Business Financial News
21.07 / 16:43
business
Blockchain
Technology
education
FTX CEO and Solana co-founder offer advice for building Web3 ecosystems
The blockchain ecosystem is constantly evolving, yet there always seems to be one overarching sector dominating at a given time. For example, decentralized finance (DeFi) projects received an impressive amount of venture capital funding in 2021, making it the most invested sector last year. Findings further show that nonfungible tokens (NFTs) were the second most invested sector, while Web3 and infrastructure ranked third.
21.07 / 14:01
business
Blockchain
Blockchain has the biggest potential since the internet: Saxo Bank founder
While the crypto prices are calm and investor interests remain low, blockchain’s potential to transform and disrupt industries keeps attracting those eager to build regardless of digital asset prices.
21.07 / 13:53
business
EU slaps Russia with more sanctions over Ukraine war
The European Union has imposed more sanctions on Russia over its invasion of Ukraine after the bloc's member states backed a series of measures that would include gold imports and tighten export controls on some high-technology goods.
21.07 / 13:01
business
regulation
Bitcoin
Strict Thai crypto regulation causes SCB to delay Bitkub acquisition
Thailand’s oldest bank is unable to acquire the country’s largest local cryptocurrency exchange due to stringent crypto regulations.
21.07 / 07:39
business
Blockchain
cryptocurrency
Bitcoin
fall
Cryptocurrency Prices Today July 21: Bitcoin, Ethereum fall up to 5%, Cardano top laggard
Major cryptocurrencies traded in the red early on July 21 as the global crypto market cap declined 3.46 percent to $1.02 trillion over the last day. The total crypto market volume declined 6.03 percent to $95.32 billion over the last 24 hours.
21.07 / 06:39
business
Blockchain
Ripple
SEC
SEC objects to XRP holders aiding Ripple defense
The Securities and Exchange Commission (SEC) is attempting to block XRP holders from aiding in Ripple’s defense, and prohibit attorney John E. Deaton from any further participation in proceedings.
21.07 / 04:37
business
Bankruptcy
creditors
Crypto lender Vauld seeks protection against creditors: Report
Singapore crypto exchange Vauld Group is seeking a moratorium against its creditors — a move that would give the troubled lender more time to restructure its business after collapsing asset prices halted operations earlier this month.
21.07 / 00:27
business
coinbase
Venture Capital
Crypto firms facing insolvency 'forgot the basics of risk management' — Coinbase
Department heads at Coinbase have weighed in on the market downturn amid solvency concerns around Three Arrows Capital, crypto lending firm Celsius, and Voyager Digital, saying the crypto exchange had “no financing exposure” to the companies.
21.07 / 00:27
business
Tesla
Holdings
bitcoin holdings
Breaking: Tesla sold 75% of Bitcoin holdings in Q2
Electric vehicle maker Tesla sold most of its Bitcoin (BTC) holdings in the second quarter, according to new financial disclosures released on Wednesday.
20.07 / 21:03
business
Funding
FTX and FTX US seek even more funding following acquisitions: Report
Crypto exchange FTX and its United States subsidiary FTX US have reportedly each set new fundraising targets following the firms planning several high profile acquisitions and credit lines to firms.
20.07 / 15:03
business
Marketplace
Job
Future
Life after crypto biz: Retrenched staff ponder future in the job market
Bleak market prospects continue to afflict the cryptocurrency ecosystem as prominent firms face the tough reality of reducing their workforce to ensure their long-term viability.
20.07 / 14:21
business
Blockchain
Ethereum
fees
EVM
Polygon zero-knowledge EVM rollup aims cheaper Web3 transactions
Polygon, a Web3 infrastructure on the Ethereum blockchain, announced the launch of Polygon zkEVM or zero-knowledge Ethereum Virtual Machine, a Layer-2 scaling solution aimed at reducing transaction costs and improving scalability.
20.07 / 14:21
business
Investments
coinbase
Asia
Suspends
Withdrawals
Financial
Breaking: Zipmex suspends withdrawals as CEO denies financial trouble rumors
Thai cryptocurrency exchange Zipmex has paused withdrawals on its platform following a "combination of circumstances" beyond its control. Cointelegraph reports that Zipmex could be in trouble were dismissed as “rumors” by CEO and co-founder Marcus Lim following the failed acquisition of the Thai exchange by Coinbase.
20.07 / 12:03
business
Adoption
Report
Agency
US federal agency issues legal advisory on NFT investments
The United States Office of Government Ethics (OGE) issued a legal advisory recommending various instances when senior government officials are required to disclose their investments in nonfungible tokens (NFT).
20.07 / 11:17
20.07 / 11:13
business
cryptocurrency
World
Bitcoin
500
Bitcoin can hit $500,000 in 5 years, says billionaire investor Mike Novogratz
Billionaire investor Mike Novogratz says that Bitcoin (BTC), the world’s largest digital currency by market capitalisation, can hit the $500,000 mark in the next five years, thanks to increased adoption and outstanding properties. The Wall Street veteran said Bitcoin has some outstanding properties, including being tailor-made to be an anti-inflation store of value.
20.07 / 08:13
business
Ethereum
World
Bitcoin
Cryptocurrency market back above $1 trillion in market capitalisation
The global cryptocurrency market crossed $1 trillion in market capitalisation in the past 24 hours, bringing relief to investors and raising hopes about the start of a bull run.
20.07 / 01:07
business
Investments
Bitcoin
Withdrawals
SkyBridge
Skybridge announces suspension of withdrawals from of its one crypto-exposed funds
Skybridge Capital has suspended withdrawals from its Legion Strategies fund – one of the firm’s funds with crypto exposure. Founder Anthony Scaramucci confirmed the move July 19 in an interview on CNBC, after Bloomberg reported it a day earlier citing anonymous sources.
20.07 / 01:07
business
Blockchain
Technology
Ethereum
ENS domain
Amazon.eth ENS domain owner disregards 1M USDC buyout offer on Opensea
On Tuesday, the Ethereum Name Service, or ENS, domain Amazon.eth received an offer for 1 million USDC (a stablecoin pegged to the U.S. dollar) from an anonymous wallet address on OpenSea. The offer to buy the ENS domain went unanswered however, and no transaction took place. This is despite the last sale of the domain name being five months ago for 33 Ether (worth around $100,000 at that time).
19.07 / 23:49
business
Investments
Court
Bankruptcy
Source claims 3AC's Deribit exposure is worth much less than reported
Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exposure to crypto options exchange Deribit.
19.07 / 22:09
business
Blockchain
3AC allegedly liable for $2.8B in creditor claims
According to Twitter user @DrSoldmanGachs, a self-proclaimed creditor of troubled Singaporean crypto hedge fund Three Arrows Capital (3AC), the now-defunct entity allegedly owes $2.8 billion in claims, as discovered through a recent 3AC creditors meeting. In addition, the claim amount could be understated, as many have either not made their claim or have not disclosed their claim amounts for reasons of confidentiality.
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