Business Financial News

26.08 / 00:53

business education Bitcoin Prince Philip of Serbia suggests bringing Bitcoin into the classroom

Speaking to Cointelegraph over sandcastles at the Surfin’ Bitcoin 2022 event at Casino de Biarritz in France on Thursday, Prince Philip said he was “bullish on Bitcoin” in part because of the impact it could have on children’s education around the world. The prince, a self-described Bitcoin (BTC) maximalist, hinted that part of his keynote address at the crypto conference — only the second one for which he was a speaker — will focus on informing those in and out of the space of the potential benefits of Bitcoin.

25.08 / 23:09

business coinbase Voting Coinbase, whose CEO called most politics a 'distraction', launches voter registration tool

Coinbase, a crypto exchange whose chief executive officer previously said doesn’t “advocate for any particular causes or candidates internally that are unrelated to our mission,” has launched a voter registration portal as part of a crypto policy education initiative.

25.08 / 22:05

business Blockchain Taxes crypto startups Japan considers implementing tax reforms to prevent capital flight of crypto startups

According to local news outlet Yomiuri, Japan's Financial Services Agency is considering amending the virtual currency taxation system for corporate entities ahead of the country's 2023 tax reform. Proposed change includes removing capital gain liabilities for undisposed corporate crypto assets at the end of each taxation year, as well as changing the classification of virtual assets, so the maximum capital gains tax applicable is reduced to 20% from 55%.

25.08 / 18:47

business Banks stake Siam Commercial Bank abandons plans to purchase $500M stake in crypto exchange Bitkub

Thailand’s oldest bank has scrapped plans it first announced in November 2021 to become the majority shareholder of crypto exchange Bitkub.

25.08 / 17:15

business Web3 Funding Venture Capital Polygon founder Sandeep Nailwal launches $50M Web3 fund

Cryptocurrency entrepreneur and Polygon founder Sandeep Nailwal has raised $50 million for a new startup fund dedicated to Web3 companies, underscoring venture capital’s growing interest in the blockchain-powered internet.

25.08 / 14:31

business Ethereum Ethereum 2.0 proof-of-work Holdings ETH whales move holdings onto exchanges before Merge

Ethereum blockchain is slated for one of the biggest updates since its inception, as it will transition to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one.

25.08 / 12:53

business regulation Court Bankruptcy US court US court gives Voyager green light to pay bonuses to key employees

A New York bankruptcy court has given embattled cryptocurrency brokerage Voyager Digital the green light to pay retention bonuses to key staff members.

25.08 / 09:27

business Ethereum Mining Bitcoin Nvidia cites limited visibility into crypto mining's impact on Q2 results

Graphics card giant Nvidia CFO Colette Kress says the company has been unable to estimate reduced crypto mining demand impacted its Q2 results, which fell short of analyst expectations on Wednesday.

25.08 / 07:57

business Law YouTube 'Atozy you've won' — Bitboy drops lawsuit after $200K defense raised

Ben Armstrong, the man behind Bitboy Crypto said that he is dropping the defamation suit against fellow Youtube content creator Erling Mengshoel Jr., who goes by the name Atozy.

25.08 / 05:15

business Ethereum defi foundation It's a go! Uniswap Foundation becomes reality after 86M votes in favor

The $74 million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become reality after their proposal received over 99% of the votes from UNI token holders.

25.08 / 00:57

business Ethereum coinbase Coinbase introduces wrapped staked ETH asset ahead of the Merge

Coinbase has launched a new asset in which Ether tokens are staked and wrapped through the crypto exchange.

25.08 / 00:57

business Twitter Digital Sam co-CEO Alameda Research co-CEO Sam Trabucco resigns, Caroline Ellison will become sole head

Alameda Research co-CEO Sam Trabucco announced his resignation Wednesday on Twitter. Trabucco said co-CEO Caroline Ellison will become CEO, and he will remain in the capacity of adviser. Alameda Research is the quantitative trading company set up by FTX crypto exchange founder Sam Bankman-Fried in 2017.

24.08 / 23:41

business Scams crimes Elliptic More than $100M worth of NFTs stolen since 2021 — Elliptic

Cryptocurrency risk management firm Elliptic has released a report suggesting that scammers stole more than $100 million worth of nonfungible tokens, or NFTs, starting in 2021.

24.08 / 23:41

business Loans Bankruptcy Singapore authorities approve probe of 3AC on behalf of liquidators: Report

The Singapore High Court on Monday approved a petition to recognize the liquidation order against Three Arrows Capital (3AC) issued by a court in the British Virgin Islands, Bloomberg reported Wednesday, citing unnamed sources. The Singapore court’s decision, handed down in private, gives the petitioner the legal ability to request access to 3AC financial records kept in Singapore, where 3AC is based.

24.08 / 20:27

business Ethereum Developers proof-of-work BUG network Bug Bounty ethereum network Bug bounty quadruples for Ethereum network — Up to $1M payouts ahead of Merge

The Ethereum Foundation has announced it will be increasing the network’s bug bounty payouts fourfold ahead of the blockchain’s transition to proof-of-stake.

24.08 / 12:35

business Bitcoin Crypto mining can benefit Texas energy industry: Comptroller's office

The United States filled in the wide gap in Bitcoin (BTC) mining that was left open by China by the end of June 2021. Despite looming rumors of high power consumption, officials in Texas, one of the fastest growing crypto mining hubs in the US, now believe that mining operations can, in fact, garner a symbiotic relationship with the energy industry.

24.08 / 12:15

business Bitcoin Ant China’s Ant Group to help Malaysia launch crypto-friendly 'super app'

Malaysia continues accelerating its pace of cryptocurrency adoption as one of the major local banks is moving into cryptocurrency trading as part of its default banking offerings.

24.08 / 12:15

business Mining Bitcoin Power Still growing — Armenian mining operator increases power plant capacity

The establishment of free economic zones that foster blockchain and cryptocurrency adoption in Armenia is bearing fruit as a local mining operator adds 60MW of capacity to its power plant-based facility.

24.08 / 10:03

business Government regulation Australia's markets regulator to prioritize shielding citizens from crypto harm

Australia’s financial regulator, Australia's Securities and Investments Commission (ASIC) has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four years.

24.08 / 08:57

business Adoption Gambling Australia’s Northern Territory mulls landmark crypto gambling regulation

Australia’s Northern Territory Racing Commission (NTRC) is consulting with its gambling licensees over a tentative proposal to incorporate crypto wagering as part of the regulated gambling industry.

24.08 / 05:29

business Blockchain Hackers hacks White hat: I returned most of the stolen Nomad funds and all I got was this silly NFT

Hackers behind the $190 million Nomad Bridge are now being incentivized with "whitehat" themed non-fungible tokens (NFTs) if they return nearly all of the funds they stole from the protocol at the start of this month.

frequently asked questions about business

What is business and why is it relevant?

Business is a significant category that is in the spotlight. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on business?

All latest articles about business can be found in the highlighted block. We publish information regularly.

How can I verify the accuracy of information on business?

We use verified data to ensure that the information about business is reliable and informative for our readers.