Business Financial News

08.02 / 23:29

business ATM Bankruptcy Coin Cloud crypto ATM operator files for bankruptcy, owes over $100M to Genesis

Cash Cloud, the operator of Coin Cloud digital currency automatic teller machines (ATMs) in the United States and Brazil, filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the District of Nevada on Feb. 7.

08.02 / 18:51

business Blockchain Funding Venture Capital Banks seed funding UK blockchain carbon offset platform raises $45M in seed funding

According to a press release published on Feb. 8, blockchain carbon credit transaction network Carbonplace has secured $45 million in an investment round from its nine founder banks with a combined $9 trillion in assets under management. The banks are BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC, and UBS. The London-based fintech has also announced that it will become an independent entity, led by new CEO Scott Eaton.

08.02 / 17:07

business Blockchain Technology Adoption data Science 5 high-paying careers in data science

Data science plays a critical role in supporting decision-making processes by providing insights and recommendations based on data analysis. In order to create new products, services and procedures, businesses can use data science to gain a deeper understanding of consumer behavior, market trends and corporate performance.

08.02 / 09:57

business Ethereum Cardano Polygon Grayscale Bankruptcy Bitcoin DCG offloads Grayscale shares to raise capital: Report

Cryptocurrency conglomerate Digital Currency Group (DCG) has reportedly begun to sell its holdings in crypto funds managed by its subsidiary Grayscale Investments as it looks to raise capital and preserve liquidity.

08.02 / 07:11

business Blockchain Stablecoin Adoption Report Central Bank Bank of England Bank of England thinks digital pound can co-exist with private stablecoins

The United Kingdom is a step closer to launching a Central Bank Digital Currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has nicknamed “Britcoin.”

08.02 / 06:03

business Blockchain Adoption Metaverse Nokia Nokia uses the Metaverse to connect remote breweries, train aircraft techs

From beer breweries on opposite ends of the globe to aircraft technicians in isolated airports, telecoms infrastructure firm Nokia has been looking for ways to use the Metaverse to aid remotely-located workers.

08.02 / 01:19

markets business Blockchain Technology Fraud Former Coinbase product manager pleads guilty in insider trading case

Ishan Wahi, a former product manager at Coinbase Global Inc., has admitted to two counts of conspiracy to commit wire fraud in a case that U.S. prosecutors have labeled as the first insider trading case involving cryptocurrency.

08.02 / 00:53

business Ethereum Adoption MetaMask ConsenSys CEO: 'We've retained virtually all of our capabilities' after job cuts

Blockchain software developer ConsenSys retains the ability to achieve its goals after recent layoffs, CEO Joe Lubin claimed in a Feb. 7 interview with Cointelegraph, stating that “we’ve retained virtually all of our capabilities.”

08.02 / 00:53

business Investments Funding Venture Capital DAO zk VC Roundup: ZK proofs, DeFi protocol and longevity DAO attract investment

2023 is off to a tepid start for crypto venture capital, as the industry continues to emerge from a prolonged bear market. But that doesn’t mean there aren’t deals. In January, Cointelegraph reported a $125 million raise from Blockstream, a $60 million allocation to QuickNode and pair of ecosystem funds from Injective and SSV worth $150 million and $50 million, respectively.

07.02 / 22:51

business Blockchain Technology Web3 Donations Support Binance to support users in Turkey’s earthquake region with $100 airdrops in BNB tokens

The devastating earthquake that hit Turkey on Feb 6 has left a trail of destruction in its wake, affecting numerous communities and individuals.

07.02 / 19:31

business Mining Crypto mining firms Hut 8 and US Bitcoin plan merger

Canada-based cryptocurrency mining company Hut 8 Mining has announced plans to merge with U.S. Bitcoin to form Hut 8 Corp, or "New Hut".

07.02 / 17:45

business Binance regulation Trading crimes Huobi exchanges Crypto exchanges tackle insider trading after recent convictions

In January, the brother of a former Coinbase product manager was sentenced to 10 months in prison for wire fraud conspiracy in what prosecutors called the first case of insider trading involving cryptocurrencies. In September 2022, Nikhil Wahi entered a guilty plea for executing trades based on private data obtained from his brother, Ishan Wahi, a former product manager for Coinbase.

07.02 / 17:45

business Blockchain Technology Adoption defi banking The history and evolution of the fintech industry

The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as a result of technological and internet advances. As a result, new financial services and products have been created with the intention of enhancing accessibility, simplicity and effectiveness in the financial services industry.

07.02 / 16:47

business Law regulation services Dubai releases crypto regulations for virtual asset services providers

The Virtual Asset Regulatory Authority (VARA), the regulator in charge of overseeing cryptocurrency laws within Dubai, has issued new guidelines for virtual asset service providers (VASP) operating within the emirate.

07.02 / 16:47

business Altcoin Scams Venture Capital avalanche Long-standing crypto project vs. scam: Ava Labs CEO shares key difference

Emin Gün Sirer, creator of the Avalanche Consensus protocol and Ava Labs CEO, believes that there is one very straightforward method to spot a long-standing cryptocurrency project.

07.02 / 09:27

business Mining regulation Investments Court Bitcoin Power Layer1 CEO alleges co-founder is using majority power to 'ransack' company

The CEO of crypto miner Layer1 Technologies has filed a lawsuit against the firm’s two other board members — including co-founder Jakov Dolic — for allegedly commandeering Layer1's operations for their own gain.

07.02 / 08:23

business Law NFT Court Yuga Labs settles lawsuit with developer involved in copycat BAYCs

The creator of the nonfungible token (NFT) collection Bored Ape Yacht Club has settled a lawsuit with one of the developers behind a copycat collection known as RR/BAYC.

07.02 / 06:09

business defi Hackers Scams Fraud phishing Lobby 'Haunts me to this day' — Crypto project hacked for $4M in a hotel lobby

The co-founder of Web3 metaverse game engine “Webaverse” has revealed they were victims of a $4 million crypto h after meeting with scammers posing as investors in a hotel lobby in Rome.

07.02 / 05:39

business Government Blockchain UK government Bitcoin Jail Crypto firms could face 2 years jail for breaching UK advertising laws

Newly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms face up to two years of prison for failing to meet certain requirements around promotion, according to the U.K. financial watchdog.

07.02 / 04:33

business regulation Fraud WhatsApp FTX Bankruptcy Lawyers Fried Sam Sam Bankman-Fried lawyers reach agreement on use of messaging apps

Sam Bankman-Fried’s (SBF's) lawyers have reached an agreement with federal prosecutors concerning his use of messaging apps.

07.02 / 02:45

business Court Digital Currency Group Bankruptcy Genesis entity going up for sale as DCG makes creditor pact

Genesis Global has announced it has reached an "agreement in principle" with Digital Currency Group (DCG) which will eventually see its crypto lending and trading arm sold as part of restructuring efforts.

what you should know about business

What is business and why is it relevant?

Business is a trending topic that interests a wide audience. On our site, we regularly publish news related to this subject.

Where can I find the latest updates on business?

All new posts about business can be found in the dedicated section. We publish information as it becomes available.

How can I verify the accuracy of information on business?

We rely on trusted sources to ensure that the information about business is well-supported and helpful for our readers.