Business Financial News

03.01 / 16:49

business Binance Bitcoin Binance Pay Ukrainian pharmacies enable crypto payments via Binance Pay

Pharmacies in Ukraine are embracing digital payments amid the ongoing war, with a major local pharmacy chain enabling payments in cryptocurrencies like Bitcoin (BTC).

03.01 / 11:41

business regulation FTX Digital Currency Group Terra Su Zhu gets called out by the community as he fires off accusations against DCG

As liquidity issues surround the Digital Currency Group (DCG), Three Arrows Capital (3AC) founder Su Zhu made a Twitter thread containing allegations against DCG and FTX. However, the founder immediately got called out by the crypto community for blaming others and not taking accountability.

03.01 / 11:41

business regulation FTX Financial Services Bahamas regulator denies asking crypto exchange FTX to mint new tokens

The Securities Commission of The Bahamas (SCB) has denied FTX debtors’ claims and expresses concern that the investigation has been ‘impeded.’

03.01 / 11:41

business regulation Fraud Terra Luna Lee Bithumb former chair Lee Jung-Hoon acquitted in the first instance

Lee Jung-hoon, the former chair of the South Korean cryptocurrency exchange Bithumb, was found not guilty on Jan. 3 by the 34th Division of the Criminal Agreement of the Seoul Central District Court.

03.01 / 06:55

business Trading Public filings reveal a $3B crypto trader who still lives with his mom

A 25-year-old crypto investor who traded nearly $2 billion (3 billion Australian dollars) worth of crypto in 2021 ran his crypto empire from the comfort of his parent’s home in Sydney, Australia, according to public records.

03.01 / 05:57

business Blockchain Adoption Bitcoin Crypto technology will shift towards 'steadier hands' in 2023: Circle CSO

Circle's chief strategy officer and head of global policy, Dante Disparte, believes that the turmoil in the crypto sector over the last year could mark the handover of crypto technology to more durable companies and "steadier hands" in 2023.

03.01 / 01:15

business Investments Lightning Network Bitcoin Models and fundamentals: Where will Bitcoin price go in 2023?

Bitcoin (BTC) had a bumpy ride throughout 2022, along with the rest of the digital asset market. The cryptocurrency began the year exchanging hands around $46,700 and is currently trading over 64% down at $16,560 at the time of writing. Consequently, the coin’s market capitalization took a tumble from around $900 billion on Jan. 1, 2022 to end the year at around $320 billion.

02.01 / 20:37

business Blockchain Taxes Italy approves 26% capital gains tax on cryptocurrencies

On Dec. 29, 2022, days before the year’s end, Italy’s Senate approved its budget for 2023, which included an increase in taxation for crypto investors — a 26% tax on capital gains on crypto-asset trading over 2,000 euros (approximately $2,13 at time of publication).

02.01 / 19:15

business BLOCK Gemini letter open Cameron Winklevoss pens open letter to Barry Silbert about Gemini’s blocked funds

Jan. 2 “marks 47 days since Genesis halted withdrawals,” Cameron Winklevoss, cofounder of the cryptocurrency exchange Gemini, pointed out in an open letter to Barry Silbert, CEO of the Digital Currency Group (DCG), which owns Genesis. Winklevoss went on to make a blunt appraisal of DCG’s business practices.

02.01 / 16:47

business economy Banks TradFi Trouble brewing for the US: Two-thirds of TradFi expects a 2023 recession

The United States economy could be in for an upset. Data from a Wall Street Journal survey revealed financial experts expect the country to face an economic downturn this year.

02.01 / 09:55

business Technology Ethereum Vitalik Buterin highlights what he's bullish about for 2023

Ethereum co-founder Vitalik Buterin has shared some bullishness for the year ahead, including reaching a new milestone for rollup scaling as per the Ethereum roadmap.

01.01 / 01:11

business Binance Investments Top crypto Top crypto funding stories of 2022

2022 was a watershed year for crypto venture capital, as investors poured tens of billions of dollars into blockchain-focused startups despite the overwhelmingly bearish trend in asset prices. Is the VC-dominated crypto funding model good for the industry? Only time will tell.

31.12 / 14:07

business regulation Court Fried Sam NOT Sam Bankman-Fried to reportedly plead not guilty to criminal charges

Former FTX CEO Sam Bankman-Fried (SBF), currently free on a $250 million bail bond, will reportedly plead not guilty to the alleged FTX and Alameda-related financial frauds in court on Jan. 3.

31.12 / 01:03

business Blockchain Technology Investments Executive Bithumb’s largest shareholder executive found dead following allegations of embezzlement

Mr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency exchange Bithumb,was reportedly found dead in front of his home at 4 am, on the morning of Dec. 30.

31.12 / 01:03

business Blockchain Technology Investments Fried Sam Sam Bankman-Fried denies moving funds from Alameda wallets

Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied moving funds tied to Alameda wallets, days after he was released on a $250 million bond.

30.12 / 22:39

business Binance MicroStrategy Crypto Biz: Did Michael Saylor buy the Bitcoin bottom for once?

Business intelligence firm MicroStrategy is showing no signs of backing down on its Bitcoin gambit. Right around the time that Sam Bankman-Fried was being exposed as a fraud, MicroStrategy was scooping up more Bitcoin (BTC) — this time, the firm bought as close to the bottom as it’s ever gotten. While Bitcoin can always go lower, seeing a MicroStrategy buy around $17K is refreshing. Interestingly, MicroStrategy also sold some BTC earlier this month — but not for the reason you think (more on that below.)

30.12 / 21:53

business Binance FTX Bankruptcy Companies and investors may need to return billions in funds paid by FTX

The collapse of FTX Group may not yet be the end of its contagious spread, as clawback provisions could force business and investors to return billions of dollars paid in the months leading up to the crypto exchange's collapse, an insolvency attorney told Cointelegraph.

30.12 / 21:01

business Twitter lending FTX 10 crypto tweets that aged like milk: 2022 edition

To put it lightly, it has been a wild year for the crypto sector.

30.12 / 15:49

business FTX Court Here's how SBF’s fake electronics outlet 'North Dimension' looks like

As the malpractices of the FTX continue to pop up and be uncovered by the prosecution, it turns out the disgraced crypto exchange’s customers were sending money to a fake electronic online shop, which was reportedly opened by Sam Bankman-Fried.

30.12 / 15:27

business Blockchain FTX Celsius Investors seek to sell FTX, Celsius, BlockFi, Voyager claims

Instead of waiting for a lengthy bankruptcy process, some investors, who have claims on FTX exchange, Celsius Network, BlockFi and Voyager Digital, are looking to pass on their claims to others.

30.12 / 08:21

business regulation white house SBF met with Biden's senior advisors 2 months before FTX collapse: Report

Former FTX CEO Sam Bankman-Fried met with government officials at the White House on at least four separate occasions in 2022, and reportedly a meeting just two months before the fall of his crypto empire.

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