Business Financial News

12.02 / 22:37

business stocks Banks Wall Street Crypto bank Silvergate ranks as the second most-shorted stock on Wall Street

Crypto bank Silvergate Capital Corp. stands in the second position as most-shorted stock in the United States, with over 72.5% of its shares shorted, according to the latest Short Interest Reporting from Feb. 9.

12.02 / 17:15

business Government Blockchain Technology Adoption Banks Monetary policy: Definition, types and tools

Monetary policy refers to the actions taken by a central bank or monetary authority to manage the supply of money and interest rates in an economy, with the aim of promoting economic growth and stability. To affect the price and accessibility of credit, this may entail altering the money supply, setting interest rates or utilizing other instruments.

12.02 / 11:13

business Adoption Binance fees students Binance Pay Canadian University Dubai backtracks on accepting crypto via Binance Pay

Not even 24 hours after the Canadian University Dubai (CUD) announced its partnership with Binance Pay to accept course fees in cryptocurrencies, a technical roadblock watered down the excitement behind the short-lived initiative.

12.02 / 09:23

business Ethereum regulation Banks Taxes Bitcoin Brazil’s oldest bank allows residents to pay off tax bill with crypto

Brazilian bank Banco do Brasil is offering a new and convenient option for taxpayers to settle their dues using cryptocurrencies.

11.02 / 21:03

business Blockchain Binance hacks Cybersecurity security Chain vulnerability Jump Crypto unveils critical vulnerability on Binance’s BNB Chain

Web3 infrastructure firm Jump Crypto has discovered a vulnerability in the Binance BNB Beacon Chain, which would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team, enabling a patch to be developed and deployed within 24 hours.

11.02 / 17:27

business Technology defi Decentralized Exchange Decentralization Multichain Multichain DEXs are on the rise with new protocols enabling them

Decentralized exchanges (DEXs) have become increasingly popular in recent years due to their ability to offer users a high degree of control over their assets and a more secure trading environment than centralized exchanges.

11.02 / 16:31

markets business Blockchain Altcoin Pantera Capital Bitcoin Bitcoin Price Bitcoin is already in its 'next bull market cycle' — Pantera Capital

BItcoin (BTC) is beginning its “seventh bull cycle” and investors should not be scared of crypto post-FTX, Pantera Capital believes.

11.02 / 10:57

business wallet ENS e-commerce API Shopify Shopify launches suite of blockchain commerce tools for merchants

Crypto-friendly e-commerce giant Shopify has launched a suite of blockchain commerce tools to enhance the user experience of their web3-focused stores hosted by the platform.

11.02 / 01:01

business Stablecoin Tether bonds Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report

Stablecoin issuer Tether Holdings is relying on the services of a major Wall Street firm to manage its Treasury portfolio, according to a Feb. 10 report by The Wall Street Journal.

10.02 / 23:49

business FTX Digital Currency Group Bankruptcy Silver Crypto Biz: FTX clawbacks, Genesis silver lining?

Remember when Sam Bankman-Fried admitted to being a significant donor to the Democratic and Republican parties? Well, the recipients of the tainted money have been formally requested to return the funds to FTX’s creditors. So far, we know of three prominent Democratic groups — the DNC, the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee — that have returned SBF-linked donations in December 2022. Will the rest follow?

10.02 / 23:09

business Blockchain Law privacy SecretDAO votes to restructure foundation after public spat between organizations

The DAO that governs privacy-focused blockchain Secret Network (SCRT) has voted to restructure its Secret Foundation as a non-profit with a “transparent operation,” according to the proposal’s official page.

10.02 / 22:51

business Blockchain Technology Web3 security reserves zk Binance upgrades proof-of-reserves verification to include zk-SNARKs

On Feb 10, cryptocurrency exchange Binance announced a major upgrade to its proof-of-reserves verification system, saying it would now incorporate zk-SNARKs — a cutting-edge technology Binance reports will allow it to verify its reserves in a more secure, transparent manner.

10.02 / 20:03

business Adoption MasterCard credit cards Debit Cards Bit2Me and Mastercard launch debit card with crypto cashback

The merger of Web2 and Web3 tools continues as crypto-backed debit cards become more mainstream.

10.02 / 16:21

business XRP regulation coinbase Freedom Community urges Coinbase to relist XRP as CEO fights for staking

Amid Coinbase cryptocurrency exchange standing up for crypto staking and economic freedom, the online community has urged the company to support XRP as well.

10.02 / 11:13

business community Bankruptcy 3AC new exchange triggers backlash from the crypto community — ‘No, thank you’

The launch of the exchange project backed by the bankrupt hedge fund Three Arrows Capital (3AC) attracted a mob of angry community members who took to Twitter, expressing their disappointment with the state of the crypto space.

10.02 / 08:55

business NFT Metaverse Nifty News: Find love in Paris Hilton’s metaverse, BTC CryptoPunks soar and more

Famous New York socialite, Paris Hilton thinks the Metaverse may be the perfect place to find one’s true love.

10.02 / 08:55

business Stablecoin Binance regulation Paxos Financial Services Stablecoin issuer Paxos reportedly probed by New York regulators

Paxos Trust Company — the New York-based stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is reportedly being investigated by the New York Department of Financial Services (NYDFS).

10.02 / 06:57

business Mining Bitcoin BTC miner CleanSpark on the hunt for further crypto miner fire sales

Bitcoin (BTC) mining firm CleanSpark is planning to continue its strategy of scooping up distressed mining company assets this year.

10.02 / 05:15

business Ethereum Adoption SEC security Kraken us government ‘Agent of an anti-crypto agenda’ — Community slams Gensler over Kraken crackdown

Members of the crypto community are seemingly outraged over the recent charges laid against crypto exchange Kraken in relation to its staking-as-a-service program in the United States.

10.02 / 04:09

business Books Celsius financial literacy Publisher says it's trying to scrub all traces of 'Mashinsky Method' book

A book once slated to be released by Alex Mashinsky, the former CEO and founder of the bankrupt cryptocurrency lender Celsius, has been pulled before it could ever hit the shelves and the publisher of the title is trying to "remove all trace of it online."

10.02 / 01:01

markets business Law Terra Luna 3AC and CoinFLEX launch website, waitlist for crypto claims exchange

A crypto exchange project initially proposed by 3AC and Coinflex has now launched an official website and waitlist as of Feb. 9. Called “Open Exchange (OPNX)”, the new project alleges that it will be “the world's first public marketplace for crypto claims trading and derivatives,” according to a tweet from the project’s official Twitter account.

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