Business Financial News

06.10 / 01:59

business Law regulation Fraud Court Trial SBF was ‘very resistant’ to investors on FTX board: Paradigm co-founder

Sam Bankman-Fried was “very resistant” to having investors join the board of directors at FTX, claims Matthew Huang, the co-founder and managing partner of crypto investment firm Paradigm.

06.10 / 00:23

business Twitter regulation SEC Tesla us government elon Elon Musk hits at SEC, DOJ amid suit to force testimony in Twitter probe

Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission hours after the regulator sued Musk alleging he failed to testify in its probe relating to his $44 billion Twitter (now X) purchase last October.

05.10 / 20:45

business wallet economy Ledger Ledger lays off 12% of staff, citing ‘macroeconomic headwinds’

Pascal Gauthier, CEO and chair of hardware crypto wallet manufacturer Ledger, has announced the firm will be reducing its staff by 12%.

05.10 / 18:59

business Blockchain Survey Crypto users Nearly half of crypto users invest to boost living standards: Report

Approximately 50% of crypto users are investing in digital assets to improve their everyday living standards.

05.10 / 15:45

business Blockchain Funding Venture Capital Research Crypto VC funding falls to 3-year lows as market rout continues

Startup funding in the crypto industry has fallen back to Q4 2020 levels amid the ongoing cryptocurrency bear market.

05.10 / 14:19

business wallet Bitcoin Self Custody Self-Custody Wallet Support CoinDCX exchange expands self-custody wallet to support 155 countries

Major Indian cryptocurrency exchange CoinDCX is expanding its self-custody wallet, Okto, by integrating major on-ramp platform Transak.

05.10 / 14:19

business Blockchain Kraken Bitcoin dutch Kraken set to acquire Dutch exchange BCM, eyes European expansion

United States-based exchange Kraken has announced a pending deal to acquire Netherlands-based cryptocurrency exchange Coin Meester B.V. (BCM) as it sets its sights on European expansion.

05.10 / 12:01

business regulation Department Of Justice FTX Trial Sam Sam Bankman-Fried’s jets are subject to forfeiture, says prosecution

Sam Bankman-Fried’s (SBF) two multi-million dollar luxury jets are now subject to forfeiture, according to a filing from the United States Department of Justice (DOJ) on Oct. 4.

05.10 / 06:39

business regulation Fraud FTX Court Trial Sam 12 people will decide the fate of former FTX CEO Sam Bankman-Fried

A pregnant physician’s assistant, a train conductor and a retired investment banker are reportedly among the 12 individuals who will eventually decide on the fate of former FTX CEO Sam Bankman-Fried.

05.10 / 06:39

business Tokens exchanges DAO JPEX crypto exchange launches asset-lock-up plan, as some users cry foul

Embattled crypto exchange JPEX has pushed ahead with a plan that will purportedly transition the platform into a decentralized autonomous organization (DAO) and convert user assets to dividend shares with an incentive to lock them up for two years.

05.10 / 03:00

business Law regulation exchanges saga Hong Kong police, regulator form crypto task force as JPEX saga unfolds

The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have set up a crypto-focused working group to deal with illicit crypto exchange activities.

05.10 / 01:17

business Adoption Mining Energy renewable energy Bitcoin Riot Marathon Bitcoin miners Marathon, Riot, CleanSpark increase BTC output in September

Bitcoin miners Marathon Digital, Riot Platforms, and CleanSpark recorded strong Bitcoin production increases in September, leading to a small boost in share prices on Oct. 4.

04.10 / 19:23

business hedge fund Terra Luna Su Zhu's $36M mansion transformed into eco-farm post-3AC collapse: Report

Crypto businessman and fugitive Su Zhu's $36 million luxury real estate in Singapore has been converted into an eco-farm.

04.10 / 19:23

business Blockchain settlement Hong Kong Stock Exchange launches settlement platform powered by smart contracts

Hong Kong Exchanges and Clearing Limited (HKEX), the operator of The Stock Exchange of Hong Kong, Hong Kong Futures Exchange, and London Metal Exchange, is launching a novel equities settlement acceleration platform. Dubbed "Synapse," the platform will utilize smart contracts in the DAML programming language to streamline post-trade flows and enhance operational efficiencies, according to the October 4 announcement.

04.10 / 16:36

business defi Yield Curve Yield Protocol to permanently ‘wind down’ operations by December 2023

Decentralized finance (DeFi) lending protocol Yield Protocol announced its decision to shut down by the end of the year due to a lack of business demand and global regulatory pressures.

04.10 / 16:35

business Microsoft Social Media LinkedIn ChatGPT OpenAI Microsoft-owned LinkedIn releases AI-powered assistant for job recruiters

The Microsoft-owned and business-focused social platform LinkedIn announced the rollout of new artificial intelligence (AI) features to assist job recruiters when sourcing candidates.

04.10 / 16:35

business Technology Adoption Investments Tokens Venture Capital Decentralization Bull run Crypto VC: Token investing and the next bull run with Digital Wave Finance

Venture capital has been a key driver for myriad startups in the blockchain space. Founders know how competitive it can be to secure valuable VC funding that can keep the lights on and employees paid during the critical first days of a new project.

04.10 / 10:11

business Adoption Trading transactions Decentralization Blockchain finance to grow into $79.3B market by 2032

The global blockchain finance market — encompassing public and private blockchains, trading, payments, settlements and asset management — is well-positioned to grow into a $79.3B market by 2032.

04.10 / 10:11

business Blockchain regulation Department Of Justice FTX FTX-SBF charges valid despite lack of US crypto laws, DOJ says

The United States Department of Justice (DOJ) filed a motion in court on Oct. 4, claiming the lack of crypto regulations in the U.S. is no bar to the criminal charges made against former FTX CEO Sam Bankman-Fried (SBF).

04.10 / 06:35

business Blockchain hacks Social Media phishing Sim Card week Friend Friend.tech users blame SIM swaps after more than 100 ETH drained in a week

Friend.tech users are warning of possible SIM-swap attacks after a recent spate of supposed hacks — resulting in nearly 109 Ether (ETH) worth around $178,000 drained from four users in under a week.

04.10 / 06:07

business Law Ripple XRP regulation SEC Court debate Lawyers debate over Ripple case after rejection of SEC’s motion for appeal

Crypto lawyers are seemingly divided over the significance of a recent court order from Judge Analisa Torres, which denied the United States Securities and Exchange Commission’s (SEC) plan to file an interlocutory appeal against Ripple.

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