Business Financial News

16.12 / 00:43

business Blockchain Blockchain Game Time 'Big Time' and other Web3 games take home the gold at the inaugural GAM3 awards

The Web3 gaming awards event, the GAM3 Awards, hosted by Polkastarter Gaming, has announced 16 winners at a live event on December 15.

16.12 / 00:43

business Stablecoin Polygon Backed Jewel Bank, Polygon to launch Bermuda's first USD-backed stablecoin

Institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin with a 1:1 peg to the United States dollar, Jewel Bank founder and chairman Chance Barnett told Cointelegraph.

16.12 / 00:43

business Law FTX Bankruptcy play SBF's legal battle still has "a lot to play out," according to legal commentators

Sam Bankman-Fried, former FTX CEO, faces eight accusations and could get 115 years in jail, but there is a "lot to play out" until he gets a final sentence over the coming months or even years, legal commentators told Cointelegraph.

16.12 / 00:43

business Blockchain layer2 network Aztec Network secures $100 million in Series B funding led by a16z

The private layer-2 chain Aztec Network announced on Dec. 15 a $100 million Series B funding round led by venture capital firm a16z crypto. Other investors in the round include A Capital, King River, Variant, SV Angel, Hash Key, Fenbushu, and AVG.

15.12 / 22:49

business Blockchain Technology Investments acquires Amber Group acquires cryptocurrency platform Sparrow exchange: report

Cryptocurrency trading firm Amber Group, which had roughly 10% of its trading capital stuck on FTX at the time of the exchange’s collapse, has reportedly acquired cryptocurrency platform, Sparrow Holdings according to an announcement on Dec. 14.

15.12 / 22:01

business Mining Bitcoin How hard has this bear market been for Bitcoin mining? Watch Market Talks on Cointelegraph

On this week’s episode of Market Talks, Cointelegraph welcomes Drew Vosk, founder of VoskCoin, a cryptocurrency YouTube channel with over 607,000 subscribers.

15.12 / 19:49

business Blockchain Tokens Project alleges unreturned listing deposit as Binance announces delistings

On Dec. 15, cryptocurrency exchange Binance announced that four tokens — Mithril (MITH), Tribe (TRIBE), Augur (REP) and Bitcoin Standard Hashrate Token (BTCST) — would be delisted from the exchange effective Dec. 22 due to not meeting the “high level of standard we expect.”

15.12 / 19:49

business coinbase transactions ERC-20 Coinbase launches tool to recover 'mistakenly sent' ERC-20 tokens

Major cryptocurrency platform Coinbase has offered an asset recovery tool for users who “mistakenly send unsupported tokens” to exchange addresses.

15.12 / 17:35

business Microsoft Bitcoin services Microsoft bans cryptocurrency mining on cloud services

Cloud computing giant Microsoft is taking measures to increase stability of its cloud services by forcing new restrictions for activities like cryptocurrency mining.

15.12 / 09:45

business ETF SEC Digital Asset Management SEC approves 9 more WisdomTree 'blockchain-enabled' funds

The U.S. Securities and Exchange Commission (SEC) has given the green light to nine more blockchain-enabled funds from $82 billion asset manager WisdomTree.

15.12 / 09:17

business Ethereum regulation Bitcoin Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO

Mike Belshe, the CEO of digital asset custodian BitGo has confirmed that Alameda Research attempted to redeem 3,000 Wrapped Bitcoin (wBTC) in the days before FTX’s bankruptcy filing on Nov. 11.

15.12 / 09:17

business Mining Bankruptcy Bitcoin Bitcoin Miner Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy

Financial services platform B. Riley has offered Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders.

15.12 / 06:51

business FTX FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF

A former employee of crypto exchange FTX has seemingly exposed the company’s excessive luxury expenditures, obsessive workplace culture and grueling work hours leading to the hiring of a company psychiatrist in the year before its collapse.

15.12 / 06:51

business data Bankruptcy Terra Usd Bitcoin Realized losses from FTX collapse peaked at $9B, far below earlier crises

Blockchain analytics firm Chainalysis has attempted to put the FTX collapse into perspective — comparing peak weekly-realized losses in the wake of the exchange’s collapse compared to previous major crypto collapses in 2022.

15.12 / 05:57

business Adoption Binance wallet Only 1% of people can handle crypto self-custody right now: Binance CEO

Binance CEO Changpeng “CZ” Zhao has cautioned the crypto community about self-custody, suggesting that 99% of people choosing to self-custody their crypto will likely lose it one way or another.

15.12 / 01:19

business Binance regulation Senate Binance 'put FTX out of business' — Kevin O'Leary

The collapse of FTX was triggered by Binance, claimed investor Kevin O'Leary on Dec. 14 speaking at the United States Senate committee hearing about the crypto exchange meltdown. O'Leary, who was a paid spokesperson for FTX, provided details about conversations with Sam Bankman-Fried in the days before FTX filed for bankruptcy.

15.12 / 00:03

business Blockchain Technology Investments MetaMask to allow users to purchase and transfer Ethereum via PayPal

Digital payments platform PayPal has teamed up with MetaMask parent company ConsenSys to allow MetaMask users to purchase and transfer Ether (ETH) via PayPal’s platform.

14.12 / 23:11

business Blockchain Gemini Leak Crypto users Crypto users claim Gemini email leak occurred much earlier than first reported

"Not handled well." This was how one user described the revelations brought forth by Cointelegraph on Dec. 14 regarding the leak of 5.7 million Gemini customers’ email addresses and partial phone numbers. Shortly after publication, multiple users reached out to Cointelegraph alleging that the leak, which Gemini attributes to a “third-party incident,” happened much earlier than initially understoo.

14.12 / 19:05

business Blockchain Gemini Gemini allegedly suffered data breach; 5.7 million emails leaked

Cryptocurrency exchange Gemini appears to have suffered a data breach on or before Dec. 13. According to documents obtained by Cointelegraph, hackers gained access to 5,701,649 lines of information pertaining to customers’ account numbers, email addresses and partial phone numbers. In the case of the latter, hackers apparently did not gain access to the full phone numbers, as certain numeric digits were obfuscated.

14.12 / 17:51

business NASDAQ Bitcoin Bitfarms share price Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency

The Canadian Bitcoin (BTC) mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due to the ongoing cryptocurrency winter.

14.12 / 17:51

business Law Adoption NOT Will FTX’s ill wind reach the Global South? Maybe not

With the crypto world still reeling from the FTX collapse, Brazil recently passed legislation that legalized cryptocurrency use for payments in the country. How to reconcile this with all those declarations in the West that crypto is having its “Lehman moment”?

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