Business Financial News

13.01 / 15:47

business cryptocurrency Bloomberg Opinion When terminator robots police loan markets

Nine days after Avraham Eisenberg began to borrow curve cryptocurrency tokens on Aave, a decentralised lending platform for digital assets, he found his $38 million loan abruptly liquidated by terminator bots.

13.01 / 15:39

business Law regulation FTX FTX allowed by bankruptcy judge to sell LedgerX, other assets

The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors.

13.01 / 15:25

business PayPal FinTech Cross-border PayPal Xoom adds cross-border remittance on debit card deposit

Financial technology firm PayPal’s international money transfer service, Xoom, has announced a new product that lets users in the United States send money directly to Visa debit card users.

13.01 / 15:25

business Government Court Bitcoin Crypto lender Nexo wants to sue Bulgaria after office raids

Troubled cryptocurrency firm Nexo is planning to sue the Bulgarian government in the aftermath of massive raids at the company’s offices in Sofia.

13.01 / 12:59

business Adoption VISA Europe Huobi and Solaris crypto-to-fiat debit card launches in the EU

As the crypto space continues to expand into the mainstream, bridging the gap between digital currencies and fiat currency is a priority for many legacy financial institutions.

13.01 / 08:41

business Blockchain Adoption Cardano Cardano ecosystem set to expand with custom-built sidechains

Input Output Global (IOG) — the team behind the Cardano ecosystem — will release a software toolkit in late Jan. 2023 that will enable developers to deploy custom-built sidechains on Cardano aimed at improving the ecosystem.

13.01 / 06:25

business Payments Wyre Crypto payments platform Wyre lifts 90% withdrawal cap

Crypto payment platform Wyre has lifted the 90% withdrawal limit it placed on its users earlier this week after securing additional funding.

13.01 / 05:37

business Bloomberg shares Crypto exchange WonderFi confirms merger talks with Coinsquare

Crypto exchange WonderFi, which is backed by crypto investor and billionaire Kevin O’Leary, has confirmed it is in preliminary discussions with fellow Canadian crypto exchange Coinsquare for a possible merger.

13.01 / 04:57

business Court Media Major media outlets demand identities of SBF's $250M bond guarantors

Eight major media companies including Bloomberg, The Financial Times and Reuters have demanded public disclosure of the two individuals responsible for guaranteeing FTX former CEO Sam Bankman-Fried's $250 million bond.

13.01 / 00:49

business Government Blockchain Investments letter Crypto Community unimpressed by SBF’s lengthy substack letter

The crypto community has voiced their opinions on Sam Bankman-Fried’s latest “pre-mortem overview” of the collapse of FTX, published on Jan. 12 as a letter on substack.

13.01 / 00:27

business Europe Nigerian crypto exchange Roqqu receives European virtual currency license

Nigerian crypto exchange Roqqu was granted a virtual currency license for the European Economic Area, after two years waiting for the permission from regulatory authorities. The move allows the firm to operate in 30 countries and broaden its services within one of the world's largest crypto markets.

12.01 / 23:21

business Blockchain Survey businesses 90% of businesses adopting blockchain technology, data

The crypto and blockchain space has had a turbulent past year, but that is not stopping users and enterprises from looking into the industry.

12.01 / 21:11

business Art Bitcoin Miss Universe contestant represents El Salvador with Bitcoin-inspired costume

Actress and model Alejandra Guajardo represented El Salvador in the preliminary competition of the Miss Universe 2022 pageant by wearing a costume featuring Bitcoin during her walk across the stage.

12.01 / 21:11

business Investments Venture Capital Bitcoin Blockchain industry shows signs of stabilizing in 2023: Report

2022 was a rollercoaster ride of ups and downs for the blockchain industry. While the year’s first quarter looked promising, the crypto industry has been on a downward trajectory ever since. While indications of a global macroeconomic slowdown increase, these headwinds hamper the blockchain industry’s potential recovery.

12.01 / 20:15

business Mining Bitcoin Time Mining Bitcoin at home — Is it time to start? Market Talks

On this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining — a home-based crypto mining equipment business.

12.01 / 17:51

business FTX Fried Sam Sam Bankman-Fried: 'I didn’t steal funds, and I certainly didn’t stash billions away.'

Former FTX CEO Sam Bankman-Fried has largely denied the allegations against him in a ‘pre-mortem overview’ of the crypto exchange’s insolvency.

12.01 / 17:03

business Blockchain Ant Jack Ma surrenders control of fintech giant Ant Group

Chinese billionaire and Alibaba founder Jack Ma will no longer control the fintech giant Ant Group as part of recent changes to the company’s corporate structure.

12.01 / 17:03

business Blockchain creditors Breaking: DCG owes creditors over $3B, considering $500M VC portfolio sale

Cryptocurrency broker Genesis Global allegedly owes its creditors more than $3 billion, according to a new report published by the Financial Times on Jan. 12. Its parent, Digital Currency Group (DCG), which also owns Grayscale Investments and its series of digital asset trusts, seeks to sell part of its venture capital holdings to offset the shortfall.

12.01 / 15:35

business Police Nexo offices reportedly raided by police in Bulgaria

Troubled cryptocurrency lender Nexo is facing more pressure from regulators as its offices have been reportedly raided as part of an international investigation.

12.01 / 13:01

business Blockchain Sport Returns Nifty News: ‘Degen’ season returns with feet NFTs, disappointing Game of Thrones NFTs and more

Feetpix.wtf’s newly launched nonfungible token (NFT) collection, “Feetpix,” has seemingly taken the NFT community by storm with surging trading volumes, prompting some to suggest the return of “degen” season.

12.01 / 10:53

business regulation Court Lawyers letter Judge slams senators’ letter against FTX lawyers as ‘inappropriate’

The judge handling FTX’s bankruptcy has reportedly slammed a joint letter from four United States senators calling for an independent examiner in the case.

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