Business Financial News

30.06 / 08:39
business CEO Platform Withdrawals CoinFlex CEO says withdrawals unlikely to resume on Thursday
Crypto exchange CoinFlex is “unlikely” to resume withdrawals on Thursday, June 30 as it had originally hoped, according to its CEO Mark Lamb, as the company continues to search for buyers of its $47 million bad debt. 
30.06 / 06:31
business Polygon virtual reality Taxes Nifty news: Sandbox LAND on Polygon, ETH gain a tax loss and more...
Popular Ethereum-based Metaverse gaming platform The Sandbox has unveiled a bridge that enables users to transfer their virtual NFT LAND and native SAND tokens over to Layer-2 network Polygon (MATIC).
29.06 / 20:33
business Citi Loans Backed Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property
Investment banking giant Citigroup has released research on how property technology could affect the housing market, mentioning virtual estate in the metaverse and cryptocurrency-backed mortgages.
29.06 / 19:35
business defi DAO Bitcoin Time It’s time to refocus on crypto infrastructure, CoinShares CSO says
The ongoing cryptocurrency market decline is the right time for the community to strengthen infrastructure fundamentals, according to the chief strategy officer at the European digital asset manager CoinShares.
29.06 / 17:05
business ETF Investments Bitcoin 21Shares 21Shares responds to bear market with crypto winter ETP
21Shares, a global issuer of crypto exchange-traded products (ETP), is taking action to respond to the current bear market by launching crypto winter-focused investment tools.
29.06 / 16:15
business Blockchain data API Flipside Crypto launches NFTs to pull multi-chain data
Blockchain analytics firm Flipside Crypto has launched an online Software Development Kit called ShroomDK, which is based on nonfungible tokens (NFTs) and provides an automated means to pull “comprehensive” blockchain data via software. Being NFT-based enables the SDK to be on-sold or upgraded more easily, according to the company.
29.06 / 15:55
business regulation Sky News Bitcoin British Virgin Islands court reportedly orders to liquidate 3AC
Troubled cryptocurrency venture capital firm Three Arrows Capital (3AC) is facing more uncertainty amid new reports on the company’s liquidation.
29.06 / 14:53
business Blockchain Twitter Bitcoin Bitcoin advocate criticized for backing wallet authentication project
Crypto Twitter has gone after Nic Carter, a prominent advocate of Bitcoin (BTC), for his involvement in Dynamic, a third-party wallet authentication project that could potentially prevent wallet transactions to be performed if a wallet is categorized as risky. 
29.06 / 06:07
business Blockchain Binance Gaming Sky Mavis Battle-hardened Ronin bridge to Axie reopens following $600M hack
Sky Mavis, developers of the popular play-to-earn (P2E) NFT game Axie Infinity have announced that the Ronin bridge is back online three months after it was hacked for more than $600 million.
29.06 / 05:11
business Mining Bitcoin Marathon 75% of Marathon's mining fleet still offline two weeks after huge storm
Bitcoin mining company Marathon Digital Holdings has revealed that 75% of its mining capability has been out of commission since a severe storm hit Montana on June 11. 
29.06 / 01:29
business Usd Coin Roger Ver denies CoinFLEX CEO's claims he owes firm $47M USDC
Roger Ver, an early Bitcoin investor and Bitcoin Cash proponent, has pushed against claims from crypto investment platform CoinFLEX regarding an alleged $47-million debt.
29.06 / 00:21
business Blockchain Bitcoin Miner Bitcoin miner Mawson to defer all major capital expenditures until market conditions normalize
On Tuesday, Bitcoin (BTC) mining company Mawson Infrastructure Group said that it was suspending major capital expenditures until market conditions normalize. In addition, the firm is voluntarily reducing its energy use, also called demand response, in light of the market sell-off and high electricity prices due to inflation. 
28.06 / 22:47
business Mining Texas Switzerland-based crypto mining firm expands operations to Texas
White Rock Management, a cryptocurrency mining company based in Switzerland, said it will be expanding its operations to the United States, starting with Texas.
28.06 / 21:17
business Blockchain regulation Investments Are custodied crypto funds at risk? Industry veterans explain
With rumors of insolvency flying high among crypto firms such as Celsius and Three Arrows Capital, investors couldn't help but ask a simple question: What happened to all the funds that were supposedly under "safe custody?" As it turns out, a small fraction of crypto firms began leveraged trading with customers' deposits to deliver promised high APY returns on supposedly fixed-income instruments. Things worked out well when the market was thought to have endless potential.
28.06 / 20:45
business Blockchain interview Bitcoin NOT Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’
Your favorite trader is saying Bitcoin (BTC) bottomed. At the same time, the top on-chain indicators and analysts are citing the current price range as a “generational buy” opportunity. Meanwhile, various crypto and finance media recently reported that Bitcoin miners sending a mass of coins to exchanges are a sign that $17,600 was the capitulation move that pins the market bottom. 
28.06 / 19:47
business Adoption Investments Huobi How crypto is attracting some institutional investors — Huobi Global sales head
James Hume, head of sales at Huobi Global, says while some institutional investors have gotten “cold feet” over crypto, many with billions of dollars are exploring the space.
28.06 / 17:03
business Adoption MasterCard American Express NOT ECB exclusive: Crypto payments 'not currently cost effective,' Amex exec says
Gonzalo Pérez del Arco, the director of government affairs in South Europe for card payment giant American Express, believes that making payments with crypto is not cost-effective at present.
28.06 / 11:49
business Blockchain fees Bitcoin Bitcoin mining revenue mirrors 2021 lows, right before BTC breached $69K
Bitcoin (BTC) visiting the $20,000 range after one and a half years made mining — the most important job of the ecosystem — a costly affair. However, if history were to repeat itself, BTC investors may witness another epic bull run that previously helped Bitcoin reach an all-time high of $69,000.
28.06 / 11:49
business regulation Court Celsius denies allegations on Alex Mashinsky trying to flee US
Troubled crypto lending firm Celsius is putting their best foot forward to recover operations alongside CEO Alex Mashinsky, who currently stays in the United States, the company has claimed.
28.06 / 09:41
business Tether cryptocurrency investment Tether CTO refutes stablecoin FUD as short-sellers circle
Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin has been the subject of a “coordinated attack” by hedge funds looking to short sell the dollar-pegged crypto asset. 
28.06 / 09:41
business Mining Electricity bills Power Compass Mining loses facility after allegedly failing to pay power bill
Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills.

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