Business Financial News

18.01 / 05:45

business FTX Bankruptcy Bitcoin collapses 'There will be many more zeros' — Kevin O'Leary on FTX-like collapses to come

Unregulated crypto exchanges will continue to fall like dominoes post-FTX, with plenty more “meltdowns” to come, warns Shark Tank star and investor Kevin O’Leary.

18.01 / 01:33

business FTX Bankruptcy FTX: it took 'Herculean investigative effort' to identify $5.5B in liquid assets

The debtors behind FTX have identified $5.5 billion in liquid assets but reported a “substantial shortfall of digital assets” at the bankrupt crypto exchange and its U.S. arm.

18.01 / 00:31

business Adoption regulation privacy WEF panel discusses the coming tokenized economy

In a wide-ranging discussion, a panel of blockchain industry personalities at the World Economic Forum (WEF) concluded that the economy will become increasingly tokenized in the future. Carbon credits, housing, electricity, government bonds, forex, and other real-world assets will be traded on the blockchain, according to the panel.

17.01 / 18:23

business Technology Press Release Masa Finance launches soulbound Web3 identity protocol for Ethereum

Masa Finance has launched the first soulbound identity protocol for the Ethereum mainnet, according to a Jan. 17 press release shared with Cointelegraph. The protocol will allow for standardized soulbound tokens to be minted on Ethereum for Know Your Customer verification, credit scores and other use cases.

17.01 / 18:11

business Adoption Investments Hong-Kong investment fund raises $500M to push mass adoption in Web3

Despite the ongoing crypto winter, which has affected many businesses in the greater Web3 space, investments continue pouring into the space.

17.01 / 18:11

business Funding Africa Web3 games publisher Carry1st raises $27M

Mobile games publisher Carry1st has closed a $27 million funding round to advance its publishing and digital content creation platform in Africa — a region its backers say is ripe for Web3 adoption.

17.01 / 17:15

business interview World Economic Forum Davos 'I thought SBF was the Mark Zuckerberg of crypto,' says Anthony Scaramucci

In a candid interview with Cointelegraph at the World Economic Forum in Davos, Anthony Scaramucci, cofounder of SkyBridge Capital, lambasted Sam Bankman-Fried and shed light on his crypto portfolio.

17.01 / 15:53

business Banks banking reports Silvergate reports $1B net loss in the fourth quarter of 2022

Silvergate Bank, which currently faces a class-action lawsuit over its FTX and Alameda dealings, has announced a $1 billion net loss attributable to common shareholders in the fourth quarter of 2022.

17.01 / 13:05

business regulation lending Troubled crypto lender Vauld gets extended creditor protection

Embattled crypto lending platform Vauld one more time gets the period of creditor protection from a Singapore court. The company should come up with a revival plan before Feb. 28.

17.01 / 08:49

business FTX Bankruptcy 'Ninth circle of hell' is reserved for SBF for his betrayal: Scaramucci

SkyBridge Capital managing partner Anthony Scaramucci has opened up about the “betrayal” he felt over the actions of FTX founder Sam Bankman-Fried, who he said he once considered a “friend.”

17.01 / 07:35

business Bloomberg Bitcoin Bitcoin Price analyst BTC forming bottom akin to 2018 with one key difference: Bloomberg analyst

Mike McGlone, Bloomberg's senior commodity strategist believes Bitcoin (BTC) could be developing a "bottom" in the same way it did prior to 2019's bull run but said there is a major difference this time around.

17.01 / 04:13

business Blockchain Technology Alameda wallet under liquidator control incurred $11.5M in losses: Arkham

The liquidators of Alameda Research have reportedly incurred at least $11.5 million in losses since taking control of Alameda's trading accounts.

17.01 / 02:31

business Law Investments CoinFLEX clarifies position on possible new 3AC project amid backlash

Amid mounting criticism on social media, crypto investment firm CoinFLEX has attempted to clarify its plans to build a new crypto exchange with Three Arrows Capital (3AC).

16.01 / 21:03

business Blockchain Ethereum Bitcoin NOT How crypto tokens (not Bitcoin) will outperform stocks in 2023, Arca’s CIO explains

Digital assets will largely decouple from traditional equity markets in 2023, says Chief Investment Officer at Arca, Jeff Dorman.

16.01 / 20:51

business Government Metaverse Seoul government opens city's metaverse project to public

The Seoul Metropolitan Government has launched its Metaverse Seoul project, allowing residents of the South Korean capital city to access city services in a virtual environment.

16.01 / 19:39

business 3AC, Coinflex founders collaborating to raise $25M for new claims trading exchange

Founders of collapsed crypto hedge fund Three Arrows Capital Su Zhu and Kyle Davies are reportedly trying to raise money for a new cryptocurrency exchange in partnership with Coinflex cofounders Mark Lamb and Sudhu Arumugam. According to a pitch deck, they are looking to raise $25 million.

16.01 / 17:23

business CBDC regulation Financial Times Winter Olympics Costs NOT CBDCs not worth the costs and risks, says former BoE advisor

Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions over the past 12 months. China has rolled out its central bank digital currency (CBDC) to several cities, and it was available for use at the Winter Olympics.

16.01 / 17:23

business Binance Investments Bitcoin Binance to let institutions store crypto with cold custody

Amid the crisis of centralized cryptocurrency exchanges (CEX), crypto exchange Binance is moving to improve its institutional trading services with cold custody opportunities.

16.01 / 16:35

business FTX Bitcoin Monex wants to buy FTX Japan amid bankruptcy proceedings: Report

FTX Japan, one of the four FTX assets put on sale, caught the eye of Monex Group, an online brokerage firm based in Tokyo.

16.01 / 14:07

business Asia Court Bithumb ordered to pay outage damages to investors by South Korean court

The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts.

16.01 / 10:01

business Technology Twitter Adoption index Twitter's crypto price index feature expands to 30 tokens and counting

Twitter has quietly expanded its new crypto feature that enables users to search the price of individual tokens, adding at least another 30 tokens.

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