Business Financial News

02.07 / 06:49

business cryptocurrency Bitcoin Bitcoin Down Cryptocurrency Prices Today July 02: Bitcoin down, Ethereum biggest laggard

Cryptocurrencies traded in the red early on July 2. The global crypto market cap is $863.55 billion, a 4.16 percent decrease over the last day. The total crypto market volume over the last 24 hours is $63.61 billion, which makes a 11.68 percent decrease.

02.07 / 01:07

business coinbase MicroStrategy goldman sachs Crypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip

Coinbase has long been considered an important bellwether of the cryptocurrency market. Last year, when the company was expanding its workforce, adding institutional clients and issuing stock, crypto prices were hitting record highs. Now, in the depths of crypto winter, Coinbase finds itself slashing a fifth of its workforce, losing retail trading volume and contending with downgrades of its credit and stock.

02.07 / 00:11

business Loans Withdrawals Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default

Cryptocurrency exchange Voyager Digital announced Friday that it was temporarily suspending trading, deposits, withdrawals and loyalty rewards. “The failure of a borrower, Three Arrows Capital, to repay a substantial loan from us makes this the right path forward,” Voyager Digital CEO Stephen Ehrlich said on Twitter soon after the service suspension went into effect.

01.07 / 23:15

business Investments lending Deal Option BlockFi announces deal with FTX US, including 'option to acquire' for $240M

FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the option to purchase the lending firm.

01.07 / 22:11

business Ecosystem Cosmos Ignite CEO announces departure after seven years

Peng Zhong, the chief executive officer of Ignite — formerly Tendermint and backer of the Cosmos ecosystem — has announced he will be leaving the firm.

01.07 / 20:43

business coinbase Gemini June roundup: who's hiring and who's firing in the crypto space

Amid the recent volatility in the crypto market affecting investments and stock prices, many firms made significant staff cuts in the last month while others continued hiring.

01.07 / 19:39

business Stablecoin Tether bonds Tether continues to reduce commercial paper in sharp reduction since March

Tether is reducing its commercial paper holdings on pace with plans, the stablecoin company reported Friday. It has reached the target sum of $8.4 billion in commercial paper, as per intentions first disclosed last month, and will continue to reduce its holdings in the immediate future.

01.07 / 17:07

business defi regulation Bitcoin Self-custody is key during extreme market conditions: Here's what experts say

The ongoing crisis of cryptocurrency lending and the associated crypto market decline once again confirms the importance of self-custody or the "true ownership" of crypto by its holder, according to several industry experts.

01.07 / 11:57

business Blockchain coinbase reports Customer Coinbase denies reports of selling customer data to the US government

Crypto exchange platform Coinbase denied reports alleging that the company is selling its customer information to the United States Immigration and Customs Enforcement (ICE), an agency that works under the country’s Department of Homeland Security.

01.07 / 05:39

business Blockchain Bitfinex lending Rescue BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion

Celsius’ lead investor BnkToTheFuturehas outlined three proposals to save Celsius from bankruptcy while finding a good outcome for shareholders and depositors with funds stuck on the platform.

01.07 / 00:57

business Facebook NFT expansion NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical program manager Navdeep Singh displayed screenshots of NFTs and a creator’s page Thursday on Twitter.

01.07 / 00:01

business Government coinbase Customer Coinbase providing customer geolocation data to ICE: Report

A new report has indicated that crypto exchange Coinbase has provided Immigrations and Customs Enforcement (ICE) agents with a “suite of features” intended for tracking the company’s customers. According to the report, ICE has been granted access to an intelligence-gathering application, called Coinbase Tracer, that provides a variety of forensic data tracking capabilities.

30.06 / 22:05

business Liquidity lending FTX on the verge of purchasingBlockFi in $25M in fire sale

Cryptocurrency exchange FTX is close to purchasing digital asset lender BlockFi's remaining assets for $25 million, according to CNBC.

30.06 / 18:21

business Adoption Investments Funding OP Crypto launches $100M fund to back early-stage crypto VCs

OP Crypto, a cryptocurrency venture capital firm founded by former Huobi executive David Gan, is launching a new fund to support emerging fund managers focused on early-stage crypto investments.

30.06 / 16:35

business Blockchain Technology Adoption How to start a career in crypto? A beginner’s guide for 2022

The cryptocurrency industry is arguably one of the fastest-growing industries in the world. With its decentralized finance (DeFi) system and blockchain technology, crypto has become an attractive career path for those interested in technology and finance. As expected of any fast-growing sector, growth has also led to a corresponding increase in demand for talented individuals to build the space.

30.06 / 15:19

business regulation Venture Capital information Singapore reprimands 3AC for providing false information

The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital (3AC), a battled hedge fund, for providing inaccurate information to the authorities. In a statement published Thursday, the MAS said that the firm violated capital requirements by having assets under management in excess of the permitted amount.

30.06 / 15:19

business cryptocurrency Cryptos Are "Clear Danger" As Value Based On Make Believe: RBI Governor

Cryptocurrencies clear danger, says RBI Governor

30.06 / 13:57

business regulation Europe coinbase expansion Coinbase seeking aggressive European expansion amid crypto winter

Coinbase is expanding its operations into various countries in Europe amid a "crypto winter." Despite laying off numerous employees and rescinding job offers, Coinbase's vice president Nana Murugesan revealed intentions to register in Italy, Spain, France and the Netherlands.

30.06 / 13:57

business Binance regulation Binance to assist Cambodia in developing crypto regulations

Crypto exchange Binance has signed a memorandum of understanding (MoU) with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement.

30.06 / 13:17

business ETF Bitcoin spot bitcoin New spot Bitcoin ETF launched at Euronext Amsterdam Exchange

Major Dutch stock exchange Euronext Amsterdam, a part of the pan-European marketplace Euronext, is debuting its first Bitcoin (BTC) exchange-traded fund (ETF).

30.06 / 08:55

business Blockchain Wall Street Loans Contagion: Genesis faces huge losses, BlockFi's $1B loan, Celsius's risky model

It’s been another day of watching the ripples of contagion spread through the crypto market.

what you should know about business

What is business and why is it important?

Business is a high-demand area that draws public attention. On our site, we regularly publish news related to this subject.

Where can I find the latest updates on business?

All new posts about business can be found in the dedicated section. We publish information as it becomes available.

How can I verify the accuracy of information on business?

We use verified data to ensure that the information about business is well-supported and valuable for our readers.