Business Financial News
06.09 / 23:37
business
Blockchain
Technology
PraSaga awarded U.S. patent for placing computer operating system onto the blockchain
According to a new United States Patent and Trademark Office publication on Tuesday, Swiss-based blockchain startup PraSaga has been awarded a patent placing its operating system, dubbed "SagaOS," on the blockchain. Titled "Systemic Extensible Blockchain Object Model Comprising A First-class Object Model And A Distributed Ledger Technology," the methods described U.S. patent no. 11436039B2 relates to processing multiple message passing transactions via blockchain.
06.09 / 20:27
business
Ethereum
proof-of-work
Bitcoin
Hive Blockchain explores new mineable coins ahead of Ethereum merge
Cryptocurrency miner Hive Blockchain has been working to replace the mining of Ether (ETH) with other coins in the event of Ethereum’s upcoming transition to proof-of-stake, or PoS.
06.09 / 12:57
06.09 / 08:33
business
Ethereum
proof-of-work
Ethereum Merge to 'swamp' other coins with miners — Mining CEO
The Ethereum network’s transition from a proof-of-work (PoW) consensus is likely to flood the crypto industry with out-of-work ETH miners, causing severe disruption to all PoW tokens.
06.09 / 05:45
business
Twitter
Scams
Bitcoin
‘Far too easy’ — Crypto researcher’s fake Ponzi raises $100K in hours
Crypto influencer FatManTerra claims to have gathered over $100,000 worth of Bitcoin (BTC) from crypto investors in an investment scheme that was later revealed as fake.
06.09 / 00:11
business
Liquidity
Mining Pools
Withdrawals
Crypto miner Poolin pauses BTC and ETH withdrawals, citing 'liquidity problems'
Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.”
05.09 / 23:17
business
Netflix
Streaming
advertisement
ad
Netflix bans crypto commercials on ad-based streaming service: Report
Streaming giant Netflix has reportedly banned cryptocurrency-related commercials on its ad-supported subscription tier, which is scheduled to launch in November months ahead of schedule.
05.09 / 21:47
business
Funding
Venture Capital
Blockchain incubator valued at $100M following NGC Ventures-led Series A
Blockchain-focused incubator and adviser PANONY has closed a Series A funding round backed by NGC Ventures, one of Asia’s largest crypto investment firms, putting the company on track to expand its portfolio and geographic presence.
05.09 / 09:35
business
Blockchain
Cybersecurity
security
Crypto app targeting SharkBot malware resurfaces on Google app store
A newly upgraded version of a banking and crypto app targeting malware has recently resurfaced on the Google Play store, now with the capability to steal cookies from account logins and bypass fingerprint or authentication requirements.
05.09 / 09:35
business
Blockchain
Binance
Africa
Nigeria, Binance in early-stage talks for crypto-friendly economic zone
The Nigerian government has held a preliminary meeting with crypto exchange Binance to potentially establish a special economic zone aimed at supporting crypto and blockchain-related businesses.
05.09 / 06:23
business
Art
Sport
Nifty News: Bill Murray’s wallet hacked, FIFA’s tokenized highlights, Muse tops charts, and more…
Popular comedic writer and actor Bill Murray had his Ethereum wallet hacked for around 110 Wrapped ETH (wETH) worth $172,000 late last week.
05.09 / 06:23
business
Blockchain
Adoption
Ripple
NFT NYC 2022: A look inside a massive NFT conference
Cointelegraph senior reporter Rachel Wolfson spent a day exploring NFT NYC 2022 to learn about emerging nonfungible token projects,or NFTs, and how the sector may advance. A recent market report published by Verified Market Research (VMR) predicts that the NFT market could reach a value of $230 billion by 2030. NFT NYC 2022 certainly demonstrated the potential of the NFT sector, highlighting some of the most promising use cases and industry experts.
05.09 / 06:23
business
Hackers
Social Media
Trading
Rug Pull
NFT watchdog Rug Pull Finder gets its own NFT giveaway exploited
In an ironic twist, Rug Pull Finder (RPF), a nonfungible token (NFT) watchdog focused on identifying Web3-based fraud has fallen victim to a smart contract exploit of its own.
04.09 / 09:25
business
Adoption
Bitcoin
Repurposing Bitcoin mining heat can solve global energy crisis: Arcane
The flexibility behind running Bitcoin (BTC) mining operations can be vital to solving the real-world problems that stand in the way of the energy industry, suggests Arcane research.
03.09 / 09:21
business
Blockchain
Adoption
retail
Crypto's adaptability, openness key to ideal monetary system, say BIS execs
Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund (IMF) publication.
03.09 / 00:01
business
Trading
Bitcoin Trading Volume
More than 50% of reported Bitcoin trading volume is 'likely to be fake or non-economic' — Report
Bitcoin trading data from 157 exchanges reportedly did not match up to what companies claimed.
02.09 / 23:07
business
Blockchain
Adoption
Snapchat
Snapchat’s parent company shutters Web3 division amid layoffs
Snap Inc's CEO Evan Speigel announced in a note on Friday that the company had made the difficult decision to reduce the size of its workforce by approximately 20%.
02.09 / 21:43
02.09 / 21:43
business
Stablecoin
Tether
Venture Capital
Crypto Biz: You can’t stop the Tether FUD
In the world of crypto, FUD stands for fear, uncertainty and doubt. It’s often evoked intentionally to draw negative attention to a particular project or business. One of crypto’s most enduring legacies has been the constant FUD surrounding Tether, whose USDT stablecoin commands a market capitalization of nearly $68 billion. Whether intentional or not, The Wall Street Journal ran a story this week claiming that Tether was on the edge of technical insolvency and that it wouldn’t take much to push the stablecoin issuer into financial peril. Of course, Tether didn’t take it lying down and immediately issued a response to what it considered to be a “disinformation” campaign by the Journal.
02.09 / 20:17
business
Funding
lending
Venture Capital
Future
Bnk To The Future eyes acquisition of crypto lender SALT
Crypto lending platform SALT has received a buyout offer from a prominent online investment platform — a move the company said could potentially enhance its product offerings and advance its mission of making digital assets more accessible to mainstream audiences.
02.09 / 15:09
business
Survey
Bitcoin
Trust in crypto remains strong despite bear market: Bitstamp survey
The ongoing cryptocurrency winter has had little to no impact on global trust in crypto, this was the conclusion reached new study commissioned by Bitstamp exchange.
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