Business Financial News

11.01 / 01:31

business Blockchain Crypto.com delists USDT for Canadian users following OSC ban

According to user reports on Jan 10, cryptocurrency exchange Crypto.com plans to delist Tether (USDT) for Canadian users effective Jan 31, 2023. According to the firm, if users do not withdraw or convert their USDT assets by the deadline, then their Tether will be automatically converted into USD Coin (USDC).

11.01 / 01:31

business defi Crypto service Tap Global becomes first 2023 listing on UK stock exchange

UK crypto app Tap Global has become the first 2023 listing on the Aquis Stock Exchange (AQSE), according to a press release from the company. The listing was accomplished through a reverse takeover by Quetzal Capital, according to a press release on Jan. 10.

11.01 / 01:31

business security exchanges Customers Crypto exchanges need to start giving customers their keys

The business model that cryptocurrency exchanges currently use relies on ignorance and fear.

11.01 / 01:31

business Stablecoin Binance Dollar Backed Binance pushes back against report stablecoin isn’t fully backed

Major crypto exchange Binance initially pushed back against a Bloomberg report that its Binance-Peg BUSD stablecoin “doesn’t always appear to have been completely backed by BUSD”.

11.01 / 01:31

business Developers Web3 Funding Backed Sandeep Nailwal-backed Web3 accelerator launches demo day for first cohort

Web3 accelerator Beacon has wrapped up its first cohort with 13 graduating companies and has provided a venue for project founders to demo their blockchain-based startups.

10.01 / 23:29

business Government Blockchain Ex-Coinbase manager's brother sentenced to 10 months in insider trading case

The brother of a former Coinbase product manager, Nikhil Wahi, has been sentenced to 10 months in prison for wire fraud conspiracy charges, in what is believed to be the first insider trading case involving cryptocurrency.

10.01 / 21:39

business Blockchain Technology Features The Easy Company secures $14.2M funding for new crypto wallet with social features

The Easy Company, a startup focusing on building a consumer layer for the decentralized web, has raised $14.2 million in a seed round for its “social” crypto wallet, which seeks to help onboard more mainstream audiences into the Web3 ecosystem.

10.01 / 19:57

business Technology Adoption Job Remote work could redefine the global workforce for good

As the global economy continues to reel from the devastation caused by the COVID-19 pandemic, there is increasing data suggesting that more and more people are now favoring a remote work-based lifestyle. In this regard, a survey sample of working United States citizens shows that Millennial and Generation Z workers prefer joining a remote workforce and decentralized autonomous organizations (DAOs) as opposed to going to an office.

10.01 / 17:35

business Gemini Cameron Winklevoss: 'There is no path forward as long as Barry Silbert remains CEO of DCG'

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, has penned an open letter to the board of Digital Currency Group, or DCG, saying CEO Barry Silbert was “unfit” to run the company.

10.01 / 17:03

business regulation Fraud South Korean regulators target Bithumb in new probe

The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports.

10.01 / 17:03

business coinbase Job Coinbase to cut another 20% of its workforce in the second wave of layoffs

Major cryptocurrency exchange Coinbase is starting 2023 with more layoffs, letting go of another 20% of its employees in a second major wave of layoffs.

10.01 / 17:03

business Blockchain Binance Trading Binance employees to adhere to 90-day period prior to trading

Crypto exchange Binance has been a major talking point since the downfall of FTX, both inside and outside of the crypto industry. The company and its founder, Changpeng "CZ" Zhao, have been under a microscope in an attempt to keep the behemoth in line.

10.01 / 15:07

business Adoption Ripple TradFi Ripple exec expects more crypto acquisitions by TradFi in 2023

The cryptocurrency industry will see increased consolidation in 2023 as healthier companies acquire more crypto and blockchain companies, according to a senior executive at Ripple.

10.01 / 13:55

business Blockchain Europe IBM Turkish automaker Togg onboards Metaco for crypto custody and governance

Turkish automotive company Togg announced a partnership with Metaco, a digital asset custody orchestration technology provider, to secure its open mobility ecosystem built on Avalanche.

10.01 / 10:19

business Law Investments Bloomberg Fried FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case

As the investigation into FTX continues, the crypto exchange’s former engineering chief Nishad Singh followed former FTX and Alameda Research executives Gary Wang and Caroline Ellison by reportedly meeting with federal prosecutors to cut a deal.

10.01 / 10:19

business Law Mark Cuban to face questioning under oath over promotion of Voyager

Dallas Mavericks owner Mark Cuban is set to be deposed next month as part of a defense against a proposed class-action lawsuit alleging that he promoted a Ponzi scheme” in the form of now-bankrupted crypto lender Voyager Digital.

10.01 / 08:47

business FTX Bankruptcy LedgerX FTX units on auction block draws 117 interested buyers: Court filing

As many as 117 parties have expressed interest in buying up one or more of FTX’s independently operated subsidiaries including FTX Japan, FTX Europe, LedgerX and Embed.

10.01 / 08:47

business Blockchain Cybersecurity Scams crypto phishing SlowMist 5 sneaky tricks crypto phishing scammers used last year: SlowMist

Blockchain security firm SlowMist has highlighted five common phishing techniques crypto scammers used on victims in 2022, including malicious browser bookmarks, phony sales orders and trojan malware spread on messaging app Discord.

10.01 / 04:07

business Blockchain Mining NY law firm investigates potential 'securities fraud' at Core Scientific

A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “securities fraud and other unlawful business practices" which led to its stock price falling on several occasions.

10.01 / 00:01

business lending Assets Bankruptcy BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11

Crypto lending firm BlockFi has announced it will disclose information on its assets and liabilities as well as payments received prior to its bankruptcy filing in November.

09.01 / 23:31

business Mining stocks Federal Reserve Bitcoin mining stocks surge with broader market as traders see less aggressive Fed

Shares of publicly traded Bitcoin (BTC) miners surged on Jan. 9 as traders piled into equity markets amid growing bets that the United States Federal Reserve would soon be able to relax its aggressive fight against inflation.

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