Business Financial News

21.10 / 09:01

business NFT virtual reality Metaverse Metaverse trading volume plummeted 80% but hype hasn’t decreased

Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics firm Dappradar suggests that interest in virtual worlds still remains.

21.10 / 08:51

business Binance FBI Investigations Binance US taps “most feared man on Wall Street” for new investigations unit

United States crypto exchange Binance US has created a new “investigations unit” and tapped a former FBI special agent as its new head, with the aim of seeking out and stopping illegal activity on its platform.

20.10 / 22:25

business Uniswap DAO UNI tokens delegation was a ‘misunderstood situation,’ according to Binance’s CZ

The millions of UNI (UNI) tokens delegated by Binance were a "misunderstood situation," said Binance CEO Changpeng “CZ” Zhao in a Twitter post, in response to questions about 13.2 million UNI tokens delegated on Oct. 18 that made Binance the second-largest entity by voting power in the Uniswap DAO.

20.10 / 21:49

business Blockchain 77.1% of Salvadorans surveyed think the gov’t should ‘stop spending public money’ on Bitcoin

In a recent study published by José Simeón Cañas Central American University in El Salvador, 77.1% of respondents say that they want the Salvadoran government to stop “spending public money on Bitcoin.”

20.10 / 20:11

business Blockchain Technology Following launch hype, PancakeSwap wants to deploy mainnet on Aptos

On Oct. 20, developers of the popular decentralized exchange, or DEX, PancakeSwap proposed deploying its mainnet on layer-1 blockchain Aptos.

20.10 / 20:11

business NFT Uniswap Rarible NFT marketplace adds Web3 aggregation with new version

Rarible, the Ethereum-based nonfungible token (NFT) marketplace, announced its platform upgrade to Rarible 2 on Oct. 20.

20.10 / 16:29

business Adoption Banks AML Institutional crypto adoption requires robust analytics for money laundering

Institutions have begun to take crypto seriously and have entered the space in numerous ways. As noted in a previous analysis, this has resulted in banks and fintechs looking at custody products and services for their clients.

20.10 / 13:29

business Adoption cryptocurrency trading Mobile bank N26 launches cryptocurrency trading with Bitpanda partnership

The $9 billion-valuated German fintech N26 launched crypto trading on its mobile app. Starting from Austria and rolling out to other countries in the upcoming months, N26 Crypto will let its customers buy and sell 200 cryptocurrencies, including Bitcoin (BTC) and Ether (ETH).

20.10 / 09:15

business Technology Ethereum Adoption asset manager $4.5T asset manager Fidelity offers ETH custody and trading to clients

Fidelity Digital Assets, the crypto wing of $4.5 trillion asset manager Fidelity Investments, is set to offer Ether (ETH) custody and trading services to its institutional clients later this month.

20.10 / 08:53

business Court Bankruptcy Deal Customers Voyager customers could recover 72% of frozen crypto under FTX deal

Customers of bankrupt crypto lender Voyager Digital may be able to recover 72% of the value of their accounts under a tentative deal with FTX US, according to court documents.

20.10 / 00:57

business Adoption security Celestia Celestia Foundation raises $55M for modular blockchain architecture

Celestia Foundation announced on Oct. 18 that it had raised $55 million in a funding round led by Bain Capital Crypto, Polychain Capital, Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, Jump Crypto, and angel investors; Balaji Srinivasan, Eric Wall, and Jutta Steiner.

20.10 / 00:07

business Blockchain Technology Report: Half of all DeFi exploits are cross-bridge hacks

According to a new report by crypto data aggregator Token Terminal, approximately 50% of exploits in decentralized finance, or DeFi, occur on cross-chain bridges. In two years' time, more than $2.5 billion have been stolen by hackers from exploiting vulnerabilities on cross-chain bridges. The amount is enormous comparison to other security breaches, such as DeFi lending hacks ($718 million) and decentralized exchange exploits ($362 million) in that period.

19.10 / 21:09

business Blockchain Investments Q3 There were vast discrepancies in crypto markets during Q3: Report

According to a new report published by cryptocurrency data aggregator CoinGecko, several interesting anomalies surfaced in the cryptocurrency markets during the third quarter Although the digital asset industry witnessed heavy sell-offs earlier this year, its overall market cap actually increased by around $100 billion compared to Q2.

19.10 / 19:38

business Survey Research Bitcoin Most institutional investors hold or plan to buy cryptocurrencies: Survey

The latest survey carried out by Cointelegraph Research among 84 professional investors across the globe revealed that out of $316 billion in assets managed by the respondents, 3.3%, or approximately $10.42 billion, is invested in cryptocurrencies. Some surveyed investors reported over 50% exposure to digital assets, but respondents’ median percentage invested in cryptocurrencies stands at about 3%.

19.10 / 19:15

business DAO Open Source open ShapeShift moves closer to full decentralization with open-source mobile app

ShapeShift, a noncustodial crypto exchange and decentralized autonomous organization (DAO), has taken additional steps toward complete decentralization by migrating users to a new open-source application — a move the organization said would enhance user mobility.

19.10 / 19:15

business inflation Bank of England UK inflation rate hits 10.1%, British Bitcoin community responds

Prices in the United Kingdom continue to rise, hitting another 40-year high of 10.1%. According to figures from the U.K’s Office for National Statistics, the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to September 2022, up from 9.9% in August. The 10.1% figure mirrors July’s recent high.

19.10 / 15:09

business Adoption Tokens Polygon Blockchain Nubank Nubank to launch loyalty tokens on the Polygon blockchain

Nubank, a fintech bank in Brazil, announced the creation of the Nucoin token on the Polygon blockchain on Oct. 19, paving the way for a rewards program for its 70 million clients across Latin America.

19.10 / 15:09

business Law Asia Japanese regulators loosen crypto laws and make it easier to list coins

The Japan Virtual and Crypto Assets Exchange Association, the governing body that deals with crypto assets in Japan, released documents of plans to further ease crypto laws in the country.

19.10 / 10:27

business Blockchain Report: India ranks third in the world in terms of Web 3.0 workforce size

According to a new study published by the National Association of Software and Services Companies (NASSCOM), a non-profit organization in India with over 3,000 members, the country currently possesses 11% of the world's Web 3.0 talent. The figure makes India the world's third largest regarding its Web 3.0 workforce, employing nearly 75,000 blockchain professionals today. Furthermore, the industry group expects the talent pool to grow by over 120% within the next two years.

19.10 / 08:57

business Blockchain Adoption coinbase Institutions 'moving very, very fast' into Crypto: Coinbase exec

Institutional adoption of digital assets is “moving very, very fast,” and much faster than the rate nascent industries ordinarily develop at, says Coinbase Senior Advisor John D’Agostino.

19.10 / 08:57

business Banks banking German crypto bank Nuri tells 500K users to withdraw funds ahead of shut down

German crypto bank Nuri has told its 500,000 users to withdraw funds from their accounts as the firm prepares to shut down and liquidate the business, marking it as another victim of the 2022 bear market.

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