stock amid the latest cryptocurrency market decline.

14.02 / 17:07

business Blockchain Technology Adoption NFT privacy security The ethics of the metaverse: Privacy, ownership and control

The metaverse, a virtual environment that simulates reality, offers complex moral dilemmas regarding privacy, ownership and control. These consist of:

14.02 / 16:45

business CBDC Bank of England Bitcoin Community UK think tank launches a crusade against 'surveillance' CBDCs

The U.K. Tax Reform Council has launched a campaign against the Bank of England's plan to introduce a central bank digital currency (CBDC). The non-profit organization warns that such a move could seriously harm individual privacy and lead to intrusive changes to the taxation system.

14.02 / 15:05

business Blockchain Trading Bitcoin Interactive Brokers NASDAQ-listed Interactive Brokers to offer crypto trading in Hong Kong

Interactive Brokers, a global brokerage firm with headquarters in the United States, announced the launch of its crypto trading services for institutional clients in Hong Kong on Feb. 14. The crypto trading services were launched in association with OSL Digital Securities, a Securities and Futures Commission-licensed digital asset brokerage and trading platform for professional investors.

14.02 / 10:07

business Blockchain Adoption SEC us government Wall Street Pensions SEC to target crypto firms operating as 'qualified custodians' — Report

The United States Securities and Exchange Commission (SEC) is reportedly planning to propose new rule changes this week that could impact what services crypto firms can offer their clients.

14.02 / 08:59

business Stablecoin Binance regulation SEC security Paxos Matrixport NOT Stablecoins not the target in BUSD crackdown: Matrixport head of research

Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on stablecoins themselves.

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