Business Financial News

28.06 / 08:35

business Blockchain lending CeFi recovery CoinFLEX recovery plan includes tokenized bad debt and more yields

Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47 million token offering.

28.06 / 08:35

business Blockchain Twitter lending Weekly Crypto community confused as Celsius continues with weekly rewards

Members of the crypto community on Twitter have been left bewildered by the beleaguered Celsius Network continuing to pay weekly rewards despite pausing withdrawals two weeks ago.

28.06 / 06:01

business Investments Funding exchanges Unizen 'CeDeFi' smart exchange secures $200M investment from GEM

Cryptocurrency exchange Unizen has scored a $200 million investment from private equity group Global Emerging Markets (GEM) which it will use to expand its business and its ecosystem.

27.06 / 23:53

business Blockchain Adoption Investments end 'Crypto is just like the end of the 90s with the internet bubble,' says Hodl CEO Maurice Mureau

For Maurice Mureau, CEO of crypto investment fund operator Hodl, there's "not a lot left" to invest in anymore. With soaring inflation, bonds are no go, real estate is getting more difficult, but there is one asset class that's (unsurprisingly) catching the fund manager's attention – cryptocurrencies. During the European Blockchain Convention in Barcelona this week, Cointelegraph Editor Aaron Wood sat down with Mureau, who gave his insight on the outlook of the digital assets investment landscape.

27.06 / 23:43

business Robinhood Crypto exchange FTX is looking into acquiring Robinhood: Report

Cryptocurrency derivatives exchange FTX is reportedly eyeing a takeover of Robinhood Markets, the popular trading app that introduced millions of traders to Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE).

27.06 / 22:03

business ETF SEC Bitcoin spot bitcoin reports Support Grayscale reports 99% of SEC comment letters support spot Bitcoin ETF

Digital asset manager Grayscale reported overwhelming support in public comments for its application to launch a spot Bitcoin exchange-traded fund.

27.06 / 19:33

business coinbase stocks goldman sachs Coinbase stock Goldman Sachs downgrades Coinbase stock to ‘sell’

Shares of Coinbase Global Inc. (COIN) have been downgraded by analysts at Goldman Sachs after plunging cryptocurrency prices affected the exchange’s underlying business, underscoring the challenges posed by the bear market.

27.06 / 16:27

business exchanges Bitcoin Voyager Digital issues notice of default to Three Arrows Capital

Crypto exchange Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC) for its failure to pay its 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan disclosed in a previous statement.

27.06 / 16:17

business NFT Metaverse Metaverse can’t be built on the corporate business model, says EY innovation lead

Magnus Jones, the innovation lead at big four accounting firm Ernst & Young (EY) believes that the metaverse would be led by the young generation and it cannot be built on the same principles of the corporate business model.

27.06 / 15:19

business Blockchain Adoption education Educating regulators will help mitigate risks, says Figment exec

Cointelegraph's managing editor Alex Cohen interviewed Figment's staking marketing director Robert Ellison at the European Blockchain Convention (EBC) 2022. The duo discussed topics like educating regulators on blockchain and crypto, how businesses navigate uncertain regulatory landscapes and regulating staking.

27.06 / 11:07

business Twitter lending Charity ‘Smear campaign’: Nexo responds to accusations of stealing donations, siphoning funds from charity

Cryptocurrency lending platform Nexo has hit back at what it called “fake news” and rumors that its founders were part of a charity embezzlement scandal, saying the claims are untrue and defamatory. It has issued a public cease and desist notice to the originator of the allegations.

27.06 / 06:35

business Blockchain Stablecoin Carbon Credits ANZ's stablecoin used to buy tokenized carbon credits

ANZ’s stablecoin A$DC has been used to buy Australian tokenized carbon credits, marking another critical test of the asset’s use cases in the local economy.

25.06 / 13:11

business Altcoin BitPanda Bitpanda announces layoffs citing no compromise on product quality

Austrian crypto and stock trading platform Bitpanda joins the growing list of companies to announce a mass layoff as it aims to “get out of it financially healthy” amid an unforgiving bear market.

25.06 / 10:05

business Blockchain Electricity Bitcoin Drop Power network Bitcoin Network Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop

The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking the two-week-long fall in the mining hash rate, which reduced the commuting power for mining BTC blocks to 199.225 exahash per second (EH/s).

25.06 / 07:45

business Tether World Bitcoin Tether: The coin that could wreck crypto

David Yaffe-Bellany (Circuits)

25.06 / 00:25

business lending Bankruptcy network advisers Celsius Network hires advisers ahead of potential bankruptcy: Report

Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy.

25.06 / 00:03

business event kpmg Toronto Crypto Biz: Crypto was in full swing at Collision Conference, June 17-23

For all the gloom and doom in the cryptocurrency market these days, our industry continues to make inroads into mainstream tech. This week, I had the pleasure of attending the sold-out Collision Conference in Toronto, and crypto was featured prominently. During the event, I got to moderate three panels, including two that were crypto-focused. The fact that the biggest tech conference in North America is letting me talk cryptocurrency after a six-month bloodbath proves there’s more to the industry than just price. And, I’m not saying the price isn’t important — but context is everything.

24.06 / 23:35

business Investments lending stake FTX may be planning to purchase a stake in BlockFi: Report

Crypto exchange FTX is reportedly in talks to acquire a stake in BlockFi after the company issued a $250 million credit to the lending firm.

24.06 / 20:57

business Hackers Samsung Bitcoin Lost White hat hacker attempts to recover 'millions' in lost Bitcoin, finds only $105

Joe Grand, a computer engineer and hardware hacker known by many for recovering crypto from hard-to-reach places, spent hours breaking into a phone only to find a fraction of a Bitcoin.

24.06 / 18:01

business Adoption Africa Bitcoin Uganda’s gold discovery: What it could mean for crypto

These are fraught times for the cryptocurrency and blockchain sector, so it isn’t surprising that industry proponents might seize upon any promising news to help charge flagging markets. A Reuters report out of Uganda last week about a massive gold ore discovery supplied just this kind of fuel.

24.06 / 17:37

business Adoption e-commerce Bitcoin Bitcoin payments make a lot of sense for SMEs but the risks still remain

The last six odd months has seen the cryptocurrency market witness an unparalleled amount of financial volatility, so much so that the total capitalization of this fast-maturing space has dropped from $3 trillion to approximately $1 trillion. This comes after the industry hit all-time highs across the board last November, with Bitcoin (BTC) reaching a price point of $69,000.

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