Business Financial News

22.06 / 16:40

business Adoption defi lending Low Celsius’ crisis exposes problems of low liquidity in bear markets

After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to continue working with them regarding this pause. Celsius has yet to comment on when the company is going to stabilize its operations. Celsius has also paused communications on Twitter Spaces and ask-me-anything (AMA) sessions “to focus on navigating these unprecedented challenges.”

22.06 / 13:31

business Funding Bitcoin valuation Crypto brokerage FalconX raises $150M at $8B valuation

Despite the ongoing bearish trend in cryptocurrency markets, venture capital firms continue pouring capital into major industry players like FalconX.

22.06 / 11:27

business Blockchain Stablecoin Tether Tether to launch GBPT stablecoin pegged to British pound sterling

Major stablecoin company Tether is expanding its stablecoin offering with a new cryptocurrency pegged to the British pound sterling (GBP).

22.06 / 06:30

business SEC SEC’s Hester Peirce opposes crypto bailouts — SBF didn’t get the memo

Securities and Exchange Commission (SEC) commissioner Hester Peirce has spoken out against crypto company bailouts, arguing it’s actually better to “let these things play out,” to create a more sustainable industry.

22.06 / 06:30

business Twitter Social Media Takeover elon Twitter board recommends shareholders vote for Elon Musk’s takeover

The Twitter board has unanimously recommended that shareholders vote in favor of Elon Musk’s takeover of the social media giant.

22.06 / 01:37

business Technology Art defi acquires Uniswap acquires NFT marketplace aggregator Genie to further ‘universal ownership’ goals

Decentralized exchange Uniswap announced the acquisition of the NFT marketplace aggregator Genie on June 21st. Uniswap said this move is part of its mission to unlock universal ownership and exchange on its platform.

22.06 / 00:13

business Blockchain Adoption valuation Solana NFT Solana NFT marketplace Magic Eden closes $130M Series B round at $1.6B valuation

On Tuesday, Magic Eden, a popular nonfungible tokens (NFTs) platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm and Sequoia Capital valued the firm at $1.6 billion.

22.06 / 00:13

business stocks acquires Financial FTX US acquires Embed Financial subsidiary for stock trading platform

The United States-based subsidiary of cryptocurrency exchange FTX will acquire Embed Financial Technologies as part of a deal aimed at “enhancing” the company’s stock offering.

21.06 / 20:31

business Mining Loans Bitcoin Bitfarms Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts

Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June, using the proceeds from the sale to reduce its debt.

21.06 / 18:21

business cryptocurrency crypto winter BlockFi Crypto firm BlockFi signs $250 million revolving credit agreement with FTX

BlockFi has signed a term sheet with digital asset exchange FTX for a $250 million revolving credit facility, the cryptocurrency firm's chief executive officer, Zac Prince, said in a tweet.

21.06 / 16:43

business Adoption Deloitte Bitcoin businesses Deloitte and NYDIG set up alliance to help businesses adopt Bitcoin

Professional services giant Deloitte is getting increasingly serious about Bitcoin (BTC) amid the ongoing market downturn, setting up a major initiative to promote BTC adoption.

21.06 / 16:43

business Blockchain Funding Crypto exchange BlockFi secures $250M credit from FTX amid bear market

BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX.

21.06 / 16:07

business Adoption Tokens Cointelegraph Consulting Blockchain investments are disrupting the real estate industry: Report

The Cointelegraph Research Terminal, the leading provider of premium databases and institutional-grade research on blockchain and digital assets, has added a new report to its expanding library from the industry leader in tokenization.

21.06 / 15:10

business BMW Bitcoin Bitcoin in Zimbabwe: Importing cars and sending money to family

Bitcoin (BTC) is a tool for freedom and economic empowerment. For one young Zimbabwean, Ovidy, it turned his life around when he returned to his home country at the onset of the COVID-19 pandemic.

21.06 / 13:14

business Adoption BitPanda Bitpanda cryptocurrency exchange scores registration in Spain

Bitpanda, an Austrian cryptocurrency exchange that was valued at $4.1 billion last summer, have received registration as a virtual currency exchange and digital asset custody service provider in Spain.

21.06 / 13:14

business Dubai Huobi crypto exchange wins licenses in Dubai and New Zealand as Thai affiliate closes

Major cryptocurrency trading platform Huobi continues expanding its global presence by securing new licenses in New Zealand and the United Arab Emirates.

21.06 / 09:13

business cryptocurrency ETF Bitcoin ProShares to list first short bitcoin ETF on NYSE

ProShares is set to list the United States’ first exchange-traded fund (ETF) that will allow investors to bet against bitcoin (BTC) prices and hedge their crypto investments, news site CoinDesk, which specialises in digital currencies reported on June 20.

21.06 / 09:11

business exchanges services Financial Australian Australian Crypto BTC Markets becomes first Australian crypto firm to get a financial services license

Australian-based cryptocurrency exchange BTC Markets has become the first crypto company in the country to gain a financial services license.

21.06 / 08:23

business lending Crypto lending platform Babel Finance reaches counterparty debt agreement

Hong Kong-based crypto lending firm, Babel Finance, has eased some of its immediate liquidity troubles by reaching debt repayments agreements with some of its counterparties.

20.06 / 21:21

business Bitcoin Power Iranian government to cut power supply for the country's legal crypto mining rigs

According to local news outlet Arz Digital, the day prior, Rajabi Mashhadi, a spokesperson for Iran's Ministry of Energy, said that the entity would be cutting power supply to all of the country's licensed crypto mining firms by the beginning of July.

20.06 / 20:41

business ETF Bitcoin ProShares will launch ETF aimed at shorting Bitcoin following dip under $20K

The firm behind one of the first Bitcoin futures-linked exchange-traded funds in the United States will give investors a new vehicle to bet against the price of the cryptocurrency.

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