Business Financial News

21.12 / 05:39

business Bankruptcy Celsius approved Celsius amasses 30 potential bidders for its assets, withdrawal motion approved

Bankrupt crypto lender Celsius Network has attracted 30 potential bidders over its various assets including its retail platform and mining business.

21.12 / 03:55

business Law Court Extradition SBF signs extradition papers, set to return to face charges in the US

Sam Bankman-Fried, the jailed founder of the FTX cryptocurrency exchange has reportedly signed papers on Dec. 20 waiving his extradition hearing in the Bahamasand see him flown to the United States to face multiple criminal charges.

20.12 / 23:17

business Binance Chamber of Digital Commerce Binance joins lobbying group as criticism of the exchange ramps up

Binance has joined the Chamber of Digital Commerce, a United States crypto industry lobbying group, according to a Dec. 20 press release from the exchange. The move comes after Binance has been criticized for allegedly being unregulated.

20.12 / 21:15

business Blockchain Technology Investments Restructuring Plan Auros Global expects to resume regular operations following restructuring plan

Cryptocurrency trading firm Auros Global, which reportedly suffered a $20 million dollar exposure in the FTX collapse, has released a statement saying it plans to resume regular operations after implementing a restructuring plan.

20.12 / 21:05

business Investments Research Bitcoin VC funding Blockchain VC funding surpasses 2021 total despite declining since May

It’s been a tough year for crypto, and venture capital activity confirms it. The collapse of FTX in November was the latest and most shocking in a series of closures of key market players this year — including Celsius, Voyager and BlockFi — that have shaken investor sentiment and wiped out $1.5 trillion in market capitalization from cryptocurrency space.

20.12 / 18:25

business Blockchain Bitcoin Bitcoin Miner Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG

According to a new filing with the U.S. Securities and Exchange Commission on Dec. 20, Bitcoin (BTC) miner Greenidge stated that it reached an agreement with its creditor, fintech firm NYDIG, to restructure approximately $74 million worth of debt. The deal, in the form of a non-binding term sheet, would result in a major change to Greenidge's current business strategy. Essentially, it would transform Greenidge from self-mining to hosting for NYDIG's mining rigs.

20.12 / 17:51

business Waves Stablecoin Dollar Waves founder announces new stablecoin as USDN depegs

Sasha Ivanov, founder and CEO of the Waves blockchain platform, is planning to launch a new stablecoin amid the ongoing crisis of the Waves-backed stablecoin, Neutrino USD (USDN).

20.12 / 15:17

business Adoption Investments Developers Animoca Brands is the most funded metaverse developer in 2022: Nasdaq

The crypto bear market has also been called a builder’s market by many leading figures and companies in the industry.

20.12 / 11:47

business exchanges BItlicense services Gate.io closer to launching US services after receiving local licenses

Gate US, the United States arm of the fourth largest cryptocurrency exchange by trading volume, Gate.io says it has received operating licenses in “several” states, bringing it closer to launching services in the country.

20.12 / 11:47

business Ethereum VISA transactions Visa dreams up plans to let you auto-pay bills from your crypto wallet

Crypto-users may one day be able to automatically pay their electricity and telephone bills through their self-custodial crypto wallets, according to payments giant Visa.

20.12 / 11:47

business Blockchain Court Bitcoin BlockFi files motion to return frozen crypto to wallet users

Bankrupt crypto lending platform BlockFi has filed a motion requesting authority from a United States bankruptcy court to allow its users to withdraw digital assets currently locked up in BlockFi wallets.

20.12 / 10:27

business Bitcoin Cryptoverse: Bitcoin Took A Beating In 2022

Surging inflation led to investors fleeing higher-risk assets - tech stocks and cryptocurrencies.(File)

20.12 / 07:29

business Blockchain Technology Activision 'Huge signal and validation' — Top Activision exec to take Yuga Labs' helm

The appointment of one of Activision Blizzard's highest-ranking executives to a leadership position at Bored Ape Yacht Club parent Yuga Labs has been seen as a boon for its metaverse efforts and another validation of the crypto industry.

20.12 / 07:29

business Funding Political Donations FTX warns it will claw back political donations and contributions

Bankrupt cryptocurrency exchange FTX says it is considering using legal avenues to recover all payments and contributions handed out by its associated entities and former executives, which could include the millions in political donations made from its former CEO Sam Bankman-Fried.

19.12 / 23:03

business 2020 acquires Binance acquires 100% of Indonesian Tokocrypto after initial investment in 2020

Binance has acquired Indonesian crypto asset trader Tokocrypto, according to local reports on Dec. 19. The purchase was confirmed in a tweet by Binance CEO Changpeng Zhao (CZ), who characterized the deal as having “just injected more cash and increased our shareholding a bit.” Changes are expected at the exchange.

19.12 / 23:03

business Technology Investments Boris Johnson’s brother steps down as Binance adviser amid concerns over the exchange: Report

Jo Johnson, the brother of former United Kingdom prime minister Boris Johnson, has reportedly stepped down from his role as an adviser to Binance, according to a report by the U.K.’s Telegraph.

19.12 / 18:41

business Blockchain Grayscale Buyback Option Grayscale CEO highlights 20% GBTC share buyback option if ETF conversion fails

According to an end-of-year letter to investors published on Dec. 10, Grayscale Investments' CEO Michael Sonnenshein said that the firm may consider "a tender offer for a portion of the outstanding shares of GBTC [Grayscale Bitcoin Trust]" if the latter's exchange-traded fund conversion process is ultimately unsuccessful. Sonnenshein stated that "such tender offer would be for no more than 20% of the outstanding shares of GBTC" and would require both regulatory "relief" from the U.S. Securities and Exchange Commission as well as shareholder approval to approve such offer.

19.12 / 17:47

business Blockchain Dapps Startups Axelar launches $60M startup ecosystem program

The proof-of-stake (PoS) blockchain Axelar launched on Dec. 19 a $60 million startup funding program dedicated to accelerating the development of decentralized applications and protocols that can replace centralized exchanges. The initiative is backed by over 15 blockchain investors.

19.12 / 17:19

business NASDAQ Europe Bitcoin Crypto investment firm CoinShares debuts trading on Nasdaq Stockholm

Major cryptocurrency investment firm CoinShares has debuted trading on Nasdaq Stockholm, the primary securities exchange of the Nordic countries.

19.12 / 17:03

business Blockchain Binance Binance.US set to acquire Voyager Digital assets for $1B

According to a new press release published on Dec. 19, cryptocurrency exchange Binance.US will acquire assets of bankrupt crypto lender Voyager Digital for $1.022 billion. After a review of strategic options, the firm said that Binance.US represented the "highest and best bid for its assets."

19.12 / 09:55

business Tezos Nifty News: Building bridges in the Metaverse, elaborate Apes scam and more

South Korea’s Gyeongbuk Province has announced plans to use Web3 technology to expand its economic relations with Vietnam.

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