Business Financial News
29.07 / 16:17
business
Mining
Bitcoin
What happens when 21 million Bitcoin are fully mined? Expert answers
When the last Bitcoin (BTC) is finally mined, the livelihood of miners who rely on block rewards as a source of income will be affected. Despite this, the future of mining stays promising, according to an expert in space.
29.07 / 14:39
business
Blockchain
Cardano
Cardano Vasil hard fork hit with another delay for several weeks
After failing to go live last month, the Cardano Vasil hard fork is delayed again as teams behind the Cardano blockchain development target a smooth network upgrade.
29.07 / 11:41
business
regulation
Fraud
Federal Reserve
Fed demands Voyager remove ‘false’ claims deposits are FDIC insured
Cypto lender Voyager Digital has been directed to remove “false and misleading” statements that its user’s deposit accounts are FDIC insured.
29.07 / 11:41
business
hacks
phishing
email
Phishing risks escalate as Celsius confirms client emails leaked
Celsius depositors should be on the lookout for phishing scams after the company revealed some of its customer data had been leaked in a third-party data breach.
29.07 / 11:40
business
Blockchain
After weeks of rumors, Thai crypto exchange Zipmex files for debt relief in Singapore
In a document dated Wednesday, July 27, Thai cryptocurrency exchange Zipmex said that its solicitors in Singapore, Morgan Lewis Stamford LLC, filed five moratorium applications, or legal authorization to debtors to postpone payment, under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 on behalf of the company. Zipmex seeks to protect itself against third party actions, claims, and proceedings for a period of six months while the filing is active. The announcement came just one week after its CEO and co-founder Marcus Lim publicly denied the firm was facing financial troubles. Rumors have been circulating in the past month that the cryptocurrency exchange was insolvent after a proposed acquisition by Coinbase fell through.
28.07 / 19:08
business
CoinMarketCap
Bitcoin
Bitcoin Price
open
CoinGecko open to acquisition but now is ‘too early,’ co-founder says
Major cryptocurrency tracking website CoinGecko is open to acquisitions, but not right now, according to a co-founder of the platform.
28.07 / 19:07
business
Blockchain
Adoption
Binance
Binance jumps into NFT ticketing after UEFA League fiasco
Following the chaos caused by counterfeit tickets in the UEFA Champions League 2022, crypto exchange Binance has launched the pilot of its nonfungible token (NFT) ticketing solution with football club Società Sportiva Lazio for the 2022 to 2023 season.
28.07 / 14:15
28.07 / 14:15
business
Blockchain
Ethereum
Bitcoin
Crypto mining still profitable in the long-term, expert says
From the great migration to the bear market, crypto miners went through many challenges throughout the year including a shift in profitability. However, according to Steve Bassi, an expert in Bitcoin (BTC) and Ether (ETH) mining, crypto mining may still be profitable if we look at its long-term prospects.
28.07 / 12:43
business
economy
inflation
Recession
What do shrinkflation, skimpflation and stagflation mean and are they worse than inflation?
Have you been out to your favourite restaurant, only to discover the food wasn’t quite as good or the portions were much smaller? Or even eating at home has become more expensive as the supermarket shop adds up?
28.07 / 06:15
business
virtual reality
Metaverse
Zuckerberg unfazed about $2.8B metaverse division loss in Q2
Meta’s virtual reality (VR) and metaverse division Reality Labs has posted its seventh straight quarter of losses, but CEO Mark Zuckerberg remains steadfast in investing in the technology, which he calls a "massive opportunity.
28.07 / 02:35
business
Blockchain
Adoption
Square Enix to launch FF7: Nifty Newsletter, July 20–26
In this week’s newsletter, read about how game developer Square Enix plans to launch Final Fantasy VII digital collectibles. Check out the new Open Metaverse Alliance for Web3 and how NFT sales will fund artwork restoration efforts in Ukraine.
27.07 / 22:16
business
Stablecoin
Tether
Report
Tether says it holds zero Chinese commercial paper, denies 85% exposure
Major stablecoin issuer Tether has reiterated that the company plans to completely rid itself of commercial paper backing for its U.S.-dollar stablecoin USDT.
27.07 / 22:15
business
defi
Algorand
Steven Kokinos shifts to Algorand advisory role as company appoints interim CEO
Blockchain protocol Algorand’s chief executive officer Steven Kokinos has announced he will be leaving his position to focus on projects related to scaling adoption.
27.07 / 19:32
business
Funding
Pantera Capital
valuation
NFT domains platform Unstoppable raises $65M Series A at $1B valuation
On Wednesday, nonfungible token (NFT) domains platform Unstoppable Domains announced that it closed a $65 million Series A funding round at a valuation of $1 billion.
27.07 / 18:53
business
Blockchain
Adoption
Payments
Checkout.com
Education in crypto payments will spark mass adoption, says Checkout.com exec
While many businesses have expressed interest in integrating crypto payments, there are still challenges in terms of understanding the space, said Jess Houlgrave, the head of crypto strategy at Checkout.com.
27.07 / 14:05
business
coinbase
Bitcoin
Cathie Wood sells Coinbase shares amid insider trading allegations
One of the largest stockholders of the Coinbase cryptocurrency exchange has dumped a massive amount of shares as regulators reportedly probe the firm for alleged insider trading.
27.07 / 13:15
business
Blockchain
SEC
STO
‘Game yet to begin’ for security token offerings, INX exec says
Despite some of the first security token offerings (STO) launching at least four years ago, the STO industry is still yet to take off, according to an executive at the INX cryptocurrency trading platform.
27.07 / 13:15
business
Blockchain
Adoption
Marketplace
NFT potential vast and creative possibility endless, says YellowHeart CEO
While some refuse to adopt nonfungible tokens (NFTs), others are finding ways to realize the potential of NFT technology to solve real-world problems.
27.07 / 09:37
business
Kucoin
Funding
KuCoin CEO Johnny Lyu launches 'Anti-FUD Fund'
The CEO of crypto exchange KuCoin says it is launching an "Anti-FUD Fund" to track down and potentially take legal action against "FUDers" and educate crypto users on identifying misinformation.
27.07 / 08:11
business
Cybercrime
Ransomware
‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report
New research shows that despite falling digital asset prices, cryptojacking has reached record levels in the first half of 2022.
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