Business Financial News
31.10 / 13:23
business
Blockchain
regulation
Fraud
FTX
Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction
Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s terms of service.
31.10 / 10:05
business
Blockchain
regulation
TradFi
TradFi goes crypto: Finance giant brings decades of experience to new crypto exchange
The crypto world is volatile, with users steadily seeking a sense of trust and security. Now, a traditional finance giant, MultiBank Group, wants to change the global perception of crypto for the better with its know-how and expertise spanning over two decades.
31.10 / 06:59
business
CBDC
Adoption
Central Bank
Dollar
e-HKD
Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2
The Hong Kong Monetary Authority (HKMA) is gearing up for the second phase of the e-HKD (e-Hong Kong dollar) pilot program as it announced the successful completion of the Phase 1 trial of its in-house central bank digital currency (CBDC).
31.10 / 06:59
business
Art
copyrights
US judge deals blow to artists in copyright suit over AI generated art
Artists have been dealt a setback in their copyright fight against generative AI firms after a class-action lawsuit against several of the firms was dismissed by a United States judge, citing a lack of evidence.
31.10 / 02:11
business
Twitter
Payments
Social Media
elon
Twitter is now worth half of the $44B Elon Musk paid for it: Report
Elon Musk’s social media platform, X (formerly Twitter), is worth less than half of what the tech billionaire bought it for in October last year, an internal memo has reportedly revealed.
31.10 / 02:11
business
Ethereum
cryptocurrency investment
Gold
Wall Street
Central Bank
Bitcoin
'I don't own Bitcoin, but I should' — legendary investor Druckenmiller
Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he doesn’t own any Bitcoin, he ought to.
30.10 / 17:53
business
FTX
Trial
‘Fuck regulators,’ said SBF behind closed doors: Report
Despite publicly supporting drafting crypto regulation to protect customers, disgraced crypto exchange FTX founder Sam “SBF” Bankman-Fried appears to have shared a deep disdain for regulators.
30.10 / 13:55
business
Adoption
Bitcoin Futures
CME
Futures
Bitcoin
open
surges
CME becomes second-largest Bitcoin futures exchange as open interest surges
The Chicago Mercantile Exchange (CME), a regulated derivatives exchange that lists Bitcoin (BTC) futures, now stands just behind Binance in terms of notional open interest to rank second in the list of BTC futures exchanges.
30.10 / 11:33
business
Adoption
Web3
Middle east
Saudi’s NEOM partners with Animoca Brands for regional Web3 development
Web3 games developer Animoca Brands and Saudi Arabia’s NEOM Investment Fund announced a new partnership on Oct. 30 to drive Web3 development in the region.
30.10 / 09:49
business
Hackers
hacks
regulation
Research
phishing
DAO Attack
3 unique ways hackers are stealing your crypto: Bitrace Report
To track down and counter the sudden disappearance of tokens from crypto wallets requires investors to know the various ways bad actors use to steal cryptocurrencies successfully.
30.10 / 09:49
business
Twitter
Social Media
elon
Elon Musk says posts busted by Community Notes won’t earn revenue share
Posts corrected by X’s community-driven fact-checking feature will be “ineligible for revenue share” to stem the flow of misinformation and sensationalism, said Elon Musk.
30.10 / 07:03
business
cryptocurrency
FTX
Bankman-Fried dodges questions during his US crypto trial
collapsed cryptocurrency exchange FTX, parried with a federal prosecutor on Thursday in high-stakes legal jousting at his criminal fraud trial that seemed to frustrate the judge. Bankman-Fried was scheduled to take the witness stand after three weeks of devastating testimony for the 31-year-old crypto wunderkind, accused of stealing billions of dollars from clients. But federal Judge Lewis Kaplan took the unusual step of sending the jury home Thursday and listening to Bankman-Fried, his defense lawyers and a prosecutor go over technical aspects of his upcoming testimony. The move pushed Bankman-Fried's appearance before the jury back until at least Friday.
30.10 / 03:09
business
Government
Adoption
Bitcoin
Elections
Bukele
El Salvador pro-Bitcoin president Nayib Bukele launches re-election bid
El Salvador president Nayib Bukele has filed paperwork to be re-elected in the country’s upcoming 2024 presidential election in February.
29.10 / 19:29
business
Stablecoin
Tether
Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions
Stablecoin Tether (USDT) has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country, according to data from Brazil’s revenue service agency.
29.10 / 03:35
business
Adoption
Latin America
Bitcoin
Bitcoin-friendly El Salvador can become the 'Singapore of the Americas': VanEck advisor
El Salvador can follow Singapore’s lead and become a financial center in the Americas, says VanEck strategy advisor Gabor Gurbacs.
28.10 / 17:57
business
FTX
fall
Sam Bankman-Fried's perspective on FTX fall
Sam “SBF” Bankman-Fried took the stand this week to testify in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research, while acknowledging making "big mistakes" during the companies’ fast-paced growth.
28.10 / 15:26
business
wallet
Ledger
Bitcoin
Crypto Biz: BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and more
Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate that $8.7 billion has been misappropriated from customers. BlockFi has lent FTX more than $650 million, making it one of the exchange’s largest creditors, which means its customers’ repayment success is tied to FTX’s ability to recover its assets.
28.10 / 05:35
28.10 / 02:17
business
Adoption
us government
Wall Street
Media
Counter Terrorism Financing
Wall Street Journal corrects article misciting Hamas' crypto terrorism funding data
The Wall Street Journal (WSJ) has partially corrected an article whic mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies.
27.10 / 20:43
business
regulation
Kraken
Kraken to suspend trading for USDT, DAI, WBTC, WETH, and WAXL in Canada
Kraken will suspend all transactions related to USDT, DAI, WBTC, WETH, and WAXL in Canada in November, according to multiple customer emails shared with Cointelegraph.
27.10 / 20:00
business
Blockchain
defi
hacks
Uniswap
Token Burn
Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
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