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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