Business Financial News

02.11 / 22:05

business Blockchain Binance CZ explains why it's so important to be building during the bear market

During a live panel at the Web Summit in Lisbon, Changpeng Zhao (colloquially styled as CZ), CEO of cryptocurrency exchange Binance, shared his viewpoint on why it's so important for crypto projects to continue their development in the bear market. As told by CZ:

02.11 / 21:03

business Blockchain Web3 Crypto executives discuss the emergence of Web 3.0 tech hubs around the world

Where are the top destinations for a career in crypto? For some, it’s traditional innovation hubs such as Miami or Silicon Valley. For others, it’s Singapore or Seoul. In addition, some would even argue that as long as you have a stable internet connection, irrespective of location, is sufficient for one to carve their own path in the realm of Web 3.0.

02.11 / 18:17

business Technology Food Denmark election: From kingmakers to comeback kids, five things we learned from the vote

Perhaps nobody was more surprised by the Danish election results than incumbent Prime Minister Mette Frederiksen, who wiped away tears as she spoke to supporters at her party headquarters in Copenhagen late on Tuesday night.

02.11 / 17:37

business Technology Food Deal Ukraine war: Moscow rejoins grain deal; Russian missile strikes continue; and UK sanctions

Here are the latest news developments from Russia's war in Ukraine.

02.11 / 16:27

business Technology Activism Poland begins building new wall along border with Russia’s Kaliningrad

Poland’s government has authorised the construction of a new barrier along the 210-kilometre border with the Russian exclave of Kaliningrad.

02.11 / 16:27

business Technology Activism What is Listenbourg? Why is it going viral on Twitter? Why did the meme become so big in Europe?

It only took three days after a photoshopped map showing Listenbourg — a fictional country haphazardly tacked onto the Iberian peninsula — appeared on social media for the joke to take the world by storm.

02.11 / 16:23

business Government Stablecoin Bitcoin Union Bank Union Bank of the Philippines launches Bitcoin and Ethereum trading

The Union Bank of the Philippines (UnionBank), one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm.

02.11 / 16:19

business Government interview ‘DeFi will replace institutions entirely,’ says BitGo CEO Mike Belshe

The global decentralized finance (DeFi) market size was valued at $11.78 billion in 2021. This number is expected to increase as DeFi advances, yet it is still in its infancy. Therefore, a number of banks and traditional financial institutions still tend to be unaware of DeFi’s potential.

02.11 / 12:47

business regulation Huobi Caribbean Huobi Global reportedly plans relocation to the Caribbean

Chinese crypto exchange, which recently has had to disavow the rumors about massive layoffs inside the company, unveiled the plans to move its headquarters to one of the jurisdictions in the Caribbean, with Dominica being the first candidate.

02.11 / 11:05

business Court Bankruptcy Ponzi scheme Judge orders probe to investigate whether Celsius was a Ponzi

The judge overseeing the Celsius bankruptcy case has ordered the examiner and the official committee of Celsius creditors to determine who will head a probe into whether the firm was operating like a Ponzi scheme.

02.11 / 11:05

business security Bitcoin Withdrawals Deribit crypto exchange halts withdrawals amid $28M hot wallet hack

Major cryptocurrency derivatives exchange Deribit has halted withdrawals after suffering a $28 million hot wallet hack.

02.11 / 08:13

business Adoption S&P 500 Bitcoin Q3 play MicroStrategy CEO reiterates 'long term' Bitcoin play in Q3 earnings

The third quarter earnings for business intelligence firm MicroStrategy revealed a narrowed net loss of $27.1 million for the quarter, while it continues to grow its Bitcoin (BTC) portfolio despite poor crypto market conditions.

02.11 / 06:07

business Government BTC miner CleanSpark scoops up thousands of miners amid 'distressed markets'

Sustainability-focused Bitcoin (BTC) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop of mining industry consolidation.

02.11 / 03:45

business Congress Elections FTX exec revealed as big donor to Oregon Democrats following misidentification

A senior FTX executive has been revealed as the reported mystery donor behind a massive $500,000 contribution to the Democratic Party of the American state of Oregon.

02.11 / 03:45

business Lightning Network Bitcoin South African grocery giant ‘Pick n Pay’ intends to accept Bitcoin in all stores nationwide

Pick n Pay, one of South Africa’s largest supermarket chains, is set to allow its customers to pay for items in all its stores using Bitcoin.

01.11 / 23:59

business Law Mining Bankruptcy Financial Core Scientific may consider bankruptcy following uncertain financial condition: Report

Bitcoin mining firm Core Scientific is reportedly considering a potential bankruptcy amid a group of its convertible bondholders consulting restructuring lawyers.

01.11 / 20:53

business Blockchain Adoption Moneygram to enable users to buy, sell and hold cryptocurrency via mobile app

Global digital peer-to-peer (P2P) payments company MoneyGram has announced on Nov. 1 that users in nearly all U.S. states and the District of Columbia, can buy, sell, and hold cryptocurrency; specifically, Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), via its MoneyGram mobile app.

01.11 / 20:53

business Technology Apple Apple Pay crypto rules Apple's absurd new crypto rules expose how out-of-touch it's become

Giant companies like Apple have made a fortune by centralizing their powers and profits and expanding their product and services network to be a part of people’s lives in as many ways as they can. Until recently, however, Apple had also demonstrated an ability to tunnel-focus its efforts to stay relevant and up to date with what consumers wanted, what mattered to them and what they needed most from the tech giants they rely on. It seems that this is not strictly true anymore, and that is a real shame.

01.11 / 16:03

business Technology Law Adoption centralized exchanges Crypto adoption via regulation: Setting rules for centralized exchanges

Centralized cryptocurrency exchanges have become the backbone of the nascent crypto ecosystem, making way for retail and institutional traders to trade cryptocurrencies despite a constant fear of government crackdowns and lack of support from policymakers.

01.11 / 09:35

business Blockchain Twitter Tesla I'm the captain now: Musk chops Twitter board, becomes sole director

Crypto-friendly billionaire Elon Musk has become the sole director of Twitter, following the dissolution of nine former board members, according to newly filed documents.

01.11 / 09:35

business Blockchain Twitter Twitter monetization and free speech drove Binance's $500M injection: CZ

Binance CEO Changpeng “CZ” Zhao has explained the reasoning behind its $500 million co-investment into Elon Musk’s Twitter, citing monetization potential, crypto community free speech, and the opportunity to eventually “help bring Twitter into Web3.”

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