Business Financial News

04.10 / 04:11

business Law regulation SEC coinbase Court SEC asks judge to reject Coinbase’s motion to dismiss lawsuit

The United States Securities and Exchange Commission has asked a federal judge to deny Coinbase’s motion to dismiss a lawsuit by the regulator.

04.10 / 04:11

business regulation us government white house Senate Crypto-friendly Patrick McHenry takes interim House Speaker position

United States Representative and crypto-friendly lawmaker Patrick McHenry has been appointed as interim House Speaker after the high-profile ousting of U.S. House speaker Kevin McCarthy.

04.10 / 04:11

business Ripple Ripple gets formal approval for Singapore payments license

Ripple said it has received the full-fledged license to operate as a major payments institution from Singapore's central bank, allowing it to continue operations in the country after receiving in-principle approval in June.

04.10 / 00:53

business CBDC regulation inflation Central Bank Hyperinflation Argentinian presidential candidate wants CBDCs to 'solve' hyperinflation

Argentinian presidential candidate Sergio Massa has pledged to launch a central bank digital currency (CBDC) if elected to “solve” Argentina’s long-lasting inflation crisis.

03.10 / 16:11

business Blockchain Stablecoin Binance Binance to shut down BUSD lending by October 25

Crypto exchange Binance will cease borrowing and lending services for its native stablecoin Binance USD (BUSD) by October 25.

03.10 / 12:15

business NVIDIA Samsung Samsung to develop AI chips with Canadian startup Tenstorrent

The Canadian startup Tenstorrent, which builds artificial intelligence (AI) processors among other things, revealed a new partnership with Samsung’s chip manufacturing department.

03.10 / 11:53

business Banks Bitcoin Brazil BTG Pactual bank buys Bitcoin-friendly brokerage Orama for $99M

Major Brazilian investment bank BTG Pactual is acquiring cryptocurrency-friendly brokerage Orama DTVM as part of its strategy to expand the bank’s digital platforms.

03.10 / 06:49

business regulation Banks Federal Reserve banking Silvergate Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse

Crypto-friendly Silvergate Bank ultimately collapsed this year due to over-dependence on risky crypto deposits and nepotism that led to ineffective management, according to inspectors at the Federal Reserve.

03.10 / 06:49

business Adoption Investments data Hong Kong could be a ‘tailwind’ for lagging crypto activity in Asia: Chainalysis

Recent crypto advancements in Hong Kong could provide a “potential tailwind” to lift crypto activity in the East Asian region, which has mainly suffered from a China-wide ban on trading activities since 2019.

03.10 / 03:59

business Blockchain Job Chainalysis axes another 15% of staff citing difficult market conditions

Blockchain analytics firm Chainalysis has reduced its headcount by another 15% this week, citing the need to reduce expenses due to continued bear market blues.

03.10 / 01:35

business Ethereum Adoption Ether price Futures Ethereum Price Ethereum futures ETFs garner lukewarm reception on first day of trading

The rush of excitement that accompanied the launch of nine new Ethereum futures exchange-traded funds (ETFs) appears to have yielded little in the way of investment dollars in comparison.

03.10 / 01:35

business Adoption Trading Research Job AI can be used in 'every single process' of JPMorgan’s operations, says CEO

JPMorgan CEO Jamie Dimon says artificial intelligence could be applied to “every single process” of his firm’s operations and may replace humans in certain roles.

02.10 / 22:27

business Ethereum ETF regulation Futures Volatility Shares cancels ETH futures ETF launch, ‘didn’t see the opportunity at this point in time’

Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, canceled its plans to launch an Ether (ETH) futures ETF on Oct. 2, citing changes in the market.

02.10 / 19:51

business Blockchain regulatory approval regulatory Crypto liquidity provider GSR receives regulatory approval in Singapore

Cryptocurrency trading firm and liquidity provider GSR's Singaporean subsidiary, GSR Markets Pte. Ltd, has received an in-principal approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license.

02.10 / 15:09

business Blockchain CeFi recovery Bankrupt CeFi firm Haru Invest hints at asset recovery

Bankrupt South Korean yield platform Haru Invest says it will return users' assets, although no particular timeframe is given.

02.10 / 13:25

business Hash Rate Bitcoin Halving Bitcoin Bitcoin Price Bitfarms Bitfarms increases mining pace, generates 411 BTC in September

The Canadian Bitcoin (BTC) mining firm Bitfarms has been actively scaling operations, significantly increasing the amount of mined BTC last month.

02.10 / 11:49

business Silk Road Silk Road founder marks 10 years into his double life sentence in prison

The founder of the former online black market Silk Road, Ross Ulbricht, marked 10 years behind bars after he was given a double life sentence by United States authorities in 2013.

02.10 / 05:53

business Law regulation FTX Court Bankruptcy Effective altruism fueled SBF’s ‘ridiculous’ actions at FTX: Ex-Alameda engineer

Effective altruism was used to justify “increasingly risky and ridiculous” actions at crypto exchange FTX prior to its ultimate collapse in November 2022, says a former software engineer at Alameda Research.

02.10 / 03:23

business defi Cybersecurity security Cybercrime malware Crypto firms beware: Lazarus’ new malware can now bypass detection

North Korean hacking collective Lazarus Group has been using a new type of “sophisticated” malware as part of its fake employment scams — which researchers warn is far more challenging to detect than its predecessor.

01.10 / 22:01

business NFT defi Venture Capital Startups VC Roundup: Investors eyes blockchain analytics, gaming and crypto privacy

Crypto startups keep raising capital despite tight liquidity and adverse macroeconomic conditions. September saw major developments in the space, such as Farmville co-creator Amitt Mahajan raising $33 million to create Web3 games, and Animoca Brands disclosing $20 million capital gathered to push forward the development of its Mocaverse platform.

01.10 / 21:29

business Blockchain NFT Tokens Digital Asset Tokenization is “securitization done on steroids" — Franklin Templeton CEO

Securitization, a practice with over 50 years of history, is undergoing a dramatic transformation, believes Jenny Johnson, CEO of Franklin Templeton, one of the world’s largest asset managers.

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