Business Financial News

01.08 / 19:15

business Blockchain Technology Blockchain cloud infrastructure company W3BCloud to go public via $1.25B SPAC

On Monday, W3BCloud, a firm building global data centers for the Web3 and blockchain sectors, announced that it was going public via a takeover by special purpose acquisition vehicle (SPAC) Social Leverage Acquisition Corp I. ‍

01.08 / 17:49

business Blockchain Technology Adoption International How blockchain technology can revolutionize international trade

Since time immemorial, technological innovations have shaped the structure of commerce and trade. The discovery of electricity encouraged mass production and the advent of steam engines ushered in an era of mechanized production.

01.08 / 16:35

business Blockchain Adoption Apple The rise of fake cryptocurrency apps and how to avoid them

Scammers have been taking advantage of blockchain’s decentralized and immutable nature to swindle crypto investors since the advent of the technology.

01.08 / 16:35

business Adoption regulation Dubai Dubai regulation check: Which companies got approvals recently?

Dubai has positioned itself as one of the most crypto-friendly cities, establishing a new regulator to cement the United Arab Emirates (UAE) position in the crypto space. Following this, crypto exchanges began to flock to the region, securing the newly-formed regulator's approval to operate within the region.

01.08 / 16:03

business Blockchain Binance identity First Binance soulbound token BAB targets KYC user credentials

Binance cryptocurrency exchange is moving towards decentralized identity tools by launching its first-ever token designed to certify verified user status on the platform.

01.08 / 15:35

business Europe Bitcoin Croatian retail giant sees rise in crypto payments despite the bear market

Payments in cryptocurrencies like Bitcoin (BTC) have been on the rise at Croatia’s largest supermarket chain Konzum this year despite the ongoing bear market.

01.08 / 12:49

business Adoption Binance Bitcoin $200M BitGet BTC-USDT protection fund hints at investor-centric trend

With the ultimate goal to regain investor confidence amid a prolonged bear market, crypto derivatives exchange Bitget launched a $200 million fund to safeguard users’ assets. Bitget joins the growing list of crypto companies, such as Binance, that have taken an investor-centric approach to gain investors’ trust via protection funds.

01.08 / 06:19

business Stablecoin Tether Usd Coin Tether calls thesis behind USDT short-selling 'flat out wrong'

Tether, the issuer of Tether (USDT), says that hedge funds that attempted to short its stablecoin after Terra’s collapse in May are using a thesis that is “incredibly misinformed” and “flat out wrong.”

31.07 / 12:49

business Blockchain students Hong Kong university to inaugurate mixed reality classroom in Metaverse

The Hong Kong University of Science and Technology (HKUST) announced to host the launch party of a virtual reality classroom over the Metaverse on September 1. The launch marks the commencement of HKUST’s plan to promote immersive learning by building a virtual campus in the Metaverse, to be called MetaHKUST.

30.07 / 16:33

business Sport community e-commerce boost How NFTs can boost fan engagement in the sports industry

Nonfungible tokens (NFTs) have grown a lot in popularity since the release of CryptoKitties in 2017, with the sector expected to move over $800 billion in the next two years.

30.07 / 13:15

business event Adoption Positivity blazing through a bear market: Blockchain Economy Istanbul 2022

Held at Hilton Bomonti, a fancy hotel next to a renovated and repurposed beer factory in Istanbul, the fourth iteration of the Blockchain Economy Summit 2022 (BE2022) proved to be a significant step-up compared to its pre-pandemic predecessors.

30.07 / 10:33

business Government Adoption Dubai Dubai permits full operation to FTX subsidiary FZE via first MVP license

On Friday, FZE, a subsidiary of crypto exchange FTX, was awarded Dubai’s first Minimal Viable Product (MVP) license, allowing full operation of the exchange in the region.

30.07 / 07:49

business Blockchain Argentinean soccer club welcomes first crypto signing amid economic downturn

Argentina’s economic restrictions have reached the sports industry, with the first signing of a local football player with cryptocurrencies hitting national headlines.

30.07 / 01:09

business interview Bitcoin analysts Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity

Bitcoin mining involves a delicate balance between multiple moving parts. Miners already have to face capital and operational costs, unexpected repairs, product shipping delays and unexpected regulation that can vary from country to country — and in the case of the United States, from state to state. On top of that, they also had to contend with Bitcoin’s precipitous drop from $69,000 to $17,600.

29.07 / 23:13

business coinbase Tesla elon Crypto Biz: Elon Musk: The ultimate crypto tourist

Elon Musk’s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. I say, good riddance. The cult of personality isn’t good for Bitcoin, and neither is a technologist who treats the asset as his plaything. As far as we are aware, Musk hasn’t sold any of his personal Bitcoin stash and Tesla still has an estimated 10,800 BTC on its books. Still, the less we have to hear about Musk and Bitcoin, the better.

29.07 / 22:17

business Job Costs CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%

Cryptocurrency exchange CoinFLEX said it had downsized a “significant number” of team members in an effort to cut operating costs.

29.07 / 20:41

business Donations crypto donations Pro-Russian groups raised only 4% of crypto donations sent to Ukraine

According to data from crypto analytics firm Chainalysis, users have sent more than $2 million in crypto to 54 pro-Russian groups since Feb. 24, a fraction of that received by many wallets controlled by the Ukrainian government.

29.07 / 19:53

business ETF Tether KuCoin crypto exchange debuts USDT-dominated NFT ETF

Seychelles-headquartered cryptocurrency exchange KuCoin has launched an exchange-traded fund (ETF) tied to major nonfungible token (NFT) assets like Bored Ape Yacht Club (BAYC).

29.07 / 17:47

business Ethereum Investments Bitcoin Crypto contagion deters investors in near term, but fundamentals stay strong

The past six-odd months have been nothing short of a financial soap opera for the cryptocurrency market, with more drama seemingly unfolding every other day. To this point, since the start of May, a growing number of major crypto entities have been tumbling like dominoes, with the trend likely to continue in the near term.

29.07 / 17:47

business ETF Investments Charles Schwab's asset management arm launches crypto-linked ETF

Schwab Asset Management, the asset management arm of financial giant Charles Schwab, has launched an exchange-traded fund (ETF) with exposure to firms linked to cryptocurrencies.

29.07 / 16:17

markets business Blockchain Ethereum analysts Semantics? Analysts unpack 'technical recession' as crypto markets recover

Data from the United States commerce department suggests America has entered a technical recession, but market analysts have highlighted key metrics that suggest investors are optimistic.

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