Business Financial News

13.09 / 21:27

business Government Blockchain hyperledger Hyperledger announced new members at commencement of global forum

Hyperledger Foundation, a global open source collaboration of enterprise blockchain technologies, has commenced its largest annual event, the Hyperledger Global Forum 2022.

13.09 / 21:27

business Mining Tokens Withdrawals Crypto miner Poolin offers IOU tokens after suspending withdrawals

Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it will be issuing IOU tokens in an effort to “minimize the impact of withdrawal suspension” for users.

13.09 / 19:01

business Blockchain trudeau NOT Canadian PM Justin Trudeau says investing in crypto is not an escape from inflation

According to a new Twitter post on Tuesday, Canadian Prime Minister Justin Trudeau made critical remarks regarding newly elected opposition leader Pierre Pollievere's pro-crypto platform, writing:

13.09 / 17:35

business Law regulation Court BitGo sues Galaxy Digital for acquisition breach, seeks $100M in damages

Digital asset custodian BitGo has filed a lawsuit against Mike Novogratz’s cryptocurrency investment firm Galaxy Digital for terminating the former's acquisition.

13.09 / 14:03

business Booking capital rules end Robust Bank Capital Rules For Crypto Assets Due By Year End

Bank capital rules for crypto assets due by year end

13.09 / 00:58

business Banks ABRA Abra announces plans for US bank supporting digital assets

Cryptocurrency trading platform Abra said it was “in the process of” establishing a United States-based state-chartered bank allowing clients to deposit digital assets.

09.09 / 02:15

business Blockchain Adoption Cybersecurity Polygon CSO blames Web2 security gaps for recent spate of hacks

Polygon Chief Security Officer Mudit Gupta has urged Web3 companies to hire traditional security experts to put an end to easily preventable hacks, arguing that perfect code and cryptography are not enough.

08.09 / 16:41

business Blockchain Investments Gaming Animoca confirms $110M round led by Temasek, plans new acquisitions

Animoca Brands, a major player in the metaverse and blockchain gaming, has officially disclosed details of a funding round led by Singapore's state-owned investor Temasek.

08.09 / 09:23

business Adoption Digital NFT Sony Music files trademark application for NFT-authenticated music

American music giant Sony Music Entertainment has signaled intentions to utilize non-fungible tokens (NFTs) after filing a trademark application covering music and artists under the Columbia Records logo.

08.09 / 07:27

business Blockchain Technology Social Media Exploit Flash Loan Exploit Avalanche flash loan exploit sees $371K in USDC stolen

Avalanche-based lending protocol Nereus Finance has been the victim of a crafty hack that saw a user net $371,000 worth of USD Coin (USDC) using a smart contract exploit.

08.09 / 05:31

business NFT partnership GameStop doubles down on crypto amid a new partnership with FTX US

Gaming retailer GameStop is partnering with United States crypto exchange FTX US to bring more customers to crypto and work together on online marketing initiatives.

07.09 / 22:13

business lending CeFi Voyager Digital assets auction set for Sept. 13 after being rescheduled from August

Bankrupt centralized crypto lender Voyager Digital filed a notice Tuesday with United States Bankruptcy Court for the Southern District of New York informing the court of its intention to hold an auction of its remaining assets. The auction is proposed to take place on Sept. 13 at the Manhattan office of Digital Voyager’s investment banker Moelis & Company, with a hearing to approve the results on Sept. 29. Offers for the lender’s assets have already been submitted.

07.09 / 22:13

business Blockchain NFT Marketplace ENS domains surpass BAYC’s trading volume: Nifty Newsletter, Aug 31–Sept 6

In this week’s nonfungible token (NFT) newsletter, read about OpenSea and its commitment to the Ethereum Merge. Check out a project that aims to introduce Web3 to the opera scene and how ENS domains surpassed Bored Apes in terms of trading volume. In other news, learn about how the NFT giveaway of Rug Pull Finder was exploited. And, don’t forget about this week’s Nifty News roundup featuring how American actor Bill Murray’s wallet was attacked after his NFT drop.

07.09 / 17:35

business Blockchain Ethereum proof-of-work ETC Group launches crypto ETP based on PoW Ethereum hard fork

Digital asset-backed securities provider ETC Group will continue to rely on Ethereum’s original proof-of-work (PoW) consensus for its current Ethereum exchange-traded product (ETP).

07.09 / 17:35

business Court Mt. Gox Bitcoin creditors Mt. Gox creditors fail to set repayment date, but markets to remain unaffected

Eight years ago, in 2014, the crypto world was rocked by the crippling hack of Mt. Gox, a popular Bitcoin (BTC) exchange, which was forced to shut down after miscreants were able to make away with approximately 850,000 BTC, worth more than $16 billion at today’s exchange rates.

07.09 / 11:27

business NFT defi What is veTokenomics and how does it work?

All facets of a token's production and management, including its allocation to various stakeholders, supply, token burn schedules and distribution, are managed through tokenomics analysis. Tokenomics help to determine the potential value of decentralized finance (DeFi) projects. Since the law of supply and demand cannot be changed, tokenomics dramatically impacts the worth of each nonfungible token (NFT) or cryptocurrency.

07.09 / 11:15

business Blockchain Technology World How cryptocurrency & the metaverse are joined at the hip

Bitcoin, Web3, and the metaverse: other than the fact that they are all contemporary technology buzzwords, what do these three have in common?

07.09 / 10:05

business Law Celsius co-founder declares his equity is ‘worthless’ in court

A Celsius Network co-founder has moved in court to declare the entirety of his equity stake in the embattled crypto company as “worthless."

07.09 / 09:45

business Blockchain Ripple XRP Ripple advisor teases 'more CBDC announcements in the next few weeks'

Ripple may soon unveil positive developments in its central bank digital currency (CBDC) projects, following hints from Ripple CBDC advisor Antony Welfare of more announcements to come.

07.09 / 04:51

business Blockchain Adoption kpmg VCs pour $14.2B into crypto in H1 2022, but investments now slowing

Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022, but big four accounting firm KPMG predicts investments will likely slow for the remainder of the year.

07.09 / 01:01

business patents Meta Ceo Trademark applications for crypto, NFTs, and metaverse surge in 2022: Report

The number of U.S. trademarks filed related to cryptocurrencies, nonfungible tokens, Web3, and the metaverse since January have reportedly passed those in 2021.

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