Business Financial News

20.10 / 04:49

business Blockchain Adoption coinbase BaSe open Coinbase open sources code for layer-2 network Base

Coinbase layer-2 network Base has announced it has open-sourced its code repositories and smart contracts to increase transparency and accountability while simultaneously allowing public contributions to the project.

19.10 / 21:49

business security Enterprise Digital Asset acquires Settlements giant DTTC acquires blockchain infrastructure developer Securrency

The Depository Trust & Clearing Corporation (DTTC) has signed an agreement to acquire Securrency, a digital asset infrastructure developer. The acquisition will allow DTCC to embed digital assets gradually in its existing products and services, it said. Terms of the deal were not disclosed. It is expected to close “within the next several weeks.”

19.10 / 19:45

markets business Binance Tether Gaming Q3 report Q3 Binance Q3 report appraises crypto market as ‘challenging’ amid high interest rates

It’s been a challenging quarter for crypto, Binance has confirmed in its Q3 market pulse report. The market was down in many sectors, the report found, although the entry of institutional players such as Deutsche Bank, Sony and PayPal helped offset some of the pain.

19.10 / 15:32

business Hackers hacks wallet Bitcoin Atomic Wallet freezes $2M in ‘suspicious deposits’ on exchanges

Hacked cryptocurrency wallet Atomic Wallet has frozen $2 million in “suspicious deposits” in a joint effort with major crypto exchanges.

19.10 / 15:32

business ETF Investments NYSE Bitcoin Grayscale files for new spot Bitcoin ETF on NYSE Arca

Major cryptocurrency investment firm Grayscale Investments has filed a new application with the United States Securities and Exchange Commission (SEC) for a new spot Bitcoin (BTC) exchange-traded fund (ETF).

19.10 / 12:40

business Law FTX Court Financial Services Financial Sam Bankman-Fried’s trial is telling a story of classic financial deceit

The courtroom drama unfolding around FTX founder Sam Bankman-Fried (SBF) has all the ingredients of a binge-worthy Netflix series, replete with a cast of shady characters and a plot that thickens with each passing day. Among the highlights were SBF's lofty presidential ambitions and a staggering $100-150 million bribe to Chinese officials, which add a surreal twist to the narrative.

19.10 / 12:40

business Investments ChatGPT OpenAI OpenAI partners with G42 in Dubai, eyeing Middle East expansion

OpenAI, the maker of popular artificial intelligence (AI) chatbot ChatGPT, and Dubai-based technology holding group G42 announced a new partnership on Oct. 18 to expand AI capabilities in the Middle East region.

19.10 / 12:40

business Law Binance regulation SEC Court exits Binance France director resigns, adding to list of exits from crypto exchange

Stéphanie Cabossioras has stepped down from her role as the executive director of Binance France, becoming at least the 10th senior executive to leave Binance this year.

19.10 / 12:40

business Tesla Tesla Motors Bitcoin Tesla earnings: Bitcoin bags untouched as firm splashes out on AI

Electric vehicle maker Tesla made no changes to its sizeable Bitcoin (BTC) holdings for the fifth quarter in a row. However, it has directed more funds to double its computing capacity amid artificial intelligence (AI) efforts.

19.10 / 12:40

business Stablecoin Adoption Lightning Network lightning Bitcoin Lightning Labs releases Taproot Assets alpha, bringing stablecoins to Bitcoin

Bitcoin layer-2 infrastructure firm Lightning Labs has released the mainnet alpha of Taproot Assets, a protocol aimed at enabling stablecoins and real-world assets to be issued on the Bitcoin and Lightning Network.

19.10 / 12:39

business Blockchain Oil and Gas hyperledger India state refiner HPCL to use blockchain to verify purchase orders

India’s state-run refiner, Hindustan Petroleum (HPCL), one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders (POs).

19.10 / 12:39

business Adoption Web3 Digital Asset Middle east UAE emirate launches new free zone for digital assets, Web3 and AI

Ras Al Khaimah ruler Sheikh Mohammed bin Saud bin Saqr Al Qasimi inaugurated the new RAK Digital Assets Oasis (RAK DAO), an economic free zone dedicated to supporting companies involved in digital and virtual assets, blockchain, Web3 and artificial intelligence (AI) on Oct. 19.

18.10 / 09:33

business NFT Gaming Tokens Metaverse Yuga Labs BAYC creator Yuga Labs completes restructuring to focus on metaverse

Yuga Labs, the company behind the major nonfungible token (NFT) project Bored Ape Yacht Club (BAYC), has completed restructuring amid the ongoing challenges in the industry.

18.10 / 05:38

business Adoption data Survey saga Hong Kong’s attitude toward crypto sours after JPEX saga: Survey

Public attitude towards cryptocurrency in Hong Kong has taken a dive following the JPEX crypto exchange scandal, according to the initial findings of a new survey.

18.10 / 03:57

business Adoption SEC coinbase Middle east shares Coinbase lobbying efforts face setback from Hamas’ crypto use: Berenberg analysts

The use of cryptocurrency by Hamas militants to fund recent attacks on Israel may have set back Coinbase’s crypto lobbying efforts in the United States, says a new investment report from Berenberg Capital Markets.

18.10 / 02:17

business Blockchain Altcoin Reddit Rewards Reddit to wind down blockchain-based rewards service ‘Community Points’

Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns.

17.10 / 16:20

business Blockchain Ethereum Funding layer2 Immutable delays $67M token vesting by another year

Developers of Ethereum layer-2 nonfungible tokens (NFT) scaling solution Immutable (IMX) will delay the vesting of 125 million IMX in token rewards, worth $67 million at the time of publication, to July 2024.

17.10 / 14:23

business regulation Telegram Russian telecoms giant MTS announces ads service targeting Telegram users

Russia’s largest telecommunications firm, MTS, claims it will launch an advertising service targeting Russian Telegram users, but the social messaging application denies it has any agreements in place.

17.10 / 14:23

business Blockchain regulation Banks banking BIS committee Banks’ crypto exposure must be disclosed — BIS’ Basel Committee

The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) released a consultation paper on Oct. 17, proposing to make it compulsory for banks to disclose their crypto exposure.

17.10 / 12:31

business Blockchain IPO Adoption Ripple XRP Ripple job posting hints at possible IPO, XRP community says

Fintech payments company Ripple released a new job posting on Oct. 16 for a shareholder communications senior manager across multiple locations in and outside the United States. The job posting prompted many crypto enthusiasts to label it as an official hint about the company’s plans to go public.

17.10 / 12:31

business Adoption Consensus Research DAO community Medicine DeSci-focused DAO community funds cancer research

VitaDAO, a decentralized autonomous organization (DAO) collective dedicated to early-stage longevity research, funded the launch of a biotech company, Matrix Biosciences, which is dedicated to treating cancer and aging diseases.

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