Business Financial News
06.10 / 06:33
06.10 / 06:33
markets
business
Blockchain
Unemployment
GameFi could be the answer to unemployment for some — Aussie game studio
Australian-based Web3 game studio Ninja Syndicate's CEO and founder believes GameFi could usher in a new era where users can earn a living wage through blockchain games.
06.10 / 01:11
business
NFT
Bankruptcy
Three Arrows Capital's NFTs collection to be liquidated
Teneo, the liquidation firm in charge of the Three Arrows Capital (3AC) bankruptcy process, confirmed in a statement to Cointelegraph on Oct. 5 that it has custody of the NFTs moved from the addresses related to Starry Night Capital, a fund launched by the co-founders of the now-bankrupt hedge fund.
05.10 / 19:01
business
Blockchain
Technology
SWIFT says it has reached a 'breakthrough' in recent CBDC experiments
On Wednesday, the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, announced that it has successfully moved central bank digital currencies (CBDCs) and tokenized assets on existing financial infrastructure through two separate experiments. According to SWIFT, the results demonstrated that "CBDCs can be rapidly deployed at scale to facilitate trade and investment between more than 200 countries and territories around the world."
05.10 / 17:55
business
Gaming
Funding
Sky Mavis
Skyweaver's parent company secures $40M in Series A funding
Horizon Blockchain Games, the developer behind the Skyweaver game, has raised $40 million in Series A funding, the company disclosed on Oct. 4. The round was led by Brevan Howard Digital and Morgan Creek Digital, with additional participation from Polygon, Take-Two Interactive, Ubisoft, Xsolla, The Sandbox’s co-founder Sebastien Borget, Sky Mavis and Axie Infinity co-founder Aleks Larsen, among other investors.
05.10 / 17:21
business
Technology
Trading
Bitcoin
FTX’s $1.4B bid on Voyager Digital assets: A gambit or a way out for users?
In September, cryptocurrency exchangeFTX US secured the winning bid for the assets of embattled crypto brokerage firm Voyager Digital with a bid of approximately $1.4 billion. The bid was made up of the fair market value of Voyager’s crypto holdings “at a to-be-determined date in the future.”
05.10 / 12:15
business
Adoption
Bitcoin
Crypto-friendly Ray Dalio steps back from Bridgewater’s $150 million fund
After 47 years in charge of the world’s largest hedge fund, Bridgewater Associates, its founder Ray Dalio has finished a leadership transition that began in February. He is no longer one of three co-chief investment officers but will remain a chief investment officer (CIO) mentor and Operating Board member.
05.10 / 08:45
05.10 / 08:39
Dogecoin
business
Twitter
Deal
Musk's deal for Twitter looks set to go with original $44B price tag
In an unexpected u-turn, Tesla CEO and billionaire Elon Musk looks set to complete his $44 billion acquisition of Twitter, alleged spam bots, fake accounts and all.
05.10 / 07:21
business
coinbase
Asia
interview
Coinbase expands to Australia with focus on institutions in 'months to come’
United States-based cryptocurrency exchange Coinbase will expand its services in Australia, launching a local entity and an updated suite of services for retail crypto traders, hinting that institutional products are soon to follow.
05.10 / 07:03
business
lending
YouTube
Bankruptcy
NOT
Insolvency not in 'Nexo's reality,' says co-founder during AMA
Bankruptcy or insolvency is not in “Nexo’s reality” according to the crypto lending platform’s co-founder and managing partner, Kalin Metodiev.
05.10 / 06:37
business
Asia
Financial Services
Anchorage co-founder sees 'tons of opportunity' as it expands into Asia
Anchorage Digital co-founder and president Diogo Mónica believe there is immense opportunity in Asia’s institutional investors, with the digital asset infrastructure provider on Oct. 5 announcing a “major expansion” of its platform into the region.
05.10 / 01:15
business
Blockchain
movie
coinbase
Coinbase CEO announces documentary on cryptocurrency and exchange
Coinbase co-founder and CEO Brian Armstrong announced in a series of tweets on Oct 4 that a crypto centric documentary capturing his journey of building a tech start-up from the ground up will be available this Friday on Amazon Prime, iTunes, Youtube, and other streaming platforms.
05.10 / 01:15
business
Strategy
Digital Asset Management
Celsius’ co-founder Daniel Leon follows Mashinsky out as crypto exec flight continues
S. Daniel Leon, who cofounded Celsius with Alex Mashinsky in 2017, has quit his job as the bankrupt crypto lender’s chief strategy officer, CNBC reported Oct. 4, citing unnamed sources and an internal memo seen by the outlet. Bloomberg later reported receiving confirmation of Leon’s resignation from the company. Leon’s resignation comes one week after Mashinsky’s and is part of an apparently growing trend.
05.10 / 00:09
business
Investments
Web3
Funding
M31 Capital launches $100M Web3 investment fund with $50M in commitments so far
Crypto-focused investment firm M31 Capital has launched a new investment fund dedicated to Web3 companies, further underscoring the industry’s shift toward decentralized internet projects.
04.10 / 21:43
business
Blockchain
Banks
committee
Basel Committee: Banks worldwide reportedly own €9.4 billion in crypto assets
According to a new study published by the Basel Committee on Banking Supervision, a supranational organization responsible for setting standards on bank capital, liquidity, and funding, 19 out of 182 global banks supervised by the committee reported ownership of digital assets. Combined, their total exposure to crypto is estimated to be €9.4 billion.
04.10 / 18:35
business
Blockchain
ETF
grayscale bitcoin trust
Grayscale Bitcoin Trust terminates material agreements with Genesis
According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust has terminated two agreements with cryptocurrency broker Genesis.
04.10 / 17:07
business
DEX
transactions
partnership
Unstoppable Domains
1inch wallet users get domain names with Unstoppable Domains partnership
Decentralized exchange aggregator 1inch has partnered with Unstoppable Domains to help users simplify cryptocurrency payments — a move the company says could strengthen wider adoption of DeFi products and services.
04.10 / 11:17
business
Blockchain
Adoption
MasterCard
Mastercard launches new crypto fraud protection tool
The financial service provider Mastercard will launch a new crypto service related to risk management on Tuesday Oct. 3. Mastercard’s new service, Crypto Secure, is aimed to help banks find and prevent fraud on crypto merchant platforms.
04.10 / 09:15
business
Latin America
Binance opens two new offices in Brazil as team doubles since March
Changpeng Zhao (CZ) led crypto exchange Binance has opened up two offices in Brazil as the firm looks to tap the country’s emerging crypto market, with reportedly more than 34.5 million crypto users there.
04.10 / 05:11
business
Blockchain
Adoption
data
Covalent CEO: There’s an ‘unresolved backlog’ of unfilled Web3 data roles
Ganesh Swami, CEO of blockchain data aggregator Covalent says there continues to be an “intense demand” for on-chain data analysts, that is yet to be satisfied.
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