Business Financial News

24.11 / 09:33

business Caribbean Bankruptcy Bitcoin Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator

The Securities Commission of The Bahamas says the continued “hacking attempts” on FTX’s digital assets prove they made the right call to take control of the exchange’s assets on Nov. 12.

24.11 / 08:27

business Hollywood Amazon movie FTX miniseries gets go ahead, covering the ‘most brazen frauds ever committed’

An eight-episode limited series exploring the unraveling and scandals behind sunken crypto exchange FTX and its leadership is slated to soon begin production.

24.11 / 08:27

business Blockchain Adoption Binance CrossTower eyeing further crypto acquisitions outside of Voyager bid

Crypto exchange CrossTower Inc., which is currently bidding for the assets of Voyager Digital, is reportedly window shopping for other crypto company acquisitions.

24.11 / 06:47

business Blockchain Twitter The New York Times Fried events Sam Sam Bankman-Fried still speaking at events and the community is furious

Former FTX CEO Sam Bankman-Fried has once again attracted the ire of the crypto community — this time over his slated appearance at an upcoming New York City conference on November 30.

24.11 / 01:09

business CEO banking Block.one and its CEO become largest Silvergate Capital shareholders

Brendan Blumer, CEO of Block.one, which developed the EOSIO blockchain platform and EOS (EOS) coin, has purchased a stake in Silvergate Capital, the holding company for Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, according to an SEC filing. That document, dated Nov. 23, listed Nov. 16 as the date of the transaction.

24.11 / 00:49

business Blockchain Technology reserves audit OKX releases Proof of Reserves page, along with instructions on how to self-audit its reserves

Crypto exchange OKX has released a Proof of Reserves page that allows users to audit its reserves to make sure it is solvent. This comes at a time when crypto exchanges are coming under greater scrutiny after the collapse of FTX. OKX announced the new page in a tweet, as well as on its blog.

23.11 / 20:47

business FTX Bankruptcy Fried letter Sam Sam Bankman-Fried is 'deeply sorry' for collapse in letter to FTX team

Former FTX CEO Sam Bankman-Fried, also known as SBF, has reiterated apologies to the exchange’s employees in a letter explaining the collapse.

23.11 / 19:33

business Blockchain Technology Chinese VC loses $42M in crypto due to compromised mnemonic seed phrase

According to a new twitter post on Nov. 23, Bo Shen, general partner of the Vitalik Buterin-advised venture capital fund Fenbushi Capital, claime that $42 million worth of funds were drained from his Trust Wallet on Nov. 10. Shen, who grew up in China but now lives in Atlanta, says that the funds were his personal assets and the exploit does not affect Fenbushi-related entities.

23.11 / 16:29

business Adoption Central Bank Bank of Japan to trial digital yen with three megabanks

Despite Japan’s uncertainty on whether to issue a central bank digital currency (CBDC), the Bank of Japan (BoJ) continues experimenting with a potential digital yen.

23.11 / 12:07

business Adoption partnership FTX collapse triggers second thoughts on Busan City's crypto exchange plans

The FTX crash appears to have affected not only companies and investors but also entire cities that previously became partners of the troubled cryptocurrency exchange.

23.11 / 09:55

business cryptocurrency Environment World New York state partially bans cryptocurrency mining powered by fossil fuels

New York has become the first state in the US to temporarily ban new permits for fossil fuel plants that power cryptocurrency mining, which is an energy-intensive exercise. Crypto mining is the process used in the transaction of cryptocurrencies such as bitcoin and ethereum.

23.11 / 09:55

business cryptocurrency World Bitcoin Bitcoin at $1 million? You must be joking, netizens troll Cathie Wood on her forecast

Cathie Wood is holding on to her forecast of Bitcoin reaching $1 million by 2030 and the internet is in splits.

23.11 / 08:43

business Adoption Voting 'Metaverse’ a top 3 contender for Oxford’s Word of the Year

The word “Metaverse” is one of three in the running to be crowned the Oxford "Word of the Year” (WOTY) in a competition run by the Oxford University Press (OUP), the publisher of the Oxford English Dictionary.

23.11 / 08:17

business Adoption coinbase Survey Institutional investors are buying through crypto winter: Survey

A survey of institutional investors suggests that their cryptocurrency allocations have increased over the last year despite the industry going through a prolonged crypto winter.

23.11 / 06:21

business Grayscale Digital Currency Group Bankruptcy Genesis calls in restructuring expert in its fight to avoid bankruptcy

Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy.

23.11 / 06:21

business Blockchain Adoption Sport Argentina’s fan token sinks 31% after World Cup loss against Saudi Arabia

Argentina’s shock 2-1 loss to Saudi Arabia in the opening match of the FIFA World Cup has plummeted the price of the Argentine Football Association Fan Token (ARG), in line with the hopes of the nation’s die-hard soccer fans.

23.11 / 06:21

business SEC Report Bitcoin Core Scientific in 'substantial doubt' of continuing without more cash

Bitcoin (BTC) miner Core Scientific has warned of “substantial doubt” they will be able to continue operations over the next 12 months given financial uncertainty.

23.11 / 01:41

business Blockchain regulation investment platform licence Bitpanda secures crypto licence in Germany, claims to be the first “European retail” crypto investment platform to do so

In an official blog post, Bitpanda announced that it has secured a crypto custody licence from the German financial authority, BaFin.

22.11 / 21:33

business Binance Funding Middle east recovery Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund

Changpeng Zhao, chief executive officer of crypto exchange Binance, has denied a report claiming he met with investors in Abu Dhabi in an effort to raise cash for the company’s crypto recovery fund.

22.11 / 20:13

business Ethereum Grayscale Bitcoin grayscale bitcoin trust Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report

On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse.

22.11 / 19:09

business Adoption Payments Real Estate House on a hill: Top countries to buy real estate with crypto

The mainstream adoption of cryptocurrencies has brought immense potential to the fintech industry, and some of the capabilities have spilled over into the real estate market. Subsequently, the real estate sector is evolving to accommodate a new crop of investors who prefer making payments using crypto.

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