Business Financial News
31.01 / 01:19
business
ETF
Grayscale
Digital Currency Group
GBTC
ETF approval
Osprey sues Grayscale for misrepresenting likelihood of GBTC ETF approval
Digital asset manager Osprey Funds filed suit against Grayscale Investments in Connecticut Superior Court on Jan. 30, alleging violation of the state’s Unfair Trade Practices Act. The suit concerns Grayscale advertising and promotion of the Bitcoin (BTC) exchange-traded fund (ETF) it is seeking to create.
30.01 / 20:53
business
Blockchain
Technology
transactions
Price Analysis
Digital asset investment products see highest inflows since July 2022: Report
On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investments experienced a surge in inflows last week, reaching $117 million, the highest since July 2022.
30.01 / 17:35
business
Adoption
Web3
credit cards
Stripe
Credit cards can bridge Web2 to Web3, says music industry exec
Last year proved that the Web3 space is not just a phenomenon but rather the future of digital interactions. However, as pervasive as the space has become, many are still skeptical as to how it can and will be a part of their lives.
30.01 / 15:09
business
Binance
Bitcoin
Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’
Cryptocurrency exchange Binance has been silently shutting down multiple accounts on the platform in relation to the Bitzlato investigation, according to several users.
30.01 / 12:29
business
Mining
Hash Rate
income
Bitcoin
Dollar
Bitcoin mining revenue jumps up 50% to $23M in one month
As Bitcoin (BTC) shows a minor bull run, the connected sub-ecosystems’ year-long struggle for survival has started to pay off. For starters, the Bitcoin mining community experienced a 50% increase in revenue — through mining rewards and transaction fees — in the first month of 2023.
30.01 / 10:19
30.01 / 09:35
business
Blockchain
Art
Adoption
NFT
Bitcoin Community
Bitcoin
debate
place
Ordinals protocol sparks debate over NFT's place in the Bitcoin ecosystem
The recent launch of a nonfungible token (NFT) protocol on the Bitcoin mainnet has the crypto community divided over whether it’ll be good for the Bitcoin ecosystem.
30.01 / 09:31
business
Blockchain
transparency
Shuts Down
network
Secret Network validator shuts down nodes after leadership turmoil
A major validator for the privacy smart contract layer-1 blockchain Secret Network has announced that it will no longer provide nodes and support for the network.
30.01 / 07:07
business
regulation
FTX
ASIC
Aussie regulator flagged concerns about FTX months before collapse: Report
Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as much as eight months before the exchange met its untimely end in November.
30.01 / 06:17
business
cryptocurrency
crypto news
Bitcoin
Top Cryptocurrency Prices Today January 30: Bitcoin up 3%, cryptos in green
Major cryptocurrencies traded in the green early on January 30 as the global crypto market cap increased 1.77 percent to $1.07 trillion, over the last day. The total crypto market volume over the last 24 hours is $49.61 billion, which makes a 24.92 percent increase.
29.01 / 04:17
business
Blockchain
NFT
Health
Startups
Medicine
Yuga Labs
Yuga Labs co-founder to take leave of absence due to health reasons
Nonfungible token (NFT) entrepreneur Wylie Aronow of Yuga Labs — the team behind Bored Ape Yacht Club (BAYC) and CryptoPunks — will be taking a leave of absence from the office to manage a host of heart failure symptoms.
28.01 / 23:35
business
Mining
Bitmain
Core Scientific files motion to sell over $6M in Bitmain coupons
Bankrupt Bitcoin (BTC) mining firm Core Scientific filed on Jan. 25 an emergency motion seeking to sell Bitmain coupons worth $6.6 million, according to court records.
28.01 / 20:13
business
FTX
Bankruptcy
Fried
Sam
Sam Bankman-Fried seeks to access FTX funds
Sam Bankman-Fried's legal team is seeking to remove a bail condition that prevented him from accessing FTX's funds, according to court filings from Jan. 28.
28.01 / 10:43
business
Adoption
Binance
CZ predicts ‘existential implications’ for anti-crypto traditional finance
As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng ‘CZ’ Zhao believes this move could potentially have a negative impact on such traditional financial players.
28.01 / 09:07
28.01 / 00:09
business
Ripple
XRP
SEC
New Ripple president says her job is to continue to scale amid crypto winter
Monica Long has been named the new president of Ripple, moving up from general manager. Long joined the company in 2013 as director of communications and expanded her role last year from general manager of RippleX, the blockchain development side of the business, to general manager of the company as a whole, adding RippleNet, the company’s financial network, to her purview.
27.01 / 22:45
business
Funding
Venture Capital
Bankruptcy
Celsius
NOT
Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)
Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company managed to avoid bankruptcy after receiving a $400 million lifeline in July 2022. The problem? Its lender was FTX US, and we all know what happened next.
27.01 / 21:39
business
defi
solana
lending
Solana DeFi project Friktion shuts down its user platform
Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26.
27.01 / 21:39
business
regulation
Banks
Federal Reserve
Central Bank
banking
Reserve
Fed denies Custodia Bank application to join the Federal Reserve System
The United State Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsistent with the required factors under the law.” It also claimed Custodia had an “insufficient” management framework and cited an earlier joint declaration by the Fed with the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency that found crypto assets to be at odds with sound banking practices.
27.01 / 16:09
business
Law
regulation
FTX
Court
Lawyers
FTX lawyers to reap millions from the bankruptcy case: Report
Controversial law firm Sullivan & Cromwell is on track to reap a fortune from its work on the bankruptcy case of the FTX cryptocurrency exchange, according to a new report.
27.01 / 09:07
business
Blockchain
Adoption
Investments
SEC
us government
Wall Street
US securities regulator probes Wall Street over crypto custody: Report
The United States Securities and Exchange Commission (SEC) has been probing traditional Wall Street investment advisors that may be offering digital asset custody to its clients without the proper qualifications.
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