Business Financial News

05.07 / 20:17

business Blockchain Investments With the bear market in full throttle, crypto derivatives retain their popularity

The 2022 cryptocurrency bear market has been the worst on record as most Bitcoin traders are underwater and continue to sell at a loss. In response to the rapid decline of token prices, some investors have fled to save haven assets; some have exited the market completely, while others have perplexingly turned to the enigmatic market of crypto derivatives.

05.07 / 17:41

business BitMEX Bitcoin Russians banned from accessing Bitmex within European Union

Major cryptocurrency exchange BitMEX is working to increase compliance with the European sanctions against Russia by preparing to enforce major restrictions for its Russian users.

05.07 / 16:57

business Technology Trading Liquidity Liquid markets are healthy markets, says Kairon Labs co-founder

Market maker Kairon Labs have been working with projects such as StepApp (FitFi) and Ergo, providing liquidity on over 30 exchanges.

05.07 / 16:57

business Blockchain NFT Sport Backed Lamborghini-backed GT racing team to authenticate car parts using NFTs

Vincenzo Sospiri Racing (VSR), a GT racing team backed by Lamborghini's motorsport department, has announced its partnership with nonfungible token (NFT) platform Go2NFT to launch a program that certifies racing car parts.

05.07 / 14:33

business Altcoin investigation Rug Pull Backed Bollywood A-lister-backed GARI token plunge sparks rug pull rumors

The domino effect of the 2022 bear market, which saw the downfall of numerous crypto ecosystems and tokens over several months, caught up to GARI token as it tanked over 83% in value in a matter of hours on June 4. While GARI Network brushed off the development as a “market event,” investors suspect a rug pull event.

05.07 / 14:13

business Blockchain Bitcoin Crypto investor Sequoia Capital China reportedly raises $9 billion

Sequoia Capital China, the Chinese affiliate of cryptocurrency-friendly venture capital firm Sequoia Capital, is about to raise $9 billion for its four new funds focused on Chinese startups.

05.07 / 13:29

business cryptocurrency Nexo Vauld Crypto lender Nexo plans to buy fellow lender Vauld

Cryptocurrency lender Nexo plans to buy fellow lender Vauld, it said on Tuesday, the latest sign of consolidation in the digital currency industry as prices tumble.

05.07 / 08:43

business Adoption Environment African infrastructure firm lands $150M to launch crypto water token

South Africa-based H20 Securities has reportedly raised $150 million from the GEM Digital investment firm through the sale of the H20N token.

05.07 / 05:05

business ETF Bitcoin Futures Bitcoin Weekly Institutional investors shorting Bitcoin made up 80% of weekly inflows

Institutional investors loaded up on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC) last week.

05.07 / 00:07

business goldman sachs Loans Bitcoin Price Celsius pays down 143M in DAI loans since July 1

Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave off a complete collapse amid credible rumors of insolvency.

04.07 / 14:11

business Facebook Adoption wallet Meta signals closure of Novi wallet after a 10-month pilot

Meta’s first foray into the world of cryptocurrencies is set to end in September with the closure of its Novi wallet pilot project.

04.07 / 14:03

business Europe Bitcoin crypto asset manager asset manager acquires CoinShares acquires French crypto asset manager Napoleon AM

Major European digital asset manager CoinShares is finalizing the acquisition of the French fintech firm Napoleon Group despite the ongoing market decline.

04.07 / 12:35

business Adoption Bitcoin Financial Peter Schiff's bank closure strengthens Bitcoin case for financial freedom

Prominent economist Peter Schiff, who is well-known in the community for his anti-crypto sentiments, had his bank shut down by Puerto Rico regulators. The revelation, however, led to Crypto Twitter pointing out the “irony” as Schiff’s prediction for Bitcoin (BTC) came true for his own traditional bank.

04.07 / 11:29

business defi lending Bitcoin Withdrawals Lost Keys lost in the Vauld: Singapore crypto exchange freezes withdrawals

Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the “difficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.”

03.07 / 22:23

business Blockchain Adoption Opinion Are expiring copyrights the next goldmine for NFTs?

Although non-fungible tokens (NFTs) are most commonly known in the form of digital art, they exist in many other forms and represent much more than just art.

03.07 / 14:31

business Blockchain Adoption Bitcoin Crypto’s ongoing crisis is an opportunity for realignment

It’s not a great day to be in crypto. Perhaps you’ve seen an article (or 20) about this. Perhaps you’ve been on Twitter, where our detractors are cackling gleefully over every headline, each one more harbinger-of-doom-esque than the next. To be fair, things are going badly. Crashed, collapsed, erased, plunged, obliterated and imploded are the operative verbs in most coverage, and they’re not being used incorrectly or in an exaggerated manner. There’s no putting a positive spin on a week where $400 billion in value just evaporated. Even for the most furiously determined buy-the-dippers and diamond-handed believers who feed off detractors and never say die, it’s dire out there.

03.07 / 08:17

business Blockchain Adoption Bitcoin Future NOT Web5 vs. Web3: The future is a process, not a destination

On June 10, many were surprised by the news that TBD, a subsidiary of Block, Twitter’s co-founder Jack Dorsey, announced the launch of the Web5 platform. Web 1, 2, 3 and now Web 5? But where is Web 4? Those who don’t care about number sequences can just downloaded Web 7.

03.07 / 08:17

business Blockchain Hackers Liquidity Crema Finance shuts liquidity protocol on Solana amid hack investigation

Crema Finance, a concentrated liquidity protocol over the Solana blockchain, announced the temporary suspension of its services owing to a successful exploit that has drained a substantial but undisclosed amount of funds.

03.07 / 06:45

business cryptocurrency crypto news Bitcoin Cryptocurrency Prices Today July 3: Cryptos in green, Ethereum biggest gainer

Cryptocurrencies traded in the green early on July 3. The global crypto market-cap is $869.36 billion, a 0.84 percent increase over the last day. The total crypto market volume over the last 24 hours is $40.49 billion, which makes a 36.47 percent decrease.

02.07 / 17:45

business Blockchain Adoption Health Why longevity matters to everyone: Living longer lives in the world of Web3

Expected to reach a market size of $128 billion by 2028, the longevity sector is no longer something that those outside the medical world can ignore. In the next few years, life-extending technologies and treatments for aging-related diseases will reach human trials. There is an exciting wave of development happening in research labs and technology centers across the globe, with more and more early adopters embarking on their longevity journeys.

02.07 / 15:05

business Altcoin exchanges KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal”

Crypto exchange KuCoin found itself at the center of discussion when a sub-community of Crypto Twitter started warning investors about an incoming ban on funds withdrawal. KuCoin CEO, Johnny Lyu, was however quick to dismiss the unvetted rumors before they picked up steam.

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