Business Financial News
07.07 / 22:35
business
Mining
Bitcoin
reports
Another miner cashes in: Argo Blockchain reports selling 637 BTC to pay debts
Argo Blockchain has joined crypto mining firms including Bitfarms, Core Scientific, and Riot Blockchain in selling part of its Bitcoin holdings.
07.07 / 17:21
business
Blockchain
Bitcoin
Playing it louder: Companies bring music licensing to the blockchain
While critics use the bear market as an opportunity to pounce on crypto and belittle its value, some projects take this chance to develop and launch industry-disrupting platforms on the blockchain.
07.07 / 16:21
business
Technology
NFT
Fashion
How the Metaverse can revolutionize the fashion industry
The idea underlying digital fashion can be difficult for many to grasp since buying/trying out clothes that only exist in a virtual world can seem quite strange at first. However, with this niche market continuing to gain a lot of traction recently, many experts are beginning to view the idea of the Metaverse reshaping the future of fashion a lot more seriously.
07.07 / 16:21
business
Blockchain
Technology
Solflare to let users manage Solana CeFi and DeFi accounts in one app with FTX integration
On Thursday, Solana-native wallet Solflare released a new integration with cryptocurrency exchange FTX.com and FTX.us to simply portfolio management for Solana users. As told by Solflare, it would make transfers between one's custodial and non-custodial balances trivial by enabling users to manage FTX funds directly from their Solflare web extension and later via the mobile wallet. Of course, FTX know-your-customer rules would still apply to link one's exchange accounts with Solflare.
07.07 / 15:47
business
fees
exchanges
Bitcoin
Bitstamp cancels ‘inactivity fee’ plans after huge backlash
Luxembourg-based cryptocurrency exchange Bitstamp has scrapped plans to implement an inactivity fee after widespread outcries from users online.
07.07 / 14:45
business
Blockchain
Adoption
London
investment managers
British investment managers call for the blockchain-traded funds' approval
The Investment Association, a trade body representing British investment managers, is speeding up the local government and financial regulators to approve blockchain-traded funds with digital tokens substituting traditional shares.
07.07 / 13:39
markets
business
defi
Genesis Trading CEO confirms 3AC exposure, parent company helps plug losses
Digital Currency Group’s market maker and lending firm Genesis Trading has confirmed that it had investment exposure in the now-liquidated Three Arrows Capital (3AC).
07.07 / 07:27
07.07 / 05:35
business
Bitcoin
controversy
Bitcoin-friendly Próspera hits back at controversy in The Guardian
The leadership of the crypto-friendly charter city of Próspera in Honduras has hit back at reports it is facing a backlash from residents of the neighboring community of Crawfish Rock over its expansion plans.
07.07 / 00:11
business
Mining
Texas
Riot
Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State
Crypto mining firm Riot Blockchain said it has begun relocating rigs from its New York data facility, with the majority intended to end up in central Texas.
06.07 / 19:23
business
defi
Altcoin
DeFi protocol Porter Finance shuts down bond issuance platform after just one month
Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance said:
06.07 / 18:29
business
Blockchain
Stablecoin
Adoption
Circle looks to reaffirm commitment to transparency as USDC market share soars
The cryptocurrency market has experienced a turbulent period as of late, with several firms filing for bankruptcy or shutting down. Voyager Digital announced its bankruptcyon Wednesday, becoming the second crypto lender to default following Three Arrows Capital.
06.07 / 17:47
business
Blockchain
Adoption
Bitcoin
What does a bear-market ‘cleanse’ actually mean?
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.
06.07 / 17:15
business
Technology
security
Bitcoin
centralized exchanges
Hardware crypto wallet sales increase as centralized exchanges scramble
Blockchain analysis firm Glassnode recently characterized the 2022 bear market as the worst on record. This seems to be the case due to events such as the war in Ukraine and rising inflation, coupled with serious problems among centralized crypto exchanges.
06.07 / 14:37
business
Adoption
Bitcoin
Customers
85% of merchants see crypto payments as a way to reach new customers: Survey
While the market goes steady, the crypto ecosystem continues to grow as merchants innovate and adopt cryptocurrency payments in their quest to gain new customers.
06.07 / 10:07
business
lending
Bankruptcy
recovery
Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan
Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York.
06.07 / 10:07
business
Huobi
applications
expansion
US expansion for Huobi a step closer after it secures a FinCEN license
A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN).
06.07 / 06:11
business
CNBC
Market Capitalization
Bitcoin Price
The bottom is in: CNBC's Jim Cramer says crypto has "no real value"
Given his track record, some in thecrypto community believe the market bottom may now be in after CNBC host Jim Cramer said there was “no real value in crypto” and predicted the market would tumble further.
06.07 / 05:49
business
defi
lending
Loans
MakerDAO voting on collaborating with a traditional bank
MakerDAO is voting on a proposal that will bring a traditional bank into its ecosystem for the first time, allowing the bank to borrow against its assets using decentralized finance (DeFi).
06.07 / 01:03
business
Mining
Bitcoin
Holdings
bitcoin holdings
Core Scientific sold $167M worth of Bitcoin holdings in June
United States-based cryptocurrency mining firm Core Scientific sold more than 7,000 Bitcoin in June to pay for servers, increase its data capacity, and settle debts.
05.07 / 21:17
business
eToro
eToro to terminate $10B SPAC merger in mutual agreement with acquisition firm
On Tuesday, special purpose acquisition company (SPAC) FinTech Acquisition Corp. V announced that it terminated its purposed takeover of Israeli cryptocurrency exchange eToro via a bilateral agreement. In explaining the decision, Fintech V chairman of FinTech V Betsy Cohen said:
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