Business Financial News

02.02 / 21:49

business Blockchain CBDC Yuan e-CNY Chinese Communist Party officials issue KPIs for e-CNY transactions in Suzhou

According to local news outlet JS China, on Feb. 1, an annual meeting regarding the trial of the digital yuan central bank digital currency (e-CNY CBDC) was attended by senior Communist Party officials in the City of Suzhou. As part of the meeting outcomes, party officials have set a tentative key performance indicator (KPI) of 2 trillion CNY ($300 billion) for e-CNY CBDC transactions in the city by the end of 2023 to be implemented by municipal administrators through promotional efforts.

02.02 / 21:49

business Middle east Kraken shuts down Abu Dhabi office: Report

Cryptocurrency exchange Kraken has reportedly closed its office in Abu Dhabi less than 12 months after receiving regulatory approval to operate in the region.

02.02 / 20:05

business Money laundering Bitzlato CEO arrested by Spanish police: Report

According to a Feb. 2 report by Turkish news agency Anadolu, Spanish authorities have arrested the CEO, sales executive and marketing director of Hong Kong cryptocurrency exchange Bitzlato. In total, six Russian and Ukrainian nationals related to the exchange were arrested in a joint effort between France, Portugal, Cyprus and United States law enforcement.

02.02 / 17:05

business Blockchain Technology Adoption defi security Top 7 blockchain courses and certifications for beginners

Blockchain courses and certifications can play an important role in helping individuals gain a comprehensive understanding of blockchain technology and its applications. By completing these courses, individuals can develop technical skills, stay current with industry developments, enhance their career opportunities and increase their earning potential.

02.02 / 14:03

business CBDC regulation Reserve Bank of India Indian Government Indian Support Indian retail chain rolls out support for CBDC payments in stores: Report

One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses.

02.02 / 13:33

business CBDC Tokens HSBC Banks HSBC needs someone to helm its tokenization efforts

HSBC, the British multinational bank which manages the largest amount of assets in Europe, doubles down its interest in digital currencies. The bank is looking for a top executive to work with asset tokenization.

02.02 / 09:30

business regulation Loans Bankruptcy Voyager victim calls for trustee to seize control of the estate

A Voyager creditor and finance lawyer wants to see a chapter 11 trustee appointed in crypto brokerage Voyager Digital’s bankruptcy trial, which would see Voyager lose control of its estate.

02.02 / 08:07

business crimes Bithumb Bithumb owner arrested in South Korea over alleged embezzlement

The suspected real owner of South Korea’s largest crypto exchange Bithumb has been arrested on alleged embezzlement charges on Feb. 2 local time.

02.02 / 07:47

business Blockchain Adoption Investments Trading Machine Learning Terra Luna 72% of institutional traders are crypto-skeptical this year: JPMorgan

A whopping 72% of institutional e-traders have signaled “no plans to trade crypto/digital coins” in 2023, according to a new survey conducted by JPMorgan.

02.02 / 04:23

business Facebook virtual reality Metaverse Meta Ceo Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback

Meta CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the Metaverse, despite operating losses for its Reality Labs business peaking in 2022.

02.02 / 04:23

business Blockchain Hackers hacks Altcoin lending DAO BonqDAO protocol suffers $120M loss after oracle hack

A small-scale decentralized autonomous organization (DAO) has suffered a rather sizeable smart contract exploit leading to an estimated $120 million being stolen from its protocol.

02.02 / 00:53

business Binance FTX New FTX documentary to spotlight SBF-CZ relationship

The FTX saga and the developments that led to the crypto exchange's collapse will be framed in a new documentary focusing on the volatile relationship between Sam Bankman-Fried and one of his fiercest critics, Binance founder Changpeng Zhao.

01.02 / 23:23

business Adoption Payments retail Bitcoin Retail giant Pick n Pay to accept Bitcoin in 1,628 stores across South Africa

The South African grocery retailer Pick n Pay is expanding its Bitcoin (BTC) coverage to all 1,628 stores across the country following a three-month pilot testing phase in 39 locations.

01.02 / 21:11

business Blockchain Stablecoin DAO MakerDAO launches $5M legal defense fund

According to a new social post on Feb. 1, Maker decentralized autonomous organization, or MakerDAO, has approved the creation of a new fund dedicated to expenses related to legal defense.

01.02 / 19:37

business Technology Adoption Web3 Software Cloud Services Web 2.0 Web3 could seize on the decades-old software-as-a-service business model

In the era of services like Netflix, Dropbox or Amazon Prime, it’s quite easy to forget about the times when customers were getting in line to acquire boxed digital products, like software or entertainment media, with one-time purchases. The age of annual fees started when consumer products turned into subscription-based services.

01.02 / 17:09

business Blockchain Technology Adoption Decentralization FinTech How to improve your coding skills using ChatGPT

As a language model, ChatGPT is primarily used for natural language processing tasks such as text generation and language understanding. While it can be used to generate code samples, it’s not designed to help improve coding skills. However, here are a few ways ChatGPT can be used to help improve coding skills.

01.02 / 15:41

business Adoption Binance Web3 Launch Blockchain Storage Binance Coin Binance delves into decentralized Web3 storage with BNB Greenfield

BNB Chain, a blockchain platform launched by crypto exchange Binance, revealed interest in building a blockchain-based Web3 infrastructure in its new BNB Greenfield white paper.

01.02 / 14:11

business Stablecoin regulation Tether Celsius Borrowing Tether CTO denies borrowing from bankrupt lender Celsius

Tether (USDT) — the world’s largest stablecoin by market capitalization — has never received any loan from the bankrupt cryptocurrency lender Celsius, according to the chief technology officer.

01.02 / 11:13

business fees Bankruptcy Celsius Bitcoin Celsius publishes list of users eligible to withdraw majority of assets

Bankrupt cryptocurrency lending firm Celsius had come up with a withdrawal process for users who had their crypto in its custody when it stopped withdrawals in June 2022.

01.02 / 09:35

business Blockchain Adoption Toyota hackathon Toyota to explore blockchain use cases via DAO hackathon

Automotive giant Toyota is delving deeper into blockchain use cases through its involvement with a Web3 hackathon for decentralized autonomous organization (DAO) developers.

01.02 / 09:19

business Mining regulation SEC Banks Interest rates Loans Backed Crypto-friendly bank ends loans backed by crypto mining rigs

The holding company for the crypto-friendly bank, BankProv, has revealed it’s no longer providing loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans primarily secured by them throughout 2022.

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