Business Financial News

20.09 / 20:25

business CBDC Yuan Winter Olympics China will expand CBDC trials to most populous province: Report

The People’s Bank of China, or PBoC, will reportedly expand deployment of its central bank digital currency, the e-CNY, to four of the country’s provinces, including Guangdong.

20.09 / 17:23

business Technology Adoption education Crypto insurance market expands with decentralized and centralized options

Insurance is key for financially securing important assets. Yet, the cryptocurrency sector — which is predicted to reach a global market size of $4.94 billion by 2030 — may be lagging behind when it comes to insuring digital assets.

20.09 / 16:17

business MicroStrategy Bitcoin Wallet Bitcoin Michael Saylor can’t stop: MicroStrategy now holds 130,000 Bitcoin

MicroStrategy owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company had bought another 301 Bitcoin for roughly $6 million, at an average price of ~$19,851 per BTC.

20.09 / 16:17

business Adoption NASDAQ services Nasdaq reportedly prepares for crypto custody services for institutions

As more institutions become interested in dabbling in cryptocurrencies, multinational financial services firm Nasdaq has reportedly started its preparations to offer digital asset custody services to institutional clients.

20.09 / 15:39

business Web3 identity services Payments platform Fuse integrates ChromePay to bring DID services to Africa

Web3 payments platform Fuse has partnered with ChromePay, an identity-based payment solution, to launch a new suite of payment products in Africa — a move designed to boost financial inclusion on the continent.

20.09 / 14:05

business Ethereum Court Bitcoin Alameda Research ‘happy to return’ $200M loan to Voyager Digital

Quantitative trading company Alameda Research will return an estimate of $200 million to Voyager Digital, which is proceeding through bankruptcy. Alameda borrowed the funds in cryptocurrencies in September 2021. At that time, the sum was close to $380 million.

20.09 / 09:27

business wallet Religion Crypto products approved DeFi platform sees strong interest in halal-approved crypto products

Australian-based crypto platform Marhaba DeFi says there has been a strong take-up of Halal-approved cryptocurrency products on its platform, with aims to release a suite of new products which align with Islamic law by the end of 2022.

20.09 / 09:01

business Technology Art Sport Nifty News: The Sandbox hosts its first wedding, Hollywood actor auctions photo of eye as NFT and more

Decentralized blockchain-based metaverse The Sandbox has held its first hybrid digital and real-life wedding on its Metaverse.

20.09 / 06:41

business Blockchain Ethereum SEC sec lawsuit SEC lawsuit claims jurisdiction as ETH nodes are 'clustered' in the US

The Securities Exchange Commission (SEC) has made an unprecedented claim that Ethereum transactions take place in the United States as ETH nodes are “clustered more densely” in the United States than any other country.

19.09 / 17:55

business Adoption Fashion Women The Metaverse is becoming a platform to unite fashion communities

A recent report from technology research and advisory firm Technavio predicts that the Metaverse will hit a market share value of $50.37 billion by the year 2026. Therefore, it shouldn’t come as a surprise that the trillion-dollar fashion industry has started taking a major interest in the Metaverse.

19.09 / 11:03

business cryptocurrency Art Fine NFT 'fractionalism' will make fine art popular among millennials, say experts

Fractional non-fungible tokens (NFTs), which have the crypto community all agog, have the potential to make fine art popular among youngsters.

19.09 / 10:37

business Technology Ethereum cryptocurrency NOT Ethereum Merge hits graphic cards, but GPU-based mining is not dead

Ethereum’s shift of its consensus algorithm from proof-of-work (PoW) to environment-friendly proof-of-stake (PoS) in an event called ‘The Merge’ earlier this week will result in sizeable graphic card (GPUs) dump and hit manufacturers such as Nvidia and AMD.

19.09 / 09:13

business Sport exchanges Sports sponsorship is helping legitimize crypto in Australia — Coinjar exec

The sponsorship of high-profile sports and teams may be key to legitimizing the crypto industry to the general masses, according to Luke Ryan, Head of Content at Australian crypto exchange CoinJar.

19.09 / 06:23

business Blockchain Ripple XRP Ripple, SEC case heads for conclusion after 'summary judgment' filed

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have both called for a federal judge to make an immediate ruling on whether Ripple’s XRP sales violated U.S. securities laws.

19.09 / 05:55

business Blockchain Gaming Bandai Namco, SEGA among gaming giants eyeing blockchain gaming

Japanese gaming giants are positioning for mainstream blockchain game adoption, and will not be swayed by the section of gamers that are against crypto and nonfungible tokens (NFTs), an exec from the Oasys blockchain project told Cointelegraph.

19.09 / 05:27

business Law Terra Luna NOT Terra co-founder Do Kwon says he’s not ‘on the run’

Do Kwon, the co-founder of the Terra ecosystem, took to Twitter on Saturday asserting he’s “not ‘on the run’ or anything similar” after the Singapore Police Force (SPF) said Kwon wasn’t in the city-state.

18.09 / 19:27

business Technology Adoption Gaming NFTs will bring crypto to billions of users, explains VC investor

Avichal Garg, the CEO and co-founder of Electric Capital, defines himself as “an NFT maximalist” – who believes that nonfungible tokens (NFTs) will play an essential role in bringing crypto to the masses. Unlike other crypto niches, NFTs are relatable to aspects of everyday life such as art, music and games.

18.09 / 06:15

business cryptocurrency Bitcoin Cryptocurrency Prices Today September 18: Major cryptos flatline as volumes decline

Major cryptocurrencies flatlined early today on September 18 as the global crypto market cap increased 0.88 percent to $972.74 billion over the last day. The total crypto market volume declined 26.47 percent to $48.18 billion during the last 24 hours.

17.09 / 16:59

business NFT Investments Trading Beyond the NFT hype: The need for reimagining digital art’s value proposition

With cryptocurrency prices wavering this year, nonfungible tokens (NFTs) and other sub-ecosystem investors have also found themselves in the grips of a bear market.

17.09 / 01:05

business Blockchain Adoption Binance Binance partners with Ukrainian supermarket chain to accept crypto through Pay Wallet.

Binance announced Friday that it has partnered with the Ukrainian supermarket chain VARUS, saying it will enable cryptocurrency payments for grocery purchases through its Binance Pay Wallet.

16.09 / 22:17

business Amazon applications Euro digital euro European Central Bank chooses Amazon and 4 other firms to prototype digital euro app

The European Central Bank, or ECB, has announced it will be collaborating with five companies for the development of potential digital euro user interfaces.

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