Business Financial News

30.12 / 07:35

business FTX Bankruptcy Customers Non-US FTX customers want private info redacted from bankruptcy filings

A group of non-U.S. FTX customers are pushing to have their names and private information redacted from court documents as part of the crypto exchange’s Chapter 11 bankruptcy process.

30.12 / 06:03

business Netflix Tesla Spotify US stocks stocks and bonds ‘Everything bubble’ bursts: Worst year for US stocks and bonds since 1932

It’s been a torrid year for investors, and not just those in crypto, with United States (U.S.) bonds experiencing their worst year in centuries and U.S. stocks pulling back nearly 20% since 2022 began.

30.12 / 05:11

business Mining Mike Novogratz calls Helios a 'transformative acquisition' for Galaxy

Galaxy Digital Holdings CEO Mike Novogratz has called the Helios mining deal a “transformative acquisition” for the firm as it works to increase its exposure to the Bitcoin mining sector.

29.12 / 22:23

business Blockchain Investments Customer FTX’s Liquid exchange hopes to return customer assets next year

The FTX-owned Japanese crypto exchange Liquid has announced plans to begin the process of returning customer assets in 2023.

29.12 / 20:47

business Blockchain Technology National Over 1,400 Chinese firms operating in blockchain industry, national whitepaper shows

On Dec 29, the state-owned China Academy for Information and Communications Technology, or CAICT, published a document titled "2022 Blockchain Whitepaper." According to the paper, more than 1,400 blockchain firms are currently based in Mainland China. Together with the U.S., the two countries represent a 52% market share in terms of global blockchain enterprises.

29.12 / 19:45

business Blockchain Bitcoin Chinese Communist Party official pleads guilty to helping Bitcoin miners

According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, former Communist Party Secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate People's Court. During his tenure as director from 2008 to 2021, Yi was accused of accepting over 125 million CNY ($18 million) in bribes related to construction programs and illicit promotions.

29.12 / 19:11

business regulation FTX Broker Robinhood shares claimed by BlockFi and FTX may move to a neutral broker

The highly disputed Robinhood shares claimed by both BlockFi and FTX might be transferred to a neutral broker or an escrow account while the courts determine the rightful owner.

29.12 / 13:41

business data Study Research 70% of unregulated exchange transactions are wash trading: NBER study

With exchanges becoming a focus as the FTX fiasco continues, a new research paper suggested that almost three out of four transactions in unregulated exchanges are fake.

29.12 / 11:41

business Twitter Lightning Network Bitcoin Microstrategy Bitcoin purchase divides the crypto community

Software analytics company MicroStrategy recently added more Bitcoin (BTC) to the firm’s holdings. Members of the crypto community had mixed reactions to the move.

29.12 / 09:25

business Twitter Hackers API Leak 3Commas API leak victims demand refunds and apology for 'gaslighting' users

Victims of the 3Commas API leak are calling for refunds and an apology from the crypto trading platform for being gaslighted over the whole ordeal.

29.12 / 09:25

business fees Court Bankruptcy Lawyer Celsius wants to extend the deadline for claims as lawyer fees mount

Bankrupt crypto lender Celsius Network is planning to file a motion that would extend the deadline for users to submit their claims by another month.

29.12 / 07:09

business Court Stanford University Fried Sam bail Sam Bankman-Fried's life on bail: Armed guards, daily jogs and gawkers

Sam Bankman-Fried has reportedly been leading a decent lifestyle while under house arrest in his parent’s home in Palo Alto — with daily jogs, a security detail, and a couple of in-home visits.

29.12 / 01:31

business Binance hacks Warning Leak 3Commas CEO confirms API key leak following warning from CZ

Binance CEO Changpeng Zhao (CZ) warned his 8 million Twitter followers on Dec. 28 that he is “reasonably sure” that API key leaks are taking place at the cryptocurrency trade management platform.

29.12 / 00:37

business Blockchain New Year's Special Which celebrities joined and left crypto in 2022?

The crypto world is still developing at lightning speed. The adoption of projects built on blockchain technology has increased tremendously in 2022, and this is partly due to the celebrities who have contributed to it. Thanks to these well-known people, crypto-related projects have reached a large audience, through their social media accounts and the many news outlets that wrote about them.

29.12 / 00:25

business FTX Fried week Bankman-Fried may enter plea in NY federal court next week before Judge Lewis Kaplan

Former FTX CEO Sam Bankman-Fried is scheduled to appear in court on the afternoon of Jan. 3 to enter a plea on two counts of wire fraud and six counts of conspiracy against him in relation to the collapse of the FTX cryptocurrency exchange, Reuters reported Dec. 28 citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

28.12 / 23:37

business Binance Binance's Cloud Mining affected by extreme weather conditions in North America

The severe winter storm in North America shut down Binance's cloud mining products between Dec. 24-26, according to an official announcement on Dec. 28. As a result of the power outage, the company announced that users' subscriptions to cloud mining products were extended for three days.

28.12 / 19:37

business Blockchain Bitcoin stake MicroStrategy adds to Bitcoin stake despite steep loss

According to a new filing with the U.S. Securities and Exchange Commission, software analytics firm MicroStrategy said that it acquired 2,395 Bitcoins (BTC) at an average price of $17,181 for a total of $42.8 million during the period Nov. 1 and Dec. 21. Subsequent to the development, the company sold 704 BTC at $16,776 per coin for a total of $11.8 million on Dec. 22. On Dec. 24, MicroStrategy acquired approximately 810 BTC for $13.6 million in cash, at an average price of $16,845 per coin.

28.12 / 18:15

business Government Scams us government Department Scammers impersonate US State Department, claiming to help affected FTX users

As the FTX collapse left many users yearning for the return of lost funds, scammers are using the opportunity to take advantage of the already injured victims, posing as government officials.

28.12 / 15:43

business Mining Drop Canaan expects minor revenue drop in 2022 despite crypto mining crisis

Cryptocurrency mining giant Canaan continues to generate significant revenues from crypto operations despite the ongoing crypto mining crisis.

28.12 / 15:03

business Stablecoin defi Midas Investments close down amid $63M DeFi portfolio deficit

Custodial CeDeFi investment platform Midas will close down its operations because of a $63.3 million deficit in its decentralized finance (DeFi) portfolio.

28.12 / 13:35

business movie FTX SBF wants ‘Big Short’ FTX movie, Peter Schiff already calls it fiction

Members of the crypto community published their sentiments on social media in response to the former FTX CEO Sam Bankman-Fried’s reportedly meeting with Michael Lewis, the writer of the popular trading-focused film, The Big Short.

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