Business Financial News

14.02 / 08:49

business Blockchain Stablecoin Binance Paxos Binance USD Withdrawals Redemptions Binance withdrawals and BUSD redemptions surge post Paxos crackdown

Cryptocurrency exchange Binance has seen a surge of withdrawals over the last 24 hours as investors appear to be spooked over recent news of regulatory action against Paxos and its stablecoin Binance USD (BUSD).

14.02 / 08:49

business Ethereum Adoption regulation us government transactions censorship OFAC Low OFAC-compliant blocks on Ethereum hit three-month low of 47%

The percentage of Ethereum blocks complying with orders set by the United States Office of Foreign Asset Control (OFAC) has now fallen to 47% — the lowest level since Oct. 11.

14.02 / 04:49

business Mining Bitcoin Hashrate BTC Miners Iris Energy to nearly triple hashrate with estimated 44,000 new BTC miners

Australia-based Bitcoin (BTC) mining company, Iris Energy, revealed it will nearly triple its mining capacity with the addition of thousands of mining rigs.

14.02 / 03:35

business Stablecoin Binance regulation SEC security Paxos Paxos ‘categorically disagrees’ with the SEC that BUSD is a security

Paxos Trust Company has released a statement noting that it "categorically disagrees" with the United States securities regulator which has painted Binance USD (BUSD) as a security.

14.02 / 01:25

business Blockchain Technology Investments Web3 Digital Asset Bakkt sunsets its consumer-facing crypto app to focus on B2B solutions

Digital asset platform Bakkt has announced its plans to shift its focus to B2B technology solutions. The company said it will soon be sunsetting its consumer-facing app, which was designed to give users the ability to utilize their digital assets in different ways. The app, launched in March 2021, offered a user-friendly experience that brought together various digital assets, including cryptocurrencies, loyalty points, and gift cards.

14.02 / 00:25

business Blockchain Technology Adoption defi Bitcoin 9 crypto gifts for your Valentine’s Day date

For readers looking for unique, meaningful gifts for their valentine this Valentine’s Day, consider giving a cryptocurrency-related gift. Here are nine options:

13.02 / 23:45

business sanctions Elliptic Crypto mixer Blender has been rebranded to Sinbad, says Elliptic

Blender, the cryptocurrency mixer sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control in May 2022, was “highly likely” relaunched as Sinbad, according to risk management firm Elliptic.

13.02 / 20:49

business coinbase Crypto Talk Coinbase CEO invites DC residents over for ice cream and crypto talk

Brian Armstrong, the chief executive officer of United States-based cryptocurrency firm Coinbase, is looking for lawmakers and regulators to discuss regulatory clarity in the crypto space.

13.02 / 20:23

business Report Venture Capital Research Bitcoin Led by Bitcoin, blockchain industry starts 2023 off strong: Report

2023 is off to a great start, with Bitcoin (BTC) rocketing up 40% in January. The good news is not relegated to just Bitcoin, however, as this price increase has sent ripple effects across the cryptoverse. Mining revenue jumped $22.66 million in January, and crypto-related stocks doubled on average. Despite this good news, venture capital investments are down 23% from the previous month.

13.02 / 17:35

business Blockchain Technology Adoption data Machine Learning Science Features 5 key features of machine learning

Machine learning has a wide range of applications in the finance, healthcare, marketing and transportation industries. It is used to analyze and process large amounts of data, make predictions, and automate decision-making processes, among other tasks.

13.02 / 16:59

business Adoption cryptocurrency trading DBS Bank to offer cryptocurrency trading in Hong Kong

Singapore state-owned megabank DBS Group is planning to expand its cryptocurrency services to Hong Kong as the Chinese territory pushes to become a digital asset hub.

13.02 / 14:39

business Stablecoin Binance regulation Paxos Paxos to stop minting BUSD stablecoins for Binance

Blockchain infrastructure platform Paxos will halt issuance of new BUSD (BUSD) stablecoins amid the ongoing probe by the New York regulators.

13.02 / 10:39

business Blockchain Hackers Scams MetaMask phishing email MetaMask issues scam alert as NameCheap hacker sends unauthorized emails

Popular crypto wallet provider MetaMask warned investors against ongoing phishing attempts by scammers attempting to contact users through NameCheap’s third-party upstream system for emails.

13.02 / 09:47

business Ethereum defi SEC Proof-of-stake Staking Crypto Staking consequences SEC's crypto staking crackdown has uncertain consequences for DeFi: Lido Finance

A crackdown by the United States securities regulator on crypto staking could have unintended consequences for decentralized finance (DeFi), according to the head of business development at Lido DAO.

13.02 / 09:47

business Ethereum Stablecoin Adoption Binance SEC Paxos Lawyers NOT Are stablecoins securities? Well, its not so simple, say lawyers

Recently reported planned enforcement action against Paxos by the United States Securities and Exchange Commission (SEC) over Binance USD (BUSD) has many in the community questioning how the regulator could see a stablecoin as a security.

13.02 / 07:43

business Law Department Of Justice Fraud Court Crypto, forex platform CEO pleads guilty in $248M fraud scheme

Eddy Alexandre, CEO of purported crypto trading platform EminiFX has pleaded guilty to commodities fraud in a New York district court, agreeing to pay back millions to investors who lost funds to his "cryptocurrency investment scam.

13.02 / 06:57

business Blockchain Hackers hacks Cybersecurity Hardware Wallet OneKey says it's fixed the flaw that got its hardware wallet hacked in 1 second

Crypto hardware wallet provider OneKey says it has already addressed a vulnerability in its firmware that allowed one of its hardware wallets to be hacked in one second flat.

13.02 / 04:41

business Blockchain Adoption inflation Market Capitalization Bitcoin Bitcoin Price Bitcoin could hit $10M in 9 years but more sidechains needed: Blockstream CEO

Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves.

13.02 / 04:33

business SEC security Earn Nexo shutters US Earn product a month after settling with regulators

Cryptocurrency lending firm Nexo Capital is set to terminate its yield-bearing Earn Interest Product for its customers in the United States roughly a month after it agreed to pay $45 million in penalties to U.S. regulators.

13.02 / 03:05

business Blockchain NFT Web3 Gaming eSports GameFi Blockchain tech still far from hitting the esport big leagues, says investor

Small esports tournament organizers have started dabbling in blockchain tech to host tournaments and distribute prize pools. However, don’t expect to see it in the big leagues just yet, says an investor.

13.02 / 00:23

business regulation SEC coinbase Kraken Staking Courts Coinbase will 'happily defend' staking in U.S. courts, says CEO

Crypto exchange Coinbase's executives are standing up for its crypto staking services, claiming it cannot be classified as a security, and threatening to bring the matter to the courts in the United States.

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