Business Financial News

26.11 / 00:19

business defi SEC Bankruptcy American regulators to investigate Genesis and other crypto firms

Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25.

25.11 / 20:51

business defi DAO Amber Group's co-founder Tiantian Kullander passes away at 30

Amber Group's co-founder Tiantian Kullander, also known as TT, unexpectedly passed away in his sleep on Nov. 23, according to the company's official website. Tiantian was 30 years old and leaves behind a wife and a son.

25.11 / 19:17

markets business Disaster Disaster looms for Digital Currency Group thanks to regulators and whales

The cryptocurrency tide is flowing out, and it looks more and more like Digital Currency Group (DCG) has been skinny dipping. But let’s be clear: The current crypto contagion isn’t a failure of crypto as a technology or long-term investment. DCG’s problem is one of failure by regulators and gatekeepers.

25.11 / 17:09

business Law regulation FTX FTX’s collapse could change crypto industry governance standards for good

The crypto market is often referred to as the Wild West of the finance world. However, the events that have unfolded within this space recently would put to shame even the hardiest of cowboys from the day of yore.

25.11 / 16:11

business Blockchain exchanges AIM centralized exchanges Here's how centralized exchanges aim to win back users after the FTX collapse

Centralized crypto exchanges play a huge part in the crypto trading ecosystem. However, the FTX collapse showcased how difficult it is to trust exchanges with user funds. Despite this, crypto trading platforms continue to believe that they can win back the community’s trust.

25.11 / 16:11

business regulation FTX Turkey seizes FTX assets in the country amid the ongoing investigation

Assets belonging to former FTX CEO Sam Bankman-Fried have been seized by the country’s Financial Crimes Investigation Board, locally known as MASAK, following the collapse of his main business.

25.11 / 14:43

business Bitmain Bitcoin Matrixport Crypto lender Matrixport seeks $100M funding despite lending crisis

Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million in funding despite the ongoing crypto market crisis.

25.11 / 11:21

business Liquidity transactions Withdrawals CoinList addresses 'FUD' on withdrawals, cites technical issues for delays

Cryptocurrency exchange and Initial Coin Offering (ICO) platform CoinList took to Twitter to address “FUD” after a blogger tweeted that users reported being unable to withdraw funds for over a week, sparking fears the company was having liquidity issues or w insolvent.

25.11 / 08:35

business Blockchain Ethereum Adoption open StarkNet makes Cairo 1.0 open source in step toward greater community control

Zero-knowledge (ZK)-Rollup tech company StarkWare has officially open sourced its new programming language compiler, Cairo 1.0, which will soon be supported on Ethereum layer-2 scaling solution StarkNet in Q1 2023.

25.11 / 05:39

business Blockchain Microsoft WEMIX token plunges 70% after it's delisted by Korean exchanges

South Korea’s largest crypto exchanges have announced they will delist WEMIX (WEMIX) — the native token of gaming company Wemade’s blockchain platform Wemix — alleging the firm provided “false information” in response to an investment warning it was issued.

25.11 / 05:39

business Blockchain Adoption SEC NOT Belgium says BTC, ETH and other decentralized coins are not securities

Belgium’s financial regulatory body has confirmed its position that Bitcoin (BTC), Ether (ETH) and other cryptocurrencies that are issued solely by computer code do not constitute securities.

25.11 / 02:09

business Blockchain Upgrade Ethereum developers decided on eight proposals for the Shanghai update

Developers at the Ethereum foundation decided on eight Ethereum Improvement Proposals (EIP) to explore for the Shanghai update, the next major upgrade after the Merge and its move to proof-of-stake consensus, announced the Ethereum Foundation on Nov. 24.

24.11 / 22:21

business Trading FTX Support Bybit launches $100M support fund for institutional traders

Crypto derivatives exchange Bybit has launched a new support fund to help institutional traders access liquidity in the wake of the FTX collapse — an event that triggered a fresh wave of panic selling across the digital asset space.

24.11 / 22:21

business Binance Investments Nov recovery Binance says its Industry Recovery Initiative has 7 enrollees, 150 applicants

Binance announced Nov. 24 that it is spearheading the creation of a so-called Industry Recovery Initiative (IRI) on BloombergTV. New details about the project to “to lead the charge when it comes to protecting consumers and rebuilding the industry” have been released on the exchange's blog.

24.11 / 22:21

business economics 5 tips for riding out a downbeat market this holiday season

These forecasts are driven by deteriorating structural fundamentals. For example, credit card debt has surged past even 2020 levels, with interest rates charged by banks that are just slightly higher than those observed leading up to the post-2000 dot-com crash. And yet, labor force participation rates — or the proportion of the population that is able to work and is working — have still not recovered to pre-pandemic levels. Furthermore, inflation — as measured by the consumer price index — has surged over the past few years.

24.11 / 19:43

business Blockchain Technology MetaMask will start collecting user IP addresses

According to a revised privacy policy agreement published by ConsenSys on Nov. 23, MetaMask will begin collecting users' IP addresses and Ethereum wallet addresses during on-chain transactions.

24.11 / 18:37

business Adoption education How to talk to family members about crypto this Thanksgiving season

This week in the United States, millions of people comprising various political and financial backgrounds are traveling to see family members for the first time in months to celebrate Thanksgiving.

24.11 / 17:39

business Bitcoin Bitcoin miners look to software to help balance the Texas grid

Although Bitcoin (BTC) mining remains a controversial topic, it’s becoming more common to hear how Bitcoin mining can help balance grid demand. This is being demonstrated in the state of Texas, as Bitcoin miners are able to participate in demand response programs, which incentivize miners to turn off their operations during peak demand.

24.11 / 17:13

business MicroStrategy HODL Bitcoin Time First time Bear market? Advice from Bitcoin Bull Michael Saylor

First-time bear market? It’s also the first Bitcoin (BTC) bear market for Michael Saylor, one of the world’s biggest Bitcoin bulls.

24.11 / 16:09

business Bitcoin UK bank Starling bans crypto-related purchases and deposits citing high risk

Starling — a digital bank based in the United Kingdom — is the latest financial institution to ban crypto-related transfers and activities for its cardholders.

24.11 / 15:31

business regulation FTX UAE regulator revokes FTX license amid the exchange collapse

As the FTX debacle still creates waves in the crypto industry and beyond, the Dubai Virtual Assets Regulatory Authority (VARA) has suspended the license which allows FTX to make preparations to service the local market.

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