Business Financial News

01.02 / 09:19

business Blockchain Twitter Apple censorship Lightning Network Bitcoin Decentralized Twitter alternative goes live on Apple's App Store

Damus, a so-called “Twitter killer” built on a decentralized network has been approved on the Apple App Store.

01.02 / 08:45

business Bankruptcy Celsius 'Categorically false' — Attorney denies bids for Celsius assets were rejected

The counsel representing Celsius’ official creditor committee has denied assertions that the bids for Celsius’ crypto assets have been rejected.

01.02 / 05:53

business regulation Scams Fraud Forex investigation Crypto scammers abuse 'lax' UK company laws to fool victims: Report

The United Kingdom is host to at least 168 companies accused of running fraudulent crypto or foreign exchange (forex) scams according to an independent analysis.

01.02 / 05:53

business regulation Fraud us government Gold marketing advertisement Founder of $7.5M 'brazen fraud scheme' to see 8 years behind bars

Founder of “My Big Coin” and convicted fraudster Randall Crater has been sentenced to 100 months in prison and has been ordered to pay over $7.6 million to the victims of his fraudulent scheme.

01.02 / 01:51

business Bankruptcy Court permits Core Scientific to borrow $70M to replace existing loan

Core Scientific has received permission from the bankruptcy court for the Southern District of Texas to take out a loan of up to $70 million from investment bank B. Riley, one of the company’s biggest creditors. The loan would be used to pay off the bankrupt Bitcoin miner’s existing debtor-in-possession (DIP) financing loan, which also came from B. Riley.

01.02 / 01:51

business Social Media rally Tokens Sidechain Social token platform Rally announces shutdown of sidechain

Rally, a social token platform, has announced nonfungible tokens (NFTs) on its sidechain will no longer be accessible.

01.02 / 00:47

business Government Blockchain Technology security us government Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program

Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF). The initiative is focused on identifying and advancing technologies that could secure the future dominance of the U.S. Air Force.

31.01 / 23:27

business lending Bankruptcy Customer Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius

Court-appointed examiner Shoba Pillay submitted her final report on select aspects of operations at bankrupt cryptocurrency Celsius on Jan. 31. The document was commissioned on Sept. 29 and is 470 pages long, not counting the 31 appendices.

31.01 / 21:51

business Technology Adoption Science Time Top 9 cyberpunk movies of all time

Cyberpunk movies are a subgenre of science fiction that emerged in the 1980s. They typically take place in a dystopian future, often in a city characterized by high-tech, advanced technology and a breakdown of social order.

31.01 / 21:51

business Blockchain Technology Digital Currency Investments Web3 Backed Cronos Labs to accept second cohort for $100M-backed Web3 accelerator program

Blockchain startup accelerator Cronos Labs has announced the opening of applications for its second cohort of the $100 million-backed Cronos Accelerator Program.

31.01 / 18:11

business Stablecoin ATM UK native stablecoin integrates into 18,000 ATMs nationwide

A partnership between Poundtoken and BitcoinPoint will make the country's first 100% backed GBP stablecoin ($GBPT) accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step towards the U.K. becoming a "crypto hub" and is in line with the government's push to use stablecoins for wholesale settlements.

31.01 / 18:11

business Blockchain Tesla stocks Bitcoin Tesla records $140M Bitcoin net loss in 2022

According to a filing with the United States Securities and Exchange Commission on Jan. 31, electric vehicle manufacturer Tesla disclosed that it recorded a $204 million gross impairment loss during 2022 on its Bitcoin (BTC) holdings. Simultaneously, Tesla recorded a gain of $64 million from converting BTC into fiat currency at various points during the year, resulting in a net loss of $140 million from its cryptocurrency trading activities.

31.01 / 17:13

business Technology Adoption NFT virtual reality Metaverse How AI can make the metaverse a more interactive space

The potential behind the metaverse is becoming greater as virtual and physical worlds converge. Market intelligence firm Contrive Datum Insights recently found that the global metaverse market is estimated to surpass $1.3 trillion by 2030. According to the study, this growth will be driven by newly adopted virtual economy trends, combined with the rise of both crypto and online games.

31.01 / 16:53

business Mining Bitcoin Bitcoin Miner Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M

Bitcoin (BTC) mining company Greenidge Generation has significantly reduced its debt with the investment management firm, New York Digital Investment Group (NYDIG).

31.01 / 09:21

markets business coinbase exchanges Digital Currency Group Job Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise

Crypto companies tightened their purse strings in the first month of 2023, with at least 2,900 crypto staff cut loose across 14 crypto firms in January.

31.01 / 09:21

business wallet coinbase transactions phishing Crypto wallets combat scammers with transaction previews and blocklists

United States-based crypto exchange Coinbase has become the latest crypto wallet provider to roll out transaction previews and blocklists amid a rise in crypto thefts.

31.01 / 09:21

business Mining Court Bankruptcy Bitcoin BlockFi gets court nod to sell crypto mining assets

Bankrupt crypto lender BlockFi has been granted court approval to sell off its crypto mining equipment as part of ongoing efforts to repay its creditors.

31.01 / 08:39

business Investments Altcoin Survey Study Bitcoin Millionaires flock to crypto: 82% sought investment advice in 2022

Despite a challenging year for crypto, 82% of millionaire clients had looked into investing in digital assets such as Bitcoin (BTC) in 2022, according to a recent poll conducted by financial advisory firm deVere Group.

31.01 / 07:13

business Law FTX Loans Bankruptcy FTX sister company Alameda Research sues Voyager Digital for $446M

Embattled crypto investment firm Alameda Research is suing bankrupt crypto lender Voyager Digital in an effort to claw back loan repayments FTX made before it collapsed in November.

31.01 / 05:15

business Twitter Adoption Payments Mind elon Elon Musk wants Twitter payments system built with crypto in mind

Twitter chief Elon Musk has reportedly instructed his developers to build the platform’s payments system in such a way that crypto functionality can be added in the future.

31.01 / 03:47

business FTX Court Fried Sam bail Sam Bankman-Fried's $250M bail guarantors to be made public, says judge

The two people who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could have their identities revealed next month after a recent ruling by United States District Judge Lewis Kaplan.

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