Business Financial News
05.08 / 09:41
business
Mining
Texas
Bitcoin
Crypto bear market will provide ‘excellent’ M&A opportunities: White Rock CEO
White Rock Management CEO Andy Long believes bear markets "present excellent opportunities” for expansion via mergers and acquisitions in the crypto mining sector.
05.08 / 06:27
business
Twitter
Square
Bitcoin
Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
Former Twitter CEO Jack Dorsey’s digital payments firm Block Inc. saw its year-on-year (YoY) profits soar 29% to $1.47 billion in Q2, though its Bitcoin business slumped on decreased customer demand and a fall in Bitcoin (BTC) prices.
05.08 / 04:45
business
Banks
banking
Loans
Customers
Voyager received better buy-out offers than FTX’s, set to return $270M to customers
Beleaguered crypto lender Voyager Digital Holdings says it has received a number of “higher and better” buy-out offers than that offered by AlamedaFTX back in July, contrary to the investment firm's continued public statements.
04.08 / 22:45
business
Binance
MasterCard
Binance and Mastercard will launch prepaid crypto cards in Argentina
Major crypto exchange Binance has partnered with Mastercard to launch a prepaid card for the residents of Argentina.
04.08 / 20:25
business
Blockchain
Technology
Adoption
Meta enables Instagram NFT integration in over 100 countries
According to a Meta newsroom post updated on Thursday, the Mark Zuckerberg-led company has begun its nonfungible token (NFT) expansion across 100 countries in Africa, the Asia-Pacific, the Middle East and the Americas. This includes adding support for wallet connections with Coinbase Wallet and Dapper as well as the ability to post digital collectibles minted on the Flow blockchain. The initial rollout targets the popular social media app Instagram.
04.08 / 19:05
business
Blockchain
Bitcoin
Self-custody isn’t for everyone: WisdomTree exec on ‘be your own bank’
While some experts believe that self-custody is one of the genuine purposes of crypto, this way of storing coins is not really suitable for everyone, according to a WisdomTree executive.
04.08 / 19:05
business
Bitcoin Futures
CME
Euro
CME Group plans to launch euro-denominated Bitcoin and Ether futures
Major derivatives marketplace Chicago Mercantile Exchange Group aims to launch trading for Bitcoin euro and Ether euro futures contracts starting on Aug. 29.
04.08 / 17:39
business
Investments
coinbase
Coinbase partners with BlackRock to create new access points for institutional crypto investing
According to a new blog post published on Thursday, cryptocurrency exchange Coinbase said it is partnering with BlackRock, the world’s largest financial asset manager, to provide its clients with direct access with crypto, starting with Bitcoin (BTC). Users of BlackRock’s institutional investment management platform Aladdin will receive crypto trading, custody, prime brokerage, and reporting capabilities should they also elect to sign up for Coinbase Prime.
04.08 / 17:39
business
Report
Fashion
Research
Education and aesthetics: Bringing more women into the Metaverse
Interest in the Metaverse is growing rapidly and fashion brands across the globe are taking note. A new report from the technology research and advisory firm Technavio found that the Metaverse will hit a market value of $50.37 billion by 2026. Findings from Technavio further show that the Metaverse in fashion market share is expected to increase by $6.61 billion from 2021 to 2026.
04.08 / 16:57
business
Adoption
Africa
Middle east
Cointelegraph expands to Middle East and North Africa with a new franchise
Cointelegraph, the premier blockchain- and crypto-focused media outlet, is expanding its presence into the Middle East and North Africa (MENA) region with the help of a new franchise owner, Luna Media Corporation.
04.08 / 16:33
business
Banks
Taxes
Portuguese banks shutting crypto accounts citing risk management concerns
Several large banks in Portugal have reportedly begun closing the accounts of cryptocurrency exchanges due to "risk management" concerns, suggesting a shift in Portugal's pro-crypto position. The country's central bank appears to have given the financial institutions the green light to take action.
04.08 / 14:21
business
Binance
regulation
NOT
Philippine SEC cautions the public not to invest with Binance
The Philippine Securities and Exchanges Commission (SEC) cautioned the public not to invest in the crypto exchange Binance in their response to policy think tank Infrawatch PH’s attempts to woo the SEC to take action against the exchange.
04.08 / 08:57
04.08 / 08:53
business
Blockchain
Web3
Swiping left: Tinder pulls back on Metaverse dating plans
Match Group, the parent company of popular dating app Tinder, says it is cutting funding for Web3-related research and development amid disappointing Q2 earnings and the departure of Tinder'scurrent CEO.
04.08 / 08:53
business
ATM
After four years, Japan brings back its first crypto ATM
Crypto ATMs — or BTMs as per local terminology — are back in Japan after a lengthy four-year hiatus.
04.08 / 08:53
business
Blockchain
Cybersecurity
Gaming
play
Major hacks in play-to-earn crypto games a ‘matter of time’ — Report
“Unsatisfactory” cybersecurity measures among play-to-earn (P2E) crypto games pose a great risk to GameFi projects and their gamers alike, warns blockchain cybersecurity auditor Hacken.
04.08 / 05:43
business
defi
Hackers
hacks
Slope wallets blamed for Solana-based wallet attack
As the dust settles from yesterday’s Solana ecosystem mayhem, data is surfacing that wallet provider Slope is largely responsible for the security exploit that stole crypto from thousands of Solana users.
04.08 / 00:01
business
CFTC
SEC
coinbase
NOT
Coinbase exec at heart of insider trading scandal pleads not guilty in federal court
Former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court on Wednesday, Reuters reported. Wahi is accused by United States law enforcement and the Securities and Exchange Commission (SEC) of insider trading while at Coinbase. He was arrested in May as he attempted to board a flight to India and was charged in July.
03.08 / 23:15
business
hacks
Cybercrime
Hackers might be responsible for removing $4.8M from crypto exchange ZB.com: PeckShield
Blockchain investigator PeckShield has reported roughly $4.8 million in crypto moved from ZB.com amid the exchange announcing the suspension of withdrawals.
03.08 / 20:53
business
Mining
Texas
Riot
Riot Blockchain's Bitcoin mining productivity dropped 28% YOY amid record Texas heat
Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin (BTC) in July 2022 than that in July 2021 after scaling down operations at its Texas facility.
03.08 / 19:35
business
Donations
crypto donations
Roman Catholic Archdiocese of Washington, DC will accept crypto donations
The archdiocese of Washington, D.C. of the Roman Catholic Church will begin accepting donations in cryptocurrency as part of an effort to grow its ministries.
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