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25.10 / 06:33

business Technology Apple App Store New Apple rules double down on 30% NFT 'tax' and geo-limits exchanges

Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges marking the first time its codified specific rules for NFTs.

25.10 / 06:33

business Facebook Blockchain Adoption Meta Ceo Zuckerberg's $100B metaverse gamble is 'super-sized and terrifying,' shareholder says

A shareholder’s open letter to Meta CEO Mark Zuckerberg has labeled the tech giant's investment into the Metaverse as “super-sized and terrifying.”

25.10 / 00:17

business Adoption Payments Bitcoin Global Bitcoin payments market projected to reach $3.7B by 2031: Research

The global Bitcoin (BTC) payments market will reach $3.7 billion by 2031, registering a compound annual growth rate (CAGR) of 16.3% from 2022 to 2031, with private keys and hardware driving the sector expansion, forecasted Allied Market Research in a report published on Oct. 24.

24.10 / 21:47

business NFT Reddit Time Reddit NFT trading volume hits all-time high as wallet holders near 3 million

According to data provided by Polygon and Dune Analytics, the trading volume of Reddit nonfungible token (NFT) avatar collection has eclipsed $1.5 million in the past 24 hours. The increase represents over one-third of the collection's cumulative trading volume of $4.1 million since launch. At the same time, Reddit NFTs' daily sales volume also witnessed a new all-time high of 3,780 digital collectibles changing hands.

24.10 / 19:45

business Blockchain Adoption Tel Aviv Stock Exchange to create crypto platform

The Tel Aviv Stock Exchange (TASE) disclosed on Oct. 24 the creation of a blockchain-based platform to expand its trading services to cryptocurrencies and other digital assets as part of the new strategic plan for the years 2023 to 2027.

24.10 / 18:47

business Blockchain Tesla Tesla's Bitcoin losses rise to $170M in first 9 months of 2022

According to Tesla's latest Q3 earnings report filed with the United States Securities and Exchange Commission, the electric vehicle (EV) manufacturer disclosed that it had invested a total of $1.5 billion into Bitcoin (BTC) since early 2021. Of this amount, the firm is currently sitting at a $170 million unrealized loss from the change in the fair value of its investment. This is offset by a gain of $64 million from realized profits on Bitcoin at various points in the last two years, leading to a net loss of $106 million by the end of Q3.

24.10 / 17:05

business Adoption Investments Web3 Hub Japanese port city wants to become the Web3 hub for the country

In Japan, the city of Fukuoka is looking towards the future of Web3 in its latest partnership with Astar Japan Labs - the company behind Japan’s leading blockchain, the Astar network.

24.10 / 16:15

business Stablecoin Payments partnership Checkout.com Fireblocks launches crypto payment engine with Checkout.com and Worldpay as pilot partners

Following a successful pilot phase, digital asset custody platform Fireblocks has launched its new payment engine for merchants, opening up pathways for businesses to settle and accept cryptocurrency transactions across jurisdictions.

24.10 / 15:13

business Blockchain Santander bank trials blockchain platform for used cars in Brazil

Major global bank Santander continues exploring the benefits of blockchain technology, with a local branch implementing blockchain for vehicle trading and car registration.

24.10 / 09:57

business Hackers Scams API Time compensation FTX to give a 'one-time' $6M compensation to phishing victims

Cryptocurrency exchange FTX will provide around $6 million in compensation to victims of a phishing scam that allowed hackers to conduct unauthorized trades on certain FTX users’ accounts.

24.10 / 09:11

business Ripple XRP Developers exit Ripple's lead engineer to exit after nearly a decade with the firm

Ripple Labs’ director of engineering Nik Bougalis is exiting the firm after nearly 10 years, becoming the latest of crypto's long-time serving executives to depart from the space.

24.10 / 06:45

business Technology Investments Bitcoin services Crypto platform Freeway halts services citing 'unprecedented volatility'

Crypto platform Freeway has halted some of its services, citing "unprecedented volatility" in the foreign exchange and cryptocurrency markets in “recent times.”

24.10 / 02:39

business Technology Investments Crypto incubators have a responsibility to maintain fiscal discipline

Contrary to popular belief, a bear market provides ideal conditions for startup founders and developers to work on technological innovations. The absence of market frenzy and speculative investing helps startups to focus on the fundamentals, which are beneficial in the long run. However, bear markets dry up capital sources, and liquidity becomes the proverbial mirage of an oasis in the desert sand. Thus, startups turn toward incubators who become messiahs with their network of angel investors and venture capitalists.

23.10 / 14:33

business Trading Altcoin 3Commas issues security alert as FTX deletes API keys following hack

Automated crypto trading bot provider 3Commas issued a security alert after identifying certain FTX API keys being used to perform unauthorized trades for DMG cryptocurrency trading pairs on the FTX exchange.

22.10 / 22:49

business wallet Funding avalanche EVM VC Roundup: Web3 dev, EVM sharding and crypto banking headline blockchain funding deals

Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research. In addition to the Web3 mega funds announced recently, venture capital has also been making smaller, more targeted investments in the sector. In this week’s Venture Capital (VC) Roundup, we chronicle the latest Web3 funding initiatives and draw attention to a sharding platform, nonfungible token (NFT) marketplace, crypto banking solution and co-ownership infrastructure provider.

21.10 / 23:17

business Polkadot Developers Polkadot co-founder Gavin Wood steps down as CEO of Parity

Gavin Wood, the co-founder of Polkadot, is stepping down as the CEO of blockchain infrastructure company Parity Technologies. Parity is the development company behind the Polkadot ecosystem.

21.10 / 21:43

business Mining Energy Court network Financial Celsius Network defaults on payments to Core Scientific, causing financial unrest

Crypto lender Celsius Network's legal journey has gained another chapter as Bitcoin miner Core Scientific accused the company of refusing to pay its bills since filing for Chapter 11 bankruptcy, according to court papers filed on Oct. 19.

21.10 / 20:21

business Forex Paxos services Broker New York-based forex broker Oanda launches crypto trading services in US

New York-based multi-asset trading services Oanda has launched a new cryptocurrency trading service in the United States. This latest addition, developed in partnership with regulated blockchain infrastructure provider Paxos Trust Company, is designed to give investors easy access to crypto alongside their existing forex portfolios in a secure environment.

21.10 / 18:39

business Binance Bankruptcy Crypto Biz: Bear market claims another casualty

Three Arrows Capital. Celsius. Voyager Digital. The list of crypto bankruptcies, shutdowns and trading freezes has been endless in 2022. And the year isn’t over yet. This week, German crypto bank Nuri urged its users to withdraw funds ahead of the company’s planned shutdown in December — at least Nuri’s users were given proper notice.

21.10 / 16:33

business education Women Web3 Projects Web3 projects focus on education to bring Latin American women to the sector

Interest in Web3 continues to grow despite the crypto bear market. A recent article from McKinsey noted that venture capital investments in Web3 exceeded $18 billion during the first half of 2022. Findings from Cointelegraph Research also show that Web3 attracted the most interest from venture capitalists in comparison to other blockchain sectors during Q2 of this year.

21.10 / 09:43

business Stablecoin coinbase Usd Coin USDC adoption is lagging outside of the United States: Coinbase

United States-based cryptocurrency exchange Coinbase says the adoption of USD Coin (USDC) has been “more conservative” outside of the U.S., which it believes is a result of international currency conversion fees.

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