Business Financial News

26.01 / 05:39

business Stablecoin regulation SEC NYSE Financial Times Usd Coin Circle denies blaming SEC for shuttered $9B plan to go public

A spokesperson for USD Coin (USDC) issuer Circle has denied reports that it blames the United States Securities and Exchange Commission (SEC) over its failed $9 billion plan to go public in December.

26.01 / 03:43

business Government Blockchain Law Adoption SEC us government Lawyers regulatory Crypto lawyers to be in demand as regulatory pressure reaches boiling point

Crypto-versed lawyers will play an increasingly important role in Web3 firms — particularly after the implosion of FTX and the industry braces for regulatory turbulence, two legal academics believe.

26.01 / 00:21

business Grayscale Venture Capital Digital Currency Group 500 DCG companies have laid off over 500 employees as contagion spreads

Hundreds of people have lost their jobs at companies owned by crypto venture capital firm Digital Currency Group (DCG), as the long crypto winter, made colder by the FTX collapse, continues to affect the sector.

25.01 / 22:33

business Blockchain South Korean prosecutors request arrest warrant for Bithumb owner: Report

According to local news outlet infomax.co.kr, South Korean prosecutors have requested an arrest warrant on Jan.25 for Kang Jong-Hyun, chairman and actual owner of cryptocurrency exchange Bithumb. Jong-Hyun is wanted on allegations of embezzlement related to his activities at the exchange.

25.01 / 22:11

business Twitter Robinhood Hackers Scams Hackers take over Robinhood’s Twitter account to promote scam token

An unknown group or individual has hacked the Twitter account behind crypto and stock trading platform Robinhood to push users to buy a 'new' token.

25.01 / 19:19

business Blockchain NFT Gemini Nifty Gateway co-founders resign amid Gemini woes

In a Twitter thread posted on Jan. 25, Duncan Cock Foster and Griffin Cock Foster, co-founders of nonfungible token (NFT) auction platform Nifty Gateway, announced their resignations effective immediately. In supporting the decision, Duncan said they were leaving because “Griffin and I are founders at heart, and we want to start another company.”

25.01 / 17:39

business defi Funding Venture Capital Cosmos boost Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption

Injective, a layer-1 blockchain protocol founded in 2018, has launched a $150 million ecosystem fund to support developers building on the Cosmos network.

25.01 / 16:29

business CBDC UK government Bitcoin Community Bitcoin UK Bitcoin community reacts to incoming CBDC and digital pound rollout

The UK Government's economic and finance ministry, HM Treasury, is recruiting for a Head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as "Important, complex, and cross-cutting" and will "require extensive engagement across and beyond the HM Treasury."

25.01 / 14:37

business Blockchain Provident Platform Strategy DAO Power Smart contracts to power day-to-day Web3 company operations

Web3 firm MetisDAO Foundation launched Koris, a smart contract-based platform that allows decentralized organizations to operate and manage communities through an end-to-end operational infrastructure.

25.01 / 12:03

business Law regulation Bitcoin Cash Genesis sues Roger Ver for $20M over unsettled crypto options trades

Bitcoin Cash (BCH) advocate Roger Ver has sued by a unit of crypto lending firm Genesis over unsettled crypto options amounting to $20.8 million.

25.01 / 09:57

business FTX Bankruptcy Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout

Australian cryptocurrency exchange Digital Surge appears to have narrowly avoided collapse, despite having millions of dollars in digital assets tied up in the now-bankrupt FTX crypto exchange.

25.01 / 06:31

business Stablecoin CBDC Adoption Payments VISA Central Bank play Stablecoins and CBDCs might play 'meaningful role' in payments — Visa CEO

The chief executive of credit card giant Visa remains confident that blockchain-powered solutions can be integrated into its services and offerings to power the next generation of payments.

25.01 / 06:31

business FTX Court Bankruptcy Breaking: BlockFi uncensored financials reportedly shows $1.2B FTX exposure

Bankrupt crypto lending firm BlockFi has reportedly uploaded uncensored financials by mistake, revealing $1.2 billion in assets tied up with bankrupt exchange FTX and its related trading firm Alameda Research.

25.01 / 04:11

business Blockchain Web3 Mobile Games GameFi Blockchain Game Casual gamers a ‘critical’ audience for blockchain games: GameFi execs

The casual gaming market will remain a crucial audience for blockchain games and nonfungible tokens (NFTs) in gaming, according to three blockchain gaming company co-founders.

25.01 / 04:11

business regulation SEC Grayscale Court GBTC Bitcoin Court to hear oral arguments in Grayscale’s lawsuit against the SEC in March

A United States appeals court is set to hear the oral arguments relating to Grayscale Investment’s lawsuit against the Securities and Exchange Commission (SEC) over its decision to deny Grayscale’s Bitcoin (BTC) spot exchange-traded fund (ETF).

25.01 / 01:37

business Government Blockchain Technology coinbase Coinbase stock Surojit Chatterjee to retain 249,315 shares of Coinbase stock after departing company

Surojit Chatterjee, the former chief product officer at Coinbase, will officially leave the company on February 3rd after reportedly making an estimated $105 million in stock sales.

25.01 / 01:37

business Mining Funding Bitcoin Bitcoin Price Blockstream raises $125M to finance expanded Bitcoin mining operations

Digital asset infrastructure company Blockstream has raised $125 million to finance its Bitcoin (BTC) mining colocation services, underscoring heightened demand for its institutional hosting services amid the bear market.

25.01 / 01:37

business regulation Investments lending Bankruptcy creditors New 'Celsius token' may be used to repay creditors: report

Bankrupt crypto lending firm Celsius may issue its own token to repay creditors, according to a January 24 report from Bloomberg. The report cites a video court hearing as the source of the information.

24.01 / 21:29

business Binance FTX exchanges Quadrigacx Binance Coin Opinion: Crypto exchanges keep failing, so why do we still trust Changpeng Zhao?

Cryptocurrency has faced more than its fair share of catastrophes, nearly all of which seemed as though they might end or at least seriously impede the continued growth of the sector. Yet despite the many “teachable moments,” the social layer of crypto refuses to learn its lesson and continues to place its trust in the hands of individuals rather than fully utilize the technologies it claims to support.

24.01 / 17:15

business Web3 Funding Venture Capital valuation Blockchain developer QuickNode raises $60M at $800M valuation

Blockchain development platform QuickNode has closed a $60 million funding round as part of a global expansion intended to onboard more users and developers to Web3 applications.

24.01 / 17:15

business wallet Bitcoin Binance holds token collateral and user funds on same wallet by ‘mistake’

Major cryptocurrency exchange Binance reportedly admitted that it mistakenly stores some customer funds in the same wallet with its collateral for some in-house tokens. After the revelation, Binance started the process of transferring the assets in question to dedicated collateral wallets.

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