Business Financial News

16.08 / 11:47

business Law Court Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation

Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in the current bear market.

16.08 / 08:57

business Blockchain Australian Australian Securities Exchange takes step towards tokenized asset trading

Companies on the Australian Securities Exchange (ASX) could be able to trade tokenized bonds, equities, funds, or carbon credits after a successful proof-of-concept trial led by the digital asset investment platform Zerocap.

16.08 / 06:19

business regulation Banks remittances Premium Korean regulators investigate banks over $6.5B tied to Kimchi premium

South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency.

16.08 / 00:43

business Law BitGo BitGo to sue Galaxy Digital for $100M over dropped acquisition

Digital asset custodian BitGo said it planned to seek more than $100 million in damages from Galaxy Digital, alleging the investment firm owed the funds as part of a “reverse break fee” in its decision to terminate an acquisition agreement.

15.08 / 21:35

business exit Exit stage left — Eqonex to close crypto exchange after two years

Nasdaq-listed digital asset investment firm Eqonex has announced it will be exiting the “crowded crypto exchange space” by shuttering part of its operations.

15.08 / 20:07

business Blockchain Scams Profiles Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ

According to a Sunday Twitter post by Binance CEO Changpeng Zhao, also known as CZ, only about 50 out of 7,000 users claiming to be employees of the world's largest cryptocurrency exchange on Linkedin are real. The crypto executive lamented the lack of a real-ID authentication system on Linkedin, saying:

15.08 / 19:07

business Funding Venture Capital Bloomberg acquires Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg

Cryptocurrency venture firm Dragonfly has acquired a digital asset-focused investment fund for an undisclosed amount — a move that managing partner Haseeb Qureshi said mirrors the broad consolidation trend underway in the industry.

15.08 / 17:05

business regulation NASDAQ Bitcoin Galaxy Digital terminates BitGo acquisition, citing breach of contract

After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition.

15.08 / 16:05

business Blockchain Adoption Binance Pandas, cyborgs, dogs, koalas dominate BNB Chain Red Alarm flag list

BNB Chain, a blockchain network created by crypto exchange Binance, identified over 50 on-chain projects that pose a significant risk to the users. A mix of crypto spin-offs resembling Dogecoin (DOGE) and Binance and others dedicated to pandas, cyborgs and koalas made the list as untrustworthy and high-risk projects.

15.08 / 14:47

business Court Bitcoin Withdrawals Zipmex gets 3 month protection in Singapore amid halted withdrawals

Cryptocurrency exchange Zipmex has gotten a chance to sort out liquidity issues as a court in Singapore has granted the firm with more than three months of creditor protection.

15.08 / 13:29

business Blockchain Adoption Samsung Web3 Projects Utility Samsung Next exec argues Web3 projects must face the challenge of utility

While Web3 has shown a lot of potential from its inception to today, some still believe that there is a challenge that players in the space must face, which is utility, according to a Samsung Next executive.

14.08 / 12:05

business Blockchain Hackers Developers Velodrome recovers $350K stolen funds from team member Gabagool

Velodrome Finance, a trading and liquidity marketplace, announced the recovery of $350,000 stolen on Aug. 4. However, the occasion turned bittersweet when internal investigations pointed out the involvement of a prominent team member, who goes by the pseudo name Gabagool.

14.08 / 06:55

business cryptocurrency crypto news Bitcoin Cryptocurrency Prices Today August 14: Bitcoin up, Cardano biggest gainer

Cryptocurrencies traded in the green early on August 14. The global crypto market cap stood at $1.18 trillion, a 0.73 percent increase over yesterday. The total crypto market volume over the last 24 hours reached $56.85 billion, down 13.01 percent.

13.08 / 17:11

business Law defi regulation NOT Metaverse still not ready for virtual weddings and legal proceedings

As the global Web3 ecosystem continued to evolve at a staggering pace, so have the various use cases associated with this niche. In a striking new development, a high-ranking Singaporean government minister recently noted that legal marriage proceedings, court case disputes, and government services could one day be conducted using Metaverse platforms.

13.08 / 09:27

business Blockchain Lightning Network Bitcoin Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022

The Bitcoin (BTC) mining industry endured immense financial stress throughout the year 2022 as a prolonged bear market directly impacted their earnings when translated to the U.S. dollar. However, miners resilient to the year’s lowest mining revenue day, June 13, witnessed a 68.63% increase in mining revenue within a month.

13.08 / 06:37

business cryptocurrency crypto news Bitcoin Cryptocurrency Prices Today August 13: Bitcoin up, Ethereum biggest gainer

Cryptocurrencies traded in the green early today. The global crypto market cap stood at $1.17 trillion, with a 2.50 percent increase over the yesterday. The total crypto market volume over the last 24 hours climbed to $65.79 billion, making a 21.45 percent decline.

12.08 / 23:29

business coinbase Toronto Crypto Biz: A Futurist take on crypto

You might not know it, but Canada is quietly becoming a major player in the blockchain and crypto scene: Ethereum has strong Canadian roots, Toronto-based 3iQ launched North America’s first physically-settled Bitcoin (BTC) exchange-traded fund (ETF) and the percentage of active crypto holders in the country has increased steadily over the past two years.

12.08 / 20:45

business DAO Voting Tornado Cash Tornado Cash DAO goes down without explanation following vote on treasury funds

The Tornado Cash DAO went offline after many social media users reported the community discussing ways to challenge sanctions recently imposed by the United States Treasury Department’s Office of Foreign Asset Control.

12.08 / 20:19

business Ban Mailchimp bans crypto content creators without prior notice

The email marketing platform Mailchimp appears to have suspended its services to crypto content creators. Platforms associated with crypto news, content or related services started to have issues logging into accounts, followed by notices of service interruptions that began surfacing this week.

12.08 / 18:17

business Futures partnership FTX partners with Paradigm for 'one-click' futures spread trading

Digital asset investment firm Paradigm has announced the launch of spreads trading in partnership with crypto exchange FTX.

12.08 / 15:45

business Huobi stake Huobi co-founder reportedly looks to sell majority stake valued at over $1B

Leon Li, the co-founder of global crypto exchange Huobi, is reportedly in talks to sell the majority of his stake in the company that could be valued at over $1 billion.

frequently asked questions about business

What is business and why is it important?

Business is a significant category that draws public attention. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on business?

All latest articles about business can be found in the dedicated section. We publish information as it becomes available.

How can I verify the accuracy of information on business?

We rely on trusted sources to ensure that the information about business is accurate and helpful for our readers.