Business Financial News
24.06 / 07:13
business
Art
NFT
Nifty News: Apecoin no longer going bananas, Pharrell touts Doodles and more…
Apecoin, the Ethereum-based token tied to the widely popular and almost definitely probably not 4Chan-related Bored Ape Yacht Club NFT project, saw its market cap drop by 67.2% or $4.3 billion during May and it has continued to slide since.
24.06 / 05:37
business
Trading
coinbase
exchanges
moody’s
NOT
Moody’s downgrades Coinbase due to bear: Warns it may not be the last
Credit ratings agency Moody’s has downgraded the Corporate Family Rating (CFR) and guaranteed senior unsecured notes of crypto exchange Coinbase, and stated that both ratings have been placed under review for further downgrade.
24.06 / 05:03
business
Blockchain
Binance
Decentralization
NOT
‘Bad’ crypto projects should not be bailed out says Binance founder CZ
Binance founder and CEO Changpeng “CZ” Zhao argues that “bad” crypto projects should be left to fail and not receive bailouts from crypto firms with healthy cash reserves.
24.06 / 00:09
business
Blockchain
interview
Bitcoin
BTC Mining
Buy Bitcoin or start mining? HashWorks CEO points to ‘attractive investment yield’ in BTC mining
Recently, bad news has abounded, and the resulting fear is real. DeFi is looking dead, altcoins completed their lifecycle by returning back to $0 (I guess that’s a joke), and Bitcoin’s (BTC) price fell lower than even the smartest brains in the room expected.
23.06 / 23:25
business
sanctions
us sanctions
Uphold withdraws with Venezuela, citing US sanctions
Crypto trading platform Uphold said it will be withdrawing support for users in Venezuela due to sanctions imposed by the United States government.
23.06 / 21:47
business
NFT
Social Media
Aave
The community-centered approach to Web3 — Aave founder and CEO
Aave founder and chief executive officer Stani Kulechov said the firm was continuing to develop its decentralized social media platform, with Web3 potentially changing the way many view ownership.
23.06 / 21:23
markets
business
MasterCard
Bitcoin
Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi
The Singapore-based crypto venture firm Three Arrows Capital (3AC) failed to meet its financial obligations on June 15 and this caused severe impairments among centralized lending and staking providers like Celsius and Babel Finance.
23.06 / 17:47
business
Blockchain
Adoption
economics
open
How blockchain can open up energy markets: EU DLT expert explains
Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy sector, blockchain lies at the heart of these technologies.
23.06 / 16:09
business
Ethereum
defi
Crisis in crypto lending shines light on industry vulnerabilities
The crypto market has entered a bearish phase as prices of major cryptocurrencies have fallen to a four-year low. The current downturn in the crypto market has driven several crypto firms to go out of business, while many have made severe job cuts to remain afloat.
23.06 / 13:45
business
Law
regulation
exchanges
settlement
Bybit enters into settlement agreement with Ontario Securities Commission
Bybit announced that it reached a settlement agreement with the Ontario Securities Commission (OSC) on Thursday, a day after the OSC released a Statement of Allegations against the crypto asset trading platform.
23.06 / 12:43
23.06 / 09:47
business
Blockchain
Citi
defi
Nexo hires Citibank to advise on acquisitions during market turmoil
Crypto lending platform Nexo, says that its strong balance sheet means it can ride to the rescue to provide liquidity during the current market turmoil by acquiring the assets of struggling crypto firms.
23.06 / 09:47
business
Blockchain
stocks
Federal Reserve
share price
Voyager's 60% share price plunge leads sea of red for crypto stocks
A 60% plunge of Voyager Digital’s (VYGVF) share price since it disclosed its Three Arrows Capital (3AC) exposure has been accompanied by further falls in crypto industry stocks.
23.06 / 08:37
business
interview
Research
A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne
Thailand based metaverse startup Translucia Global Innovation has partnered with the Australian software development firm Two Bulls and set aside an initial budget of $100 million to build a Metaverse Research and Development Center (MRDC) in Melbourne.
23.06 / 07:47
business
Binance
fees
Bitcoin
Binance U.S. makes BTC trading fee-free as competitors feel the heat
Crypto exchange Binance.US has removed trading fees for Bitcoin (BTC) spot market trades, following in the footsteps of Robinhood which pioneered no-commission crypto trading in 2018.
23.06 / 00:33
business
Adoption
kpmg
Institutions are exploring the space — KPMG Canada crypto team
The Canadian operations of Big Four auditor Klynveld Peat Marwick Goerdeler, or KPMG, may have a role to play in institutions entering the crypto space, according to two team members.
22.06 / 23:27
business
Blockchain
exchanges
Bitcoin
Voyager enters into $500M loan agreement with Alameda amid 3AC exposure
Trading platform Voyager Digital takes a loan from trading firm Alameda Research because of its exposure to crypto venture capital firm Three Arrows Capital (3AC).
22.06 / 19:19
business
Cybersecurity
security
businesses
Chainalysis launches reporting service for businesses targeted in crypto-related cyberattacks
Blockchain analytics firm Chainalysis has launched a reporting hotline for incidents of hackers demanding cryptocurrency payments from platforms or companies.
22.06 / 18:32
business
cryptocurrency
tds
CBDT notifies TDS disclosure requirements for cryptos, virtual digital assets
The income tax department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. From July 1, tax deducted at source (TDS) of 1 per cent will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year, as the Finance Act 2022 has introduced Section 194S in the I-T Act.
22.06 / 18:23
business
Blockchain
Technology
Adoption
Shopify
Shopify unveils tokengated commerce as part of new connect-to-consumer experience
As part of a new series of connect-to-consumer initiatives developed this year, Shopify will allow merchants to connect with fans and drive sales by creating exclusive merchandise for tokenholders. The initiative, dubbed "tokengate," is available in early-access beta mode.
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