Business Financial News
09.08 / 01:49
business
Blockchain
Technology
MICRO
Trend Micro calls out vulnerabilities in metaverse security development
In a new report published by American-Japanese cybersecurity company Trend Micro, the firm says that the metaverse possesses increasing vulnerabilities that could materialize within the next three to five years.
09.08 / 00:39
business
Hash Rate
Australia-based crypto miner doubles hash rate after energizing Canadian rigs
Australian Bitcoin miner Iris Energy said it had increased its hash rate to more than 2.3 exahashes per second following the completion of phase two of its operations in Mackenzie, Canada.
08.08 / 21:01
business
privacy
Vitalik Buterin proposes stealth addresses for anonymous NFT ownership
Ethereum co-founder Vitalik Buterin has suggested there may be a “low-tech approach” to incorporating privacy features ito nonfungible token, or NFT, transactions.
08.08 / 19:39
business
Blockchain
regulation
Indian
Support
Binance sides with Indian regulators in WazirX fallout to cease support for off-chain transfers
As reported by local news outlet The Economic Times on Monday, Binance is scheduled to remove off-chain fund transfers with Indian cryptocurrency exchange WazirX on Thursday, although users will still be able to deposit and withdraw balances via the standard withdrawal and deposit process between the two exchanges.
08.08 / 14:57
business
Binance
coinbase
Bitcoin
Drop
Traffic
CEXs
FTX, ByBit rise in web traffic despite overall traffic drop on CEXs
The ongoing cryptocurrency winter has triggered an overall decline in interest in centralized crypto exchanges (CEX), but some crypto trading platforms have seen a rise in website traffic.
08.08 / 12:57
business
Blockchain
Adoption
week
Korea Blockchain Week, Aug. 8: First-day takeaways from the Cointelegraph team
The fifth annual Korea Blockchain Week kicked off on Sunday, with more than 7,000 people attending Asia’s largest blockchain event of 2022.
08.08 / 12:57
business
Blockchain
Adoption
Real Estate
Six reasons why blockchain makes sense for commercial real estate: Deloitte
Solutions built around blockchain technology offer several upfront benefits, including a censorship-resistant, irreversible distributed ledger. Deloitte’s study revealed blockchain’s position as a perfect fit for real estate use cases around leasing and selling.
08.08 / 11:13
business
cryptocurrency
Binance
WazirX
Indian
What the WazirX-Binance rift is, and what it means for Indian crypto investors
Binance, the world’s largest cryptocurrency exchange by trading volumes, proudly announced it had ‘acquired’ WazirX, in a blog post on November 21, 2019, however Binance CEO Changpeng Zhao has now shocked the Indian crypto exchange and the global crypto community by reneging on the agreement between the two parties.
08.08 / 07:37
business
cryptocurrency
Binance
WazirX
place
Legal documentation in place to prove WazirX owned by Binance: Nischal Shetty
WazirX founder Nischal Shetty said he has all the legal documents to prove that Binance controls all crypto-to-crypto trading and crypto deposits and withdrawals on the platform.
08.08 / 01:03
business
Adoption
Investments
Bitcoin
How Bitcoin whales make a splash in markets and move prices
Deriving their names from the size of the massive mammals swimming around the earth’s oceans, cryptocurrency whales refer to individuals or entities that hold large amounts of cryptocurrency.
07.08 / 07:47
business
cryptocurrency
crypto news
Bitcoin
Bitcoin Down
Cryptocurrency Prices Today August 7: Bitcoin down, Binance Coin biggest laggard
Cryptocurrencies traded in the red early on August 7. The global crypto market cap stood at $1.09 trillion, down 1.33 percent from the previous day. The total crypto market volume over the last 24 hours reached $44.71 billion, which makes a 35.18 percent decrease.
06.08 / 23:29
business
Mining
stocks
Bitcoin
Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July
Canadian Bitcoin (BTC) miner Hut 8 Mining Corp. added to its massive BTC reserves in July, as the firm maintained its long-term “HODL strategy” in the face of market volatility.
06.08 / 19:59
business
Cybersecurity
Funding
Lightning Network
network
blockchain security firm
VC Roundup: Lightning Network payment rail, DeFi trading platform and blockchain security firm raise millions
Even with the onset of crypto winter, 2022 has been a watershed year for venture capital funding. Crypto and blockchain companies collectively raised $30.3 billion in venture capital in the first half of 2022, exceeding all of last year's totals. While the number of deals has declined in recent months, startups at the intersection of blockchain payments, decentralized finance (DeFi) and cybersecurity are still attracting sizable interest from the VC community. The latest edition of VC Roundup highlights some of the most intriguing funding deals of the past month.
06.08 / 06:47
business
cryptocurrency
crypto news
Bitcoin
Bitcoin Down
Cryptocurrency Prices Today August 6: Bitcoin down, Cardano biggest laggard
Cryptocurrencies traded in the red early today on August 6. The global crypto market-cap is $1.10 trillion, a 1.78 percent increase over the last day. The total crypto market volume over the last 24 hours is $69.41 billion, which makes an 11.22 percent increase.
06.08 / 01:55
business
Energy Consumption
Texas
Power
Bitcoin production
Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.
05.08 / 23:51
business
Robinhood
MicroStrategy
BitPay
Crypto Biz: Gucci ‘apes’ into crypto
What comes to mind when you think of Gucci? Designer handbags, fashion jewelry, elegant Swiss watches? What about payment integration with an ERC-20 governance and utility token that wants to power Web3? Rolls off the tongue, doesn’t it? The iconic Italian fashion brand announced this week it would expand its payment options to include the Bored Ape Yacht Club-affiliated ApeCoin (APE) — but only through BitPay. In other words, Gucci will let you liquidate your APE for United States dollars and spend the proceeds at its stores.
05.08 / 23:51
business
lending
Bankruptcy
Withdrawals
Voyager plans to resume cash withdrawals on Aug. 11
Crypto lender Voyager Digital Holdings has reported users may be able to make cash withdrawals from the app more than a month after suspending trading, deposits, withdrawals and loyalty rewards.
05.08 / 18:47
business
Blockchain
Mining
Bitcoin
Crypto miners
Antminer S19 XP dropped in a bid to swing crypto miners back into profit
With the Bitcoin (BTC) price moving at a very steady pace during the crypto winter, the return on investment (ROI) on a new mining device seems like a shot in the dark. But a mining expert explained there may be hope for miners to make a comeback to profit.
05.08 / 17:43
business
regulation
coinbase
lawsuits
Coinbase hit with 2 fresh lawsuits amid SEC probe
Coinbase is now facing increased scrutiny from regulators, with the company now becoming the target of multiple lawsuits. The San Francisco-based cryptocurrency exchange, which is presently being investigated by the United States Securities and Exchanges Commission (SEC), now faces two additional legal claims from two law firms.
05.08 / 14:57
business
Mining
Bitcoin
Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital
Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital.
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