Business Financial News

27.10 / 15:37

business Technology Twitter elon Elon Musk’s X aims to revolutionize finance as a central hub

Elon Musk-owned X (formerly Twitter) aims to position itself as a central financial hub, encouraging individuals to consider using it as their primary financial solution instead of traditional bank accounts.

27.10 / 06:35

business Binance Bloomberg Binance founder CZ’s fortune gets slashed $12B, while SBF is still at $0

Binance co-founder and CEO Changpeng “CZ” Zhao has seen his net worth slashed by $11.9 billion amid falling trading volumes at his exchange.

27.10 / 03:25

business Blockchain FTX SBF grilled in court on deleted messages during testimony

Disgraced FTX founder Sam “SBF” Bankman-Fried tried to explain his rationale for deleting corporate messages during a closed-door testimony without the presence of the trial’s jury on Oct. 26.

27.10 / 03:25

business HTX's Justin Sun claims record profits despite staff cuts

Chinese blockchain personality Justin Sun, who also serves as the de facto owner of crypto exchange HTX (formerly Huobi Global), claims that the firm posted a profit of $98 million in Q3 2023.

27.10 / 03:25

business Law Art NFT Altcoin copyrights Court Ryder Ripps ordered to pay Yuga Labs $1.6M in copyright lawsuit

A United States district court judge has ordered nonfungible token (NFT) artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Club creator Yuga Labs a total of $1.57 million in disgorgement and damages, along with legal fees, bringing an end to the long-running “copycat” NFT lawsuit.

26.10 / 13:27

business Mining Bitmain Bitcoin 2024 Bitmain to start shipping new Bitcoin Antminer T21 in January 2024

Bitmain, a major global manufacturer of Bitcoin (BTC) application-specific integrated circuits (ASIC), has officially released its new air-cooled BTC miner, Antminer T21.

26.10 / 12:55

business Blockchain Ethereum Social Media Web3 Podcast Hashing It Out Friend Hashing It Out: A case for Web3 social media, and is Friend.tech a security?

The Web3 industry continues its mission to disrupt the World Wide Web, and social media is one of its primary targets. In the 34th episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw interviews Ryan Li, co-founder of CyberConnect, about the concept of decentralized social media.

26.10 / 12:55

business Blockchain regulation SEC security Bitcoin Gary Gensler teases details of SEC's $5 billion take from enforcement actions, shades crypto

The United States Securities and Exchange Commission (SEC) chief Gary Gensler’s speech before the 2023 Securities Enforcement Forum shed light on the regulatory body’s enforcement actions that led to $5 billion in judgments and orders. However, Gensler’s dig at the cryptocurrency market became a talking point for the crypto community on social media, where Gensler noted, “Don’t get me started on crypto. I won’t even name all the individuals we’ve charged in this highly noncompliant field.”

26.10 / 08:51

business Payments Web3 MasterCard partnership Bitcoin services Mastercard partners with crypto payment firm MoonPay for Web3 services

Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay.

26.10 / 07:59

business FTX Sam Bankman-Fried has no way to ‘outfox’ prosecutors: Scaramucci

Sam “SBF” Bankman-Fried will be no match for government prosecutors, who will poke holes in his defense when he takes the stand in his criminal trial, said SkyBridge Capital founder Anthony Scaramucci.

26.10 / 05:19

business FTX Court Bankruptcy ai safety FTX probes $6.5M in payments to AI safety group amid clawback crusade

Bankrupt crypto exchange FTX is looking to demand information on millions of dollars in payments it had previously given to a nonprofit AI safety organization — the Center for AI Safety (CAIS).

26.10 / 02:41

business regulation marketing Crypto firms have already breached new UK promo rules 221 times, says FCA

Crypto-promoting firms have breached the United Kingdom’s new crypto marketing rules at least 221 times since coming into force in early October, says the country’s financial regulator.

26.10 / 02:41

business regulation Senate Crowdfunding Elliptic Bitcoin crypto donations Crypto donations raised by Hamas ‘remain tiny,’ says Elliptic

Blockchain forensic firm Elliptic says there’s “no evidence” that Hamas is receiving a significant volume of cryptocurrency donations to fund its attacks against Israel.

25.10 / 21:53

business ETF Bitcoin Hashdex Hashdex sits down with SEC over spot Bitcoin ETF application

Asset manager Hashdex recently held a meeting with the U.S. Securities and Exchange Commission to address the regulator's concerns about its application to allow the Hashdex Bitcoin Futures exchange-traded fund (ETF) to hold spot Bitcoin, a source familiar with the matter told Cointelegraph.

25.10 / 21:45

business Ripple Hardware Wallet Bitcoin Wallet Bitcoin recovery Recovery firm proposes cracking former Ripple CTO's $244M Bitcoin hard drive

A company is petitioning former Ripple chief technology officer Stefan Thomas for a hard drive containing more than 7,000 Bitcoin (BTC) that he has been unable to access for years.

25.10 / 19:59

business Ethereum Binance coinbase FTX FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours

Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors.

25.10 / 14:33

business Blockchain Bitfinex security Tokens bonds Bitfinex Securities announces tokenized bond

Bitfinex Securities, a platform focused on listing real-world tokenized securities, has announced its first tokenized bond that will be listed in November. The new tokenized bond called ALT2611 is a 36-month, 10% coupon bond denominated in Tether (USDT) and issued by Mikro Kapital, a global leader in microfinance.

25.10 / 14:33

Dogecoin business Twitter Tokens Pepe Crypto speculations simmer after cryptic posts on X

The crypto community on X (formerly Twitter) has been thrown into a series of guessing games by a couple of cryptic posts.

25.10 / 12:37

business regulation compliance UK’s FinProm a welcome change, but challenge persists: Transak compliance head

On Oct. 8, the United Kingdom’s Financial Conduct Authority (FCA) imposed new marketing rules compelling cryptocurrency firms to promote their products and services clearly, fairly and transparently.

25.10 / 10:03

business Blockchain regulation SEC Bitcoin Regulation Asset management Bitcoin BlackRock fined $2.5M by SEC for incorrect investment disclosure

The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it managed.

25.10 / 09:41

business crimes FTX Bankruptcy FTX navigates post-bankruptcy options, weighs sale or revival

FTX Trading Ltd., formerly a prominent player in the cryptocurrency exchange sector, is carefully considering its future after going through bankruptcy proceedings.

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