Business Financial News

16.11 / 00:31

business Blockchain NFT Metaverse acquires Yuga Labs acquires Beeple’s 10KTF game, hints at metaverse integration

Yuga Labs, creators of Bored Ape Yacht Club (BAYC), have acquired 10KTF; the NFT game founded by digital artist Michael Winkelmann, also known as Beeple.

15.11 / 22:17

business Blockchain Technology DEX Costs 1inch seeks to optimize gas costs with its new v5 router

According to 1inch, users' gas costs for swaps will be at least 10% lower than its previous offerings in the DEX segment, thereby, making swapping activity on the Ethereum network more profitable for its users. In the Router v5, 1inch estimated that swaps will be approximately 5% more gas efficient than in the previous version, and 10% more gas efficient, compared to the second best performing player in the DEX segment.

15.11 / 21:41

business Blockchain Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge

According to its second-quarter (ending Sept. 30) earnings presentation released on Nov. 15, Vancouver-based digital assets mining company Hive Blockchain’s revenue declined by 44% year over year to $29.6 million. During the same period, the company’s net income also decreased from $59.8 million in the prior year’s quarter to a loss of $37 million.

15.11 / 16:57

business regulation Bankruptcy creditors FTX bankruptcy filing speculates over 1 million creditors

The FTX liquidation crisis turned bankruptcy saga continues as a recent filing reveals additional information on Sam Bankman-Fried’s leadership and the exchange’s final days.

15.11 / 16:57

business Binance BitMEX FTX Exchanges delist FTX Token pairs from trading platforms

As the FTX collapse continues to cause turmoil in the crypto industry, various crypto exchanges have delisted FTX Token (FTT) on their platforms.

15.11 / 15:29

business Blockchain Trading analyst FTX hacker still draining exchange wallets? Analyst calls it on-chain spoofing

The FTX hacker that drained over $450 million worth of assets just moments after the doomed crypto exchange filed for bankruptcy on Nov. 11, continues to drain assets from the exchange, four days after the hack was first flagged.

15.11 / 13:45

business Hardware Bitcoin reports Trezor reports 300% surge in sales revenue due to FTX contagion

Amid growing concerns over centralized cryptocurrency exchanges in the wake of the FTX crisis, investors are increasingly moving to hardware crypto wallets.

15.11 / 12:45

business Twitter Media Crypto Twitter unhappy with SBF 'puff piece' pushed by mainstream media

When the world realized the fraud Sam Bankman-Fried (SBF) committed to building his FTX empire, fellow entrepreneurs, investors and long-time believers unanimously acknowledged the damage caused to the credibility of the crypto ecosystem. On the other hand, mainstream media — that predominantly attacked crypto via negative speculations — has seemingly taken sides with SBF while paying no heed to the losses exceeding billions of dollars incurred by the general public.

15.11 / 10:39

business Twitter FTX Fried Sam Sam Bankman-Fried's weird, cryptic tweets attract even wilder theories

Sam Bankman-Fried, the founder and former CEO of the now-bankrupt cryptocurrency exchange FTX created a strange Twitter thread starting on Nov. 14 attracting the attention and speculation of the crypto community.

15.11 / 09:51

business Blockchain Adoption data crypto sector FTX collapse could see crypto sector layoffs accelerate

The fall of crypto exchange FTX and potential resulting contagion could lead to an acceleration of crypto-company layoffs in the coming months, recruitment specialists warn.

15.11 / 08:53

business cryptocurrency FTX Future What Could More Regulation Mean For The Future Of Cryptocurrencies?

Even the most established digital currency, Bitcoin, hit a two-year low following trouble at FTX.

15.11 / 07:17

business Apple Report virtual reality Apple job listings and patents hint at foray into ‘3D mixed-reality world’

Technology giant Apple appears to be working towards the development of a metaverse-sounding “3D mixed-reality world,” according to related patent filings and recent job postings.

15.11 / 06:39

Dogecoin business Ethereum cryptocurrency Binance Coin Top Cryptocurrency Prices Today November 15: Major cryptos in green, XRP top gainer

Major cryptocurrencies were trading in the green early on November 15 as the global crypto market cap increased 4.41 percent to $842.95 billion, over the last day. The total crypto market volume over the last 24 hours is $82.88 billion, which makes a 37.17 percent increase.

15.11 / 06:31

business Blockchain Adoption Binance Binance CEO urges crypto buyers to 'hold' amid 'unpredictableness'

Binance CEO Changpeng “CZ” Zhao has strongly advised cash-strapped and inexperienced investors to stay away from trading cryptocurrencies amid extreme market volatility and unpredictability.

15.11 / 05:07

business Adoption VISA FTX Visa terminates debit card program with FTX

Only a month after payments giant Visa announced a partnership with FTX to roll out a debit card program in 40 countries worldwide, Visa has abruptly ended the program due to FTX's recent insolvency and bankruptcy issues.

15.11 / 00:33

business Blockchain FTX BlockFi denies rumors that majority of its assets were held on FTX

Crypto lender BlockFi issued an official notice to its clients on Nov. 14 denying rumors that the majority of its assets were on FTX prior to the exchange’s collapse. According to an update shared by BlockFi, although a majority of its assets were not on FTX, it still has “significant exposure to FTX and associated corporate entities that encompasses obligations owed to us by Alameda, assets held at FTX.com, and undrawn amounts from our credit line with FTX US.”

15.11 / 00:33

business Blockchain Binance Investments Binance’s CZ says users share blame for placing trust in FTX, should take responsibility

During an ask-me-anything (AMA) session on Twitter Spaces on Nov. 14, Binance CEO Changpeng Zhao, also known as CZ, urged crypto users to take responsibility for their investment decisions and not put all of the blame on others when things go south.

15.11 / 00:33

business regulation investigation Financial Turkey’s financial authority investigates FTX’s collapse

Turkey’s Financial Crimes Investigation Agency is the latest authority to announce investigations into crypto exchange FTX after its collapse and bankruptcy filing on Nov.11.

14.11 / 22:13

business Blockchain Former Huobi-linked entity says it has $18.1 million stuck on FTX

According to a new filing with the Stock Exchange of Hong Kong on Monday, investment holdings company New Huo Technology, formerly known as Huobi Global, said that it has $18.1 million worth of deposits stuck on troubled cryptocurrency exchange FTX. Of this amount, $13.2 million consisted of client's deposits, and $4.9 million comprised of assets belonging to Hbit, another subsidiary.

14.11 / 18:01

business Blockchain FTX Crypto.com CEO addresses whereabouts of $1B in stablecoins sent to FTX

During a live ask-me-anything (AMA) session with users on Monday, Crypto.com CEO Kris Marszalek explained that the firm sent large-sum stablecoins to troubled cryptocurrency exchange FTX to fulfill liquidity within customers' orders at the time when FTX was still functional. As told by Marszalek:

14.11 / 16:39

business Mining Bitcoin Low Bitcoin Miner Bitcoin miner Canaan scales operations despite low earnings, CEO says

Chinese cryptocurrency mining firm Canaan will continue to expand operations despite the ongoing bear market and an associated drop in earnings, according to the company’s CEO.

frequently asked questions about business

What is business and why is it important?

Business is a trending topic that is in the spotlight. On our site, we regularly publish news related to this subject.

Where can I find the latest updates on business?

All new posts about business can be found in the special selection. We publish information regularly.

How can I verify the accuracy of information on business?

We rely on trusted sources to ensure that the information about business is well-supported and informative for our readers.