Business Financial News

09.02 / 23:53

business Blockchain Digital Currency Web3 security Funding Digital Asset Coincover secures $30 million in funding to strengthen digital asset security

London-based digital asset protection firm, Coincover, has secured $30 million in a funding round led by Foundation Capital, with a follow-on investment from CMT digital.

09.02 / 23:21

business Government regulation SEC Banks Banks under pressure from U.S. authorities to cut ties with crypto firms

United States authorities appear to be resurrecting past techniques to crack down on crypto firms and banks offering services to the industry, several sources told Cointelegraph.

09.02 / 19:59

business Mining Loans Bankruptcy Bitfarms Bitfarms settles outstanding loan with BlockFi for $7.75M

Bitcoin (BTC) miner Bitfarms has settled its debt obligations with BlockFi, closing the chapter on its short relationship with the bankrupt cryptocurrency lender.

09.02 / 16:49

business Blockchain Tokens Banks Smart Contracts 2024 German DekaBank plans to launch tokenization platform by 2024

105-year-old German bank DekaBank is planning to launch a blockchain-based tokenization platform in collaboration with the digital asset firm Metaco.

09.02 / 15:49

business LocalBitcoins P2P Bitcoin LocalBitcoins closes down the P2P crypto exchange service

Finland-based peer-to-peer (P2P) cryptocurrency platform LocalBitcoins is shutting down operations after serving its customers for more than 10 years.

09.02 / 15:17

business Stablecoin regulation Tether reserves Tether assets exceed liabilities in new reserves report by BDO

Tether, the issuer of the world’s largest stablecoin by market value, has completed reserves attestation by major global accounting firm BDO.

09.02 / 13:35

business Blockchain Mining Bitcoin Argo CEO follows resignation trend after company acquisition by Galaxy Digital

The cryptocurrency miner Argo continues to undergo a series of company changes in light of its major acquisition and newly filed lawsuit.

09.02 / 13:35

business Adoption Mining regulation Mining Pools Russian government subsidizes crypto mining facility in Siberia

The crypto mining industry has faced moratoriums in some parts of the U.S. and Canada in recent months. Now, Russia provides tax incentives for those who want to invest in crypto mining. The new $12 million crypto mining center will open in East Siberia with the direct support of the government.

09.02 / 10:01

business defi lending Bitcoin Price Crypto lender SALT makes comeback with $64.4 million funding

The crypto winter and FTX collapse has decimated the ranks of cryptocurrency lenders. Genesis, BlockFi, Voyageur Digital and Celsius Network all filed for bankruptcy in the past seven months, and the contagion may still not be over. But at least one crypto lender appears to be on the comeback trail.

09.02 / 08:57

business Blockchain Adoption goldman sachs Bitcoin BNY US banking giant BNY Mellon says digital assets are 'here to stay'

Michael Demissie, the head of digital assets at Bank of New York Mellon (BNY Mellon) is adamant that the cryptocurrency market fall in 2022 won’t waver institutional interest in digital assets.

09.02 / 08:17

business Ethereum Twitter SEC coinbase Ban Crypto Staking Getting rid of crypto staking would be a 'terrible path' for the US — Coinbase CEO

The CEO and co-founder of cryptocurrency exchange Coinbase, Brian Armstrong, believes that banning retail crypto staking in the United States would be a ‘terrible’ move by the country's regulators.

09.02 / 08:03

business Mining Bitcoin Hut 8 merger would've happened even without FTX or crypto turmoil, says CEO

Crypto exchange FTX’s collapse and overall crypto market turmoil were not key factors in the decision to merge crypto mining firm Hut 8 with US Bitcoin Corp., according to Hut 8 CEO Jamie Leverton.

09.02 / 07:57

business Adoption Payments NASDAQ Federal Reserve Bitcoin Payments provider Affirm to sunset crypto program after 19% staff cut

Max Levchin, the CEO of buy-now-pay-later company Affirm, has confirmed that they will be shutting down their “Affirm Crypto Program” amid dampening consumer spending and a changing macroeconomic environment.

09.02 / 05:09

business Law regulation security interview Bitcoin Industry Proposed Israeli law to classify crypto as securities will 'kill the industry'

Proposed laws in Israel that would see cryptocurrencies classified as securities would cause huge damage to the local crypto industry, according to the chief of an Israeli crypto service provider.

09.02 / 04:29

business Adoption Robinhood wallet Report fees transactions Fried Sam stake Robinhood board gives nod to buy Sam Bankman-Fried's $578M stake

Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company which was bought by former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang last year.

09.02 / 01:53

business Europe Venture Capital Deutsche Bank Deutsche Bank's DWS eyes 2 German crypto firms for investment: Report

Deutsche Bank's asset management arm is in discussions to invest in two German crypto companies, according to people familiar with the matter.

09.02 / 01:31

business Law Gemini Court Bankruptcy creditors What creditors can expect from Genesis’ bankruptcy — and what others can learn

The holding company of troubled crypto lender Genesis Global Capital, Genesis Global Holdco LLC, filed for Chapter 11 bankruptcy protection in New York on Jan. 19. Genesis is the latest crypto platform to file for bankruptcy, joining Celsius, Voyager, BlockFi and FTX.

09.02 / 01:31

business Ethereum defi Trading Cybersecurity security Uniswap's BNB deployment should use multiple bridges, claims LIFI CEO

As Uniswap DAO’s vote to deploy to BNB chain continues, LIFI CEO Phillip Zentner argued in a February 6 forum post that the current proposal is flawed. According to him, the plan to use Wormhole as the sole governance bridge for Uniswap should be abandoned. Instead, he claimed that Uniswap researchers should work on a standardized system for using multiple bridges to handle governance decisions.

09.02 / 01:31

business Mining Bitmain Cloud Mining Cloud mining firm BitFuFu postpones merger with SPAC until May

Cloud mining firm Bitfufu, one of Bitmain's crypto firms, is delaying for the second time its plans to go public via a special-purpose acquisition company (SPAC), according to a statement on Feb. 7.

09.02 / 00:31

business Technology Digital NFT Web3 Metaverse Hermès wins case against Mason Rothschild’s Metabirkins

On Feb 8, a jury trial in the Southern District of New York reached a verdict in Hermès' lawsuit against MetaBirkins. The court ruled that artist Mason Rothschild had violated the trademark protections of the brand Hermès. Rothschild's 100 "Metabirkins" NFTs were found to not be artistic commentary and therefore not protected by the First Amendment of the US Constitution.

09.02 / 00:11

business Blockchain Technology Developers Web3 security data Fujitsu launches Web3 acceleration platform for startups and partner companies

The Japanese-based multinational tech company Fujitsu announced the launch of a new platform on Feb 8, designed to support Web3 developers worldwide.

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