Business Financial News

27.09 / 19:27

business security Funding Venture Capital Crypto-focused MPC developer raises $40M

Multi-party computation (MPC) developer MPCH Labs has concluded a Series A funding round totaling $40 million ahead of the planned launch of its Fraction digital asset operating platform later this year.

27.09 / 19:27

business US President Brett Brett Harrison will step down as FTX US president, move into advisory role

The president of cryptocurrency exchange FTX US, Brett Harrison, has announced he will be transitioning into an advisory role in the next few months.

27.09 / 18:33

business Blockchain Technology Chain Cross-Chain Axelar, Mysten Labs partner on cross-chain communication for super dApps

The Proof-of-Stake (PoS) blockchain Axelar and infrastructure company behind Sui blockchain, Mysten Labs, disclosed a partnership on Tuesday to deliver cross-chain communication for developers through General Message Passing, aiming to advance the prospect of a "super dApp". Integration is expected to be completed before the end of the year.

27.09 / 18:33

business Blockchain lending Celsius CEO Alex Mashinsky resigns

According to a new press release published on Tuesday, Alex Mashinsky, CEO of troubled crypto lender Celsius Network, has resigned effective immediately. In explaining the decision, Mashinsky wrote:

27.09 / 18:03

business lending stake acquires Nexo acquires stake in US chartered bank

Digital asset lending platform Nexo has purchased a stake in a holding company that owns a federally chartered bank in the United States — a move Nexo said will enhance its ability to serve retail and institutional clients.

27.09 / 18:03

business Blockchain economics Global think tank suggests blockchain in public finance can help reduce fraud

The Official Monetary and Financial Institutions Forum, or OMFIF, an independent global think tank for central banking and economic policy, has released a report suggesting that blockchain technology in a public finance management system could provide information essential to “formulate and design fiscal policy.”

27.09 / 18:03

business Adoption Polygon partnership Robinhood Web3 wallet enters beta, taps Polygon as first blockchain

Crypto and stock trading platform Robinhood announced the launch of Robinhood Wallet, a self-custody, Web3 wallet, with Polygon (MATIC) as its first supported blockchain.

27.09 / 14:13

business Blockchain DApp Chainlink Galaxy Digital to provide market data to blockchains with Chainlink

Despite the innovations brought about by blockchain technology, a blockchain by itself does not automatically come with market data. To fix this, the trading and asset management firm Galaxy Digital has collaborated with the blockchain oracle provider Chainlink.

27.09 / 09:07

business Blockchain Gaming Walmart Nifty News: Walmart steps into the Metaverse, @NFT founder hacked and more

American retail giant Walmart has taken its first steps into the Metaverse with the launch of Walmart Land and Walmart's Universe of Play on Roblox.

27.09 / 07:11

business exchanges Auction Bankruptcy FTX US wins auction for Voyager Digital’s assets

Cryptocurrency exchange FTX US has secured the winning bid for the assets of crypto brokerage firm Voyager Digital with a bid valued at approximately $1.4 billion according to Voyager.

27.09 / 05:39

business Blockchain Technology Adoption New Cosmos whitepaper repurposes ATOM token and refines vision

Interoperability-focused blockchain network Cosmos has dropped a new whitepaper proposing a revamped Cosmos Hub aimed at strengthening interoperability and security, along with key changes to its native ATOM token.

27.09 / 04:43

business Payments MasterCard partnership Bored Apes, Moonbirds to feature on NFT-customized Mastercard debit cards

Mastercard has launched customizable nonfungible token (NFT) debit cards, allowing some cardholders who own avatars from select NFT collections to add the artwork onto the payment's card.

27.09 / 02:11

business Investments exchanges FTX, Binance and CrossTower are competing to buy Voyager Digital assets: Source

Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources.

26.09 / 21:31

business regulation regulatory Singapore strives to remain relevant amid regulatory tightening for retail investors

Singapore's largest bank, DBS, has announced another move to expand its crypto services while remaining cautious in complying with the financial authorities' view that crypto assets are not suitable for retail investors in the country.

26.09 / 16:25

business Adoption security Banks Institutional crypto custody: How banks are housing digital assets

Until 2020, most of the crypto market action was largely driven by retail enthusiasm. It was only around August 2020 that institutions started to participate meaningfully in this asset class. As the United States Federal Reserve unleashed trillions of dollars of liquidity into the market during the COVID-19 pandemic, retail and institutional investors jumped onto the cryptocurrency bandwagon.

26.09 / 15:33

business Binance Altcoin Terra Binance to burn all LUNC trading fees following community feedback

To support the Terra community’s efforts to revive the Terra LUNA Classic (LUNC) token, crypto exchange Binance announced an off-chain burning mechanism last week. However, after receiving mixed reactions from community members, the exchange revised its burning approach.

26.09 / 13:26

business Dollar Time Low GBP follows euro: The pound-dollar rate hits all-time low

The Great British pound sterling has fallen to the lowest level ever against the United States dollar. In a flurry of overnight trading activity, the pound reached lows of 1 pound = $1.04. It lost 5% of its value in a spiral.

26.09 / 09:41

business regulation Kraken Kraken's incoming CEO: No plans to register with SEC

The newly appointed CEO of crypto exchange Kraken has stated that he has no plans to register the company with the Securities and Exchange Commission (SEC) or delist any tokens that have been labeled by the SEC as securities.

26.09 / 09:39

business Technology World Bitcoin NOT Tips to find the next big crypto initiative and not get conned

The acceptance rate for cryptocurrencies is at an all-time high and the markets are expanding globally. This brings both opportunity and vulnerability. El Salvador and other nations have begun to accept Bitcoin as legal tender and other nations are seeking to regulate virtual currencies. There is a lot of speculation over regulation of cryptocurrency because its future vis-a-vis governments is uncertain.

26.09 / 07:05

business Apple fees Marketplace 'Grotesquely overpriced' — Apple's App Store wants 30% cut on NFT sales

Non-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purchases in the same boat as regular in-app purchases.

26.09 / 06:09

business Blockchain defi Disney Lawyer Disney seeks corporate lawyer for 'emerging technologies' and NFTs

The Walt Disney Company could be on the verge of expanding into the crypto space after posting a new job for an “experienced corporate attorney” to work on “emerging technologies” such as nonfungible tokens (NFTs) and the Metaverse.

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