Business Financial News
29.11 / 13:39
business
Blockchain
Adoption
IOTA
Internet of Things
DLT
Middle east
IOTA launches $100 million Abu Dhabi foundation for Middle East expansion
The open-source blockchain developer IOTA announced on Nov. 29 that it is launching a foundation, the IOTA Ecosystem DLT Foundation, based in Abu Dhabi to focus on the growth of its distributed ledger technology (DLT) in the Middle East region.
29.11 / 13:12
business
Mining Pools
Rewards
Bitcoin
Jack Dorsey wants to decentralize Bitcoin mining with new investment
Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey is backing a new BTC mining pool to help miners regain control of block rewards and transaction fees.
29.11 / 06:23
business
Law
Binance
NFT
Sport
Court
Cristiano Ronaldo sued for promoting Binance, unregistered securities
Pro-soccer star Cristiano Ronaldo has been hit with a proposed class-action lawsuit from plaintiffs claiming they suffered losses from his promotion of the now-legally embroiled crypto exchange Binance.
29.11 / 04:41
business
Tether
Bitfinex
bonds
Tether’s ‘new era for capital raises’ Bitfinex bond flops
Bitfinex’s recently launched Tether (USDT) tokenized bond, hailed as a “new era for capital raises,” appears to have failed to garner the investment and interest the firm anticipated.
29.11 / 03:31
business
Court
Digital Currency Group
Bankruptcy
end
Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit
Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), has struck a deal that could end an ongoing lawsuit to claw back $620 million in repayments from DCG.
29.11 / 03:31
business
Adoption
Amazon
Microsoft
Google
Apple
Bitcoin
What crypto traders can learn from Charlie Munger — even if he hated BTC
Legendary investor and billionaire Charlie Munger, known as the right-hand man of Warren Buffet who helped build investment powerhouse Berkshire Hathaway, has passed away at 99 years of age.
29.11 / 01:57
business
regulation
SEC
Bitcoin
‘Clear runway’ opens for all Bitcoin ETF approvals in Jan: Analysts
Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States now have a “clear runway” to potential simultaneous approvals after an advanced decision to delay the bids of Franklin Templeton and Hashdex ETFs, according to ETF analysts.
28.11 / 23:57
28.11 / 20:19
business
Funding
NVIDIA
Quantum Computing
Oxford quantum computing spinout announces $100M funding round led by Japan’s SBI
Oxford University physics spinout Oxford Quantum Circuits (OQC) recently announced the launch of Toshiko, a 32-qubit quantum computing services platform, alongside a $100-million Series B funding round led by Japan’s SBI Group’s investment arm.
28.11 / 20:19
business
Adoption
regulation
Cybersecurity
Multisignature
Fireblocks launches trading system to mitigate centralized exchange risk
Multi-party computation (MPC) wallet provider Fireblocks has released a new trading system for institutions that use centralized exchanges, according to a Nov. 28 announcement. Called “Off Exchange,” the new system allows institutional traders to swap tokens without first depositing them on the exchange. Fireblocks claimed this system would help to eliminate counterparty risk on centralized exchanges and prevent future FTX-like collapses.
28.11 / 17:03
business
Binance
Changpeng Zhao steps down as Binance.US chair
Changpeng “CZ” Zhao, the former CEO of major cryptocurrency exchange Binance, will also step down from his position as chair of the board of directors for the United States-based exchange Binance.US.
28.11 / 16:19
business
Blockchain
CBDC
More foreign banks join China’s CBDC pilot trials
More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.
28.11 / 16:19
business
Blockchain
Canaan secures new financing as revenue falls 55% in Q3
Bitcoin miner Canaan is seeking new capital amid a slump in its revenue and bottom line.
28.11 / 14:53
business
Scams
Hong Kong authorities say 145 victims, $18.9M lost in Hounax scam
Hong Kong authorities reported on Nov. 27 that 145 users were affected in a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of 148 million Hong Kong dollars ($18.9 million), according to local media Shenzhen Commercial News.
28.11 / 14:53
business
IPO
stocks
Bitcoin
Phoenix Group
Bitcoin mining firm Phoenix Group delays share listing
Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21.
28.11 / 10:00
business
regulation
eToro
Crypto licenses
Financial
eToro, M2 win ADGM crypto licenses to operate in UAE financial center
Crypto investment platforms eToro and M2 received various degrees of approval to offer their services in the United Arab Emirates from the ADGM Financial Services Regulatory Authority, which oversees the UAE’s international financial center, the Abu Dhabi Global Market (ADGM).
28.11 / 08:59
business
Investments
GBTC
shares
Bitcoin
Coinbase stock
ARK offloads $5.2M in Coinbase stock amid 18-month high
ARK Invest, one of the companies that filed an application for a spot Bitcoin exchange-traded fund (ETF), is again taking profits on its Coinbase shares as the stock price surges.
28.11 / 05:30
28.11 / 05:01
business
Adoption
ChatGPT
OpenAI
Vitalik Buterin: AI may surpass humans as the 'apex species'
Super-advanced artificial intelligence, left unchecked, has a “serious chance” of surpassing humans to become the next “apex species” of the planet, according Ethereum co-founder Vitalik Buterin.
28.11 / 00:10
business
coinbase
stocks
shares
Coinbase shares hit 18-month high after Binance charges
Crypto exchange Coinbase (COIN) shares have hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and sanctions violations in the United States.
27.11 / 23:53
business
Binance
regulation
SEC
Department Of Justice
Fraud
FTX
SEC still looking for potential FTX-style fraud at Binance.US: Report
The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report by the Wall Street Journal.
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