Business Financial News

19.01 / 09:31

business Grayscale Bankruptcy Usd Coin CoinDesk could be up for grabs as parent company DCG scrambles for funds

Crypto media outlet CoinDesk is reportedly considering a potential sale as its parent company Digital Currency Group (DCG) looks to strengthen its balance sheet.

19.01 / 08:39

business Blockchain Stablecoin Adoption Carbon Trading Aussie 'Big 4' bank mints stablecoin for carbon trading and remittances

National Australia Bank (NAB) is set to become the second “Big 4” Australian bank to launch an Australian dollar-pegged stablecoin on the Ethereum network.

19.01 / 05:31

business Blockchain Ripple SEC Ripple CEO: XRP lawsuit resolved by June, SEC conduct 'embarrassing'

Ripple CEO Brad Garlinghouse expects the firm’s long-running dispute with the Securities Exchange Commission (SEC) will be finalized within “single-digit months” and remains confident in securing a favorable outcome.

19.01 / 04:25

business Blockchain Adoption MetaMask ConsenSys slashes headcount 11% as chief economist reveals formula for adoption

ConsenSys, the parent company behind MetaMask, is letting go of 11% of its workforce, with CEO Joseph Lubin blaming “uncertain market conditions” brought on by recent collapses.

19.01 / 02:09

business UPS CEO FTX stake Media startup says it will buy back $10 million SBF stake: Report

Media start-up Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million share of the company, according to a January 18 report from the New York Times. The report stated that Semafor will seek to raise money from other sources to make up for what it is giving back.

19.01 / 02:09

business Fraud exchanges SBF says Sullivan & Cromwell contradicted itself with insolvency claims

Law firm Sullivan & Cromwell contradicted itself when it stated that shuttered crypto exchange FTX US is insolvent, former CEO Sam Bankman-Fried claimed in a Jan. 17 blog post that was shared on Twitter.

19.01 / 02:09

business FTX Bankruptcy Sam FTX profited from Sam Bankman-Fried’s inflated coins: Report

Sam Bankman-Fried, the former CEO of the FTX crypto exchange, used his influence in the crypto industry to inflate some coins prices through a coordinated strategy with FTX’s sister company, Alameda Research, a New York Times report claimed on Jan. 18.

18.01 / 23:23

business Central Bank Euro Spain's central bank approves euro-linked token pilot as part of sandbox initiative: Report

The financial sandbox ar of the Bank of Spain, or Banco de España, has reportedly approved a project from fintech firm Monei testing a token linked to the euro.

18.01 / 22:43

business Liquidity Digital Currency Group Bankruptcy Genesis is planning to file for bankruptcy: Report

Cryptocurrency lending firm Genesis Global Capital, a subsidiary of crypto conglomerate Digital Currency Group, is reportedly preparing to file for bankruptcy as early as this week.

18.01 / 21:59

business Blockchain Technology Binance Virtual assets Binance registers as virtual assets service provider in Poland

Cryptocurrency exchange Binance announced plans on Jan. 18 to enhance its local presence in Poland while remaining compliant with local regulations.

18.01 / 21:03

business NFT Marketplace Rarible adds marketplace builder for Polygon-based NFT collections

Nonfungible token (NFT) marketplace Rarible has announced the launch of a marketplace builder that lets artists and projects customize a marketplace for their NFT collections based on Polygon.

18.01 / 20:23

business regulation Fraud crimes FTX fallout: SBF trial could set precedent for the crypto industry

After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating securities laws.

18.01 / 20:05

business Blockchain Venture Capital Deal Deal Box launches $125M blockchain and Web 3 venture fund

According to a press release published on Jan. 18, U.S.-based capital markets advisory and token offering platform Deal Box has launched a new $125 million venture capital arm dedicated to blockchain and Web 3.0 startups. The fund, dubbed Deal Box Ventures, will invest in companies categorized in the emerging growth, real estate, fintech, funtech, and social impact fields. Commenting on today's development, Thomas Carter, founder and chairman of Deal Box, said:

18.01 / 17:27

business World Economic Forum Davos Crypto miner explains how Bitcoin mining stabilizes grids

2022 was “the perfect storm” for Bitcoin (BTC) miners, according to Jaime Leverton, CEO of Hut8 mining, one of the largest crypto miners and digital asset experts in the space.

18.01 / 16:47

business Altcoin solana stock exchange Swiss Crypto Staking 21Shares 21Shares debuts crypto staking ETP on BX Swiss exchange

Switzerland-based cryptocurrency firm 21Shares is betting on proof-of-stake (PoS) coins by launching a new crypto exchange-traded product (ETP) dedicated to staking.

18.01 / 13:11

business coinbase Bitcoin Coinbase stops Japan operations amid trading slump

Despite Bitcoin (BTC) returning to pre-FTX collapse price levels, the contagion still affects the industry, forcing Coinbase cryptocurrency exchange to close operations in Japan.

18.01 / 11:13

business Blockchain Sustainability Space Davos 2023: Education is key to driving sustainability in blockchain and beyond

The World Economic Forum (WEF) in Davos, Switzerland, brings together global leaders and thinkers across various industries to hone in on global issues each year. As the world of crypto and blockchain continues to push into the mainstream view, it, too, has become a topic of discussion at the legacy event.

18.01 / 09:13

business SEC Gemini Kraken Digital Currency Group halts dividends in an effort to preserve liquidity

Venture capital firm Digital Currency Group (DCG) has told shareholders it is halting its quarterly dividend payments until further notice as it attempts to preserve liquidity.

18.01 / 08:35

business Liquidity FTX Bankruptcy Which tokens could FTX dump on the market?

The new management of the bankrupt FTX exchange has identified $5.5 billion in assets that can be used to repay creditors, sparking fears a large swathe of crypto assets could be dumped on markets.

18.01 / 07:59

business Government Blockchain Bitcoin Bitcoin price rise TUCKER Tucker Carlson outlines wild theory to explain Bitcoin price rise: 'Maximum tin foil'

Controversial Fox news television host Tucker Carlson has proposed a curious conspiracy theory that seeks to link airline delays in the United States and Canada with a surge in the Bitcoin price.

18.01 / 05:45

business coinbase Crypto stocks surge: Coinbase up 69%, MicroStrategy up 74% since lows

The share price of cryptocurrency exchange Coinbase has surged by 69% since its all time lows and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps with green candles all around since the start of 2023.

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