Business Financial News

13.07 / 11:05

markets business cryptocurrency World NOT Crypto markets have not yet bottomed out: Glassnode

Long-term holders and miners are under remarkable pressure to surrender amid bearish cryptocurrency market sentiments while activity levels of small and large entities suggest the market has not yet formed a confident bottom, according to blockchain analysis firm Glassnode.

13.07 / 08:01

business coinbase Why Coinbase is banning slide decks and 'endless meetings'

Crypto exchange Coinbase is getting rid of slide decks and “endless meetings” as a way to improve productivity following the purge of roughly 18% of employees last month.

13.07 / 06:09

business regulation Court Liquidators can subpoena 3AC founders despite 'tricky issues' with crypto assets

A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies.

13.07 / 06:09

business regulation us government California California regulator investigating crypto interest accounts

The California Department of Financial Protection and Innovation (DFPI) has warned consumers to “exercise extreme caution” when dealing with interest-bearing crypto-asset accounts.

12.07 / 23:59

business Funding Venture Capital DAO Multicoin Capital raises $430M for new crypto startup fund

Prominent crypto investor Multicoin Capital has launched a new venture fund valued at $430 million, further demonstrating venture capital’s growing interest in the blockchain economy amid the bear market.

12.07 / 22:39

business Funding Metaverse Sandbox Animoca Brands raises $75M to advance ‘open metaverse’ concept

Blockchain gaming and venture studio Animoca Brands has closed another strategic funding round, giving the company additional resources to expand its acquisition targets in the metaverse sector.

12.07 / 18:01

business Mining Hardware Bitcoin F2Pool fall Bitcoin Miner Bitcoin miner prices will continue to fall, F2Pool exec predicts

The price of cryptocurrency mining hardware is likely to continue falling in the near future amid the ongoing crypto winter, according to an executive at major Bitcoin (BTC) mining pool F2Pool.

12.07 / 11:03

business cryptocurrency World Understanding how stablecoins have fared in the crypto bear market

Long considered a hedge against inflation and a better alternative to fiat currencies that are susceptible to devaluation, most cryptocurrencies have significantly underperformed benchmark stock market indices.

12.07 / 11:03

business cryptocurrency Crypto scam: How were investors duped to the tune of Rs 1,200 crore?

The accused, 31-year-old Kerala resident Nishad K, and his partners allegedly collected deposits from investors under the guise of an initial coin offer (ICO) for the launch of Morris Coin cryptocurrency.

12.07 / 08:59

business Blockchain hacks phishing phishing attack More than $4.7M stolen in Uniswap fake token phishing attack

A sophisticated phishing campaign targeting liquidity providers (LPs) of the Uniswap v3 protocol has seen attackers make off with at least $4.7 million worth of Ethereum (ETH). However, the community is reporting the losses could be even greater.

12.07 / 08:58

business Adoption Trading stocks Online brokerage M1 Finance to launch crypto trading accounts

Despite the bear market scaring away many crypto investors in 2022, online brokerage firm M1 Finance is set to launch crypto trading accounts and trading services over the next few weeks.

12.07 / 05:45

business Blockchain Scams Threat Cyber ‘Nobody is holding them back’ — North Korean cyber-attack threat rises

North Korea-backed cyberattacks on crypto and tech firms will only become more sophisticated over time as the country battles prolonged economic sanctions and resource shortages.

12.07 / 05:15

business NFT virtual reality Playboy to launch first 'MetaMansion' in The Sandbox

According to a July 11 announcement, this virtual version of the Playboy mansion will feature a host of gaming, social and programmed events, along with future NFT collectible releases from the firm.

12.07 / 00:39

business Mining Texas Crypto miners Crypto miners in Texas shut down operations as state experiences extreme heat wave

With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to meet demand.

11.07 / 22:13

business lending Bankruptcy recovery Customers Voyager can't guarantee all customers will receive their crypto under proposed recovery plan

Following Voyager Digital filing for bankruptcy on Tuesday, the crypto lending firm said its recovery plan was aimed at preserving customer assets but did not explicitly state it would be able to return all equivalent funds to affected users.

11.07 / 18:49

business wallet Major South Korean telecom company plans launch of blockchain wallet for crypto and NFTs

South Korean telecommunications giant SK Telecom has signed a joint agreement with other blockchain firms aimed at developing a digital wallet which can support cryptocurrencies, nonfungible tokens, and digital credentials.

11.07 / 18:19

business Stablecoin Circle Backed audit KPMG to audit new pound-backed stablecoin GBPT

Fintech firm blackfridge has launched a new stablecoin that is fully backed by the British pound (GBP), potentially opening the door to wider adoption of digital assets in the United Kingdom and its Crown Dependencies.

11.07 / 16:07

business Blockchain FATF Banks ING dutch Dutch bank ING sells digital asset tool Pyctor to GMEX

ING Group, Dutch multinational banking and financial services corporation, has spun out its digital asset business Pyctor to multi-asset trading infrastructure firm GMEX.

11.07 / 12:19

business Adoption ETF Bitcoin Grayscale legal officer says Bitcoin ETF litigation could take two years

Asset management firms continue to fight for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States as regulators remain skeptical of the idea.

11.07 / 10:47

business Technology Uber Leak Grab Uber Files: Leak reveals how Uber 'lobbied leaders and duped police' to grab new markets

As Uber aggressively pushed into markets around the world, the ride-hailing service lobbied top political leaders including France's Emmanuel Macron to relax labour and taxi laws, according to a global media investigation into thousands of leaked files.

11.07 / 10:39

business cryptocurrency World Bankruptcy Lawyers NOT Three Arrows Capital founders whereabouts not known: Lawyers

Su Zhu and Kyle Davies, the founders of Three Arrows Capital (3AC), the beleaguered crypto hedge fund, might have fled Singapore and their whereabouts are unknown, the firm’s lawyers said in its bankruptcy filing.

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