Business Financial News

14.12 / 15:13

business Twitter SEC stocks SEC sues Atlas Trading for $100M stock manipulation scheme

The United States Securities Exchange Commission (SEC) filed a claim against eight individuals associated with Atlas Trading, a Discord-based forum. The forum’s co-founders, affiliated podcasters and Youtubers are being alleged of stock manipulation.

14.12 / 13:43

business Twitter Social Media Open Source Jack Dorsey pushes for decentralized Twitter alternative

With the internal investigation led by Elon Musk identifying censorship-related issues on Twitter, the social platform’s former CEO Jack Dorsey has promoted the idea of a “free and open protocol” for social media.

14.12 / 09:07

business Binance Bitcoin Customers Binance US finally rolls out mobile payments service to US customers

United States crypto exchange Binance US has finally rolled out its Binance Pay service — some 22 months after the feature was launched by the global exchange to its customers outside the U.S. in 2021.

14.12 / 08:25

business Stablecoin Tether FUD Tether to reduce secured loans to zero in 2023 amid battle against FUD

The world’s largest stablecoin issuer, Tether, has pledged to eventually stop the practice of lending out funds from its reserves, saying it is “mission critical to restore faith" in the crypto market.

14.12 / 07:17

business Payments censorship elon PayPal has become an episode of Black Mirror: Elon Musk

PayPal's former leadership, also known as the "PayPal Mafia," have slammed the payments giant for its debanking policies of late, with one co-founder calling the freezing of funds “totalitarian,” while another compared it to an episode of Black Mirror.

14.12 / 06:35

business Apple European Union App Store Apple to allow third-party app stores in windfall for NFTs and crypto

Tech giant Apple is gearing up to permit third-party app stores on its devices to comply with new anti-monopolistic requirements from the European Union (EU), which could be seen as a huge win for crypto and NFT app developers, at least in Europe.

14.12 / 01:13

business banking German crypto asset trading platform Bitcoin Group SE buys bank with full license

Bitcoin Group SE, operator of the German crypto trading platform bitcoin.de, announced that it has acquired 100% of shares in Bankhaus von der Heydt. The bank has a full banking license and is a provider of digital asset custody and tokenization services.

14.12 / 00:23

business Blockchain Binance Withdrawals Binance net withdrawals topped $3.6B over the last 7 days: Report

Binance appears to be suffering from a decline in liquidity. A report from crypto analytics firm, Nansen, indicates that Binance has had net withdrawals of more than $3.6 Billion from Dec. 7 to Dec. 13.

13.12 / 23:07

business Blockchain FTX Lawyers bail Extradition Breaking: SBF's lawyers request bail in Bahamas Magistrate Court pending extradition

According to local sources, on Dec. 13, crypto executive Sam Bankman-Fried's (SBF) lawyers have requested bail in a Bahamas' Magistrate Court after his arrest on Dec. 12 pending extradition request by U.S. authorities. The move comes after presiding judge Chief Magistrate JoyAnn Ferguson-Pratt stated earlier today that SBF had the right to request bail.

13.12 / 20:03

business Blockchain Bitcoin Regulation Terra Luna 'Old money has all but fled,' Huobi co-founder discusses challenges of running $400M VC fund

In a new Twitter post dated Dec. 12, Du Jun, co-founder of cryptocurrency exchange Huobi Global, shared new insight on his experience of running ABCDE Capital, a $400 million Web 3.0 venture capital (VC) fund, in June this year. According to Jun, the idea for ABCDE Capital came in March, and by April, it was already registered in Singapore. However, amidst the $40 billion Terra Luna implosion in May, Jun said that "old money has all but fled" after the incident.

13.12 / 18:49

business Blockchain Investments Web3 game DOGAMÍ secures $14M total funding

DOGAMÍ, an augmented reality mobile game involving nonfungible token (NFT) pet companions, has completed a $14 million seed funding round, according to a Dec. 12 press release provided to Cointelegraph. The Web3 mobile gaming company raised $7 million led by VC firm XAnge after initially securing $6 million from industry leaders in January 2022.

13.12 / 17:39

business regulation Trading Canada bans crypto leverage and margin trading after FTX collapse

Authorities in Canada are taking measures to better protect Canadian cryptocurrency investors in the aftermath of the FTX collapse and the spreading contagion.

13.12 / 16:53

business Law Court Bahamas reportedly asked SBF to mint new coin after FTX collapse

The Bahamas government reportedly worked with former FTX CEO Sam Bankman-Fried to issue a new cryptocurrency controlled by local officials.

13.12 / 13:23

business cryptocurrency economy Government gets Rs 60.46 crore tax from TDS on virtual digital assets

The government on Tuesday said an amount of Rs 60.46 crore has been received in tax from entities for transactions in virtual digital assets (VDAs), including cryptocurrencies, since the introduction of TDS provisions in July.

13.12 / 13:23

business cryptocurrency Binance USDC Withdrawals USDC stablecoin Binance halts withdrawals of major USDC stablecoin

Binance, the world's biggest crypto exchange, said on Tuesday it had "temporarily paused" withdrawals of the major stablecoin USDC.

13.12 / 13:11

business Adoption Microsoft Gaming Activision FTC opposes Microsoft's metaverse-focused Activision Blizzard purchase

Microsoft’s attempt to acquire Activision Blizzard — a move originally aimed toward building Metaverse initiatives — hit a roadblock after an intervention by the United States Federal Trade Commission (FTC).

13.12 / 11:21

business G20 G20 Finance Track: Central Bank Deputies Discuss Coordinated Approach On Crypto Assets

The G20 Finance Track is the forum for the discussion of international economic issues.(File)

13.12 / 09:15

business Fraud FTX Congress Hours before his arrest, SBF denied being part of ‘Wirefraud’ chat group

Merely hours before news of his arrest by Bahamian police, Sam Bankman-Fried took to Twitter denying his involvement or knowledge of a secret group chat named “Wirefraud” — which allegedly involved former FTX and Alameda ranking executives.

13.12 / 09:15

business regulation Senate Retirement Sen. Lummis still 'very comfortable' with Bitcoin in retirement plans

Pro-crypto United States senator Cynthia Lummis has remained steadfast in her support for Bitcoin (BTC) as part of diversified retirement plans, despite calls from her senator peers otherwise.

13.12 / 07:11

business Government Twitter Fried Sam Crypto Twitter explodes over the news of Sam Bankman-Fried's arrest

Crypto Twitter has blown up over the shocking news of Sam Bankman-Fried’s arrest in The Bahamas — many of whom weren’t expecting it to happen so soon.

13.12 / 01:31

business Government Blockchain Investments Political Donations $75M worth of FTX’s political donations at risk of being recalled due to bankruptcy: Report

Following the collapse of FTX and its Nov. 11 bankruptcy filing, $73 million worth of its political donations is currently at risk of being recalled to repay the failed exchange’s creditors, according to a report by Bloomberg.

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