Business Financial News

20.01 / 17:05

business Blockchain Technology Adoption education Web3 Smart Contracts 10 ways blockchain developers can use ChatGPT

Blockchain technology has revolutionized the way we think about data storage and transactions, but it can also be a complex field for developers to navigate. One tool that can help simplify the process is ChatGPT, a large language model created by OpenAI.

20.01 / 17:05

business Gemini lending community Genesis bankruptcy filing sparks various community responses

As the crypto lender Genesis Global Trading filed for Chapter 11 bankruptcy protection in New York, members of the crypto community went on social media to express their thoughts on the matter.

20.01 / 09:45

business Blockchain regulation crimes Cybercrime us government Drop Ransom refusals hit attackers where it hurts: 40% revenue drop in 2022 — Chainalysis

Ransomware victims have seemingly had enough of the extortion, with ransomware revenues for attackers plummeting 40% to $456.8 million in 2022.

20.01 / 09:45

business Blockchain Law us government Court Media Lawyers Daring drive-by at SBF’s: 3 men drove into barricade and fled: Lawyers

Three men reportedly drove their car into the metal barricade outside Sam Bankman-Fried’s parent’s home where he is currently under house arrest, SBF’s lawyers claim.

20.01 / 07:57

business Digital Currency Group Bankruptcy Crypto lender Genesis Crypto lender Genesis files for bankruptcy

Cryptocurrency lender Genesis has filed for Chapter 11 bankruptcy in the Southern District of New York,on Jan. 19.

20.01 / 06:31

business Blockchain Adoption Venture Capital Crypto could solve venture capital's due diligence problem — VC exec

Venture capitalists battling with the difficulties of proper crypto firm due diligence should be looking at getting back to the basics — to "trust the chain," a crypto-focused venture fund executive argues.

20.01 / 02:23

markets business Technology Investments Trading Tech Bots are critical a critical tool for retail investors

The thing about the future, where robotic super traders battle over micromovements in stock price, is that it’s already here. With access to algorithmic trading bots a click away, we could be seeing the fall of human investors and the triumph of artificial intelligence.

20.01 / 01:45

business Blockchain Banks FTX exit FTX-linked Moonstone bank to exit the crypto space

Moonstone Bank, a rural Washington state bank that received an estimated $11.5 million investment from FTX’s sister company, Alameda Research, says that it will be exiting the crypto space and returning to its “original mission” as a community bank.

20.01 / 01:45

business Government Blockchain regulation SEC lending us government settlement Nexo agrees to $45M settlement with SEC and NASAA over earn product

Crypto lender Nexo Capital has agreed to pay $45 million in penalties to the United States Securities Exchange Commission (SEC) and The North American Securities Administrators Association (NASAA) for allegedly failing to register the offer and sale of its Earn Interest Product (EIP).

19.01 / 23:59

business Mining stocks Bitcoin Bitcoin Miner Bitcoin miner CleanSpark expands operations in Georgia

Bitcoin (BTC) miner CleanSpark is expanding operations in the state of Georgia, adding to its mining capacity despite the ongoing bear market.

19.01 / 23:59

business Blockchain City of Busan to establish digital assets exchange: Report

According to local news outlet News1, Busan, South Korea will establish a decentralized digital commodities exchange. Officials said the platform is scheduled to start operations this year and will support local cultural content via digital assets.

19.01 / 23:59

business OKX Bitcoin reserves OKX declares $7.5B in liquid assets in proof-of-reserves report

Crypto exchange OKX disclosed $7.5 billion in reserves of Bitcoin (BTC), Ether (ETH) and Tether (USDT) as part of its monthly proof-of-reserves (PoR) report. Based on data from blockchain analytics firm CryptoQuant, OKX claims to have the “largest clean asset reserves among major exchanges.”

19.01 / 21:51

business Blockchain Gaming Blockchain Game Web3 Developers MatchBoxDAO launches esports experience for Web3 developers

MatchBoxDAO — a collective of developers, artists and designers building on-chain gaming infrastructure with StarkNet — has announced the launch of MatchBox Arena, an esports experience specifically designed for developer participation. Dubbing it the “World Cup of the Web3 companies,” the team said the gaming tournament is designed to find out which company has the best technical team.

19.01 / 20:47

business FTX FTX CEO says he is exploring rebooting the exchange: Report

John Ray, who took over as CEO of cryptocurrency exchange FTX prior to bankruptcy proceedings, has reportedly set up a task force to consider restarting FTX.com.

19.01 / 19:57

business Blockchain Binance Binance tightens rules on NFT listings

According to a Jan. 19 announcement by Binance, the cryptocurrency exchange has tightened its rules for nonfungible tokens, or NFT, listings. Starting Feb. 02, 2023, all NFTs listed on Binance before Oct. 2, 2022, and have an average daily trading volume lower than $1,000 between Nov. 1, 2022, and Jan. 31, 2023, will be delisted. In addition, after Jan. 21, 2023, NFT artists can only mint up to five digital collectibles per day.

19.01 / 17:23

business wallet Bitcoin 1inch launches proprietary hardware wallet as self-custody trend grows

Decentralized exchange (DEX) aggregator 1inch Network is the latest cryptocurrency platform to move into the hardware wallet industry amid the rise of self-custody.

19.01 / 17:23

business Blockchain Technology Amazon Ava Labs Ava Labs and Amazon's partnership could “expand the pie” for blockchain

The Amazon Web Services (AWS)-Avalanche “cooperation,” as it was carefully described last week, should almost immediately make it easy for developers to establish nodes on the Avalanche blockchain, including via “one-click node deployment.”

19.01 / 17:23

business Ethereum Developers Funding Support SSV launches $50M ecosystem fund to support ETH staking tech

Validator infrastructure developer ssv.network has launched a new ecosystem fund to support Ethereum proof-of-stake decentralization — a move that the company said would promote innovation around Ether (ETH) staking technologies.

19.01 / 15:27

business Adoption World Economic Forum Davos Metaverse to bring 'true productivity' to industrial environments: Davos 2023

The metaverse continues to be a central talking point among leaders and decision-makers in global industries. For many, the vision of the future of the metaverse is not limited to a gamified version of reality.

19.01 / 14:23

business Law Bitcoin Customers Compass Mining sued for losing Bitcoin mining machines bought by customers

Customers are suing Compass Mining for over $2 million, alleging fraud, after the company cut ties with Russian hosting company Bit River and failed to return customers’ Bitcoin machines, citing a non-applicable United States sanction as the reason.

19.01 / 10:21

business event World Economic Forum Swiss Bitcoin Suisse explains why Swiss is a crypto pivot point: Davos 2023

Switzerland is a “pivot point” for crypto adoption in Europe and continues to be the “center point of the next stage of institutionalization," said Dr. Dirk Klee, CEO of Bitcoin Suisse.

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