Business Financial News

30.11 / 09:23

business Court Fried hearing Bankman-Fried on the hook in Texas, called to appear at Feb. hearing

Former FTX CEO Sam Bankman-Fried has been called to a Feb. 2 hearing by the Texan securities regulator as part of an investigation into whether he and FTX US have violated Texas securities laws.

30.11 / 09:23

business Blockchain privacy IBM Blockchain-based supply chain platform canned by IBM and Maersk

United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision.

30.11 / 09:23

business Robinhood CNBC Bankruptcy Bankruptcy court told FTX and Alameda owe BlockFi $1B... but it's complicated

A lawyer for BlockFi told the first day hearing of its bankruptcy proceedings that the crypto lender has $355 million stuck on FTX and that the collapsed exchange’s sister company Alameda Research has defaulted on a $680 million loan.

30.11 / 06:37

business Blockchain Adoption Trading CrossTower to acquire institutional prime brokerage BEQUANT

Cryptocurrency exchange CrossTower Inc has agreed to buy digital asset trading platform BEQUANT, which comes after months of window shopping by CrossTower for crypto companies, including a recently revised offer for Voyager Digital's assets.

30.11 / 06:37

business Accenture Digital assets could add $40B a year to Aussie GDP: Tech Council report

Up to $40 billion a year (AU$60 billion), could be added to Australia's national GDP with the right regulatory framework and could lead to enormous cost savings for consumers and businesses according to a new report.

30.11 / 06:37

business Hackers hacks Bankruptcy Fried Sam Withdrawals Sam Bankman-Fried reveals the circumstances behind Bahamian withdrawals

FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users.

30.11 / 01:17

business FTX ‘I never opened the code for FTX’: SBF has long, candid talk with vlogger

Former FTX head Sam Bankman-Fried (SBF) selected cryptocurrency vlogger Tiffany Fong for a series of lengthy and candid telephone interviews. In the two interviews that had been released on YouTube at press time, SBF speaks about many of the major questions connected with the collapse of FTX.

30.11 / 01:17

business Blockchain Adoption The creator of the FTSE100 launches indices for crypto

FTSE Russell, creator of the FTSE100 stock index, has released a series of indices whose constituents are digital assets, according to a press release released via its website on Nov. 29. The series has been produced in cooperation with Digital Asset Research. FTSE Russell is a subsidiary of the London Stock Exchange.

30.11 / 00:35

business Platform Nov Helicopter Libertex crypto exchange head Vyacheslav Taran dies in helicopter crash in France

Russian billionaire Vyacheslav Taran, president of Libertex Group and founder of Forex Club, died Nov. 25 in a helicopter crash in France while en route from Lausanne to Monaco, Switzerland. He was 53. The helicopter pilot, the only other person aboard the craft, also died.

29.11 / 20:19

business XRP coinbase Bitcoin Cash Low Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing 'low usage'

Starting on Dec. 5, the Coinbase Wallet will no longer support four major tokens.

29.11 / 18:49

business Blockchain Technology Digital Bond EIB settles €100 million digital bond on private blockchain

According to a new press release on Nov. 29, the European Investment Bank, or EIB, issued a first-ever euro-denominated €100 million digital bond on a private blockchain-underpinned platform with tokenization help from Goldman Sachs.

29.11 / 17:39

business Stablecoin Tether Usd Coin How stable are stablecoins in the FTX crypto market contagion?

If early November’s FTX collapse was crypto’s “Lehman moment” — as more than a few pundits have suggested — will the FTX contagion now spread to stablecoins? After all, Tether (USDT), the market leader, briefly lost its United States dollar peg on Nov. 10. In normal times, this might have raised alarm bells.

29.11 / 14:11

business lending Bankruptcy BlockFi bankruptcy filing triggers a wide range of community reaction

As crypto lending platform BlockFi filed for bankruptcy, members of the crypto community reacted with mixed feedback as another platform fell during the current bear market.

29.11 / 09:03

business Blockchain Twitter Apple LBRY alleges Apple forced it to censor certain terms during COVID-19

Blockchain-based file-sharing and payment network LBRY has alleged that tech giant Apple forced it to filter out certain search terms during the COVID-19 crisis in an apparent rejection of free speech.

29.11 / 09:03

business Blockchain Report recommendations Israel's chief economist lays out recommendations for crypto regulation

Israel's chief economist has laid out a list of recommendations as to how policymakers should tackle digital asset laws in the country in order to safely drive up crypto adoption.

29.11 / 08:07

business Bankruptcy FUD Silvergate denies recent FUD, confirms minimal exposure to BlockFi

Institutional crypto services provider Silvergate Capital has confirmed its minimal exposure to the embattled BlockFi crypto lending firm.

29.11 / 05:35

business Blockchain Court FTX resumes employee and contractor payments after weeks in limbo

Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world.

29.11 / 04:09

business Law Court shares Fried BlockFi sues FTX's Bankman-Fried over shares in Robinhood

Newly-bankrupt crypto lending platform BlockFi has filed a lawsuit against Sam Bankman-Fried’s holding company Emergent Fidelity Technologies seeking his shares in Robinhood that were pledged as collateral earlier in November.

29.11 / 02:21

business Blockchain Technology Investments FTX collapse impacts Miami’s nightclub scene: Report

The fallout from the collapse of FTX spans beyond the Web3 and crypto ecosystem. Reports gathered by the Financial Times suggest that nightclubs in Miami have been negatively affected by the collapse of the once-reputable cryptocurrency exchange.

29.11 / 02:21

business Blockchain Investments Bitcoin Controlling shareholders' stakes in GBTC are 'highly illiquid': Report

According to a new Twitter post by Ryan Selkis, CEO of blockchain research firm Messari, Grayscale Bitcoin Trust's (GBTC) controlling shareholders Genesis Global and Digital Currency Group cannot simply "dump" their holdings to raise more capital. Selkis explained that the restrictions are due to Rule 144A of the U.S. Securities Act of 1933, which forces issuers of over-the-counter, or OTC, traded entities to give advance notice of proposed sales, as well as a quarterly cap on sale of either 1% of outstanding shares or weekly traded volume.

29.11 / 02:21

business Facebook Cybersecurity Meta user data Meta fined €265M for allowing scrapers to steal Facebook's centralized user data

The Irish Data Protection Commission (DPC) announced on Nov. 28 that it has fined Facebook developer Meta €265m for breach of the European Union’s General Data Protection Regulation (GDPR). Specifically, the commission stated that it had fined Meta for failing to design Facebook in such a way that it would protect users from data breaches.

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