Business Financial News
10.10 / 10:29
business
Binance
Investments
Funding
Bitcoin
recovery
Binance tight-lipped on projects funded by $1B crypto recovery fund
Binance-spearheaded Industry Recovery Initiative (IRI), a co-investment project aiming to support the cryptocurrency industry in the aftermath of the FTX collapse, may not have been as effective as desired, a new report suggests.
10.10 / 07:13
business
Binance
regulation
Scams
Fraud
phishing
HK
Binance users in Hong Kong lose $450K in wave of fraud texts: HK police
Hong Kong’s police force has raised the alarm after 11 Hong Kong-based Binance customers were targeted in a wave of phishing scams sent through text messages.
10.10 / 03:03
business
Hackers
hacks
Bot
3Commas on ‘heightened alert’ after several user accounts hacked
Crypto trading bot provider 3Commas is on “heightened alert” after some of its user’s accounts were compromised and used to place trades.
10.10 / 00:05
09.10 / 20:19
business
Analysis
Opinion
FTX
exchanges
Books
Sam
Michael Lewis' new book puts a positive spin on Sam Bankman-Fried
I haven’t read Michael Lewis’ The Big Short: Inside the Doomsday Machine, but I find it difficult to believe that the author expressed much sympathy for those involved in the United States housing bubble prior to the 2008 financial crisis. By contrast, his account of former FTX CEO Sam Bankman-Fried (SBF) is relatively glowing.
09.10 / 20:19
business
Ripple
XRP
SEC
sec lawsuit
Financial
Ripple's chief financial officer steps down amid SEC lawsuit
Kristina Campbell, the chief financial officer of Ripple, has left the crypto payments platform for a comparable position at the virtual healthcare provider Maven Clinic.
09.10 / 19:07
business
FTX
Court
Sam
What is going on with Sam Bankman-Fried’s defense?
Former FTX CEO Sam "SBF" Bankman-Fried has been on trial since Oct. 3 in a federal court in New York, accused of seven counts of fraud and conspiracy to commit fraud on FTX investors and customers. As expected, the Department of Justice (DOJ) is employing a forceful legal approach to demonstrate his offenses, while Bankman-Fried’s defense is offering minimal resistance so far.
09.10 / 16:31
business
Blockchain
Bitcoin ASIC manufacturer Bitmain pauses employee salary payments: Report
Bitcoin application-specific integrated circuit (ASIC) manufacturer Bitmain has paused employee salary payments for September and beyond.
09.10 / 15:25
business
Fraud
FTX
Trial
FTX fraud
Sam
week
Sam Bankman-Fried FTX fraud trial continues: What to expect in the second week
The second week of the Sam “SBF” Bankman-Fried FTX fraud trial will commence its hearings again on Monday, Oct. 9, with one of the main focal points anticipated to be testimony from Caroline Ellison.
09.10 / 05:17
business
Hackers
hacks
Cybersecurity
security
Scams
Crypto exchange Upbit was targeted by hackers 159K times in H1: Report
South Korean cryptocurrency exchange Upbit has been targeted by hackers on more than 159,000 occasions in the first half of 2023, according to its operating firm.
09.10 / 03:39
business
regulation
transactions
Money Transfers
US consumer watchdog mulls applying e-banking laws to crypto
The top United States agency for consumer financial protection is considering applying the Electronic Fund Transfer Act (EFTA) to crypto, in an attempt to protect consumers from fraudulent crypto transfers.
09.10 / 02:50
business
Government
Adoption
regulation
corruption
Bitcoin
Bitcoin is a ‘super logical’ step on the tech tree: OpenAI CEO
OpenAI CEO Sam Altman has called Bitcoin (BTC) a "super logical" step on the tech tree, which is both free of government control while helping to fight corruption.
09.10 / 02:50
business
regulation
Fraud
FTX
Court
Trial
FTX used Python code to fake its insurance fund figure: Gary Wang
Crypto exchange FTX used hidden Python code to misrepresent the value of its insurance fund — a pool of funds meant to prevent user losses during huge liquidation events — according to testimony from FTX co-founder Gary Wang.
08.10 / 09:01
business
Fraud
FTX
Sam
Pro-XRP lawyer John Deaton slams Sam Bankman-Fried sympathizers
Attorney and crypto advocate John Deaton criticizes supporters of former FTX CEO Sam “SBF” Bankman-Fried during his ongoing trials related to the collapse of their crypto venture.
08.10 / 05:43
business
Hackers
hacks
Huobi
HTX claws back $8M in stolen funds, issues 250 ETH bounty to hacker
Huobi Global’s crypto exchange HTX has confirmed the return of the funds stolen by a hacker in late September and issued a 250 Ether (ETH) bounty after resolving the issue.
07.10 / 06:40
07.10 / 01:57
business
Government
Law
Bankruptcy
Sam
week
Sam Bankman-Fried goes on trial: A week in review
Luxury real estate, political donations, investments, and magazine covers. A year ago, that was the life of Sam Bankman-Fried, Assistant U.S. Attorney Thane Rehn remarked during the opening statements of the world's most famous crypto trial.
06.10 / 14:39
business
Ethereum
Proof-of-stake
Staking
Ethereum staking
Rise of Ethereum staking came at cost of higher centralization — JPMorgan
The rise of Ethereum staking since major network upgrades, the Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said.
06.10 / 11:57
business
Binance
Bitcoin
Binance spot market share drops for 7th consecutive month: Report
Major global cryptocurrency exchange Binance has reportedly continued to lose its market share amid ongoing regulatory issues in the United States.
06.10 / 05:47
business
Blockchain
hacks
Social Media
avalanche
Stars Arena
vulnerability
SocialFi app Stars Arena dispels ‘coordinated FUD' after patching ‘noob’ vulnerability
The team behind the new friend.tech-inspired protocol Stars Arena has dismissed what it called “coordinated FUD” after patching an exploit that saw attackers escape with $2,000 from the Avalanche-based decentralized social media platform.
06.10 / 04:13
business
Technology
NVIDIA
ChatGPT
OpenAI
OpenAI looking at producing AI chips in-house : Report
OpenAI, the company behind artificial intelligence chatbot ChatGPT, is reportedly exploring the possibility of manufacturing processing chips in-house amid a global shortage of the expensive and difficult to produce hardware.
popular questions about business
What is business and why is it important?
Business is a trending topic that is in the spotlight. On our site, we regularly publish news 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 accurate and valuable for our readers.
