Business Financial News
09.11 / 03:53
business
Binance
FTX
Prison
Martin Shkreli reassures Do Kwon about life in prison as they discuss FTX and Binance
The huge changes in the crypto exchange market on Nov. 8 led to equally massive waves of commentary. The UpOnlyTV channel on Twitch was a beneficiary of this activity with Do Kwon and Martin Shkreli showing up simultaneously to talk about the deal between Binance CEO Changpeng Zhao (CZ) and FTX CEO Sam Bankman-Fried (SBF) for the purchase of FTX.
08.11 / 22:35
business
Binance
chess
Binance's FTX acquisition seen as chess move by crypto community
"Who needs Netflix when you are in crypto?", commented a user on Twitter as the crypto industry attempts to digest the acquisition of cryptocurrency exchange FTX by its rival Binance. The deal, disclosed on Nov 8., has been compared with a "chess move" by some, insinuating that Binance's strategy intentionally led to the deal.
08.11 / 21:55
business
Twitter
Binance
Bitcoin
Deal
FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX
FTX Token (FTT) and Solana’s SOL (SOL) endured a tough weekend of trading that saw altcoins take double-digit losses in the 15%–30% range, but the tide turned as news broke that Binance could be in the process of acquiring FTX.
08.11 / 20:15
business
Binance
Breaking: Binance CEO announces intent to acquire FTX to ‘help cover the liquidity crunch’
Following Binance CEO Changpeng Zhao’s announcement that the company would liquidate its position in FTX Token (FTT), FTX CEO Sam Bankman-Fried, also known as 'SBF,' took to social media seemingly in an effort to quell rumors of conflict between the major crypto exchanges.
08.11 / 18:15
business
Adoption
education
AIM
Gym owners aim to bring NFT memberships to wellness clubs
While many nonfungible token (NFT) projects continue to suffer losses due to the bear market, a number of organizations have begun using NFTs to solve real-world problems.
08.11 / 12:23
business
Altcoin
community
Pump and Dump
Alameda on the radar of BitDAO community for alleged dump of BIT tokens
The recent concerns related to the volatility of FTX Token (FTT) seeped into FTX CEO Sam Bankman-Fried’s other business operation, Alameda Research, as the BitDAO community requested information about Alameda’s BitDao (BIT) holding commitment.
08.11 / 11:23
08.11 / 09:37
business
Ripple
SEC
Court
Investors increasingly confident of Ripple's victory over SEC: CoinShares
Recent developments in the Ripple vs Securities and Exchange Commission (SEC) case appear to have bolstered investor confidence in XRP-tied investment products, according to investment data from CoinShares’ head of research James Butterfill.
08.11 / 07:11
business
Technology
Law
Bitcoin
Countries ignoring crypto AML rules risk placement on FATF's 'grey list' — Report
Countries failing to adhere to anti-money laundering (AML) guidelines for cryptocurrencies could find themselves added to the Financial Action Task Force’s (FATF's) “grey list."
08.11 / 00:21
business
Blockchain
creditors
Bitcoin Miner
Bitcoin miner Iris Energy faces $103M default claim from creditors
According to a new filing with the U.S. Securities and Exchange Commission on Monday, Bitcoin (BTC) miner Iris Energy says it has received a default notice from mining rig manufacturer Bitmain Technologies.
07.11 / 19:17
business
Twitter
Adoption
Social Media
What Musk’s Twitter acquisition could mean for social media crypto adoption
The emergence of Web3 technologies has brought Web2-based companies to consider amendments to their current products and services. Many leading brands are using Web3 technologies such as nonfungible tokens (NFTs) to promote their brand as well as show their affiliation with emerging tech.
07.11 / 07:55
markets
business
Blockchain
Technology
Royalties
OpenSea launches new "on-chain" tool to enforce NFT royalties
Nonfungible (NFT) marketplace OpenSea appears to have taken a position in the NFT royalties debate — launching a new "on-chain" tool helping creators enforce royalties.
07.11 / 06:27
business
Facebook
Blockchain
Adoption
Meta Ceo
Meta reportedly plans 'large-scale layoffs,' but what of its metaverse division?
Social media and tech giant Meta is reportedly gearing up for “large-scale layoffs” this week amid rising costs and a recent collapse of its share price.
07.11 / 06:05
business
Binance
exchanges
Holdings
Binance to liquidate its entire FTX Token holdings after ‘recent revelations’
The CEO of cryptocurrency exchange Binance, Changpeng “CZ” Zhao, said his company will liquidate the entirety of its position in FTX Token (FTT), the native token of competing exchange FTX.
07.11 / 03:29
business
Investments
Decentralization
Founders should consider VC firms their allies as they build in the bear market
This year’s bear market trajectory should be looked upon as a favorable opportunity for Web3 founders to raise capital and build cutting-edge products. Some of the most robust businesses today were built during market downturns, and founders now have a real opportunity to ensure they’re building products and services that meet genuine, real-world needs and look beyond oversized checks to find the most suitable business partnership.
06.11 / 17:31
business
Blockchain
Adoption
DeFi at the crossroads of the trucking industry to ensure efficient payments
The trucking industry is one of the most important sectors in the world. According to recent statistics, the global freight trucking market was worth over $2.7 trillion in 2021. In addition, it’s been found that millions of commercial driver’s license holders are employed by trucking companies within the United States, a market that is responsible for delivering 70% of all freight.
06.11 / 09:05
business
Adoption
Conference
Google
Solana unveils Google partnership, smartphones, Web3 store at Breakpoint
During the ecosystem’s annual gathering at Breakpoint 2022 in Libson, Solana made a series of launch announcements as it prepares to go mainstream. Cointelegraph’s ground team — present during the conference — shared insights into Solana’s roadmap, which includes the launching of smartphones, dApp stores and a partnership with Google Cloud, among others.
05.11 / 15:01
business
Twitter
Adoption
Investments
elon
Here's why Binance's CZ invested in Twitter following Elon Musk acquisition
The acquisition of Twitter by billionaire Elon Musk got mixed reactions from crypto and global communities, sparking discussions around changes to censorship, account verification and the launch of new crypto and blockchain-centric features. However, Binance CEO Changpeng “CZ” Zhao’s decision to invest $500 million in the social media site took the limelight.
05.11 / 11:57
business
Twitter
censorship
elon
Joe Biden unhappy with Elon Musk for buying a platform that "spews lies"
The relevance of social media platforms in swaying global politics was first highlighted with the rise of Facebook (rebranded later to Meta), which was accused of manipulating information based on user demographics. Twitter, which was recently acquired by Elon Musk, got the short end of the stick as US President Joe Biden accused the website of spewing lies.
05.11 / 01:33
business
SEC
Polkadot
security
NOT
Web3 Foundation makes bold claim to SEC: 'DOT is not a security. It is merely software'
The entity supporting research and development of Polkadot as well as overseeing fundraising efforts for the blockchain has argued that the United States Securities and Exchange Commission should not consider the DOT token a security under its regulatory purview.
04.11 / 22:23
business
NFT
Minting
Tattoo industry expands into the NFT space amid digital culture shift
Tattoos have been a universal phenomenon throughout the world for thousands of years, transcending cultural transformations and technological shifts. As the art continues to evolve, it has now taken steps into the nonfungible token (NFT) space in a bid to maintain relevant in an increasingly digital world.
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