Business Financial News
16.09 / 19:49
business
Liquidity
MicroStrategy
Banks
Crypto Biz: The biggest problem with DeFi isn’t what you think
Cryptocurrency has converted another veteran of Wall Street after ex-Morgan Stanley executive Kevin Lepsoe launched a new platform for decentralized finance (DeFi). His new firm, Infinity Exchange, received a nice injection of seed funding in a bid to boost DeFi adoption among institutions. In his pledge to help build “DeFi 2.0,” Lepsoe described one of the biggest pain points of DeFi 1.0 — and it’s one you probably haven’t heard of. As it turns out, if you want institutions to adopt your products and services, you need to give them a product suite they’re familiar with. Until then, DeFi offers a value proposition that’s obscured by risk and inefficiency.
16.09 / 16:01
business
Adoption
Gaming
Animoca Brands continues shopping spree with MotoGP mobile dev acquisition
One of Web3’s leading digital property rights developers, Animoca Brands, announced yet another major acquisition to its increasing portfolio of gaming subsidiaries.
16.09 / 14:15
business
lending
Court
Bitcoin
Celsius requests permission to sell off its stablecoins
Celsius Networks, a crypto lending company that had frozen the withdrawals in June and has been proceeding through Chapter 11 bankruptcy since July, asked the United States Bankruptcy Court for the Southern District of New York for permission to sell its stablecoin holdings. This should let the company generate liquidity to help “fund the Debtors’ operations.”
16.09 / 11:13
16.09 / 09:19
business
Ethereum
censorship
FBI
analyst
Ethereum may now be more vulnerable to censorship — Blockchain analyst
Ethereum’s upgrade to proof-of-stake (PoS) may make it more vulnerable to government intervention and censorship, according to the lead investigator of Merkle Science.
16.09 / 06:21
business
cryptocurrency
crypto news
Bitcoin
Bitcoin Down
Cryptocurrency Prices Today September 16: Bitcoin down 3.29%, biggest laggard
Major cryptocurrencies traded in the red early today on September 16 as the global crypto market cap declined 2.71 percent to $960.06 billion over the last day. On the other hand, the total crypto market volume jumped 9.49 percent to $84.26 billion during the last 24 hours.
16.09 / 04:49
business
Blockchain
Ethereum
proof-of-work
'Green ETH' narrative to drive investment and adoption, says pundits
The shedding of Ethereum’s energy-intensive proof-of-work (PoW) system is expected to see Ether (ETH) “flow into the institutional world,” according to a number of fund managers and co-founders.
15.09 / 23:51
business
Environment
proof-of-work
Energy Consumption
stake
Environmental groups want Bitcoin to follow Ethereum’s example in moving to proof-of-stake
Transitioning the Ethereum blockchain from proof-of-work to proof-of-stake has reduced its energy usage by more than 99% — and many climate activists have called for Bitcoin to follow suit.
15.09 / 23:23
business
Trading
Funding
Venture Capital
Ex-Citadel execs raise $50M for high-frequency crypto trading platform
Cryptocurrency startup Portofino Technologies has officially launched its high-frequency trading platform for digital assets, securing major funding from venture capital firms in the process.
15.09 / 22:45
business
Trading
Altcoin
Liquidity
Zircon Finance launches mainnet to mitigate impermanent loss on Moonriver
Zircon Finance, an automated market maker (AMM) and a decentralized exchange on Moonbeam, announced the launch of a mainnet network to address investors’ challenges related to impermanent loss in decentralized finance (DeFi).
15.09 / 12:32
business
Blockchain
Investments
Real Estate
How does tokenization help transform illiquid real estate ownership into a liquid one?
A few years back, the concept of owning and trading fragments of physical real estate might have seemed too far-fetched for many. But with the advent of blockchain technology, real estate tokenization is providing new opportunities for fractional ownership and investment.
15.09 / 09:29
business
regulation
Bankruptcy
Celsius bankruptcy
Celsius bankruptcy judge gives the nod for independent examiner probe
A federal judge overseeing crypto lender Celsius’ bankruptcy case has given the green light for the motion to appoint an independent examiner to investigate aspects of Celsius’ business.
15.09 / 06:45
business
Blockchain
Technology
Ethereum
It's on! Where to catch the Ethereum Merge live
Ethereum (ETH) is heading for the most significant upgrade in its history, which is scheduled to happen at around 5:27am UTC on Sept. 15.
15.09 / 00:51
business
Blockchain
Stablecoin
Liquidity
Borrowing
Compound Treasury to let institutions use digital assets as collateral when borrowing USD or USDC
Compound Treasury, a cash management solution for institutions powered by the Compound Protocol, announced on Sept.14 that accredited institutions can now borrow USD or USDC with fixed rates starting from 6% APR, using Bitcoin, Ethereum, and supported ERC-20 assets as collateral.
14.09 / 21:11
Dogecoin
business
Blockchain
Tesla launches new Cyberwhistle that can only be bought using Dogecoin
According to a new product catalog posted on Wednesday, electronic vehicle manufacturer Tesla is rolling out a new Cyberwhistle inspired by its futuristic Cybertruck series. The firm wrote:
14.09 / 18:19
business
Law
Digital Currency
Scams
Want to keep exchanges like Celsius from seizing your money? Be a 'custody client'
Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody clients,” but not to its “earn-and-borrow” customers. Wondering how to keep yourself in the former group when the crypto exchange you’re using goes under? Here’s a summary.
14.09 / 16:05
business
Blockchain
stocks
network
Blockchain oracle network XY Labs' shares start trading at SEC-registered platform
A blockchain firm founded in 2012 is making its shares available for trading on a blockchain-based alternative trading platform for capital markets.
14.09 / 01:30
business
Blockchain
restrictions
Filecoin service provider announces move to Singapore in light of tightening restrictions in China
RRMine Global, a Filecoin service provider offering global cloud-computing asset management, announced Wednesday that it has shut down business operations in mainland China and is relocating its headquarters to Singapore.
14.09 / 01:30
business
lending
Celsius CEO plans to restructure firm to focus on crypto custody: Report
Crypto lending platform Celsius, currently in the middle of bankruptcy proceedings, reportedly plans to rebuild around crypto custody services.
14.09 / 01:30
business
Blockchain
Adoption
SWIFT and Symbiont announce corporate data blockchain pilot
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) disclosed on Tuesday a partnership with fintech company Symbiont to provide more accurate data for financial firms through blockchain technology.
13.09 / 21:27
business
Trading
exchanges
Digital Asset
settlement
Wall Street mainstays setting up digital assets exchange with on-chain settlement
Major financial firms have teamed up to create EDX Markets (EDXM), a new exchange that will trade digital assets through trusted intermediaries. The exchange will provide services to institutional and retail investors.
what you should know about business
What is business and why is it important?
Business is a significant category that interests a wide audience. On our site, we regularly publish articles related to this subject.
Where can I find the latest updates on business?
All new posts about business can be found in the highlighted block. We publish information as it becomes available.
How can I verify the accuracy of information on business?
We consult with professionals to ensure that the information about business is reliable and helpful for our readers.
