Business Financial News

03.08 / 19:21

business Blockchain Loans Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral

As reported by local news outlet Sohu, on Wednesday, the Agricultural Commerce Bank of Zhangjiagang, located in China's Suzhou province, announced that it had issued a 500,000 digital yuan (e-CNY) loan with intellectual property backing it as collateral. The loan was issued via unanimous approval by the city's consumer markets regulator, financial markets regulator and municipal officials.

03.08 / 17:23

business Adoption Investments Bitcoin Headlines Beyond the headlines: The real adoption of Bitcoin salaries

Are cryptocurrency wages an idea whose time has come? Maybe not. It’s one thing, after all, to dabble in Bitcoin (BTC) with one’s excess cash and quite another to take a significant portion of one’s salary in BTC.

03.08 / 17:07

business Adoption Trading Food Loyalty program Customer Canadian taco franchise uses NFTs for customer loyalty program

With 19 locations across Canada and a plan for expansion into the United States, this $6 million taco franchise wants to capitalize on their growing customer base.

03.08 / 16:33

business Adoption Investments Bitcoin Borrowing Borrowing to buy Bitcoin: Is it ever worth the risk?

The cryptocurrency space is expected to reach 1 billion users in 2030. While some have been known to make a fortune off of it, others have ruined their finances, chasing similar results, going as far as getting credit to buy crypto by putting up valuable assets, including their homes, as collateral.

03.08 / 11:35

business Blockchain Hackers Usd Coin Binance, KuCoin, OKX CEOs flex security amid Solana FUD storm

With Solana (SOL) hitting the headlines for succumbing to a hack on Aug. 3, prominent crypto CEOs — including Binance’s Changpeng “CZ” Zhao, KuCoin’s Johnny Lyu and OKX’s Jay Hao — recommended SOL investors move their holdings over to their own exchanges as an immediate security measure.

03.08 / 10:49

business Blockchain cryptocurrency Hack Millions drained in latest Solana wallet hack

User funds amounting to $8 million have been siphoned out by unknown hackers from Solana-based "hot" wallets including Phantom, Slope, and TrustWallet, making the SOL ecosystem the latest target of cryptocurrency hack. SOL is the native token of the Solana network.

03.08 / 07:53

business Blockchain Ethereum Kraken Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss

The crypto contagion sparked by Terra’s infamous implosion this year only spread to companies and protocols with “poor balance sheet management” and not the underlying blockchain technology, says Kraken Australia’s managing director Jonathon Miller.

03.08 / 06:33

business cryptocurrency crypto news Bitcoin Cryptocurrency Prices Today August 3: Bitcoin up, Polkadot biggest gainer

Cryptocurrencies traded mixed early on August 3 with the global crypto market cap rising marginally by 0.03 percent to $1.06 trillion over the last day. On the other hand, the total crypto market volume declined 5.05 percent to $77.33 billion over the last 24 hours.

03.08 / 05:01

business Robinhood 'This is on me' — Robinhood CEO to lay off 23% of staff after Q2 loss

Online brokerage Robinhood will lay off nearly a quarter of its employees, citing a continued deterioration of the macro environment and a broad crypto market crash.

03.08 / 03:57

business Adoption Payments Fashion Gucci becomes first major brand to accept ApeCoin payments

Italian high-end fashion giant Gucci has become the first major brand to accept payments in the Bored Ape Yacht Club affiliated ApeCoin (APE).

03.08 / 00:37

business Investments MicroStrategy Executive Michael Saylor will step down as MicroStrategy CEO but remain as executive chair

Bitcoin maximalist Michael Saylor has announced that he will step down as the chief executive officer of MicroStrategy, the business intelligence firm he helped co-found in 1989.

02.08 / 23:07

business Mining Crypto miner Digihost plans to move rigs from New York to Alabama

Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to lower energy costs.

02.08 / 22:41

business Investments CoinShares Terra Luna Terra reports CoinShares reports $21.7M loss tied to Terra implosion

On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year's quarter, the firm's revenue declined from 19.6 million pounds ($23.89 million) to 14.2 million pounds ($17.31 million). At the same time, its net income fell from 26.6 million pounds ($32.42 million) in Q1 2021 to 0.1 million pounds ($0.12 million).

02.08 / 21:17

business Investments exits Hedge fund billionaire Steve Cohen exits crypto startup Radkl amid bear market: Report

Steve Cohen, the founder of hedge fund Point72 Asset Management, has reportedly exited his investment in crypto trading firm Radkl.

02.08 / 18:11

business Ethereum Adoption Enterprise crypto custody firm Fireblocks integrates Tokeny for token minting

Enterprise cryptocurrency custody firm Fireblocks is set to offer token minting services through a new integration with Ethereum- and Polygon-friendly platform Tokeny.

02.08 / 16:39

business Blockchain Hardware Ledger reportedly seeking additional $100 million in funding

Having raised a mammoth $380 million funding at a $1.5 billion valuation in June, French cryptocurrency hardware wallet maker Ledger is looking to raise an extra $100 million, according to a Monday report from Bloomberg.

02.08 / 16:25

business Government Bitcoin Blockchain.com wins registration next to parent firm on the Cayman Islands

Blockchain.com, one of the oldest Bitcoin (BTC) infrastructure firms, is strengthening regulation and compliance efforts by securing registration in the Cayman Islands.

02.08 / 14:11

business Cardano Banks Swiss Crypto Staking Swiss Sygnum Bank expands crypto staking with Cardano

Cryptocurrency-friendly bank Sygnum Bank continues expanding its crypto services by launching support for Cardano (ADA) staking.

02.08 / 11:47

business Blockchain Adoption Bitcoin Cross-border European Central Bank bets on CBDCs over BTC for cross-border payments

A recent study conducted by the European Central Bank (ECB) on identifying the ultimate cross-border payment medium crowned central bank digital currencies (CBDCs) as the winner against competitors, including banking, Bitcoin (BTC) and stablecoins, among others.

02.08 / 06:23

business creditors Crypto lender Vauld granted three-month protection from creditors

Embattled crypto lending platform Vauld has been granted a short period of reprieve from creditors after being given a three-month moratorium by the Singapore High Court on Monday.

01.08 / 21:23

business Investments Retirement CBOE's operating expenses spiked 312% due to underperformance of acquired crypto firm

On Friday, Chicago Board Options Exchange (CBOE), the largest options exchange in the United States, announced its second-quarter earnings results. Of particular interest was its total operating expenses, which soared 685% year-over-year from $160.6 million. CBOE explained:

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