Business Financial News

16.01 / 07:05
business Blockchain Cannabis California cannabis producer adopts blockchain to track its weed
A California-based cannabis nursery has turned to blockchain and smart contracts to verify the authenticity of its medicinal plants.
16.01 / 05:31
business Adoption Central Bank Tanzania ‘cautious’ on CBDC adoption after initial research
Tanzania's central bank says it is still considering the introduction of a central bank digital currency (CBDC) but will be a taking "phased, cautious and risk based approach" after identifying several challenges that could impact its implementation.
16.01 / 04:53
business Adoption Trading Bitcoin Scaramucci to invest in crypto firm founded by former FTX US boss
SkyBridge Capital founder Anthony Scaramucci is investing in a crypto company founded by the former president of FTX US.
15.01 / 23:47
business Banks Central Bank Bank of Thailand to allow first virtual banks by 2025
Bank of Thailand (BOT) has disclosed plans to allow virtual banks to operate in the country for the first time. Financial firms will be able to provide services by 2025, a Bloomberg report shows. 
15.01 / 22:23
business regulation investigation NOT Nexo investigation is not political, says Bulgarian prosecutors
Siika Mileva, a spokesperson for Bulgaria’s chief prosecutors, denied political motivations behind the probe against the crypto lending firm Nexo, according to local reports. The comments were made in response to claims that the investigation had a connection to the company's political donations.
15.01 / 19:21
business Adoption Scams Navigating the World of Crypto: Tips for Avoiding Scams
Despite the belief of many crypto enthusiasts that centralized exchanges (CEXs) are safer, history has often shown them to be rather vulnerable to attacks.
15.01 / 08:23
business Blockchain regulation Fraud US President Former FTX US President lashes out at 'insecure' SBF in 49-part Twitter thread rant
Former FTX US President Brett Harrison has lashed out at Sam Bankman-Fried for manipulating and threatening colleagues who proposed solutions to reorganize FTX US' management structure. 
15.01 / 06:15
business Blockchain Polygon Developers Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed
Ethereum layer-2 scaling solution Polygon will undergo a hard fork on Jan. 17 in order to address gas spikes and chain reorganizations issues that has affected user experience on the Polygon proof-of-stake (POS) chain. 
15.01 / 01:21
business Hackers hacks Cybersecurity Solana Foundation warns about security incident with Mailchimp
Solana Foundation, the non-profit organization of the Solana Network, disclosed on Jan. 14 a security incident involving its email service provider Mailchimp. 
15.01 / 01:05
business FTX Bankruptcy Alameda Research had a $65B secret line of credit with FTX: Report
Former FTX CEO Sam Bankman-Fried (SBF) reportedly ordered Gary Wang, co-founder of the crypto exchange, to open a $65 billion "secret backdoor line of credit" for Alameda Research, according to FTX attorney Andrew Dietderich. 
14.01 / 20:33
business Mining regulation New York State New York sued by environmental group after approval of crypto mining facility: Report
The New York Public Service Commission (PSC) was sued by environmental activists on Jan. 13 for approving the takeover of a cryptocurrency mining facility in the state.
14.01 / 18:05
business Adoption Gemini FTX Gemini and Genesis’ legal troubles stand to shake up industry further
With investor confidence seemingly at an all-time low thanks to the recent slew of insolvencies, a new saga seems to be now unfolding in real time. This one involves crypto exchange Gemini’s Winklevoss twins and Barry Silbert, CEO of Digital Currency Group (DCG) — the parent firm behind crypto market maker and lender Genesis.
14.01 / 08:49
business FTX Asset management Bankruptcy Buyback SkyBridge stake Skybridge eyes stake buyback from FTX, as Galaxy CEO says he would like to ‘punch’ SBF
SkyBridge Capital CEO Anthony Scaramucci said that his firm can buy back the stake of the company it sold to FTX back in September last year. While Galaxy Digital CEO Mike Novogratz has indicated that he would be tempted to “punch” SBF right in the jaw.
14.01 / 05:15
business NFT YouTube Blockchain Game recovery Logan Paul unveils $1.3M CryptoZoo recovery plan
YouTuber Logan Paul has unveiled a $1.5 million recovery plan for the people who invested in his beleaguered NFT project CryptoZoo.
14.01 / 00:47
business coinbase Digital Currency Group Crypto Biz: DCG’s ‘carefully crafted campaign of lies’?
The monumental collapse of FTX didn’t just destroy a crypto exchange and wipe out billions in customer deposits — it also exposed accounting irregularities at Barry Silbert’s empire, the Digital Currency Group, or DCG. That’s according to Bitcoin (BTC) billionaire and Gemini co-founder Cameron Winklevoss. The FTX blow-up caused Genesis Global Trading, another DCG firm, to pause new loan originations and redemptions — a decision that directly affected Winklevoss’ Gemini Earn program. The pause on withdrawals has been active for nearly two months, prompting Winklevoss to pen two open letters addressed to Silbert and DCG’s board. The second open letter, published this week, claimed that Silbert was “unfit” to run DCG and that there would be no way forward with him at the helm.
14.01 / 00:47
business Blockchain Adoption Health 3 blockchain use cases far beyond crypto
Blockchain use cases have expanded far beyond cryptocurrency in the past years, with multiple industries embracing the technology in a wide range of fields, including healthcare, logistics, and financial services. 
14.01 / 00:47
business Blockchain Trading Lost consolidation Alameda Research liquidators lost $72,000 during a fund consolidation attempt
The liquidators of Alameda Research continue to encounter obstacles in their efforts to recover funds for creditors. Crypto analytics firm Arkham disclosed in a thread on Twitter that Alameda Research liquidators lost $72,000 worth of digital assets on the decentralized finance (DeFi) lending platform Aave while trying to consolidate funds into a single multi-sig wallet.
13.01 / 23:21
business Mining Loans Bitfarms Bitfarms seeks to modify loan facility with BlockFi as bear market drags on
Bitcoin (BTC) mining company Bitfarms has unveiled plans to modify an existing loan agreement with BlockFi — a move the company said would reduce its indebtedness amid the bear market.
13.01 / 21:17
business Mining Bankruptcy Celsius' mining arm announces $1.3M sale of equipment
The mining arm of crypto lender Celsius Network has issued a notice for the sale of $1.3 million worth of mining equipment as part of its bankruptcy case.
13.01 / 17:31
business Law Adoption Trust is key to crypto exchange sustainability — CoinDCX CEO Sumit Gupta
Investor sentiment has always been a critical driver in the crypto space. Both positive and negative sentiment influence ongoing trends — be they price movements, product launches or regulations. In 2022, sentiment worldwide suffered as major crypto firms and ecosystems collapsed, further straining investors amid an unforgiving bear market.
13.01 / 16:41
business Hardware Wallet Bitcoin Bitcoin Price NOT Financial Bitcoin price not more important than financial independence: Trezor CEO
Amid Bitcoin (BTC) seeing significant price increase so far in 2023, one industry executive stressed that there are some features of Bitcoin that are far more crucial than its price.

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