Business Financial News

26.07 / 22:47

business Mining NASDAQ Bitcoin Price Core Scientific to increase ASIC server capacity by 75 MW

United States Bitcoin (BTC) miner Core Scientific has signed a new colocation agreement to increase its data center hosting capacity by 75 megawatts (MW), a move intended to showcase the company’s ongoing commitment to boosting its infrastructure capabilities amid the ongoing bear market.

26.07 / 14:58

business Government Bitcoin SEC Philippines to investigate Binance over alleged illegal operations

Philippines’ think tank Infrawatch PH continues efforts to ban Binance in the country by asking more regulators to investigate the cryptocurrency exchange over alleged illegal operations.

26.07 / 08:27

business Binance Bloomberg Binance CEO sues Bloomberg subsidiary alleging defamation

Binance chief executive Changpeng Zhao is suing Bloomberg Businessweek in Hong Kong, accusing the outlet of defamation.

26.07 / 05:03

business Blockchain Banks Moelis Moelis & Co. co-founder to head group advising blockchain companies

New York-based investment banking giant Moelis & Co. has launched a Global Blockchain Group that will provide advisory services to blockchain and crypto firms.

26.07 / 01:15

business Food Chipotle takes 'buy the dip' literally with new $200K crypto giveaway

United States-based fast casual restaurant chain Chipotle has started an online game which will give customers the chance to win more than $200,000 in crypto.

25.07 / 22:27

business Asia Survey Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report

The Asia Pacific region is seeing a major business shift with increasing numbers of new technology startups appearing, even as venture capital investment is decreasing compared to last year. A report from Big Four accountant KPMG and international banking company HSBC based on a survey of 6,472 Asian Pacific startups found that over a quarter of them are blockchain related.

25.07 / 20:39

business SEC Tesla Bitcoin reports Tesla reports $64M profit from Bitcoin sale

Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a bear market.

25.07 / 19:37

business wallet Bitcoin Wallet Bitcoin Lost Crypto user who lost $163M in Bitcoin wants to deploy robot search party: Report

James Howells, a British man who mistakenly discarded a hard drive containing roughly 7,500 Bitcoin in 2013 has reportedly started looking at having robots and humans work together to retrieve his crypto from a local landfill.

25.07 / 18:51

business Web3 Funding Venture Capital valuation Aptos Labs raises $150M, more than doubling valuation

Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups.

25.07 / 18:51

business Adoption Trading Bitcoin gone 3AC: A $10B hedge fund gone bust with founders on the run

Three Arrow Capital (3AC), a Singapore-based crypto hedge fund that at one point managed over $10 billion worth of assets, became one of the many crypto firms that went bankrupt in this bear market.

25.07 / 18:01

business cryptocurrency Meta Ex-Meta staffers raise $150 million for new crypto venture

Aptos Labs, a startup that rose from the wreckage of Meta Platforms Inc.’s failed crypto ambitions, has raised $150 million in new funding, the company announced Monday.

25.07 / 13:01

business Stablecoin Tether Bitfinex Tether, Bitfinex, Hypercore collab to launch encrypted P2P apps

Staying true to the “bear market is for building” motto, crypto exchange Bitfinex along with Tether (USDT) and Hypercore announced the launch of a fully encrypted platform, Holepunch, for building peer-to-peer applications. As part of the initiative, the trio launched Keet, an encrypted application capable of facilitating real-time audio and video calls, text chat and file sharing.

25.07 / 12:51

business Blockchain Payments Future The best bear market plan? 'Relentless optimism for the future,' says fintech CEO

While many crypto veterans give out a wide range of bear market advice and strategies, some opt for a more straightforward approach—optimism. Being resilient and positive during this time is very important, according to Jeremy Almond, the CEO of Paystand, a B2B payments fintech.

25.07 / 12:11

business Technology cryptocurrency coinbase Coinbase venture funding down 34% in Q2 of CY22

Crypto venture funding, which saw a record Q1 in 2022, witnessed the deal pace of Coinbase Ventures slowdown in the second quarter, with the total count decreasing 34 percent, from 71 to 47. Coinbase Ventures is the venture capital arm of crypto exchange Coinbase.

25.07 / 10:01

business Blockchain Adoption Apple Experts clash on where virtual reality sits in the Metaverse

Virtual reality (VR) will eventually have a place within the Metaverse, but not for the foreseeable future given its slow adoption rates, according to experts.

25.07 / 10:01

business education The University of Tokyo to offer courses in the Metaverse

The University of Tokyo, also known as Todai is set to offer a range of study programs later this year that will take place in the Metaverse.

25.07 / 07:53

business Ethereum cryptocurrency Bitcoin ETH jumps 50% in over a month, founder says protocol to be 55% complete after ‘merge’

Even as Ethereum (ETH), the world’s second-largest digital currency by market capitalisation, is up 50 percent in over a month and has played a crucial role in the recovery of the cryptocurrency market. The network’s co-founder Vitalik Buterin says the protocol will only be 55 percent complete after the ‘merge’.

25.07 / 06:59

business Law security Pump and Dump class action Yuga Labs 'inappropriately induced' BAYC investors: Class action

A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy Bored Ape Yacht Club non-fungible tokens (NFTs) and the project’s affiliated ApeCoin (APE) token.

25.07 / 05:57

business Stablecoin Adoption DAI NOT Stablecoin projects need collaboration, not competition: Frax founder

Stablecoin projects need to take a more collaborative approach to grow each other’s liquidity and the ecosystem as a whole, says Sam Kazemian, the founder of Frax Finance.

25.07 / 04:57

business Investments Court Bankruptcy Customers Voyager rejects Alameda buyout offer as it 'harms customers'

Centralized crypto lender Voyager Digital Holdings has rejected an offer from FTX and its investment arm Alameda Ventures to buyout its digital assets on the grounds that the actions “are not value-maximizing" and potentially "harms customers."

24.07 / 10:49

business cryptocurrency Asia World Troubled crypto exchange Zipmex says it’s mulling possible offer

Zipmex, a cryptocurrency exchange that operates in markets like Singapore and Thailand, said on Sunday it was considering a possible offer after talks with interested parties and due diligence should commence.

frequently asked questions about business

What is business and why is it important?

Business is a trending topic that draws public attention. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on business?

All new posts about business can be found in the dedicated section. We publish information in a timely manner.

How can I verify the accuracy of information on business?

We rely on trusted sources to ensure that the information about business is reliable and valuable for our readers.