Business Financial News
08.12 / 08:43
business
Blockchain
Telegram
Telegram to allow no-sim accounts via anon-blockchain-numbers
Messaging app Telegram has rolled out a new update enabling users to create accounts using blockchain-based anonymous numbers, as opposed to cell phone numbers.
08.12 / 08:33
markets
business
regulation
Funding
Genesis Trading
Crypto lender Genesis
Crypto lender Genesis has no solution yet for withdrawal halts
Crypto lending platform Genesis has informed its customers that its withdrawal freeze is likely to last “additional weeks” amid efforts to stave off a potential bankruptcy filing.
08.12 / 06:39
business
Stablecoin
Bankruptcy
Celsius
Customers
Bankruptcy judge orders $44M in crypto to be returned to Celsius customers
A federal judge has ordered crypto lender Celsius to return crypto worth around $44 million to the platform’s custody program customers.
08.12 / 06:39
business
hacks
Analysis
Fraud
FTX hires forensics team to find customers’ missing billions: Report
The new management for bankrupt crypto exchange FTX has reportedly hired a team of financial forensic investigators to track down the billions of dollars worth of missing customer crypto.
08.12 / 06:39
business
Adoption
Court
class action
Class action against Kim K, Mayweather over EMAX dismissed… for now
A federal judge in California has dismissed a class action lawsuit against reality TV star Kim Kardashian, boxing champ Floyd Mayweather and the founders of EthereumMax, explaining that the submissions failed to meet the “heightened pleading standards” for fraud claims.
08.12 / 05:37
08.12 / 01:03
business
Coinbase CEO says trading revenue has fallen to ‘roughly half’ what it was last year
The CEO of Coinbase, Brian Armstrong, has revealed that the exchange’s trading revenue has declined by approximately 50% or more when compared to last year, according to a Dec. 7 report from Bloomberg.
07.12 / 22:13
business
FTX
Deal
fall
Taylor Swift had a $100M FTX sponsorship deal fall apart prior to its bankruptcy: Report
Pop star Taylor Swift reportedly could have been one of the faces of failed crypto exchange FTX had talks over a $100-million deal not ended prematurely.
07.12 / 20:57
business
Technology
Investments
Banks
Zodia Custody launches service to protect users’ crypto from exchange insolvency
Crypto asset provider Zodia Custody has launched a new service to help protect its clients from exchange insolvency.
07.12 / 18:45
business
Blockchain
Binance
Bitcoin
Mazars
reserves
Mazars says users' BTC reserves on Binance are fully collateralized
According to a new document published on Dec. 7, South-African auditor Mazars confirmed that cryptocurrency exchange Binance possessed control over 575,742.42 of customers' Bitcoins (BTC) worth $9.7 billion at the time of publication. Through the process, Mazars stated that "Binance was 101% collateralized."
07.12 / 17:19
business
economy
economics
Banks
fall
Was the fall of FTX really crypto’s ‘Lehman moment?’
The FTX collapse was bad, but how bad? Almost from the moment that the Bahamas-based exchange suspended cryptocurrency withdrawals in early November — and three days before it filed for bankruptcy — the historic comparisons started flying.
07.12 / 16:39
business
Adoption
goldman sachs
Survey
Institutional investors still eye crypto despite the FTX collapse
The negative effects caused by the FTX debacle have put the crypto space in an unfavorable light. However, institutional investors continued to show interest in the industry even at the height of the FTX controversy.
07.12 / 14:19
business
NFT
Metaverse
Smart Contracts
Decentraland launches virtual property renting for LAND owners
The metaverse platform Decentranland announced a new platform feature which allows its users who own virtual LAND to essentially become landlords. Owners can now officially rent out their property to other users on the platform for predefined periods of time.
07.12 / 12:45
business
Adoption
Liquidity
Funding
Gate.io pledges $100M to revive crypto and rebuild investor confidence
In a move to tone down the negative impacts of a bear market and ecosystem collapses, crypto exchange Gate.io launched an industry liquidity support fund with an initial commitment of $100 million.
07.12 / 10:47
business
regulation
Court
Bankruptcy
Terra Luna
3AC subpoenas issued as dispute grows over claims of Terraform dump
A federal judge overseeing Three Arrows Capital’s (3AC’s) bankruptcy proceedings has signed an order approving subpoenas to be delivered to 3AC’s former leadership, including co-founders Su Zhu and Kyle Davies.
07.12 / 09:23
business
Art
Sport
Support
Nifty News: Winamp adds NFT support, Atari gets physical and more
Old school classic PC-friendly media player Winamp has rolled out support for Ethereum and Polygon-based music nonfungible tokens (NFTs) in the latest update of its desktop player.
07.12 / 09:23
business
Mining
Blockstream
Bitcoin
valuation
Blockstream raising funds for mining at 70% lower company valuation
The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing.
07.12 / 01:13
business
Hackers
Microsoft
lazarus
North Korean Lazarus Group is targeting crypto funds with a new spin on an old trick
Microsoft reports that a threat actor has been identified targeting cryptocurrency investment startups. A party Microsoft has dubbed DEV-0139 posed as a cryptocurrency investment company on Telegram and used an Excel file weaponized with “well-crafted” malware to infect systems that it then remotely accessed.
06.12 / 22:11
business
Technology
Investments
transactions
Warner Music, Polygon and LGND.io partner to launch Web3 music platform
E-commerce and interactive platform builder LGND.io has announced a multi-year partnership with blockchain network developer Polygon and global entertainment company Warner Music Group to create a Web3 music platform called LGND Music.
06.12 / 21:33
business
FTX
Bankruptcy
Kevin O'Leary defends SBF, says FTX should be audited
In an interview with Yahoo Finance on Dec. 6, Shark Tank’s Kevin O’Leary called for calm in the wake of FTX’s collapse. The exchange’s former CEO, Sam Bankman-Fried, should be understood as innocent unless evidence comes to light that shows he has committed fraud, O’Leary stated. Sam Bankman-Fried is also known as “SBF.”
06.12 / 20:21
business
Technology
Investments
Metaverse
stake
Animoca Brands secures majority stake in music metaverse gaming platform
Digital entertainment, blockchain, and gamification company Animoca Brands has secured a majority stake in the Los Angeles-based music metaverse gaming platform Pixelynx.
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