Business Financial News
11.10 / 17:53
business
Blockchain
Less than 50% of Hong Kong retail crypto investors aware of relevant regulations: Survey
Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a piece of legislation that went into effect this June to protect the interests of retail investors in digital assets in the region.
11.10 / 14:45
business
Europe
stocks
Stock Market Indexes
Asian markets surge as European stocks show mixed performance
The stock market in Asia and Europe had a contrasting day where a majority of the stock markets across the Asia-Pacific region climbed across the board while European markets had a mixed day. While South Korea's bullish rally drove Asian markets, European shares faced downward pressure from underperforming luxury stocks.
11.10 / 13:11
business
Adoption
Circle
Usd Coin
USDC issuer partners with Philippines exchange to promote stablecoin
Circle, the issuer of the U.S. dollar-pegged stablecoin, USDC (USDC), is increasing its presence in the Philippines with a new local partnership.
11.10 / 12:39
business
Blockchain
hacks
regulation
Bitfinex
Bitcoin Price
Buyback
iFinex proposes $150M share buyback from Bitfinex hack affected users: Report
Bitfinex's parent company iFinex has proposed to buy back $150 million worth of the company’s shares from users who were offered these shares as part of compensation for the $71 million hack on the Bitfinex crypto exchange in 2016, reported Bloomberg.
11.10 / 12:39
business
Blockchain
Assets
Barclays
JPMorgan debuts tokenization platform, BlackRock among key clients: Report
United States banking giant JPMorgan debuted its in-house blockchain-based tokenization application, the Tokenized Collateral Network (TCN), on Oct. 11, according to Bloomberg. TCN settled its first trade for asset management giant BlackRock.
11.10 / 10:35
business
Department Of Justice
FTX
Court
Trial
SBF’s lawyers ask court to allow introduction of Anthropic evidence
In a motion filed on Oct. 10, Sam “SBF” Bankman-Fried’s lawyers requested that the court allow for the introduction of evidence supporting positive investment outcomes, such as an investment in the artificial intelligence (AI) startup Anthropic.
11.10 / 10:35
11.10 / 07:09
business
Blockchain
Law
regulation
Football
UK government
Copyright
MPs
British MPs urge action on NFT copyright infringement, crypto fan tokens
A bipartisan parliamentary committee has urged the government of the United Kingdom to protect creators from copyright infringement associated with nonfungible tokens (NFTs) and address potential harms from sporting groups issuing digital assets.
11.10 / 07:09
business
regulation
SEC
coinbase
Securities regulators oppose special treatment of crypto in Coinbase case
Digital assets should not be seen as “somehow special,” nor should action against Coinbase be seen as “novel or extraordinary,” argues an association of North American securities regulators.
11.10 / 07:09
business
Adoption
Amazon
Web3
Gaming
Cloud Services
Immutable links with AWS in latest Web3 gaming push
Web3 gaming platform Immutable has partnered with Amazon Web Services (AWS) to extend options for game developers as the cloud service provider expands its startup accelerator programs.
11.10 / 02:55
business
Law
Binance
regulation
Brazil’s Congress puts Binance CEO CZ in crosshairs for indictment
A Brazilian congressional committee has recommended local law enforcement move to indict Binance CEO Changpeng “CZ” and three other Binance executives following a probe into financial pyramid schemes in Brazil.
11.10 / 01:23
business
Adoption
transactions
Lightning Network
lightning
Bitcoin
network
bitcoin lightning
Bitcoin Lightning Network growth jumps 1,200% in 2 years
Bitcoin’s layer 2 Lightning Network has seen an estimated 1,212% growth in two years, with around 6.6 million routed transactions in August, a significant jump compared to August 2021’s 503,000 transitions, according to data from the Bitcoin (BTC)-only exchange River.
11.10 / 00:11
business
Blockchain
Ethereum
defi
security
Bitcoin
BRC
Bitcoin needs Ethereum VM to reach its full potential — Web3 exec
Mainstream Bitcoin (BTC) adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.
11.10 / 00:11
business
Analysis
economy
economics
Opinion
Federal Reserve
Interest rates
Time
The economy is surging — which means it might be time to start buying Bitcoin
The United States economy seems like it is refusing to be derailed. It added a staggering 336,000 jobs in September, defying most expectations. This achievement becomes all the more remarkable against the backdrop of soaring yields on longer-term Treasury bonds and surging mortgage rates.
10.10 / 22:11
10.10 / 16:05
business
Europe
stocks
Asia
Stock Market Indexes
Asian and European stocks rally amid a wave of risk appetite
Oct. 10 saw major Asian and European stocks surge higher owing to a wave of risk appetite.
10.10 / 16:05
business
Department Of Justice
Fraud
FTX
Trial
Sam
Sam Bankman-Fried trial: former Alameda CEO Caroline Ellison to testify
The second week of the criminal trial for former FTX exchange CEO Sam “SBF” Bankman-Fried continues on Oct. 10, with all eyes on the testimony from key witness Caroline Ellison.
10.10 / 16:05
business
OkCoin
OKX
Bitcoin
OK Group sunsets ‘Okcoin’ for a global transition to ‘OKX’
Major cryptocurrency exchange operator OK Group continues transforming its business, rebranding its crypto ventures under the single name “OKX.”
10.10 / 16:05
10.10 / 10:29
business
Blockchain
regulation
Cardano
FTX
Sam
Sam Bankman-Fried just like Bernie Madoff, Cardano founder says
Cardano founder Charles Hoskinson has likened former FTX CEO Sam “SBF” Bankman-Fried to infamous American fraudster Bernie Madoff and accused the media of giving the former FTX CEO a “free pass.”
10.10 / 10:29
business
Blockchain
NFT
Cointelegraph NFT
Opensea
Tornado Cash
Mistake or money laundering? User pays $1.6 million for CrypToadz NFT
One of the CrypToadz nonfungible tokens (NFTs), whose average price doesn’t exceed $1,000, was bought for an astonishing 1,055 Wrapped Ethereum (wETH), an equivalent of $1.6 million.
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