Business Financial News
07.02 / 01:11
business
Mining
Environment
reports
Riot
Riot reports 17K miners offline due to Texas weather
Crypto mining firm Riot Platforms — formerly Riot Blockchain — reported that 17,040 rigs deployed at its operations in Texas were offline due to “severe winter weather” in the state.
07.02 / 01:11
business
Sport
FTX
ad
Crypto ad deals for Super Bowl LVII fell apart after FTX collapse: Report
Fans watching the Kansas City Chiefs face off against the Philadelphia Eagles in Super Bowl LVII on Feb. 12 will reportedly not see a plethora of ad spots for cryptocurrency companies as they did in 2022.
06.02 / 23:45
business
Binance
Dollar
Binance to temporarily suspend bank transfers in US dollars beginning Feb. 8
Binance has announced that it is temporarily suspending bank transfers in United States dollars (USD) beginning Feb. 8. No other trading methods will be affected, the exchange said in a tweet on Feb. 6.
06.02 / 23:45
business
Blockchain
Technology
Web3
FinTech
Crypto Staking
Customers
Digital bank Revolut launches crypto staking for UK and EEA customers: Report
United Kingdom-based neo-banking platform Revolut, which boasts 25 million customers globally, has introduced crypto staking to its U.K. and European Economic Area (EEA) customers.
06.02 / 20:43
business
Blockchain
Technology
Investments
Web3
Market Update
Bitcoin dominates as primary focus for digital asset investors: Report
On Feb. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that investors are showing a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week of inflows.
06.02 / 17:27
business
Technology
Adoption
Artists
virtual reality
Science
Internet
What is cyberpunk: A beginner’s guide to the sci-fi genre
Science fiction’s sub-genre, known as cyberpunk, imagines a dystopian future in which advanced technology has overtaken society and divided it into classes for the haves and the have-nots. The genre frequently examines virtual reality, hacking, artificial intelligence and how technology affects people.
06.02 / 13:05
business
lending
FTX
Bitcoin
Ftx Claims
Hodlnaut works with potential buyers to sell firm and FTX claims: Report
Troubled cryptocurrency lending firm Hodlnautis reportedly working with several potential investors to sell its business and other assets.
06.02 / 11:11
business
Binance
defi
regulation
Taxes
Crypto users
Binance Tax launched to prepare crypto users for the tax season
For many countries, the tax season is right around the corner, which means companies in the crypto industry will need to be ready to help their users comply with local regulations.
06.02 / 06:13
business
Altcoin
Health
Volatility
Price Analysis
Bitcoin
services
Spanish rehab center adds crypto trading addiction to services list
A luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction — crypto trading.
06.02 / 05:13
business
Blockchain
Cybersecurity
Tokens
Scams
Cybercrime
Dingo crypto token flagged as scam over 99% transaction fee backdoor
The research arm of cybersecurity software firm Check Point has flagged the Dingo Token (DINGO) as a “potential scam” after reportedly discovering a smart contract function that has been used to manipulate transaction fees.
06.02 / 05:13
business
Law
MicroStrategy
Bitcoin Regulation
Bankruptcy
Bitcoin
Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — Microstrategy co-founder
High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to Microstrategy co-founder Michael Saylor.
06.02 / 01:09
business
defi
Uniswap
Venture Capital
DAO
a16z votes against proposal to deploy Uniswap V3 on BNB Chain
Venture capital firm Andreessen Horowitz (a16z) voted against a final proposal to deploy Uniswap V3 on the BNB Chain using the Wormhole bridge, shows the Uniswap DAO forum.
05.02 / 21:43
business
FTX
Bankruptcy
Political Donations
end
FTX seeks to claw back political donations by the end of February
FTX's new management is seeking to recover political donations made by Sam Bankman-Fried and other FTX executives until February 28, according to a statement disclosed on Feb. 5.
05.02 / 19:09
business
Ethereum
Adoption
VISA
Smart Contracts
Visa's crypto strategy targets stablecoin settlements
Payment company Visa is seeking to build a "muscle memory" to settlements, aiming to allow customers to convert digital assets to fiat currencies on its platform, according to the company's head of crypto division Cuy Sheffield at the StarkWare Sessions 2023.
05.02 / 17:03
business
Government
Blockchain
Technology
Adoption
Banks
Bitcoin
global economy
Financial
What is the global financial crisis and its impact on the global economy
When the financial system or the economy as a whole undergoes a rapid and large decline, it is said to be in a financial crisis. Financial assets like stocks, bonds, and real estate often see a sharp and significant decline in value during financial crises. They can also be identified by a decline in credit availability and a loss of faith in financial institutions like banks.
05.02 / 09:15
business
Adoption
Job
Startups
London
London emerges as world’s most crypto-ready city for business — Research
Along with pro-crypto regulations, mainstream adoption of cryptocurrencies requires a supporting infrastructure that can allow the general public access and exposure to the ecosystem. When considering eight key indicators around taxes, ATMs, jobs and events in crypto, London stands at the top as the most crypto-ready city in the world for businesses and start-ups.
05.02 / 07:01
business
Adoption
regulation
Google
Funding
Bankruptcy
Fried
Sam
Google invests $300M in AI firm previously funded by Sam Bankman-Fried
Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also happened to receive over $500 million in funds from former FTX CEO Sam Bankman-Fried about six months before FTX catastrophically collapsed.
05.02 / 04:31
business
regulation
Scams
Fraud
us government
Press Release
New Jersey enforces cease and desist orders against three ‘pig butcher’ scammers
The New Jersey Bureau of Securities has ordered three website operators to stop luring romance-seeking victims into their fraudulent cryptocurrency investment schemes.
04.02 / 23:25
business
defi
lending
Digital Currency Group
Bankruptcy
creditors
committee
Genesis unsecured creditors' committee appointed
A seven-member committee has been appointed to represent the interests of unsecured creditors in Genesis Global bankruptcy case, according to court filings on Feb. 4.
04.02 / 20:29
business
FTX
Bankruptcy
FTX-tied townhouse in Washington DC unlisted: Report
A property linked to Sam Bankman-Fried's political spending was pulled off the market by the seller as a sign of "good faith" after being linked to FTX customer funds, the Wall Street Journal reported.
04.02 / 17:19
business
Government
Law
us government
Taxes
Bitcoin
strategies
Tax strategies allow crypto investors to offset losses
2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022.
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