Business Financial News
19.10 / 08:57
19.10 / 05:49
business
Blockchain
regulation
Bitcoin
regulatory
BTC energy use jumps 41% in 12 months, increasing regulatory risks
Bitcoin (BTC) has seen a 41% increase in energy consumption Year-on-Year (YoY) despite dramatic improvements in energy efficiency and a more diverse and sustainable energy mix — but there are concerns the rise could see regulators clamp down on mining.
19.10 / 05:49
business
Twitter
Social Media
Jack Dorsey unveils decentralized social with algo choice and portable accounts
Twitter co-founder and former CEO Jack Dorsey have lifted the curtain on the latest iteration of its social protocol and a new Bluesky Social app — as part of its decentralized answer to Twitter.
19.10 / 00:03
business
lending
Bankruptcy
Voyager Digital won’t sue its executives for incompetence, will claim insurance on them
Voyager Digital has preferred not sue its top executives for incompetence, in spite of their role in approving a huge loan to Three Arrows Capital (3AC) without adequate due diligence. That loan was a key element leading to Voyager Digital’s bankruptcy. Court papers filed Oct. 17 show that a Voyager Digital internal special committee has proposed that CEO Stephen Ehrlich and chief commercial officer (formerly chief financial officer) Evan Psaropolous keep their jobs and not be sued.
18.10 / 23:03
business
Blockchain
banking
Q3
Silvergate Capital's crypto-to-fiat transfers decrease by $50B compared to Q3 2021
On Tuesday, Silvergate Capital, a crypto-fiat gateway network designed for financial institutions, announced its financial results for Q3 2022.
18.10 / 22:53
business
Blockchain
Binance
network
500
Users upset that Binance's wrong crypto network retrieval fees have soared to 500 BUSD
On Oct. 18, the product team at cryptocurrency exchange Binance held an ask-me-anything session with users on Reddit. Of particular interest was a discussion that arose regarding retrieval fees for crypto sent on different networks than the recipient's wallet address on Binance. According to user Maxx3141, who brought up the issue:
18.10 / 18:03
business
shopping
e-commerce
App Store
Shopify
Shopify partners with Novel to deliver accessible Web3 for merchants
Major global e-commerce platform Shopify announced a partnership with Novel, a no-code Web3 commerce platform, to make Web3 technologies accessible and approachable for all merchants.
18.10 / 18:03
business
Ripple
Developers
Web3 Projects
Ripple’s $250M fund backs Web3 projects focused on ‘entertainment and media’
In September 2021, enterprise blockchain and crypto solutions company Ripple launched the Ripple Creator Fund, a $250 million initiative committed to providing creators with the financial, creative and technical support needed to create nonfungible tokens (NFTs) and other tokenization projects on the XRP Ledger.
18.10 / 14:13
business
Gaming
Funding
Venture Capital
Web3 infrastructure firm ChainSafe raises $18.75M as attention shifts to GameFi
Canadian Web3 infrastructure company ChainSafe has closed an $18.75 million funding round that was backed by prominent industry venture firms, putting the company on track to expand operations at a time when demand for blockchain infrastructure and gaming services was on the rise.
18.10 / 09:19
business
cryptocurrency
Digital Currency
World
Crypto hackers steal $3 billion in 2022, set to be biggest year for digital-asset heists
Despite prices of cryptocurrencies crashing this year, digital currencies continue to remain cash vending machines for hackers. Investors have lost over $3 billion to hackers across 125 hacks in 2022 so far, which is likely to surpass 2021 as the biggest year for hacking on record, according to blockchain analytics company Chainalysis.
18.10 / 09:11
business
Blockchain
Ethereum
Ripple
Ripple wants to bring Ethereum smart contracts to the XRP Ledger
Ripple users may be able to interact with Ethereum-compatible decentralized applications (DApps) in the future following the launch of a test phase of Ripple’s new XRP Ledger sidechain.
18.10 / 09:11
business
Crypto Collectibles
Bitcoin, space travel and TikTok debut in Guinness World Records
Guinness World Records has added Bitcoin (BTC) and a number of blockchain events in the latest edition of its record book under the category of “Cryptomania.”
18.10 / 07:45
business
Law
Bankruptcy
3AC liquidators seek ‘alternative means’ to subpoena missing founders
Liquidators for Three Arrows capital (3AC) have asked a U.S. court to grant them permission to subpoena the embattled crypto hedge fund's founders through “alternative means.”
18.10 / 05:57
business
Payments
Metaverse
Walmart CTO says crypto will become a 'major' payments disruptor
Walmart’s global chief technology officer (CTO) Suresh Kumar has tipped cryptocurrency to become a "major" area of disruption, particularly in how customers pay for virtual and physical goods in the future.
17.10 / 23:05
business
Blockchain
Terra
Terra developers propose revised 95M LUNA ecosystem funding program
On Monday, developers of the Terra ecosystem, which consists of Luna Classic (LUNC) — formerly known as Terra (LUN, TerraUSD (USTC), and Luna 2.0 (LUNA), proposed a revised expansion program for allocating 95 million LUNA ($248 million). As told by Terra, the new proposal is designed to incentivize development in the Terra ecosystem and fix issues in the original proposal.
17.10 / 21:03
business
Blockchain
Binance
regulation
Framework
regulatory
New allegations arise regarding Binance's regulatory framework
On Oct. 17, a new report published by Reuters alleged that cryptocurrency exchange Binance "swerved scrutiny" from regulators in the United Kingdom and the United States. The main spearhead of the allegations arises from two supposed incidents in its operating history.
17.10 / 19:57
business
Gemini
Winklevoss Twins
Cameron Winklevoss steps down from Gemini's European board
Cameron Winklevoss, a co-founder of cryptocurrency exchange Gemini, has stepped down from the European company board of directors, according to a Companies House filing from Oct. 12.
17.10 / 17:44
business
Government
Law
What new EU sanctions mean for crypto exchanges and their Russian clients
Nine months into the conflict between Ukraine and Russia, sanctions against the latter have continued to grow at an aggressive pace. This time around, legislators for the European Union announced that they are introducing a complete ban on all cross-border crypto payments between Russia and its citizens.
17.10 / 17:44
business
NFT
Sport
Fan token firm Chiliz grows staff by 70% despite crypto winter
Blockchain company Chiliz, creator of fan token platform Socios.com, has continued to expand its workforce despite the ongoing bear market, reflecting a growing trend in the fan token sector.
17.10 / 11:23
business
Binance
Mining
Crypto miners
Support
Binance launches $500M lending project to support crypto miners
Binance Pool, a mining subsidiary of Binance, launched a $500 million lending project to support the crypto mining industry. It will provide loans to private blue-chip Bitcoin (BTC) crypto miners.
17.10 / 09:07
business
Blockchain
Adoption
Digital
2024
Koreans to have access to blockchain-powered digital IDs by 2024
South Koreans could soon allow its citizens to use blockchain-based digital identification (ID) instead of physical cards as soon as 2024, as the nation further embraces blockchain technology.
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