Business Financial News

27.01 / 08:29
business Mining regulation NASDAQ shares Bitcoin class action Argo Blockchain accused of misleading investors in class action lawsuit
Investors of crypto mining firm Argo Blockchain have filed a class action lawsuit accusing the miner of making untrue statements and omitting key information during its initial public offering (IPO) in 2021.
27.01 / 08:29
business Mining Energy Court Bitcoin Power Bitcoin Miner Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court
Canada-based Bitcoin (BTC) miner Hut 8 Mining Corporation has ramped up its ongoing fight with its power supplier for one of its mining sites, filing a lawsuit in a Canadian court.
27.01 / 07:35
business Binance Court Bankruptcy Celsius Leaked bids: Binance, Galaxy Digital among secret bidders for Celsius assets
At least five firms placed bids on Celsius Network’s crypto assets, including Binance, Bank To The Future and Galaxy Digital, according to leaked information shared by crypto blogger Tiffany Fong. 
27.01 / 05:17
business Blockchain regulation AML Money laundering UK government Financial Services regulatory UK's FCA hints at why its given only 15% of crypto firms the regulatory nod
Despite the plans to turn the region into a bustling crypto hub, the United Kingdom’s financial watchdog says it has given the all-clear to only 41 out of 300 crypto firm applications seeking regulatory approval to date.
27.01 / 01:09
business Stablecoin Bloomberg Financial Services moody’s Moody’s to build scoring system for stablecoins: Report
Credit rating firm Moody's is allegedly developing a scoring system for stablecoins, with analysis for up to 20 digital assets, Bloomberg reported on Jan. 26, citing unnamed sources. 
27.01 / 01:09
business Law regulation Digital Asset Bankruptcy Standard ISDA releases standard definitions for digital asset derivatives
The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto exchange firms, according to a statement released on Jan. 26. 
27.01 / 01:09
business regulation Bitcoin Regulation Bitcoin 21Shares SEC once again rejects ARK 21Shares Bitcoin ETF listing
The SEC has once again rejected a proposal to list the ARK 21 Shares Bitcoin ETF on equities exchange Cboe BZX, according to Jan. 26 statement from the SEC. The SEC rejected a similar proposal in April, 2022.
27.01 / 00:01
business defi Web3 Chain Cross-Chain network 88x Finance partners with Axelar Network for cross-chain yield aggregator
The crypto bear market may be lasting longer than expected, but some Web3 startups see it as the perfect opportunity to build solutions and infrastructure that will welcome users and institutions when the next wave of adoption arrives.
26.01 / 23:07
business Blockchain NFT Porsche NFT trading volume nears $5M despite launch woes, minting halt
German luxury car manufacturer Porsche's nonfungible token (NFT) collection reached 2,839 Ether (ETH) ($4.5 million) in total sales volume, according to data from NFTScan at the time of writing on Jan. 26. The collection had a floor price of 2.74 ETH and a high price of 9.18 ETH, with over 1,705 total sales. 
26.01 / 22:25
business Payments Investments stocks Crypto-friendly Stripe weighs public offering: Report
Internet payment processor Stripe is reportedly eyeing a public offering and has set a 12-month timeline to explore the possibility.
26.01 / 22:25
business Gemini Grayscale FTX Winklevoss Twins Digital Currency Group Opinion: Barry Silbert keeps quiet as Genesis goes down in flames
Just two months after the collapse of FTX, Genesis is following suit.
26.01 / 16:41
business Adoption Tether community United Nations Tether moves to combat child abuse content marketplaces
Tether aims to increase visibility and mitigate controls of cryptocurrency payments used in child abuse content marketplaces through a collaboration with INHOPE. 
26.01 / 16:41
business Blockchain Polygon Podcast Former Polygon VP of growth shares the secrets behind major partnerships
Ethereum scaling solution, Polygon, has witnessed a lot of adoption through partnerships with major brands like Starbucks and Addidas, which has increased the network's popularity among cryptocurrency users. The former vice president of growth, Arjun Kalsy, breaks down how Polygon has attracted partnerships with major brands and how the project is driving mass crypto adoption. 
26.01 / 14:33
business regulation Investments FTX investigation SBF allegedly used FTX money to invest $400M in obscure VC firm
Authorities in the United States might have discovered yet another possible component of Sam Bankman-Fried’s (SBF) cryptocurrency empire.
26.01 / 14:09
business Stablecoin Adoption Tether Cryptocompare Terra Usd Usd Coin ATH Algorithmic stablecoin market share dropped by 10x from ATH: Report
The notorious failure of the Terra USD (UST) affected the crypto market in general, but it’s the algorithmic stablecoins alike that took the harshest punch. Since its peak in April 2022, the market share of algorithmic stablecoins shrank almost tenfold. 
26.01 / 13:29
business Law NFT NFT collector sues OpenSea for locking account after being scammed
A nonfungible token (NFT) collector is taking legal action against the OpenSea NFT marketplace for several allegations, including being locked out of his account for more than three months after being a victim of a phishing scam. 
26.01 / 12:23
business regulation coinbase Breaking: Coinbase fined $3.6M in the Netherlands
De Nederlandsche Bank (DNB),the Dutch central Bank, fined cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million), due to non-compliance with local regulations for financial service providers, according to a Reuters report on Jan 26. 
26.01 / 09:27
business Law defi DEX Decentralized Exchange Court Mango Markets sues Avraham Eisenberg for $47M in damages plus interest
Mango Labs, the company behind the decentralized finance (DeFi) protocol Mango Markets has come out with its own lawsuit against exploiter Avraham Eisenberg.
26.01 / 09:27
business Blockchain SEC us government Congress Senate Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren
United States senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission (SEC) to “double down” on its crypto enforcement efforts, highlighting that the cryptocurrency industry is running “scared” for what’s to come next.
26.01 / 09:27
business regulation FTX Court Bankruptcy Celsius Lawyers FTX lawyers: Examiner could cost $100M and ‘provide no benefit’
An investigation into FTX’s collapse by an examiner could cost the firm upwards of $100 million without providing any benefit to creditors or equity holders, argues lawyers representing the bankrupt crypto exchange. 
26.01 / 07:49
business FTX Court Bankruptcy Sky Mavis Charities FTX creditor list shows airlines, charities and tech firms caught in collapse
A complete list of the creditors owed money by the bankrupt cryptocurrency exchange FTX has been released, revealing a myriad of companies and government entities wrapped up in its collapse.

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