Business Financial News

17.10 / 09:07

business Blockchain Technology defi Time Polkadot hits all-time high in development activity

According to data from programming repository GitHub, Polkadot recognized more than 500 contributions each day in September — an all-time high for the multichain protocol. Simultaneously, data from Polkadot's cross-consensus interoperability standard XCM show that a record 26,258 messages were sent between its parachains. In total, 14,930 developers' contributions were recorded on Polkadot's GitHub in the month of August.

17.10 / 05:15

business Blockchain lazarus North Korea’s Lazarus behind years of crypto hacks in Japan: Police

Japan’s national police have pinned North Korean hacking group, Lazarus, as the organization behind several years of crypto-related cyber attacks.

17.10 / 00:53

business Adoption Trading Why crypto remittance companies are flocking to Mexico

Mexico is the second-largest recipient of remittances in the world, according to 2021 World Bank statistics. Remittances to the nation jumped to a record $5.3 billion in July, which is a 16.5% increase year-over-year compared to the same period last year. The steady growth presents myriad opportunities for fintech companies.

16.10 / 16:19

business Adoption Europe Swiss The state of crypto in Western Europe: Swiss powerhouse and French unicorns

Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the data on each and every member country from Portugal to Slovakia.

16.10 / 08:39

business defi hacks Loans Time Wintermute repays $92M TrueFi loan on time despite suffering $160M hack

When Wintermute, a cryptocurrency market maker, lost $160 million due to a hack, concerns related to the repayment of debt worth $189.4 million surfaced. However, in an exciting turn of events, Wintermute paid back its largest debt due Oct. 15, involving a $92 million Tether (USDT) loan issued by TrueFi.

15.10 / 08:45

business regulation Bankruptcy Texas authorities object to Voyager's disclosure statement in its current form

The Texas State Securities Board (SSB) and the Texas Department of Banking (DOB) raised an objection in court against Voyager Digital’s disclosure statement, questioning the various methodologies and calculations used to estimate the fair market value of the bankrupt exchange’s crypto assets.

14.10 / 22:45

business Web3 MetaMask $50B asset custody platform GK8 enters Brazil with license agreement

Digital asset custody platform GK8 has partnered with 2ND Market, a Brazilian crypto holding company, to expand cryptocurrency product offerings in Brazil — a move both companies say would support continued adoption in Latin America’s largest economy.

14.10 / 21:39

business swift Crypto Biz: $470B bank enters crypto — Probably nothing, right?

As crypto traders debate whether Bitcoin (BTC) is going to $25,000 or $15,000 first, the world’s largest financial institutions are laying the groundwork for mass adoption. The proverbial floodgates are unlikely to open before the United States provides a clear regulatory framework for crypto, but regulators and industry insiders are confident that guidance could come in 2023 at the earliest. In the meantime, megabanks like BNY Mellon, whose roots date back to 1784, are entering the space.

14.10 / 15:02

business NATO reports UK Finance UK finance minister Kwasi Kwarteng to be sacked, according to media reports

The UK is set for its fourth finance minister in as many months amid media reports that incumbent Kwasi Kwarteng will be sacked on Friday.

14.10 / 09:15

business Climate change lawmakers Trump Riot US lawmakers US lawmakers subpoena Donald Trump demanding 6 January riot testimony

The American politicians investigating and armed attack on the US Capitol building on 6 January 2021 have said they want to hear from former President Donald Trump.

14.10 / 05:55

business NFT Trading CoinShares CoinShares' Twitter bot gives a 'fair price' on NFTs, some disagree

Digital asset manager CoinShares has launched an experimental Twitter bot that will, in theory, enable users to check the estimated fair market value of specific nonfungible tokens (NFTs), though a few have been less than enthused about the estimates given.

14.10 / 01:23

business economics Crypto users Crypto users renew calls for Satoshi Nakamoto to win Nobel Memorial Prize for economics

Bitcoin (BTC) enthusiasts on social media platforms have reiterated their annual petition to have the Nobel Memorial Prize in Economic Sciences awarded to Satoshi Nakamoto.

14.10 / 00:20

business Blockchain Technology vulnerability Cosmos co-founder says a major security vulnerability has been uncovered on IBC

On Thursday, Ethan Buchman, co-founder of interblockchain communication (IBC) ecosystem Cosmos, said that a 'critical security vulnerability' had been discovered that 'impacts all IBC-enabled Cosmos chains, for all versions of IBC.' Buchman assured that steps have already been taken to ensure that all major public IBC-enabled chains have been patched, stating:

13.10 / 22:47

business Blockchain Adoption email This is what your email could look like in Web3

Forget about tracking DAO votes, DeFi transactions or data breaches across many channels and platforms. Your Web3 mailbox will handle it for you without requiring your phone number or legacy email address. Instead, your wallet address will receive and organize all this information.

13.10 / 21:22

business Stablecoin Tether bonds Tether reduces commercial paper exposure to zero, replaces investments with T-Bills

Stablecoin issuer Tether Holdings Limited has unwound its exposure to commercial paper, addressing a long-standing item of contention among detractors who’ve criticized the quality of its reserves.

13.10 / 19:15

business DEX Funding Uniswap Uniswap Labs raises $165M as attention shifts to NFTs, Web3

Decentralized exchange Uniswap Labs has raised $165 million in a Series B funding round that had participation from some of blockchain's biggest venture firms, putting the company on track to expand into other crypto-focused domains.

13.10 / 19:15

business Adoption Research Blockchain Game Q3 Blockchain games and metaverse projects raised $1.3B in Q3: DappRadar

Venture financing for the blockchain industry remained robust in the third quarter, even as bearish conditions ravaged digital asset markets, a sign that venture capital firms were focused more on the long-term value proposition of the sector.

13.10 / 17:43

business education Charity NFTs and crypto provide fundraising options for breast cancer awareness

The hype around nonfungible tokens (NFTs) may be fading, yet a number of organizations continue to implement Web3 initiatives. Nonprofit organizations and activists, in particular, have begun implementing nonfungible token projects to help fundraise and generate awareness for certain causes.

06.10 / 16:11

business Art Fashion Women week Web3 had a small, yet important presence at Paris Fashion Week

Paris Fashion Week 2022 consisted of 64 shows and 42 presentations, many of which demonstrated the future of fashion. From the sprayed-on dress worn by supermodel Bella Hadid at the Coperni show to upcycled fresh looks consisting of recycled garments, Paris Fashion Week brilliantly highlighted trends for upcoming seasons.

06.10 / 09:59

business Twitter Social Media How Crypto Twitter could change under Musk’s leadership

Barring another change of heart and certain conditions to be met, Elon Musk’s acquisition of Twitter looks set to go ahead, prompting the question of whether some or all of the changes he initially hinted for the platform will become a reality.

06.10 / 08:45

business ETF stocks CNBC It’s happened: Someone’s filed for Cramer ETFs with the SEC

Connecticut-based advisory firm Tuttle Capital Management has submitted a preliminary prospectus filing with the U.S. Securities and Exchange Commission (SEC) for two new exchange traded funds (ETFs) centered around betting against the investment tips from Jim Cramer.

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