Business Financial News

25.10 / 06:53

business Law regulation Altcoin SEC coinbase security Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit

The United States Securities and Exchange Commission overstepped its authority when it classified Coinbase-listed cryptocurrencies as securities, the exchange has argued in its final bid to dismiss a lawsuit by the securities regulator.

25.10 / 06:53

business Adoption ETF SEC Bitcoin Bitcoin Price NOT No, ARK 21 Shares spot Bitcoin ETF is not listed on DTCC website

Despite swirling rumors on social media, ARK Invest’s spot Bitcoin (BTC) exchange-traded fund (ETF) does not appear to be listed on the Depository Trust and Clearing Corporation’s (DTCC) website.

25.10 / 02:11

business Adoption SEC Bitcoin Bitcoin Price BlackRock's iShares Bitcoin ETF mysteriously disappears — then reappears — on DTCC site

The ticker for BlackRock's spot Bitcoin (BTC) exchange-traded fund (ETF) IBTC has reappeared on the Depository Trust and Clearing Corporation’s (DTCC) website after disappearing for a few hours.

25.10 / 02:11

business Ethereum Altcoin Bitcoin Futures Bitcoin Bitcoin Price Bitcoin price surge Bitcoin price surge sees significant asset outflow on crypto exchanges

Major crypto exchanges recorded a net outflow on Oct. 24 as the price of Bitcoin (BTC) briefly touched the $35,000 mark for the first time in a year. The movement of funds away from exchanges is considered a bullish sign, as it indicates traders are moving their assets away from exchanges to secure storage, expecting prices to increase.

25.10 / 02:11

business Adoption ETF Investments cryptocurrency investment Gold Bitcoin Galaxy predicts 74% Bitcoin price increase first year after ETF launch

Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital.

25.10 / 02:11

business regulation lending FTX Withdrawals BlockFi emerges from bankruptcy and opens wallet withdrawals

Crypto lending platform BlockFi has emerged from bankruptcy and is ready to pay back some of its creditors, according to an October 24 blog post. Withdrawals “are currently available to nearly all Wallet customers,” the post stated, adding that Blockfi Interest Account (BIA) and Loan customers will be able to withdraw some assets in early 2024.

25.10 / 02:11

business Hardware Wallet Private Keys Ledger Bitcoin Seed Phrase recovery Ledger hardware wallet rolls out cloud-based private key recovery tool

Hardware wallet firm Ledger is rolling out its cloud-based private key recovery solution despite facing significant criticism from the crypto community.

25.10 / 02:11

business Investments SEC Bitcoin analyst BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst

The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission.

22.10 / 04:17

business Law Digital regulation privacy IRS Kraken rights Crypto advocates file amicus brief to address users' Fourth Amendment privacy rights

Cryptocurrency advocacy group DeFi Education Fund (DEF) has urged a United States court to consider the unique aspects of blockchain technology when evaluating the privacy rights of cryptocurrency users under the Fourth Amendment.

21.10 / 17:05

business defi Altcoin Uniswap Burn Speculation Uniswap founder burns $650B HayCoin against speculation

Uniswap founder Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20, according to an announcement on X (formerly Twitter). The majority of the tokens have been removed from circulation due to Adams’ concerns about price speculation over the previous days.

21.10 / 09:19

business Tokens shares Patricia Patricia exchange CEO announces debt restructuring via convertible notes

Following the launch of Patricia token (PTK) issued to customers to manage users’ debt by Patricia, a Nigerian cryptocurrency exchange, the chief executive officer of the exchange (CEO), Fejiro Hanu, has confirmed that customers now have the option to convert their owed funds into Patricia shares.

21.10 / 02:31

business Microsoft Cloud Services ChatGPT Customer 'Every customer solution' will be integrated with AI: Microsoft CEO Satya Nadella

Microsoft looks set to go all-in on artificial intelligence, with CEO and chairman Satya Nadella outlining intentions to integrate AI with essentially all its customer solutions and every layer of tech stacks.

20.10 / 18:09

business Binance Payments VISA Europe European Union Euro Binance shutting down European Visa debit card in December

Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected.

20.10 / 17:19

business Blockchain Technology Adoption wallet Web3 Digital Asset Simplifying Web3 adoption with solutions tailored for businesses and enterprises

The digital era is in full swing, and with it comes a surge of opportunities that promise to redefine the business landscape. The buzz around blockchain technology and Web3 functionalities is real and for a good reason.

20.10 / 17:19

business FTX Sam Bankman-Fried asked FTX attorney to 'come up' with legal argument for $8B hole

Sam Bankman-Fried instructed FTX's former general counsel Can Sun to "come up" with any legal explanation for the $8 billion hole in Alameda Research's books, according to Sun's testimony in court on Oct. 19.

20.10 / 14:31

business Blockchain Reddit Pump and Dump Reddit mods dumped tokens hours before blockchain program termination

Popular social network platform Reddit announced the winddown of its blockchain-based community points program on Oct. 17, citing scalability issues. The announcement created controversy in the crypto community, with many calling it a rug-pull, as the price of the native token on different subreddits tanked after the news was revealed.

20.10 / 14:31

business Stablecoin regulation Tether Fiat Money Dollar Reserve Time 2024 Tether to publish reserve reports in real time in 2024: Bloomberg

Tether Holdings, the issuer of the world’s largest stablecoin by market capitalization, Tether (USDT), is reportedly preparing to update the frequency of releasing its reserve data reports.

20.10 / 05:37

business Blockchain Social Media Altcoin SEC security Court ‘This will be our last post’ — LBRY throws in towel against the SEC

Blockchain company LBRY Inc. — the creators of the LBRY blockchain — has issued its final message to the crypto, citing “several million dollars” of debts that have now made it impossible for the firm to continue.

20.10 / 04:49

business Binance regulation Europe European Union Euro services Crypto exchange Binance restores euro services after new fiat partners

Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, months after losing its previous fiat partner PaySafe in September.

20.10 / 04:49

business Law Ethereum MetaMask 'He broke his word' — Ex-ConsenSys staff sue founder over employee equity deal

Over two dozen former employees of Ethereum infrastructure firm ConsenSys have filed a fresh lawsuit against the firm’s founder and CEO, Joseph Lubin, over claims he diluted employee equity shares against earlier promises.

20.10 / 04:49

business Scams Tim Draper warns of crypto scams using his AI-synthesized voice

American venture capitalist Tim Draper issued a warning on social media that scammers are attempting to con crypto users using an artificial intelligence (AI) voice generator.

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